IJANInnovator International Developed Power Buffer ETF - January
Seeks to provide returns that match the Underlying ETF return, up to 13.79%, while providing a buffer against the first 15% of Underlying ETF losses.
By Innovator ETFs · Launched 2019
0.85%
#4,336 of 5,562 · expensive
$264M
#2,074 of 5,562 · mid-size
+13.4%
6 years
#2,037 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 5 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide returns that match the Underlying ETF return, up to 13.79%, while providing a buffer against the first 15% of Underlying ETF losses.
- Strategy
- Invests primarily in FLEX Options referencing the iShares MSCI EAFE ETF, aiming to replicate its performance while providing a 15% buffer against losses during the Outcome Period. The Fund caps returns at 13.79% before fees, with a net cap of 12.94% after accounting for management fees. Shareholders bear losses exceeding 15% on a one-to-one basis. The strategy is designed to deliver these outcomes based on the Underlying ETF's performance over the specified period.
- Inception date
- December 31, 2019
- Fund family
- Innovator ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-06-19