NJANInnovator Growth-100 Power Buffer ETF - January
The fund invests at least 80% of its net assets in FLexible Exchange® Options ("FLEX Options") that reference the Invesco QQQ TrustSM, Series 1 (the "Underlying ETF"). FLEX Options are exchange-traded options contracts with uniquely customizable terms. In general, an option contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a specified future date at an agreed upon price. It is non-diversified.
Innovator ETFs · Since 2019 (6 years)
0.79%
#3848 out of 5,332 ETFs
$349M
#1704 out of 5,332 ETFs
0.00%
6 years
#2075 out of 5,332 ETFs
Performance
1 Year
+22.7%
3 Years
+14.9%
5 Years
+7.6%
What's inside
Asset allocation
Risk profile
7.6%
Moderate
-20.7%
Worst peak-to-trough loss
1.17
Excellent risk-adjusted returns
1.76
Good downside protection
Similar ETFs
Our 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
Data updated on 2026-05-05