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EJULInnovator Emerging Markets Power Buffer ETF - July

Grow my money6y track recordRanked #1,830 of 2,960 in this goal

Seeks to match returns of the Underlying ETF up to 13.86% while providing a 15% buffer against losses.

By Innovator ETFs · Launched 2019

Annual Cost

0.89%

#4,486 of 5,562 · expensive

Fund Size

$140M

#2,624 of 5,562 · mid-size

Return (1Y)Goal

+16.4%

Track Record

6 years

#1,930 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,678+16.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

MSCI Emerging Markets Index

What it actually holds

By weight

Asset allocation

Stocks
79.4%
Cash
20.6%
Preferred
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.8%Low

Year-on-year price swings

Max drawdown
-21.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.70Decent risk-adjusted returns
Sortino (3Y)
1.03Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to match returns of the Underlying ETF up to 13.86% while providing a 15% buffer against losses.
Strategy
Invests primarily in instruments providing exposure to the iShares MSCI Emerging Markets ETF. Designed to deliver specific outcomes based on the fund's unique mechanics, balancing upside potential with downside protection.
Inception date
June 28, 2019
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20