Innovator Russell 2000 Power Buffer ETF January (KJAN) Performance
KJAN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.6% since Dec 31, 2025
- 1 year
- +11.0% total return
- 5 years
- +7.5% a year
- Since first price
- +8.1% a year since 2020
KJAN trailing returns vs SPY, QQQ, AGG
| Period | KJAN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.3% | −0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +9.6% | +9.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.0% | +11.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.3%+15.3%/yr | +53.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +43.4%+7.5%/yr | +43.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 2, 2020 | +70.3%+8.1%/yr | +70.3% | — | — | — |
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: KJAN vs SPY
From Jan 2, 2020: KJAN grew to $17,026, SPY to $25,728.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KJAN returns by calendar year
4 of 5 full years positive. Best 2023 (+14.7%), worst 2022 (−7.7%). 2026 is year to date.
KJAN annual returns table
| Year | KJAN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.6% | −5.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.9% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.9% | −5.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.7% | −11.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.7% | −15.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.7% | −3.7% | +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.
KJAN largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −28.9% | Mar 18, 2020 | Oct 9, 2020 | 28 days | 8 months |
| Dec 4, 2024 | −16.8% | Apr 8, 2025 | Aug 28, 2025 | 4 months | 9 months |
| Jan 3, 2022 | −15.2% | Jun 16, 2022 | Jul 13, 2023 | 5 months | 1.5 years |
| Jul 31, 2023 | −11.4% | Oct 27, 2023 | Dec 14, 2023 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KJAN risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +14.0% | +7.9% | +8.5% |
| Volatility (annualized) | 11.6% | 12.6% | 13.4% |
| Sharpe ratio | 0.82 | 0.38 | 0.47 |
| Sortino ratio | 1.55 | 0.62 | 0.72 |
| Best month | +11.4% | +11.4% | +11.4% |
| Worst month | −5.5% | −5.7% | −13.8% |
| Best 12 months | +28.3% | +28.3% | +40.8% |
| Worst 12 months | +1.0% | −9.5% | −9.5% |
| Positive months | 64% | 57% | 61% |
| Beta vs S&P 500 | 0.69 | 0.66 | — |
| Correlation with S&P 500 | 0.74 | 0.82 | — |
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.
KJAN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 70 | −9.5% | +10.4% | +40.8% | 83% |
| 3-year (a year) | 46 | +3.1% | +7.7% | +15.4% | 100% |
| 5-year (a year) | 22 | +6.5% | +8.1% | +10.6% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
KJAN performance overview
Innovator Russell 2000 Power Buffer ETF January (KJAN) returned +11.0% over the past year and +7.5% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +8.1% a year, turning $10,000 into about $17,026. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.9%, from Feb 19, 2020 to Mar 18, 2020, and it took 7 months to get back to the old high. KJAN finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+14.7%) and the worst 2022 (−7.7%). Volatility has been 13.4% a year.
Related: KJAN chart. See the KJAN overview for the latest quote and fund facts.
KJAN performance FAQ
What is the KJAN return over the past year?
KJAN returned +11.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.0%.
What is the average annual return of KJAN?
KJAN has returned +7.5% a year over 5 years, +8.1% a year since January 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in KJAN be worth?
$10,000 invested in KJAN at its first recorded close on January 2, 2020 would be worth about $17,026 on October 23, 2026 with distributions reinvested.
What was the worst year for KJAN?
The worst calendar year was 2022, with a total return of −7.7%. The best was 2023 at +14.7%.
What is the biggest drawdown of KJAN?
The largest peak-to-trough decline was −28.9% between February 19, 2020 and March 18, 2020. It recovered to the old high on October 9, 2020, 7 months after the bottom.
How volatile is KJAN?
Over the past 3 years KJAN had an annualized volatility of 11.6% and a Sharpe ratio of 0.82 (excess return over 1–3 month T-bills per unit of risk).