# KJAN (Innovator U.S. Small Cap Power Buffer ETF - Jan)

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

As of Sep 11, 2026, KJAN has reached its cap.

## Key facts

- KJAN, past the cap, price drift left: 4.8%, as of Sep 11, 2026.
- KJAN, fall before the buffer: 10.8%, as of Sep 11, 2026.
- KJAN, protection left, index points: 15.0%, as of Sep 11, 2026.
- KJAN, days to reset: 111, as of Sep 11, 2026.
- KJAN, net assets: $322m (issuer page, as of Sep 11, 2026).
- KJAN, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## KJAN over each window to Sep 11, 2026

| Window | Total return | IWM | Gap to IWM |
| --- | --- | --- | --- |
| 3 months | +2.3% | −1.1% | +3.5 pts |
| 6 months | +11.1% | +17.6% | −6.6 pts |
| 1 year | +14.9% | +21.2% | −6.3 pts |
| 3 years | +45.9% | +62.5% | −16.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | IWM | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Dec 31, 2025 to Dec 31, 2026 | ETFIQ |
| Starting cap | +17.3% | ETFIQ |
| IWM return since period start | +17.4% | ETFIQ |
| Fund return since period start | +11.4% | ETFIQ |
| Net assets | $322m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 4.8% | issuer, fund price |
| Fall before buffer | 10.8% | issuer, fund price |
| Fall to the buffer in index terms | 14.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 111 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can KJAN still gain?

Nothing more in index terms on Sep 11, 2026. IWM has already passed the cap of +17.3% for this period, which runs from Dec 31, 2025 to Dec 31, 2026.

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

10.8% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms IWM can fall 14.8% from that level before the buffer begins. Losses until that point are the holder's.

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

15.0% of the 15.0% buffer sat below the IWM level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does KJAN 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 KJAN cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

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

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