Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWM vs KJAN: how they differ
IWM and KJAN are measured over different days, and IWM charges 0.19% against 0.79%.
iShares Russell 2000 ETF and Innovator U.S. Small Cap Power Buffer ETF - Jan.
| IWM iShares Russell 2000 ETF | KJAN Innovator U.S. Small Cap Power Buffer ETF - Jan | |
|---|---|---|
| Where it sits | Core index fund | Buffer ETF |
| Issuer | iShares | Innovator |
| What it is | Russell 2000 | Defined outcome, 15% on IWM |
| Total return, 1 year | +21.2% | not published |
| S&P 500 over the same days | +17.5% | not published |
| Gap to the S&P 500 | +3.7 pts | not available |
| Expense ratio | 0.19% | 0.79% |
| Holdings | 2014 | not filed |
IWM in plain words
IWM is an index equity fund tracking the Russell 2000. Over the year to Sep 11, 2026 it returned +21.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.19% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2014 positions, with the top ten at 3.4%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.
KJAN in plain words
IWM had already risen past this fund's cap of +17.3% for the period on Sep 12, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.8% as the period runs out. The fund's price can fall 10.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IWM can fall 14.8% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's IWM level. 111 days remained on Sep 12, 2026. On Dec 31, 2026 the period ends and a new cap is set.
Questions people ask
- Which is cheaper, IWM or KJAN?
- IWM charges 0.19% a year and KJAN charges 0.79%, so IWM is cheaper. Fees come from each fund's prospectus.
- Are IWM and KJAN the same kind of fund?
- No. IWM is an index ETF and KJAN is a buffer ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IWM against KJAN, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWM-KJAN Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources