# BJAN (Innovator U.S. Equity Buffer ETF - Jan)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, BJAN sits between its buffer and its cap, with SPY up 12.1% since the period began.

## Key facts

- BJAN, can still gain: 5.7%, as of Sep 11, 2026.
- BJAN, fall before the buffer: 9.4%, as of Sep 11, 2026.
- BJAN, protection left, index points: 9.0%, as of Sep 11, 2026.
- BJAN, days to reset: 111, as of Sep 11, 2026.
- BJAN, net assets: $348m (issuer page, as of Sep 11, 2026).
- BJAN, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## BJAN over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +3.3% | +3.3% | 0.0 pts |
| 6 months | +11.8% | +16.0% | −4.2 pts |
| 1 year | +14.9% | +17.5% | −2.6 pts |
| 3 years | +58.8% | +77.9% | −19.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 9% | ETFIQ |
| Outcome period | Dec 31, 2025 to Dec 31, 2026 | ETFIQ |
| Starting cap | +16.5% | ETFIQ |
| SPY return since period start | +12.1% | ETFIQ |
| Fund return since period start | +9.7% | ETFIQ |
| Net assets | $348m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 5.7% | issuer, fund price |
| Fall before buffer | 9.4% | issuer, fund price |
| Fall to the buffer in index terms | 10.8% | ETFIQ |
| Protection left in index points | 9.0% of 9.0% | ETFIQ |
| Days left in period | 111 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can BJAN still gain?

About 5.7% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +16.5%.

### How far can BJAN fall before the buffer helps?

9.4% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the BJAN buffer is left?

9.0% of the 9.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does BJAN reset?

The outcome period ends on Dec 31, 2026, 111 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does BJAN cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, BJAN, data as of Sep 11, 2026. https://etfiq.com/funds/bjan
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/bjan  ·  JSON: https://etfiq.com/funds/bjan.json