JULJ vs UJAN: Grades, Fees and Holdings Compared

Innovator Premium Income 30 Barrier ETF

JULJCCboe

Innovator U.S. Equity Ultra Buffer ETF

UJANBCboe

Overlap

0.0%by weight

Expense ratio

JULJ0.79%UJAN0.79%

Avg volume · 30D

UJAN 13.5×the volume

JULJ2.6KUJAN35.2K

3Y return · a year

UJAN +7.0pt

JULJ+6.0%UJAN+13.0%

JULJ vs UJAN Performance

Oct 31, 2025 – Oct 30, 2026

+4.9%JULJ+9.3%UJAN

Expense ratio: JULJ 0.79%; UJAN 0.79%
Fund size: JULJ $14M; UJAN $250M
1Y total return: JULJ +4.9%; UJAN +9.3%, better
Yield (12M): JULJ 5.67%; UJAN No data
Holdings: JULJ 5; UJAN 3
Avg volume (30D): JULJ 2.6K sh; UJAN 35.2K sh, better
NAV per share: JULJ $24.88; UJAN $46.47
52W range

ETF.net Grade

Pillar letters and Scores for JULJ, UJAN, with each pillar’s weight
Pillar	JULJ	UJAN
Cost30% weight	C50	C50
Mission25% weight	Not scored	Not scored
Risk15% weight	B68Higher	C49
Tradability15% weight	C45	A76Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	F21	A76Higher

Rank among S&P 500 Ultra Buffer 30% funds

How we build Categories ›

Same Category. JULJ and UJAN are both graded against the same 13 S&P 500 Ultra Buffer 30% funds, so their Grades compare head to head.

S&P 500 Ultra Buffer 30%⁠

Category · 13 funds

See all 13 ›

UJAN ranks 1st and JULJ 9th of 13 funds in the S&P 500 Ultra Buffer 30% Category.

Rank 1BUJANInnovator U.S. Equity Ultra Buffer ETFScore 57
Rank 2BUJUNInnovator U.S. Equity Ultra Buffer ETF - JuneScore 55
Rank 6CUMAYInnovator U.S. Equity Ultra Buffer ETFScore 51
Rank 9CJULJInnovator Premium Income 30 Barrier ETFScore 50
Rank 9CUMARInnovator U.S. Equity Ultra Buffer ETFScore 50

Our read on each fund

ETF.net Research

JULJCInnovator Premium Income 30 Barrier ETF

UJANBInnovator U.S. Equity Ultra Buffer ETF

In short

JULJ Most defined-outcome funds trade your upside for a cushion and pay you nothing along the way. JULJ flips the deal: a distribution rate set for each outcome period and paid quarterly, with the first 30% of S&P 500 price losses absorbed.

UJAN No data

Stated mandate

JULJ The Fund seeks to provide a defined distribution over each Outcome Period while protecting shareholders from the first 30% of losses in the referenced U.S. equity index over that period.

UJAN No data

Why people hold it

JULJ The payoff is written down in advance: a defined distribution rate declared for each outcome period, paid out quarterly.
Deep coverage by design: the structure targets the first 30% of S&P 500 Price Return Index losses over the outcome period.
0.79% a year, under the typical fee in its deep-protection cohort and level with Innovator's own UFEB, though Pacer's Swan SOS conservative funds (PSCX, PSCW) come cheaper.

UJAN No data

Worth knowing

JULJ Index appreciation isn't the goal. The stated objective is the defined distribution plus downside protection, so gains beyond that payout aren't what you're buying.
It's a barrier structure, and terms run from the start of an outcome period to its end. Innovator's fund page spells out how the 30% applies and what a mid-period buyer gets.
Small fund, thinly traded. Limit orders and a glance at the spread do real work here.

UJAN No data

Full JULJ profile⁠

Full UJAN profile⁠

JULJ vs UJAN Holdings

How JULJ and UJAN differ

Overlap by weight

0.0%

Shared holdings make up 0.3% of UJAN and 0.0% of JULJ.

Level by level

Holdings1 in both0.0%
Sector11 Sectors98.1%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in JULJ and UJAN, widest gap first
Sector	More in JULJMore in UJAN	JULJ	UJAN
Technology	UJAN +1.4 points	38.7%	40.1%
Financials	JULJ +0.8 points	12.1%	11.3%
Consumer Discretionary	JULJ +0.6 points	9.3%	8.7%
Communication	UJAN +0.4 points	9.5%	9.9%
Industrials	JULJ +0.2 points	7.8%	7.6%
Materials	JULJ +0.1 points	1.7%	1.6%
Energy	JULJ +0.1 points	3.5%	3.4%
Utilities	JULJ +0.1 points	2.0%	1.9%
Real Estate	JULJ +0.1 points	1.8%	1.7%
Health Care	UJAN +0.1 points	9.3%	9.4%
Consumer Staples	JULJ +0.1 points	4.5%	4.4%

Country, concentration and asset class

Country by domicile

Country weights in JULJ and UJAN, widest gap first
Country	More in JULJMore in UJAN	JULJ	UJAN
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

JULJ120.2%
UJAN102.7%

Securities held

JULJ5
UJAN3

Asset class

JULJ: Equity
UJAN: Equity

Holdings

Only in JULJ4
In both1
Only in UJAN2

Only in JULJ

4 securities, 100% of JULJ by weight

United States Treasury Bill 06/10/202799.01%
Spx 06/30/2027 5174.17 P18.44%
United States Treasury Bill 12/31/20261.35%
United States Treasury Bill 03/18/20271.34%

Only in UJAN

2 securities, 100% of UJAN by weight

Spy 12/31/2026 6.81 C101.98%
Spy 12/31/2026 647.82 P0.43%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in JULJ and UJAN, widest gap first
Holding	More in JULJMore in UJAN	JULJ	UJAN
Us Bank Mmda - Usbgfs 9 09/01/2037	UJAN +0.25 points	0.03%	0.28%

All 6 JULJ holdings⁠All 6 UJAN 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.

JULJ vs UJAN Cost

Same expense ratio

$15,174

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

JULJ 0.79%
$15,174
UJAN 0.79%
$15,174

Amount$10,000

Years30 years

Cost over time

JULJ 0.79%
UJAN 0.79%

Year by year

Year	JULJ	UJAN
10	$1,405	$1,405
20	$5,331	$5,331
30	$15,174	$15,174

Expense ratio

0.79%JULJ
0.79%UJAN

JULJ0.79%UJAN0.79%

0.30%0.79%

Middle half of S&P 500 Ultra Buffer 30% funds
Median 0.79%

JULJ 2nd cheapest of 13 funds

UJAN 2nd cheapest of 13 funds

JULJ vs UJAN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JULJ 5.67%; UJAN No data
Payout (12M): JULJ $1.41; UJAN None
Last payment: JULJ $0.34; UJAN No data
Ex-dividend: JULJ Sep 30, 2026; UJAN No data
Paid on: JULJ Oct 2, 2026; UJAN No data
Frequency: JULJ Quarterly; UJAN No data

Distribution history

Per share, 2023 to 2026, same scale for both

JULJQuarterly · 13 paymentsAll JULJ payments⁠

UJANAll UJAN payments⁠

No distribution history available.

JULJ vs UJAN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JULJ 1.1%, betterUJAN 5.7%
Return per unit of riskSharpe ratio, 3 years: JULJ 1.36UJAN 1.40, better
Worst fallMax drawdown, 5 years: JULJ −3.6%since Jul 2023UJAN −9.0%
Market sensitivityBeta, 5 years: JULJ 0.05UJAN 0.44; Market = 1

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