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IJAN
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Innovator MSCI EAFE Power Buffer ETF January (IJAN)

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$34.72
Last Close (24-hour delay)
Profit since last BUY3.27%
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Upturn Advisory Summary

08/14/2025: IJAN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit -3.58%
Avg. Invested days 45
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta 0.56
52 Weeks Range 29.27 - 34.26
Updated Date 06/30/2025
52 Weeks Range 29.27 - 34.26
Updated Date 06/30/2025

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Innovator MSCI EAFE Power Buffer ETF January

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ETF Overview

overview logo Overview

The Innovator MSCI EAFE Power Buffer ETF January (IJAE) seeks to provide specific buffered downside protection while forgoing unlimited upside. It targets exposure to the MSCI EAFE Index, which represents large- and mid-cap equities across developed markets excluding the US and Canada. The fund uses a defined outcome strategy, utilizing Flex Options to achieve a buffer against losses over a one-year period.

reliability logo Reputation and Reliability

Innovator Capital Management is known for its defined outcome ETFs, focusing on risk-managed investment strategies.

reliability logo Management Expertise

The management team possesses experience in structured products and options strategies, crucial for implementing defined outcome strategies.

Investment Objective

overview logo Goal

To provide investors with a buffered exposure to the MSCI EAFE Index over a one-year period, protecting against a specified level of downside risk while limiting upside potential.

Investment Approach and Strategy

Strategy: The ETF employs a defined outcome strategy using Flex Options on the MSCI EAFE Index. It does not directly track the index but aims to replicate its performance within defined parameters.

Composition The ETF primarily holds Flex Options. The underlying is the MSCI EAFE Index.

Market Position

Market Share: IJAE's market share within the defined outcome ETF space, focusing on international equity exposure, is moderate.

Total Net Assets (AUM): 49455322.84

Competitors

overview logo Key Competitors

  • Innovator MSCI EAFE Power Buffer ETF - October (IEOB)
  • Innovator MSCI EAFE Power Buffer ETF - April (IAEA)
  • Simplify Tail Risk Strategy ETF (CYA)

Competitive Landscape

The defined outcome ETF market is moderately competitive. IJAE's advantage lies in its specific January expiration and focus on the MSCI EAFE. Disadvantages include limited upside and the costs associated with options strategies. CYA seeks protection by purchasing options on the S&P 500, MSCI EAFE, and Nasdaq 100.

Financial Performance

Historical Performance: Historical performance depends on the one-year outcome period. Data on total return, average annual return is only reliable with a full cycle.

Benchmark Comparison: The ETF's performance is compared to the MSCI EAFE Index, considering the buffer and cap. This means it will lag in strong bull markets and outperform in bear markets.

Expense Ratio: 0.79

Liquidity

Average Trading Volume

The average daily trading volume of IJAE provides sufficient liquidity for most investors.

Bid-Ask Spread

The bid-ask spread reflects the cost of trading and is moderate, varying with market conditions and volume.

Market Dynamics

Market Environment Factors

Economic conditions in developed markets (excluding the US and Canada), currency fluctuations, and global equity market sentiment affect IJAE.

Growth Trajectory

Growth depends on investor demand for defined outcome products and the ETF's ability to deliver the promised buffer. There are no changes in strategy, though options strategies are reevaluated with each refresh.

Moat and Competitive Advantages

Competitive Edge

IJAE's competitive edge is its defined outcome strategy offering downside protection and a known upside cap. This appeals to risk-averse investors seeking to participate in international equities. The use of Flex Options allows for a customizable risk profile and clearly defined investment outcomes, setting it apart from traditional index-tracking ETFs. The January expiration is designed for investors who wish to reallocate funds at the beginning of each year.

Risk Analysis

Volatility

IJAE's volatility is lower than the MSCI EAFE Index due to the downside buffer, but it also participates less in upside.

Market Risk

Market risk is tied to the performance of developed market equities. The buffer only protects against losses within the defined range; losses beyond this range are not buffered. Changes in implied volatility impact premiums paid.

Investor Profile

Ideal Investor Profile

Ideal investors are risk-averse, seeking international equity exposure with a focus on downside protection and are aware of the capped upside.

Market Risk

IJAE is suitable for long-term investors seeking to manage risk and participate in the international equity market with a defined outcome.

Summary

Innovator MSCI EAFE Power Buffer ETF January (IJAE) offers a defined outcome strategy, providing a buffer against downside risk in the MSCI EAFE Index. It utilizes Flex Options to achieve its investment objective, limiting upside potential. It is suitable for risk-averse investors seeking international equity exposure with a degree of downside protection. While it forgoes unlimited upside, it is a tool to mitigate market volatility with the understanding it will outperform in a down market and underperform in a strong bull market.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Innovator ETFs
  • ETF.com
  • Morningstar

Disclaimers:

This data is for informational purposes only and should not be considered investment advice. Performance data is not indicative of future results. Consult with a financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Innovator MSCI EAFE Power Buffer ETF January

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund invests at least 80% of its net assets in FLexible EXchange® Options (FLEX Options) that reference the iShares MSCI EAFE ETF (the Underlying ETF). FLEX Options are exchange-traded options contracts with uniquely customizable terms. The Underlying ETF is an exchange-traded fund which seeks to track a quarterly reviewed index designed to represent the performance of large and mid-cap securities across 21 developed markets. It is non-diversified.