Innovator Nasdaq-100 Power Buffer ETF - January (NJAN) Performance
NJAN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.3% since Dec 31, 2025
- 1 year
- +12.2% total return
- 5 years
- +7.5% a year
- Since first price
- +8.2% a year since 2020
NJAN trailing returns vs SPY, QQQ, AGG
| Period | NJAN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.0% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +5.9% | +7.8% | +8.4% | −1.5% |
| YTD | +9.3% | +9.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.2% | +12.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +47.4%+13.8%/yr | +47.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +43.5%+7.5%/yr | +43.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 2, 2020 | +70.6%+8.2%/yr | +70.6% | — | — | — |
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: NJAN vs SPY
From Jan 2, 2020: NJAN grew to $17,064, SPY to $25,728.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NJAN returns by calendar year
4 of 5 full years positive. Best 2023 (+20.9%), worst 2022 (−18.9%). 2026 is year to date.
NJAN annual returns table
| Year | NJAN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.3% | −5.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.2% | −13.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.4% | −5.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.9% | −2.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.9% | −20.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.5% | −4.1% | +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.
NJAN largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 3, 2022 | −20.7% | Oct 14, 2022 | Jan 24, 2024 | 9 months | 2.1 years |
| Feb 19, 2020 | −16.0% | Mar 18, 2020 | Jun 5, 2020 | 28 days | 4 months |
| Feb 18, 2025 | −13.1% | Apr 8, 2025 | Jun 3, 2025 | 49 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NJAN risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +14.4% | +8.1% | +8.4% |
| Volatility (annualized) | 6.9% | 10.9% | 10.1% |
| Sharpe ratio | 1.35 | 0.45 | 0.59 |
| Sortino ratio | 2.71 | 0.63 | 0.86 |
| Best month | +7.3% | +8.7% | +8.7% |
| Worst month | −3.9% | −7.9% | −7.9% |
| Best 12 months | +22.4% | +22.4% | +22.4% |
| Worst 12 months | +6.4% | −18.9% | −18.9% |
| Positive months | 81% | 73% | 74% |
| Beta vs S&P 500 | 0.47 | 0.61 | — |
| Correlation with S&P 500 | 0.85 | 0.88 | — |
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.
NJAN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 70 | −18.9% | +11.8% | +22.4% | 83% |
| 3-year (a year) | 46 | +1.1% | +4.4% | +16.8% | 100% |
| 5-year (a year) | 22 | +5.9% | +7.4% | +8.2% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
NJAN performance overview
Innovator Nasdaq-100 Power Buffer ETF - January (NJAN) returned +12.2% 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 +8.2% a year, turning $10,000 into about $17,064. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.7%, from Jan 3, 2022 to Oct 14, 2022, and it took 1.3 years to get back to the old high. NJAN finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+20.9%) and the worst 2022 (−18.9%). Volatility has been 10.1% a year.
Related: NJAN chart. See the NJAN overview for the latest quote and fund facts.
NJAN performance FAQ
What is the NJAN return over the past year?
NJAN returned +12.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.2%.
What is the average annual return of NJAN?
NJAN has returned +7.5% a year over 5 years, +8.2% a year since January 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in NJAN be worth?
$10,000 invested in NJAN at its first recorded close on January 2, 2020 would be worth about $17,064 on October 23, 2026 with distributions reinvested.
What was the worst year for NJAN?
The worst calendar year was 2022, with a total return of −18.9%. The best was 2023 at +20.9%.
What is the biggest drawdown of NJAN?
The largest peak-to-trough decline was −20.7% between January 3, 2022 and October 14, 2022. It recovered to the old high on January 24, 2024, 1.3 years after the bottom.
How volatile is NJAN?
Over the past 3 years NJAN had an annualized volatility of 6.9% and a Sharpe ratio of 1.35 (excess return over 1–3 month T-bills per unit of risk).