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UJAN vs UMAY

Innovator U.S. Equity Ultra Buffer ETF

UJANBCboe

Innovator U.S. Equity Ultra Buffer ETF

UMAYCCboe

Overlap

0.3%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

UJAN0.79%UMAY0.79%

Avg volume · 30D

UJAN 1.4×the volume

UJAN35.2KUMAY24.4K

5Y return · a year

UJAN +1.8pt

UJAN+8.1%UMAY+6.3%

UJAN vs UMAY Performance

Oct 29, 2021 – Oct 30, 2026

+47.7%UJAN+35.8%UMAY

Oct 29, 2021 to Oct 30, 2026. UJAN +47.7%. UMAY +35.8%. Use the arrow keys to read each point.−10%0%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
UJAN 0.79%
UMAY 0.79%
Fund size
UJAN $250M
UMAY $83M
1Y total return
UJAN +9.3%, better
UMAY +7.4%
Holdings
UJAN 3
UMAY 5
Avg volume (30D)
UJAN 35.2K sh, better
UMAY 24.4K sh
NAV per share
UJAN $46.47
UMAY $38.74
52W range

ETF.net Grade

UJAN: Cost 50, Risk 49, Mission not scored, Tradability 76, Holdings not scored, Durability 76. UMAY: Cost 50, Risk 55, Mission not scored, Tradability 55, Holdings 60, Durability 29.
Pillar letters and Scores for UJAN, UMAY, with each pillar’s weight
PillarUJANUMAY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC49B55Higher
Tradability15% weightA76HigherB55
Holdings10% weightNot scoredB60
Durability5% weightA76HigherD29

Rank among S&P 500 Ultra Buffer 30% funds

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

Same Category. UJAN and UMAY 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 UMAY 6th of 13 funds in the S&P 500 Ultra Buffer 30% Category.

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

UJAN vs UMAY Holdings

How UJAN and UMAY differ

Overlap by weight

0.3%

Shared holdings make up 0.8% of UMAY and 0.3% of UJAN.

Level by level

  • Holdings1 in both0.3%
  • Sector11 Sectors98.1%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in UJAN and UMAY, widest gap first
SectorMore in UJANMore in UMAY
TechnologyUJAN +1.4 points
FinancialsUMAY +0.7 points
Consumer DiscretionaryUMAY +0.6 points
CommunicationUJAN +0.4 points
IndustrialsUMAY +0.2 points
MaterialsUMAY +0.1 points
UtilitiesUMAY +0.1 points
EnergyUMAY +0.1 points
Real EstateUMAY +0.1 points
Health CareUJAN +0.1 points
Consumer StaplesUMAY +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in UJAN and UMAY, widest gap first
CountryMore in UJANMore in UMAY
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • UJAN102.7%
  • UMAY102.5%

Securities held

  • UJAN3
  • UMAY4

Asset class

UJAN
Equity
UMAY
Equity

Holdings

  • Only in UJAN2
  • In both1
  • Only in UMAY3

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%

Only in UMAY

3 securities, 100% of UMAY by weight

  • Vanguard S&P 500 ETF99.63%
  • Voo 04/30/2027 627.55 P1.95%
  • Voo 04/30/2027 686.99 C0.13%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in UJAN and UMAY, widest gap first
HoldingMore in UJANMore in UMAY
Us Bank Mmda - Usbgfs 9 09/01/2037UMAY +0.51 points

All 6 UJAN holdings⁠All 6 UMAY 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.

UJAN vs UMAY Cost

Same expense ratio

$15,174

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

  • UJAN 0.79%

    $15,174

  • UMAY 0.79%

    $15,174

$10,000
30 years

Cost over time

  • UJAN 0.79%
  • UMAY 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UJAN $15,174UMAY $15,174

Year by year

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

Expense ratio

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

UJAN 2nd cheapest of 13 funds

UMAY 2nd cheapest of 13 funds

UJAN vs UMAY Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
UJAN None
UMAY None

Distribution history

UJANAll UJAN payments⁠

No distribution history available.

UMAYAll UMAY payments⁠

No distribution history available.

UJAN vs UMAY Risk

Fall from peak · 5 years

  • UJAN
  • UMAY
Oct 29, 2021 to Oct 30, 2026. Worst fall: UMAY −12.1% · Oct 2022. Use the arrow keys to read each point.−12.5%−10%−7.5%−5%−2.5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UJAN 5.7%UMAY 4.2%, better
Return per unit of riskSharpe ratio, 3 years
UJAN 1.40UMAY 1.77, better
Worst fallMax drawdown, 5 years
UJAN −9.0%, betterUMAY −12.1%
Market sensitivityBeta, 5 years
UJAN 0.44UMAY 0.30

Popular comparisons

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    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF - June

    Expense ratio
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    Category
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