BJAN ETF — Innovator U.S. Equity Buffer ETF - January

Innovator U.S. Equity Buffer ETF - January (BJAN)

Updated October 16, 2026.

BJAN is an ETF. its expense ratio is 0.79%. Total return is 151.7% over the past 7.8 years, 90.2 points behind SPY at 241.9%.

Innovator U.S. Equity Buffer ETF - January is an ETF that invests at least 80% of its net assets in customizable exchange-traded options on the SPDR S&P 500 ETF Trust, designed to provide exposure to large-cap U.S. equities with downside protection through a structured options strategy. The fund does not currently distribute income, though it recently made a special distribution that may not recur; it carries an expense ratio of 0.79%. This ETF may appeal to investors seeking equity market exposure combined with downside protection mechanisms, rather than those seeking regular income.

BJAN performance versus SPY

Price and return data through 2026-10-16.

Total return is 151.7% over the past 7.8 years, 90.2 points behind SPY at 241.9%. Over the past year its total return — price change plus distributions reinvested — is 15.1%. Its deepest 1-year drawdown was 6.3%.

BJAN key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

12/31/2018

Expense ratio

0.79%

Distribution frequency

None

Last close

$60.66 (as of 2026-10-16)

AUM

$351,068,104

Average volume

8790.0

Ex-dividend date

11/19/2019

Payment date

11/21/2019

Beta

0.66

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; 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.

BJAN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.3%.

Who may consider BJAN — and who may not

It is a weaker fit for investors who need monthly cash flow (BJAN 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 BJAN

• All tickers starting with B

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

Frequently asked questions

More securities from Innovator ETFs.