AJUL ETF — Innovator Equity Defined Protection ETF - 2 Yr to July 2026

Innovator Equity Defined Protection ETF - 2 Yr to July 2026 (AJUL)

Updated October 16, 2026.

AJUL is an ETF that tracks the S&P 500 (via SPY). its expense ratio is 0.79%. Total return is 17.4% over the past 2.3 years, 26.2 points behind SPY at 43.6%.

Innovator Equity Defined Protection ETF - 2 Yr to July 2026 is an actively managed fund that provides exposure to the S&P 500 through SPY while incorporating a defined-outcome structure: it aims to capture price gains up to a capped level set at the outset, while providing complete downside protection against losses over its two-year outcome period ending June 30, 2026. The fund does not currently distribute income and carries an expense ratio of 0.79%. It appeals to investors seeking S&P 500 exposure with built-in downside protection, particularly those with a defined investment horizon aligned to the fund's outcome date.

AJUL performance versus SPY

Price and return data through 2026-10-16.

Total return is 17.4% over the past 2.3 years, 26.2 points behind SPY at 43.6%. Over the past year its total return — price change plus distributions reinvested — is 6.2%. Its deepest 1-year drawdown was 2.2%.

AJUL key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/01/2024

Expense ratio

0.79%

Distribution frequency

None

Last close

$30.33 (as of 2026-10-16)

AUM

$98,020,577

Average volume

233.0

Beta

0.2316

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Innovator ETFs or company page; Index: S&P 500 (via SPY); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AJUL risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.2%.

Who may consider AJUL — and who may not

It is a weaker fit for investors who need monthly cash flow (AJUL does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on AJUL

• All tickers starting with A

Tagged: Downside Protection, Hedged, Options, S&P500.

Frequently asked questions

More securities from Innovator ETFs.