Innovator S&P 500 Buffer - January (BJAN) Performance
BJAN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.9% since Dec 31, 2025
- 1 year
- +13.3% total return
- 5 years
- +10.4% a year
- Since first price
- +12.5% a year since 2019
BJAN trailing returns vs SPY, QQQ, AGG
| Period | BJAN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.5% | +6.5% | +7.8% | +8.4% | −1.5% |
| YTD | +9.9% | +9.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.3% | +13.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.0%+18.6%/yr | +67.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +64.3%+10.4%/yr | +64.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 2, 2019 | +150.9%+12.5%/yr | +139.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BJAN vs SPY
From Jan 2, 2019: BJAN grew to $25,092, SPY to $34,041.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BJAN returns by calendar year
5 of 6 full years positive. Best 2023 (+23.7%), worst 2022 (−11.4%). 2026 is year to date.
BJAN annual returns table
| Year | BJAN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.9% | −6.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.8% | −13.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.4% | −4.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.7% | −8.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.4% | −17.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +13.9% | −2.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.5% | −26.9% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BJAN largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −26.9% | Mar 23, 2020 | Aug 10, 2020 | 33 days | 6 months |
| Jan 4, 2022 | −17.4% | Oct 12, 2022 | Jun 30, 2023 | 9 months | 1.5 years |
| Feb 19, 2025 | −13.8% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BJAN risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +18.1% | +10.9% | +11.9% |
| Volatility (annualized) | 8.8% | 11.5% | 11.6% |
| Sharpe ratio | 1.46 | 0.66 | 0.80 |
| Sortino ratio | 3.18 | 1.04 | 1.26 |
| Best month | +8.6% | +8.6% | +9.6% |
| Worst month | −3.9% | −7.6% | −8.9% |
| Best 12 months | +29.8% | +29.8% | +38.2% |
| Worst 12 months | +7.1% | −14.0% | −14.0% |
| Positive months | 78% | 68% | 71% |
| Beta vs S&P 500 | 0.67 | 0.71 | — |
| Correlation with S&P 500 | 0.95 | 0.97 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BJAN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 82 | −14.0% | +13.7% | +38.2% | 83% |
| 3-year (a year) | 58 | +3.7% | +9.2% | +19.6% | 100% |
| 5-year (a year) | 34 | +9.3% | +10.9% | +13.6% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
BJAN performance overview
Innovator S&P 500 Buffer - January (BJAN) returned +13.3% over the past year and +10.4% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +12.5% a year, turning $10,000 into about $25,092. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.9%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. BJAN finished 5 of its 6 full calendar years with a gain; the best year was 2023 (+23.7%) and the worst 2022 (−11.4%). Volatility has been 11.6% a year.
Related: BJAN chart. See the BJAN overview for the latest quote and fund facts.
BJAN performance FAQ
What is the BJAN return over the past year?
BJAN returned +13.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.3%.
What is the average annual return of BJAN?
BJAN has returned +10.4% a year over 5 years, +12.5% a year since January 2, 2019 (total return, distributions reinvested).
How much would $10,000 invested in BJAN be worth?
$10,000 invested in BJAN at its first recorded close on January 2, 2019 would be worth about $25,092 on October 23, 2026 with distributions reinvested.
What was the worst year for BJAN?
The worst calendar year was 2022, with a total return of −11.4%. The best was 2023 at +23.7%.
What is the biggest drawdown of BJAN?
The largest peak-to-trough decline was −26.9% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 10, 2020, 5 months after the bottom.
How volatile is BJAN?
Over the past 3 years BJAN had an annualized volatility of 8.8% and a Sharpe ratio of 1.46 (excess return over 1–3 month T-bills per unit of risk).