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ETFs

Innovator Double Stacker ETF - January

DSJA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 04 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$7,307
AUM
$2,149,500
Associated Index
SPDR S&P 500 ETF Trust, Invesco QQQ Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 12/29/2023 3.87 C
93.11%
n/a
QQQ 12/29/2023 266.3 C
30.25%
n/a
Cash & Other
0.83%
n/a
SPY 12/29/2023 429.66 C
-3.77%
n/a
QQQ 12/29/2023 299.17 C
-20.42%
Invest with DSJA

What is DSJA?

The Innovator Double Stacker ETF seeks to provide double upside exposures of 100% SPY + 100% QQQ, to a cap, and downside exposure to SPY only over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

ETFs related toDSJA

ETFs correlated to DSJA include DECZ, PJAN, SPUU

DSJA
Innovator ETFs Trust - Innovator Double Stacker ETF - January
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
POCT
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - October
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDSJA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DSJA using Composer

FAQ

DSJA is a US Equities ETF. The Innovator Double Stacker ETF seeks to provide double upside exposures of 100% SPY + 100% QQQ, to a cap, and downside exposure to SPY only over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

DSJA tracks the SPDR S&P 500 ETF Trust, Invesco QQQ Trust.

No, DSJA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DSJA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DSJA is 0.0021%. This is the percent change in the value of DSJA over the most recent 1-month period. The 3-month return on DSJA is 0.0205%. This is the percent change in the value of DSJA over the most recent 3-month period.

The standard deviation of DSJA for the past year is 0.1523%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DSJA include DBOC, DSOC, and DBJA.

ETFs correlated to DSJA include DECZ, PJAN, and SPUU.

ETFs that are inversely correlated to DSJA include SPXU, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.