Skip to Content
ETFs

Innovator Growth-100 Power Buffer ETF - January

NJAN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 01 2020
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$185,864
AUM
$77,083,000
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
QQQ 12/29/2023 2.66 C
113.46%
n/a
QQQ 12/29/2023 266.28 P
0.25%
n/a
Cash & Other
0.17%
n/a
QQQ 12/29/2023 226.34 P
-0.09%
n/a
QQQ 12/29/2023 323.72 C
-13.78%
Invest with NJAN

What is NJAN?

The Innovator Nasdaq-100 Power Buffer ETF seeks to track the price return of the Nasdaq 100 Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toNJAN

ETFs correlated to NJAN include BUFQ, SPYG, IVW

NJAN
Innovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - January
BUFQ
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Nasdaq-100 Buffer 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
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
QSPT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - September
JEPQ
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Nasdaq Equity Premium Income ETF
NJUL
Innovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - July
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
VUG
Vanguard Group, Inc. - Vanguard 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.

Automated Strategies
Related toNJAN

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NJAN using Composer

FAQ

NJAN is a US Equities ETF. The Innovator Nasdaq-100 Power Buffer ETF seeks to track the price return of the Nasdaq 100 Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

NJAN tracks the Nasdaq 100 Index.

No, NJAN 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, NJAN 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 NJAN is 0.0099%. This is the percent change in the value of NJAN over the most recent 1-month period. The 3-month return on NJAN is 0.0209%. This is the percent change in the value of NJAN over the most recent 3-month period.

The standard deviation of NJAN for the past year is 0.1471%. 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 NJAN include TQQQ, QCLR, and NAPR.

ETFs correlated to NJAN include BUFQ, SPYG, and IVW.

ETFs that are inversely correlated to NJAN include QID, SQQQ, and PSQ.

Disclaimers

*

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.