Skip to content
etf.net

Launched

Innovator U.S. Equity Accelerated 9 Buffer ETF

XBJLCboeInnovatorB

$40.80−0.10 (−0.24%)

As of Nov 2, 2026, 3:59 PM ET

B56/ 100

Rank 2 of 6 in S&P 500 Accelerated, 9-12% Buffer

B56/100Rank 2 of 6inS&P 500 Accelerated, 9-12% Buffer
Intraday session: down, 78 prints from 40.90 to 40.80. Range 40.80 to 41.20. Use the arrow keys to read each point.41.0041.1041.2010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$77M
1Y total return
+8.5%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
4.32K sh
52W range
low $37.02high $41.48
Launched

The ETF.net XBJL Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
S&P 500 Accelerated, 9-12% Buffer⁠
Rank
2 of 6
Six-pillar profile for XBJL. Scores out of 100: Cost 59, Risk 50, Mission not scored, Tradability 55, Holdings 59, Durability 64. Strongest: Durability (64). Weakest: Risk (50). Based on 5 of 6 pillars.

Score 56 of 100 falls in the B 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.
    B59 out of 100
    Rank 1 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 3 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 2 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 1 of 4

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 2 of 6

Our read on XBJL

ETF.net Research

In short

BMost buffer ETFs give up upside to buy protection. XBJL flips it: each July-to-June period aims for twice the S&P 500 ETF's price gain up to a cap, with the first 9% of losses absorbed.

Stated mandate

The fund seeks twice the upside return of an ETF tracking the S&P 500 Index, subject to a cap, while providing approximately one-to-one downside exposure after a 9% buffer over the annual outcome period.

Why people hold it

  • Double up, not give up. It targets 2x the underlying S&P 500 ETF's price return to a cap, with downside one-to-one after a 9% buffer. Leverage runs one direction.innovatoretfs.com
  • It rolls itself. Each period runs July 1 to June 30, with a fresh cap and buffer struck at the reset. No maturity date, no options to roll.sec.gov
  • Fees are 0.79%, the same sticker as Innovator's other accelerated buffer funds (XBAP, XBJA, XBOC). The July start date costs no premium.
  • FLEX options on SPY, cleared by the Options Clearing Corporation, inside a 1940 Act fund launched in 2021. Plain brokerage account, no bank note.sec.gov

Worth knowing

  • Outcomes are engineered for holders who own it from a period's first day to its last. Buy or sell mid-period and your effective cap and buffer differ.sec.gov
  • Returns follow the underlying ETF's share price only. The fund does not receive its dividends, the trade for accelerated upside.sec.gov
  • It trades far less actively than the plain S&P 500 funds underneath it, which can mean wider bid-ask spreads in fast markets.

XBJL Performance

Launched Jul 1, 2021

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.
XBJL$10,855
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XBJL $10,855. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for XBJL. Periods over one year show the average yearly return.
PeriodXBJL
Year to date+6.9%
1 month−0.2%
3 months+1.9%
1 year+8.5%
3 yearsper year+13.3%
5 yearsper year+9.0%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XBJL
YearReturn barXBJL
2026 YTD+6.9%
2025+12.1%
2024+11.5%
2023+19.5%
2022−5.0%
2021+4.7%

Since listing, Jul 1, 2021

XBJL in the news

XBJL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

XBJL Risk

Risk pillarC50 out of 100Rank 3 of 6 in S&P 500 Accelerated, 9-12% Buffer
How much the fund’s monthly returns vary, scaled to a year.
5.4%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.54
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−11.8%
Trough Jun 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.40
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XBJL Cost

Tied cheapest in S&P 500 Accelerated, 9-12% Buffer

$15,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XBJL 0.79%

    $15,174

$10,000
30 years

Cost over time

  • XBJL 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XBJL $15,174

Year by year

YearXBJL
10$1,405
20$5,331
30$15,174

Other funds in S&P 500 Accelerated, 9-12% Buffer

See others