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ETFs

Innovator U.S. Equity Power Buffer ETF - January

PJAN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 02 2019
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$1,412,581
AUM
$669,886,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SPY 12/29/2023 3.82 C
98.19%
n/a
SPY 12/29/2023 382.43 P
5.33%
n/a
Cash & Other
0.20%
n/a
SPY 12/29/2023 454.48 C
-1.50%
n/a
SPY 12/29/2023 325.07 P
-2.23%
Invest with PJAN

What is PJAN?

The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toPJAN

ETFs correlated to PJAN include FOCT, PNOV, FDEC

PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
FOCT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -October
PNOV
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - November
FDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - December
BOCT
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - October
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares

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 toPJAN

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

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Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PJAN using Composer

FAQ

PJAN is a US Equities ETF. The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

PJAN tracks the S&P 500 Index.

No, PJAN 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, PJAN 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 PJAN is 0.0012%. This is the percent change in the value of PJAN over the most recent 1-month period. The 3-month return on PJAN is 0.0291%. This is the percent change in the value of PJAN over the most recent 3-month period.

The standard deviation of PJAN for the past year is 0.1335%. 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 PJAN include UMAR, BMAR, and PDEC.

ETFs correlated to PJAN include FOCT, PNOV, and FDEC.

ETFs that are inversely correlated to PJAN include SPDN, SDS, and SH.

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.