NJUL vs QCJA: Grades, Fees and Holdings Compared

Innovator Nasdaq-100 Power Buffer ETF - July

NJULCCboe

FT Vest Nasdaq-100 Conservative Buffer ETF - January

QCJACCboe

Overlap

0.0%by weight

Expense ratio

NJUL −0.11pt a year

NJUL0.79%QCJA0.90%

Avg volume · 30D

QCJA 1.03×the volume

NJUL21.4KQCJA21.9K

NJUL vs QCJA Performance

Nov 5, 2025 – Nov 5, 2026

+1.5%NJUL+6.6%QCJA

Expense ratio: NJUL 0.79%, better; QCJA 0.90%
Fund size: NJUL $269M; QCJA $77M
1Y total return: NJUL +1.5%; QCJA +6.6%, better
Holdings: NJUL 3; QCJA 3
Avg volume (30D): NJUL 21.4K sh; QCJA 21.9K sh, better
NAV per share: NJUL $75.88; QCJA $23.75
52W range

ETF.net Grade

Pillar letters and Scores for NJUL, QCJA, with each pillar’s weight
Pillar	NJUL	QCJA
Cost30% weight	D39Higher	F5
Mission25% weight	Not scored	Not scored
Risk15% weight	C40	A77Higher
Tradability15% weight	A82Higher	A73
Holdings10% weight	Not scored	Not scored
Durability5% weight	A87Higher	B68

Rank among Nasdaq-100 Buffer 15% funds

How we build Categories ›

Same Category. NJUL and QCJA are both graded against the same 15 Nasdaq-100 Buffer 15% funds, so their Grades compare head to head.

Nasdaq-100 Buffer 15%⁠

Category · 15 funds

See all 15 ›

NJUL ranks 4th and QCJA 7th of 15 funds in the Nasdaq-100 Buffer 15% Category.

Rank 1BQBQFAllianzIM Growth 100 Buffer15 ETFScore 56
Rank 2CNOCTInnovator Growth-100 Power Buffer ETFScore 55
Rank 3CNJANInnovator Growth-100 Power Buffer ETFScore 54
Rank 4CNJULInnovator Nasdaq-100 Power Buffer ETF - JulyScore 53
Rank 5CNAPRInnovator Nasdaq 100 Power Buffer ETF - AprilScore 52
Rank 6CNJUNInnovator Growth-100 Power Buffer ETF - JuneScore 46
Rank 7CQCJAFT Vest Nasdaq-100 Conservative Buffer ETF - JanuaryScore 42
Rank 8CQJLCorgi Growth & Technology 10% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

NJULCInnovator Nasdaq-100 Power Buffer ETF - July

QCJACFT Vest Nasdaq-100 Conservative Buffer ETF - January

In short

NJUL Nasdaq-100 exposure with a seatbelt. NJUL absorbs the first 15% of QQQ's losses over a one-year outcome period that resets each July, and in exchange accepts a ceiling on the upside set the day the period begins.

QCJA No data

Stated mandate

NJUL The fund seeks to track the return of the Invesco QQQ Trust (QQQ), subject to a predetermined cap, while protecting investors from the first 15% of losses during the outcome period.

QCJA No data

Why people hold it

NJUL The contract is written down, not implied: a 15-point cushion against QQQ's decline over the outcome period, with the trade-off stated in the prospectus.
The clock resets every July 1. Investors who start with a fresh period know the buffer and the cap before they commit, rather than guessing at the risk.
A plain 1940 Act ETF, not a bank-issued structured note, so the defined outcome doesn't ride on a single issuer's credit.
Live since 2020, with siblings NJAN and NAPR running the same Nasdaq-100 buffer recipe at the same 0.79% on different reset dates.

QCJA No data

Worth knowing

NJUL The ceiling is real. The cap is fixed when each period starts, so a runaway Nasdaq year leaves gains on the table.
Buy mid-period and you inherit whatever buffer and cap are left, not the headline 15%. Full terms belong to holders who own from the reset date.
At 0.79% it matches the typical Nasdaq-100 buffer fund, but sits above PBQQ at 0.50% and the Calamos series at 0.69%, and it isn't among the group's busiest tickers.

QCJA No data

Full NJUL profile⁠

Full QCJA profile⁠

NJUL vs QCJA Holdings

How NJUL and QCJA differ

Overlap by weight

0.0%

Level by level

Holdings0 in both0.0%
Sector10 Sectors98.8%
Countryby domicile99.9%

Sector

Sector weights in NJUL and QCJA, widest gap first
Sector	Gap	NJUL	QCJA
Technology	NJUL +0.9 points	58.9%	58.0%
Consumer Staples	QCJA +0.5 points	6.3%	6.8%
Health Care	QCJA +0.4 points	4.4%	4.8%
Communication	NJUL +0.3 points	11.4%	11.1%
Consumer Discretionary	QCJA +0.1 points	10.9%	11.0%
Utilities	QCJA +0.1 points	1.1%	1.2%
Materials	QCJA +0.1 points	1.0%	1.1%
Industrials	Same weight	5.3%	5.3%
Energy	Same weight	0.5%	0.5%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in NJUL and QCJA, widest gap first
Country	Gap	NJUL	QCJA
United States	Same weight	97.3%	97.3%
Canada	NJUL +0.1 points	1.1%	1.0%
Netherlands	Same weight	0.9%	0.8%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.2%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

NJUL103.9%
QCJA104.3%

Securities held

NJUL3
QCJA2

Asset class

NJUL: Stocks
QCJA: Multi-Asset

Holdings

Only in NJUL3
In both0
Only in QCJA2

Only in NJUL

3 securities, 100% of NJUL by weight

Qqq 06/30/2027 7.36 C94.96%
Qqq 06/30/2027 736.4 P8.62%
Us Bank Mmda - Usbgfs 9 09/01/20370.33%

Only in QCJA

2 securities, 100% of QCJA by weight

2027-01-15 Invesco QQQ Trust, Series 1 C 6.20102.75%
2027-01-15 Invesco QQQ Trust, Series 1 P 621.251.09%

Weight gaps

NJUL and QCJA share no securities.

All 6 NJUL holdings⁠All 4 QCJA 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.

NJUL vs QCJA Cost

Overpaying QCJA vs NJUL

$1,866

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

NJUL 0.79%
$15,174
QCJA 0.90%
$17,040

Amount$10,000

Years30 years

Cost over time

NJUL 0.79%
QCJA 0.90%
Overpaying

Year by year

Year	NJUL	QCJA	Overpaying
10	$1,405	$1,593	$188
20	$5,331	$6,015	$684
30	$15,174	$17,040	$1,866

Expense ratio

0.79%NJUL, cheaper
0.90%QCJA

NJUL0.79%QCJA0.90%

0.30%0.90%

Middle half of Nasdaq-100 Buffer 15% funds
Median 0.79%

NJUL 8th cheapest of 15 funds

QCJA 13th cheapest of 15 funds

NJUL vs QCJA Dividends

Last 12 months to Nov 5, 2026

Payout (12M): NJUL None; QCJA None

Distribution history

NJULAll NJUL payments⁠

No distribution history available.

QCJAAll QCJA payments⁠

No distribution history available.

NJUL vs QCJA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NJUL 8.8%QCJA 7.0%since Feb 2025
Return per unit of riskSharpe ratio, 3 years: NJUL 1.09QCJA 0.88since Feb 2025
Worst fallMax drawdown, 5 years: NJUL −14.4%QCJA −10.7%since Jan 2025
Market sensitivityBeta, 5 years: NJUL 0.57QCJA 0.53; Market = 1

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