Innovator Equity Defined Protection ETF
$30.73−0.03 (−0.08%)
- 0.79%
- $115M
- +5.1%
- 0M sh
- $30.77
- low $29.16high $30.88
The ETF.net TJUL Grade
C
Score 45 out of 100
- 21 of 39
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F21 out of 100Rank 23 of 39Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 24 of 38Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 9 of 39Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A87 out of 100Rank 2 of 39
Our read on TJUL
CTJUL is the S&P 500 with a full airbag: a 100% downside buffer across a two-year outcome period, paid for with a hard ceiling on the upside. Total protection, not the usual thin slice, is the entire pitch.
The Fund seeks to track the return of SPDR S&P 500 ETF Trust over the outcome period, subject to a maximum return cap and a 100% downside buffer before fees and expenses.
Why people hold it
- The buffer goes all the way: the fund aims to absorb 100% of a decline in its S&P 500 reference over the outcome period, before fees and expenses.
- Upside stays equity shaped. It tracks the SPDR S&P 500 ETF Trust (SPY) over the period up to a cap, so gains follow stocks rather than a fixed rate.
- Long runway, clear terms: outcome periods run two years, with a new cap set at each reset, so the trade-off is spelled out in the fund's documents before the clock starts.
- A registered 1940 Act fund holding an options-based defined outcome strategy, so the protection arrives inside a standard ETF wrapper rather than a note or annuity.
Worth knowing
- Costs 0.79% a year, above the 0.69% charged by the Calamos protection series (CPSJ, CPSM), and the 100% buffer is measured before fees and expenses.
- The cap is the price of the floor: strong S&P 500 stretches get trimmed at the ceiling, and buying mid-period leaves you with different terms than the stated cap and buffer.
- Smaller and thinly traded next to plain index ETFs, so bid-ask spreads can widen in fast markets.
TJUL Holdings
- Stocks
- 3
- 117%
- 4SPY Us 06/30/27 C11.12 Flx
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
TJUL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
TJUL$10,513
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TJUL |
|---|---|
| Year to date | +4.0% |
| 1 month | +0.5% |
| 3 months | +1.6% |
| 1 year | +5.1% |
| 3 years | +7.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TJUL |
|---|---|---|
| 2026 YTD | +4.0% | |
| 2025 | +6.6% | |
| 2024 | +8.2% | |
| 2023 | +3.1% |
TJUL in the news
TJUL Dividends
No distributions in the last 12 months.
TJUL Risk
- 3.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.02
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TJUL Cost
0.79%
TJUL0.79%
- The middle half of S&P 500 Full Protection funds
- Median 0.69%
20 of the 27 S&P 500 Full Protection funds charge less.
Other funds in S&P 500 Full Protection
- CCPSRCalamos S&P 500 Structured Alt Protection ETF – MarchExpense ratio 0.69%1 year return +6.2%
- CCPSYCalamos S&P 500 Structured Alt Protection ETF – JanuaryExpense ratio 0.69%1 year return +6.4%
- CZFEBInnovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr FebruaryExpense ratio 0.79%1 year return +6.3%
- CZJUNInnovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr JuneExpense ratio 0.79%1 year return +5.2%
- CHJLYCorgi ETF Trust I - Corgi U.S. Equities 100% Structured Buffer ETF - July SeriesExpense ratio 0.30%1 year return —