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ETFs

Innovator Double Stacker 9 Buffer ETF - January

DBJA
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 04 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$9,292
AUM
$7,155,000
Associated Index
SPDR S&P 500 ETF Trust, Invesco QQQ Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 12/29/2023 3.78 C
97.95%
n/a
QQQ 12/29/2023 266.27 C
31.79%
n/a
SPY 12/29/2023 382.41 P
0.65%
n/a
Cash & Other
-0.09%
n/a
SPY 12/29/2023 348.02 P
-0.28%
n/a
SPY 12/29/2023 417.08 C
-5.84%
n/a
QQQ 12/29/2023 290.4 C
-24.18%
Invest with DBJA

What is DBJA?

The Innovator Double Stacker 9 Buffer ETF seeks to provide double upside exposures of 100% SPY + 100% QQQ, to a cap, and downside exposure to SPY, with a buffer against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

ETFs related toDBJA

ETFs correlated to DBJA include PJAN, DECZ, IUSG

DBJA
Innovator ETFs Trust - Innovator Double Stacker 9 Buffer ETF - January
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
POCT
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - October
XDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF

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.

FAQ

DBJA is a US Equities ETF. The Innovator Double Stacker 9 Buffer ETF seeks to provide double upside exposures of 100% SPY + 100% QQQ, to a cap, and downside exposure to SPY, with a buffer against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

DBJA tracks the SPDR S&P 500 ETF Trust, Invesco QQQ Trust.

No, DBJA 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, DBJA 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 DBJA is 0.0081%. This is the percent change in the value of DBJA over the most recent 1-month period. The 3-month return on DBJA is 0.0202%. This is the percent change in the value of DBJA over the most recent 3-month period.

The standard deviation of DBJA for the past year is 0.1226%. 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 DBJA include DBOC, DSOC, and DSJA.

ETFs correlated to DBJA include PJAN, DECZ, and IUSG.

ETFs that are inversely correlated to DBJA include SPXU, SPXS, and SH.

Disclaimers

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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.