BUFI vs IJAN: Grades, Fees and Holdings Compared

AB International Buffer ETF

BUFIBNasdaq

Innovator International Developed Power Buffer ETF - January

IJANCNYSE Arca

Overlap

0.0%by weight

Expense ratio

BUFI −0.16pt a year

BUFI0.69%IJAN0.85%

Avg volume · 30D

IJAN 1.5×the volume

BUFI11.8KIJAN17.9K

BUFI vs IJAN Performance

Oct 31, 2025 – Oct 30, 2026

+6.5%BUFI+8.3%IJAN

Expense ratio: BUFI 0.69%, better; IJAN 0.85%
Fund size: BUFI $138M; IJAN $226M
1Y total return: BUFI +6.5%; IJAN +8.3%, better
Holdings: BUFI 4; IJAN 3
Avg volume (30D): BUFI 11.8K sh; IJAN 17.9K sh, better
NAV per share: BUFI $41.81; IJAN $38.19
52W range

ETF.net Grade

Pillar letters and Scores for BUFI, IJAN, with each pillar’s weight
Pillar	BUFI	IJAN
Cost30% weight	A84Higher	D38
Mission25% weight	Not scored	Not scored
Risk15% weight	C42Higher	D39
Tradability15% weight	C54	A83Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	C54	A85Higher

Rank among Developed International Buffer 15% funds

How we build Categories ›

Same Category. BUFI and IJAN are both graded against the same 26 Developed International Buffer 15% funds, so their Grades compare head to head.

Developed International Buffer 15%⁠

Category · 26 funds

See all 26 ›

BUFI ranks 1st and IJAN 10th of 26 funds in the Developed International Buffer 15% Category.

Rank 1BBUFIAB International Buffer ETFScore 65
Rank 2BQBIFAllianzIM International Equity Buffer15 ETFScore 63
Rank 10CIAPRInnovator Intl Developed Power Buffer ETFScore 52
Rank 10CIJANInnovator International Developed Power Buffer ETF - JanuaryScore 52
Rank 12CINOVInnovator Intl Developed Power Buffer ETFScore 49

Our read on each fund

ETF.net Research

BUFIBAB International Buffer ETF

IJANCInnovator International Developed Power Buffer ETF - January

In short

BUFI No data

IJAN Most buffer ETFs babysit the S&P 500. IJAN aims the same machinery overseas: it tracks the iShares MSCI EAFE ETF up to a cap while absorbing the first 15% of losses over a one-year window that resets each January.

Stated mandate

BUFI No data

IJAN The fund seeks to track the return of the iShares MSCI EAFE ETF, subject to a predetermined cap, while protecting against the first 15% of losses during the outcome period.

Why people hold it

BUFI No data

IJAN The 15% buffer is written into the fund's own terms: across each outcome period it is designed to absorb the first 15% of the reference ETF's losses before shareholders take any.innovatoretfs.com
Costs 0.85% a year, level with the typical fund in its international buffer group. Options-based payoffs run pricier than plain index exposure, but this one is not an outlier.
Clean annual calendar: one outcome period, January through December, with cap and buffer reset at the top of the year. Nothing to roll month to month.
Running since 2020, so the reset mechanics have already cycled through multiple complete outcome periods rather than a single test run.

Worth knowing

BUFI No data

IJAN The stated cap and 15% buffer apply over a full outcome period. Enter mid-year and you get whatever cushion and upside remain, which Innovator posts on the fund page.innovatoretfs.com
Upside is capped by design, and distributions have not been part of the picture. The cushion is paid for with surrendered rally and income.
Thinly traded, so spreads can run wider than on mainstream ETFs. The same strategy also runs on a twelve-month rotation (IAPR, IJUL, IOCT), and the January edition lands in the lower half of that group.

Full BUFI profile⁠

Full IJAN profile⁠

BUFI vs IJAN Holdings

How BUFI and IJAN differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BUFI and 0.0% of IJAN.

Level by level

Asset classAlternatives, Equity0.0%
Holdings0 in both0.0%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in BUFI and IJAN, widest gap first
Sector	More in BUFIMore in IJAN	BUFI	IJAN
Financials	Same weight	26.1%	26.1%
Industrials	Same weight	18.7%	18.7%
Technology	Same weight	12.0%	12.0%
Health Care	Same weight	10.1%	10.1%
Consumer Discretionary	Same weight	7.1%	7.1%
Consumer Staples	Same weight	6.4%	6.4%
Materials	Same weight	5.8%	5.8%
Communication	Same weight	4.7%	4.7%
Energy	Same weight	4.0%	4.0%
Utilities	Same weight	3.6%	3.6%
Real Estate	Same weight	1.5%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in BUFI and IJAN, widest gap first
Country	More in BUFIMore in IJAN	BUFI	IJAN
Japan	Same weight	24.3%	24.3%
United Kingdom	Same weight	14.1%	14.1%
Switzerland	Same weight	10.2%	10.2%
Germany	Same weight	8.8%	8.8%
France	Same weight	8.3%	8.3%
Australia	Same weight	6.7%	6.7%
Netherlands	Same weight	6.0%	6.0%
Spain	Same weight	3.7%	3.7%
Other countries (17)	Same weight	18.0%	18.0%

Outside the US: BUFI 99% developed, 1% emerging. IJAN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

BUFI100.8%
IJAN100.7%

Securities held

BUFI3
IJAN3

Asset class

BUFI: Alternatives
IJAN: Equity

Holdings

Only in BUFI3
In both0
Only in IJAN3

Only in BUFI

3 securities, 100% of BUFI by weight

4EFA 10/30/26 C0.53 4EFA 10/30/26 C0.5399.50%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5871.12%
4EFA 10/30/26 P103.47 4EFA 10/30/26 P103.470.20%

Only in IJAN

3 securities, 100% of IJAN by weight

Efa 12/31/2026 0.96 C99.50%
Efa 12/31/2026 96.03 P0.94%
Us Bank Mmda - Usbgfs 9 09/01/20370.26%

Weight gaps

BUFI and IJAN share no securities.

All BUFI holdings⁠All 6 IJAN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUFI vs IJAN Cost

Overpaying IJAN vs BUFI

$2,770

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

BUFI 0.69%
$13,429
IJAN 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

BUFI 0.69%
IJAN 0.85%
Overpaying

Year by year

Year	BUFI	IJAN	Overpaying
10	$1,232	$1,508	$276
20	$4,697	$5,706	$1,009
30	$13,429	$16,199	$2,770

Expense ratio

0.69%BUFI, cheaper
0.85%IJAN

BUFI0.69%IJAN0.85%

0.30%0.90%

Middle half of Developed International Buffer 15% funds
Median 0.85%

BUFI 5th cheapest of 26 funds

IJAN 11th cheapest of 26 funds

BUFI vs IJAN Dividends

Last 12 months to Oct 30, 2026

Payout (12M): BUFI None; IJAN None

Distribution history

BUFIAll BUFI payments⁠

No distribution history available.

IJANAll IJAN payments⁠

No distribution history available.

BUFI vs IJAN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUFI 5.7%since Jan 2025IJAN 7.7%
Return per unit of riskSharpe ratio, 3 years: BUFI 1.21since Jan 2025IJAN 0.97
Worst fallMax drawdown, 5 years: BUFI −7.4%since Dec 2024IJAN −16.7%
Market sensitivityBeta, 5 years: BUFI 0.24IJAN 0.42; Market = 1

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