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Innovator MSCI EAFE Power Buffer ETF January (IJAN)



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Upturn Advisory Summary
08/14/2025: IJAN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
Innovator MSCI EAFE Power Buffer ETF January
ETF Overview
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.
Reputation and Reliability
Innovator Capital Management is known for its defined outcome ETFs, focusing on risk-managed investment strategies.
Management Expertise
The management team possesses experience in structured products and options strategies, crucial for implementing defined outcome strategies.
Investment Objective
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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