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KJAN vs QBKF

Innovator U.S. Small Cap Power Buffer ETF - January

KJANCCboe

Allianzim U.S. Small Cap Buffer15 ETF

QBKFBCboe

Overlap

Expense ratio

QBKF −0.05pt a year

KJAN0.79%QBKF0.74%

Avg volume · 30D

KJAN 6.1×the volume

KJAN10.5KQBKF1.72K

KJAN vs QBKF Performance

Jul 31, 2026 – Oct 30, 2026

+0.3%KJAN+0.4%QBKF

Jul 31, 2026 to Oct 30, 2026. KJAN +0.3%. QBKF +0.4%. Use the arrow keys to read each point.−2%−1%1%Jul 2026Sep 2026Oct 2026
Expense ratio
KJAN 0.79%
QBKF 0.74%, better
Fund size
KJAN $313M
QBKF $9M
1Y total return
KJAN +12.1%
QBKF No data
Holdings
KJAN 3
QBKF 3
Avg volume (30D)
KJAN 10.5K sh, better
QBKF 1.72K sh
NAV per share
KJAN $45.91
QBKF $26.23
52W range

ETF.net Grade

KJAN: Cost 40, Risk 47, Mission not scored, Tradability 59, Holdings not scored, Durability 90. QBKF: Cost 73, Risk 85, Mission not scored, Tradability 40, Holdings 56, Durability 25.
Pillar letters and Scores for KJAN, QBKF, with each pillar’s weight
PillarKJANQBKF
Cost30% weightC40A73Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47A85Higher
Tradability15% weightB59HigherC40
Holdings10% weightNot scoredB56
Durability5% weightA90HigherD25

Rank among Russell 2000 Buffer 15% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KJAN and QBKF are both graded against the same 14 Russell 2000 Buffer 15% funds, so their Grades compare head to head.

Russell 2000 Buffer 15%⁠

Category · 14 funds
See all 14 ›

QBKF ranks 1st and KJAN 5th of 14 funds in the Russell 2000 Buffer 15% Category.

  1. Rank 1BQBKFAllianzim U.S. Small Cap Buffer15 ETFScore 64
  2. Rank 2BQBKVAllianzim U.S. Small Cap Buffer5 ETFScore 58
  3. Rank 4CKAPRInnovator U.S. Small Cap Power Buffer ETF - AprilScore 52
  4. Rank 5CKJANInnovator U.S. Small Cap Power Buffer ETF - JanuaryScore 49
  5. Rank 5CKJULInnovator Russell 2000 Power Buffer ETF - JulyScore 49

Our read on each fund

ETF.net Research

KJANCInnovator U.S. Small Cap Power Buffer ETF - January

QBKFBAllianzim U.S. Small Cap Buffer15 ETF

In short

KJAN Most buffer ETFs babysit the S&P 500. KJAN aims the same machinery at small caps: Russell 2000 exposure with the first 15% of losses absorbed, upside capped, and a fresh outcome period every January.

QBKF No data

Stated mandate

KJAN The fund seeks to track the return of the iShares Russell 2000 ETF (IWM), subject to a predetermined cap, while protecting investors against the first 15% of losses during the outcome period.

QBKF No data

Why people hold it

  • KJAN The buffer points at the Russell 2000, not the S&P 500. Only a handful of funds run this trade in small caps, and this one owns the January reset.
  • At 0.79% a year it sits right at the going rate for small-cap buffer funds and undercuts the FT Vest versions (SMAY, SNOV) at 0.90%.
  • Running since 2020, it has cycled through full outcome periods again and again, and it lands in the upper half of its small-cap buffer peer group.

QBKF No data

Worth knowing

  • KJAN The cap is the price of the buffer. It is reset each January for the year ahead, so the ceiling for a given period isn't known until that period begins.
  • Buying mid-period gets you whatever buffer and cap are left, not the headline 15%. The stated terms apply to a full January-to-December stretch, before the fee.
  • It trades lightly next to the big S&P 500 buffer funds, so spreads can be wider and limit orders do more work than market orders.

QBKF No data

Full KJAN profile⁠

Full QBKF profile⁠

KJAN vs QBKF 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.

KJAN vs QBKF Cost

Overpaying KJAN vs QBKF

$867

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

  • KJAN 0.79%

    $15,174

  • QBKF 0.74%

    $14,307

$10,000
30 years

Cost over time

  • KJAN 0.79%
  • QBKF 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KJAN $15,174QBKF $14,307

Year by year

YearKJANQBKFOverpaying
10$1,405$1,319$86
20$5,331$5,015$316
30$15,174$14,307$867

Expense ratio

  • 0.79%KJAN
  • 0.74%QBKF, cheaper
  • Middle half of Russell 2000 Buffer 15% funds
  • Median 0.77%

QBKF 6th cheapest of 14 funds

KJAN 8th cheapest of 14 funds

KJAN vs QBKF Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
KJAN None
QBKF None

Distribution history

KJANAll KJAN payments⁠

No distribution history available.

QBKFAll QBKF payments⁠

No distribution history available.

KJAN vs QBKF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
KJAN 11.2%QBKF No data
Return per unit of riskSharpe ratio, 3 years
KJAN 0.97QBKF No data
Worst fallMax drawdown, 5 years
KJAN −16.8%QBKF No data
Market sensitivityBeta, 5 years
KJAN 0.66QBKF 0.12

Popular comparisons

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    Expense ratio
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    Expense ratio
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    Expense ratio
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