InnovatorDefined OutcomeBuffer#131 of 318 by YTD

Innovator U.S. Equity Power Buffer ETFPJAN

S&P 500 Bucket avg Compare

$50.77+1.3%

+$0.67 · Nov 9 close

Buy

AUM: $1.4B
Fee: 0.79%
Yield: 0.0%

Bumpy · 1Y: 0.5×S&P
Volume: 17K
NAV: $50.14

52-week range1% below the high

$45.23$51.29

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+1.3%	+0.2%	−0.8%	+0.8%	+8.0%	+10.5%	+44.7%	+53.5%	+100.8%
Peer average	+1.4%	+0.1%	+95.4%	+99.8%	+7.6%	+9.6%	+45.4%	+51.7%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

PJAN in One Breath

PJAN Among Buffer ETFs

YTD

#1QMARFirst Trust+13.8%$603M

#2BAPRInnovator+13.8%$408M

#3KAPRInnovator+13.7%$173M

#4KFEBInnovator+13.6%$37.9M

#5KOCTInnovator+13.4%$169M

#6PQAPPGIM+13.3%$31.6M

#7FMARFirst Trust+13.0%$1.2B

#8APRTAllianzIM+12.9%$46.5M

#123PJANInnovator+8.0%$1.4B

End-of-day Nov 9, 2026 · 289 Buffer ETFs by YTD

$10,000 in PJAN

$10,000 in PJAN became

$15,352

In the S&P 500 (VOO)

$17,543

Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO

PJAN Returns by Period

Today

YTD

MAX

PJAN

+1.3%

−0.8%

+0.8%

+8.0%

+10.5%

+44.7%

+53.5%

+100.8%

Peer average

+1.4%

+95.4%

+99.8%

+7.6%

+9.6%

+45.4%

+51.7%

—

S&P 500 · VOO

+2.3%

−3.3%

−2.1%

+11.3%

+13.6%

+81.6%

+75.4%

—

End-of-day Nov 9, 2026 · total return, dividends in · peers = 374 Buffer ETFs

PJAN’s Defined Outcome Rank

YTD

#131of 318
defined outcome ETFs

Best · SIXH+16.7%

PJAN+8.0%

Average+7.4%

Worst · KBUF−17.4%

Defined Outcome ETFs by YTD return · Nov 9, 2026

PJAN Price and 52-Week Range

From the 52-week high

−1.0%

From the 52-week low

+12.2%

Today $50.44 – $50.84

Previous close $50.10

$50.77 now

52-week low$45.2352-week high$51.29

End-of-day Nov 9, 2026 · box = today’s range, dashed = previous close

PJAN’s Share of Buffer ETFs

Today

1.6%

of the $85.6B in 375 Buffer ETFs

PJAN$1.4B1.6%

BUFR$10.8B12.6%

BUFD$2.2B2.6%

372 others$71.2B83.2%

Buffer ETF AUM · Nov 9, 2026

PJAN Fee per $100 vs Peers

Today

$0.79a year
per $100

$79 a year on $10,000

BUFR$0.10

BUFD$0.10

BUFQ$0.10

PJAN$0.79

FJAN$0.85

FMAY$0.85

Expense ratio · Buffer peers · Nov 9, 2026

Inside PJAN

6 holdings

PJAN

Innovator U.S. Equity Power Buffer ETF

Today

PJAN reports no holdings we can show: […]

Innovator PJAN · holdings

How It Compares

PJAN

Innovator U.S. Equity Power Buffer ETF’s Peers

YTD


BUFR	First TrustRead Desk	0.10%	+8.9%	+11.2%	$10.8B
BUFD	First TrustRead Desk	0.10%	+7.4%	+9.3%	$2.2B
BUFQ	First TrustRead Desk	0.10%	+8.4%	+10.8%	$1.6B
FJAN	First TrustRead Desk	0.85%	+8.9%	+11.8%	$1.5B
FMAY	First TrustRead Desk	0.85%	+6.5%	+8.7%	$1.5B
PJAN	InnovatorThis fundRead Desk	0.79%	+8.0%	+10.5%	$1.4B

Buffer peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put PJAN head to head with BUFR →

BUFR vs PJAN

YTD

BUFRFirst Trust · BufferPJANInnovator · Buffer

Year to date

+8.9%

+8.0%

BUFR wins+0.9 pts

Past year

+11.2%

+10.5%

BUFR wins+0.8 pts

Fee

0.10%

0.79%

BUFR winslower fee

Yield

0.0%

Level

AUM

$10.8B

$1.4B

BUFR7.8× more

3–0BUFR wins

First Trust BUFR and Innovator PJAN · year-to-date · as of Nov 10, 2026 · AUM not scored

PJAN vs VOO

YTD

PJAN · Innovator U.S. Equity Power Buffer

+8.0%

VOO · S&P 500

+11.3%

Gap

3.3 pts

Innovator PJAN and Vanguard VOO · YTD total return · as of Nov 10, 2026

PJAN vs Its Peer Average

YTD

PJANAvsBPeer average

1D+1.3%+1.4%

1M−0.8%+95.4%

3M+0.8%+99.8%

YTD+8.0%+7.6%

1Y+10.5%+9.6%

3Y+44.7%+45.4%

5Y+53.5%+51.7%

3–4Peer average wins

374 Buffer peers · each row scaled to its leader

How Bumpy Is PJAN?

View

PJAN

How Bumpy

0.5×the S&P 500’s swings

CalmerBumpierS&P 1×PJAN

Calm rank among 7 buffer funds#2

Other buffer funds0.4× to 0.8×

Innovator PJAN · daily swings over the past year vs the S&P 500

PJAN

Worst Drop

−4.6%from its Jan 28 high

Still below the high−0.8%

$10,000 at the high is now$9,920

Innovator PJAN · fall from the highest close, past year

PJAN

On a Bad Day

0.4×the S&P 500’s fall

PJAN’s worst day: Thursday, Nov 5

PJAN

−2.2%

S&P 500

−4.4%

Up days58 of every 100

S&P 500 up days52 of every 100

Innovator PJAN · average move on days the S&P 500 fell

PJAN

Return for the Bumps

1Y#1 of 7 buffer funds

#1PJANInnovator

most for the bumps

#2BUFRFirst Trust

#3FJANFirst Trust

#4BUFDFirst Trust

calmest ride

#5FAUGFirst Trust

#6BUFQFirst Trust

#7FMAYFirst Trust

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

PJAN

Cost

Today

$79a year per $10,000

BUFR

$10

BUFD

$10

BUFQ

$10

PJAN

$79

FJAN

$85

FMAY

$85

FAUG

$85

Expense ratio 0.79%, taken from the fund’s value

PJAN

Volatility & Beta

6.4%annual volatility

S&P 500 volatility13.7%

Downside volatility4.4%

Beta vs SPY0.44

Correlation vs SPY0.94

Beta rank, lowest first, of 7#2

Daily total returns × √252 · past 254 trading days

PJAN

Max Drawdown

−4.6%peak to trough

Peak closeJan 28, 2026

Current drawdown−0.8%

Worst day−2.17% · Nov 5

Closing prices, dividends in

PJAN

Up / Down Capture

38%down capture vs SPY

Down days

38%

Up days

44%

S&P 500

100%

Up ÷ down capture1.15

Up days57.9% (S&P 52.4%)

Average daily move on SPY up days and down days

PJAN

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
PJAN	1.01	1.45	6.4%	−4.6%	0.44	$79
BUFR	0.96	1.36	7.5%	−4.6%	0.54	$10
FJAN	0.95	1.37	8.2%	−5.9%	0.58	$85
BUFD	0.89	1.29	5.9%	−3.4%	0.41	$10
FAUG	0.74	1.04	8.0%	−5.3%	0.55	$85
BUFQ	0.61	0.85	10.8%	−8.2%	0.72	$10
FMAY	0.58	0.81	8.1%	−4.2%	0.56	$85

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

PJAN

Trading

Today

+1.26%above its holdings’ value

Close$50.77

NAV$50.14

Fee per $10,000$79 a year

Avg. volume 30D39K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

PJAN

Fund Facts

Today

2019launched Jan 2

Tracks[…]

Exchange · CUSIPCBOE · 45782C508

StructureETF

Leverage1x

Cost on $10,000$79 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Innovator PJAN · fund facts · as of Nov 10, 2026

PJAN

Payouts by Year

Today

$0no payouts on record

PJAN does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

Innovator PJAN · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.

Trading & Liquidity

Net asset value$50.14

Premium / discount[…]

Median spread · 30D[…]

Volume today17K

Average volume · 30D39K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.79%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$79.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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