Data as of . Every figure is the buffer desk's own, on published data.
PSEP vs UJAN
Innovator U.S. Equity Power Buffer ETF - Sep and Innovator U.S. Equity Ultra Buffer ETF - Jan, side by side on the buffer desk.
Open the live comparison on ETFIQ| PSEP Innovator U.S. Equity Power Buffer ETF - Sep | UJAN Innovator U.S. Equity Ultra Buffer ETF - Jan | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Aug 31, 2026 to Aug 31, 2027 | Dec 31, 2025 to Dec 31, 2026 |
| Days left | 361 | 118 |
| Starting cap | +15.0% | +11.4% |
| Can still gain | 14.7% | 3.4% |
| Fall before buffer | 0.3% | 11.9% |
| Protection left, index points | 15.0% of 15.0% | 30.0% of 30.0% |
| Index return this period | +0.4% | +12.9% |
| Fund return this period | +0.3% | +7.2% |
| State today | Open | At cap |
| Expense ratio | 0.79% | 0.79% |
PSEP in plain words
From its price on Sep 4, 2026, the fund can gain about 14.7% more before it reaches its cap. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.4% 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 SPY level. 361 days remained on Sep 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
UJAN in plain words
SPY had already risen past this fund's cap of +11.4% for the period on Sep 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.4% as the period runs out. The fund's price can fall 11.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 15.9% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level. 118 days remained on Sep 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, PSEP or UJAN?
- From their prices on Sep 4, 2026, PSEP can gain about 14.7% before its cap and UJAN about 3.4%, so PSEP has more room left this period.
- Which resets first, PSEP or UJAN?
- PSEP ends its outcome period on Aug 31, 2027 and UJAN on Dec 31, 2026. A new cap is set the day after each.
- Which is cheaper, PSEP or UJAN?
- PSEP charges 0.79% a year and UJAN charges 0.79%, so PSEP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, PSEP against UJAN, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/PSEP-UJAN.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources