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UJAN vs USEP

Innovator U.S. Equity Ultra Buffer ETF

UJANBCboe

Innovator U.S. Equity Ultra Buffer ETF

USEPBCboe

Overlap

Expense ratio

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

UJAN0.79%USEP0.79%

Avg volume · 30D

USEP 1.3×the volume

UJAN35.2KUSEP46.7K

5Y return · a year

UJAN +0.1pt

UJAN+8.1%USEP+8.0%

UJAN vs USEP Performance

Oct 29, 2021 – Oct 30, 2026

+47.7%UJAN+47.3%USEP

Oct 29, 2021 to Oct 30, 2026. UJAN +47.7%. USEP +47.3%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
UJAN 0.79%
USEP 0.79%
Fund size
UJAN $250M
USEP $243M
1Y total return
UJAN +9.3%, better
USEP +7.5%
Yield (12M)
UJAN No data
USEP 0.00%
Holdings
UJAN 3
USEP 4
Avg volume (30D)
UJAN 35.2K sh
USEP 46.7K sh, better
NAV per share
UJAN $46.47
USEP $41.90
52W range

ETF.net Grade

UJAN: Cost 50, Risk 49, Mission not scored, Tradability 76, Holdings not scored, Durability 76. USEP: Cost 50, Risk 43, Mission not scored, Tradability 72, Holdings 59, Durability 66.
Pillar letters and Scores for UJAN, USEP, with each pillar’s weight
PillarUJANUSEP
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC49HigherC43
Tradability15% weightA76HigherA72
Holdings10% weightNot scoredB59
Durability5% weightA76HigherB66

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 USEP 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 USEP 2nd 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 2CUOCTInnovator U.S. Equity Ultra Buffer ETF OctoberScore 55
  4. Rank 2BUSEPInnovator U.S. Equity Ultra Buffer ETFScore 55
  5. Rank 5CUDECInnovator U.S. Equity Ultra Buffer ETF - DecemberScore 52

UJAN vs USEP 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 USEP 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

  • USEP 0.79%

    $15,174

$10,000
30 years

Cost over time

  • UJAN 0.79%
  • USEP 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 $15,174USEP $15,174

Year by year

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

Expense ratio

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

UJAN 2nd cheapest of 13 funds

USEP 2nd cheapest of 13 funds

UJAN vs USEP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UJAN No data
USEP 0.00%
Payout (12M)
UJAN None
USEP None

Distribution history

Per share, 2019, same scale for both

UJANAll UJAN payments⁠

No distribution history available.

USEP1 paymentAll USEP payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.16. Use the arrow keys to read each point.$0$0.102019

UJAN vs USEP Risk

Fall from peak · 5 years

  • UJAN
  • USEP
Oct 29, 2021 to Oct 30, 2026. Worst fall: USEP −11.8% · 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%, betterUSEP 6.0%
Return per unit of riskSharpe ratio, 3 years
UJAN 1.40, betterUSEP 1.36
Worst fallMax drawdown, 5 years
UJAN −9.0%, betterUSEP −11.8%
Market sensitivityBeta, 5 years
UJAN 0.44USEP 0.48

Popular comparisons

  • UJANBvsUJUNB

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

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUJUNB

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

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UJANBvsUOCTC

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF October

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUOCTC

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF October

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UJANBvsUDECC

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

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUDECC

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

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.