Innovator MSCI EAFE Power Buffer ETF January (IJAN) Performance
IJAN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.5% since Dec 31, 2025
- 1 year
- +7.8% total return
- 5 years
- +7.0% a year
- Since first price
- +6.6% a year since 2020
IJAN trailing returns vs SPY, QQQ, AGG
| Period | IJAN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.3% | +0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.8% | +2.8% | +7.8% | +8.4% | −1.5% |
| YTD | +5.5% | +5.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.8% | +7.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +40.5%+12.0%/yr | +40.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +40.6%+7.0%/yr | +40.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 2, 2020 | +54.6%+6.6%/yr | +54.6% | — | — | — |
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: IJAN vs SPY
From Jan 2, 2020: IJAN grew to $15,460, SPY to $25,728.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IJAN returns by calendar year
3 of 5 full years positive. Best 2025 (+19.6%), worst 2022 (−2.5%). 2026 is year to date.
IJAN annual returns table
| Year | IJAN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.5% | −6.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.6% | −9.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −0.6% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.8% | −9.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −2.5% | −16.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +7.3% | −3.2% | +28.7% | +27.4% | −1.8% |
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.
IJAN largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −22.7% | Mar 18, 2020 | Nov 16, 2020 | 2 months | 10 months |
| Jan 4, 2022 | −16.7% | Sep 27, 2022 | Jan 11, 2023 | 9 months | 1.0 years |
| Sep 26, 2024 | −10.3% | Apr 8, 2025 | May 13, 2025 | 6 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IJAN risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +11.3% | +7.5% | +7.2% |
| Volatility (annualized) | 8.0% | 10.5% | 10.3% |
| Sharpe ratio | 0.84 | 0.41 | 0.46 |
| Sortino ratio | 1.35 | 0.63 | 0.69 |
| Best month | +6.6% | +9.9% | +9.9% |
| Worst month | −4.0% | −7.2% | −8.2% |
| Best 12 months | +19.6% | +21.1% | +22.6% |
| Worst 12 months | −0.6% | −13.9% | −13.9% |
| Positive months | 72% | 63% | 64% |
| Beta vs S&P 500 | 0.39 | 0.50 | — |
| Correlation with S&P 500 | 0.62 | 0.75 | — |
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.
IJAN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 70 | −13.9% | +8.9% | +22.6% | 86% |
| 3-year (a year) | 46 | +3.3% | +7.5% | +15.2% | 100% |
| 5-year (a year) | 22 | +5.3% | +7.6% | +8.5% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
IJAN performance overview
Innovator MSCI EAFE Power Buffer ETF January (IJAN) returned +7.8% over the past year and +7.0% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +6.6% a year, turning $10,000 into about $15,460. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.7%, from Jan 17, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. IJAN finished 3 of its 5 full calendar years with a gain; the best year was 2025 (+19.6%) and the worst 2022 (−2.5%). Volatility has been 10.3% a year.
Related: IJAN chart. See the IJAN overview for the latest quote and fund facts.
IJAN performance FAQ
What is the IJAN return over the past year?
IJAN returned +7.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.8%.
What is the average annual return of IJAN?
IJAN has returned +7.0% a year over 5 years, +6.6% a year since January 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in IJAN be worth?
$10,000 invested in IJAN at its first recorded close on January 2, 2020 would be worth about $15,460 on October 23, 2026 with distributions reinvested.
What was the worst year for IJAN?
The worst calendar year was 2022, with a total return of −2.5%. The best was 2025 at +19.6%.
What is the biggest drawdown of IJAN?
The largest peak-to-trough decline was −22.7% between January 17, 2020 and March 18, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is IJAN?
Over the past 3 years IJAN had an annualized volatility of 8.0% and a Sharpe ratio of 0.84 (excess return over 1–3 month T-bills per unit of risk).