Data as of . Every figure is the buffer desk's own, on published data.
UAPR vs UJAN
Innovator U.S. Equity Ultra Buffer ETF - Apr and Innovator U.S. Equity Ultra Buffer ETF - Jan, side by side on the buffer desk.
Open the live comparison on ETFIQ| UAPR Innovator U.S. Equity Ultra Buffer ETF - Apr | UJAN Innovator U.S. Equity Ultra Buffer ETF - Jan | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Mar 31, 2026 to Mar 31, 2027 | Dec 31, 2025 to Dec 31, 2026 |
| Days left | 208 | 118 |
| Starting cap | +13.0% | +11.4% |
| Can still gain | 4.7% | 3.4% |
| Fall before buffer | 12.0% | 11.9% |
| Protection left, index points | 30.0% of 30.0% | 30.0% of 30.0% |
| Index return this period | +18.4% | +12.9% |
| Fund return this period | +7.6% | +7.2% |
| State today | At cap | At cap |
| Expense ratio | 0.79% | 0.79% |
UAPR in plain words
SPY had already risen past this fund's cap of +13.0% 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 4.7% as the period runs out. The fund's price can fall 12.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 19.8% 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. 208 days remained on Sep 4, 2026. On Mar 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, UAPR or UJAN?
- From their prices on Sep 4, 2026, UAPR can gain about 4.7% before its cap and UJAN about 3.4%, so UAPR has more room left this period.
- Which resets first, UAPR or UJAN?
- UAPR ends its outcome period on Mar 31, 2027 and UJAN on Dec 31, 2026. A new cap is set the day after each.
- Which is cheaper, UAPR or UJAN?
- UAPR charges 0.79% a year and UJAN charges 0.79%, so UAPR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, UAPR against UJAN, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/UAPR-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