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PJAN ETF — Innovator U.S. Equity Power Buffer ETF - January
Innovator U.S. Equity Power Buffer ETF - January (PJAN)
Updated October 16, 2026.
PJAN is an ETF that tracks the S&P 500 (via SPY). its expense ratio is 0.79%. Total return is 101.2% over the past 7.8 years, 140.7 points behind SPY at 241.9%.
Innovator U.S. Equity Power Buffer ETF - January tracks the S&P 500 through SPY while incorporating a structured outcome strategy that caps upside returns but provides a 15% downside buffer against losses over a one-year period (February 1 to January 31). The fund carries a 0.79% expense ratio and does not make distributions. This ETF appeals to investors seeking exposure to large-cap U.S. equities with built-in downside protection, rather than those focused on generating current income.
PJAN holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: SPY (physical holdings below may be collateral and options, not the reference asset itself).
PJAN performance versus SPY
Price and return data through 2026-10-16.
Total return is 101.2% over the past 7.8 years, 140.7 points behind SPY at 241.9%. Over the past year its total return — price change plus distributions reinvested — is 11.6%. Its deepest 1-year drawdown was 4.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.0% | — |
| 3M | 2.1% | — |
| 6M | 5.9% | — |
| YTD | 8.2% | — |
| 1Y | 11.6% | — |
| 2Y CAGR | — | 10.80% |
| 3Y CAGR | — | 12.90% |
| 5Y CAGR | — | 9.10% |
| Since inception (7.8 years) | 101.2% | 9.40% |
PJAN key facts
- Issuer
- Innovator ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 01/02/2019
- Expense ratio
- 0.79%
- Distribution frequency
- None
- Last close
- $50.87 (as of 2026-10-16)
- AUM
- $1,427,714,895
- Average volume
- 35930.0
- Beta
- 0.48
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.
PJAN risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.6%.
Who may consider PJAN — and who may not
It is a weaker fit for investors who need monthly cash flow (PJAN 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 PJAN
Frequently asked questions
Does PJAN pay monthly?
No. PJAN does not currently distribute.
What index does PJAN track?
PJAN tracks the S&P 500 (via SPY).
What is PJAN's expense ratio?
PJAN's expense ratio is 0.79%.
When does PJAN pay a dividend?
PJAN does not currently distribute.
How has PJAN performed?
Total return is 101.2% over the past 7.8 years, 140.7 points behind SPY at 241.9%. Over the past year its total return — price change plus distributions reinvested — is 11.6%. Its deepest 1-year drawdown was 4.6%.
More securities from Innovator ETFs.
Tickers
Holdings as-of date unavailable.
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