Which has more room to gain, BJAN or EALT?

From their prices on Oct 1, 2026, BJAN can gain about 5.3% before its cap and EALT about 7.0%, so EALT has more room left this period.

Which resets first, BJAN or EALT?

BJAN ends its outcome period on Dec 31, 2026 and EALT on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, BJAN or EALT?

BJAN charges 0.79% a year and EALT charges 0.69%, so EALT is cheaper. Fees come from each fund's prospectus.

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BJAN vs EALT: which one stands where?

As of Oct 1, 2026 BJAN can fall 9.6% before its buffer engages and EALT 5.0%. Innovator U.S. Equity Buffer ETF - Jan and Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly.

9.6%

BJAN can fall this far before its buffer

5.0%

EALT can fall this far before its buffer

5.3%

BJAN can still gain

7.0%

EALT can still gain

BJANBetween buffer and cap

BJAN: reference +11.8% since period start, fund +9.9%; buffer 0 to −9; cap +16.5%; Between buffer and cap.

EALTBetween buffer and cap

EALT: reference 0.0% since period start, fund 0.0%; buffer −5 to −15; cap +7.0%; Between buffer and cap.

ETFIQ Downside Cover Score · EALT scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

BJAN 16.2

EALT 34.3

0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

BJAN resets first, on Dec 31, 2026, 92 days from now; EALT runs to Dec 31, 2026, 92 days. BJAN can still gain 5.3% before its cap, EALT 7.0%. A fall from here reaches BJAN’s buffer after 9.6% and EALT’s after 5.0%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	BJAN	EALT	BJAN	EALT
3 months	+2.9%	+2.1%	+0.4 pts	−0.4 pts
6 months	+12.6%	+8.3%	−4.4 pts	−8.7 pts
1 year	+14.2%	+5.8%	−1.5 pts	−9.9 pts
3 years	+64.7%	not published	−20.2 pts	not published

BJAN and EALT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BJAN

Innovator U.S. Equity Buffer ETF - Jan · Absorbs the first 9% of loss on SPY and caps the gain at 16.5%, over a period ending Dec 31, 2026

EALT

Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly · Absorbs losses from 5.0% to 15.0% on SPY and caps the gain at 7.0%, over a period ending Dec 31, 2026

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 5% to 15%

Outcome period Dec 31, 2025 to Dec 31, 2026 Sep 30, 2026 to Dec 31, 2026

Days left 92 92

Starting cap +16.5% +7.0%

Can still gain 5.3% 7.0%

Fall before buffer 9.6% 5.0%

Protection left, index points 9.0% of 9.0% 10.0% of 10.0%

Index return this period +11.8% 0.0%

Fund return this period +9.9% 0.0%

State today Open Open

Expense ratio 0.79% 0.69%

Net assets $349m $181m

BJAN and EALT on the same fields, as of Oct 1, 2026. Source: ETFIQ.

BJAN in plain words

From its price on Oct 1, 2026, the fund can gain about 5.3% more before it reaches its cap. The fund's price can fall 9.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.6% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

EALT in plain words

From its price on Oct 1, 2026, the fund can gain about 7.0% more before it reaches its cap. The fund's price can fall 5.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 5.0% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJAN or EALT?: From their prices on Oct 1, 2026, BJAN can gain about 5.3% before its cap and EALT about 7.0%, so EALT has more room left this period.
Which resets first, BJAN or EALT?: BJAN ends its outcome period on Dec 31, 2026 and EALT on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, BJAN or EALT?: BJAN charges 0.79% a year and EALT charges 0.69%, so EALT is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJAN vs DOCT BJAN vs FAPR BJAN vs FDEC BJAN vs FJAN EALT vs XSEP EALT vs ZOCT EALT vs BOCT EALT vs CPSD

SPY →BJAN on its own →EALT on its own →How every figure is computed →Standards and sources →

Where these figures came from

BJAN and EALT filings on SEC EDGAR ↗Innovator page for BJAN ↗Innovator page for EALT ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BJAN against EALT, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/bjan-vs-ealt

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.