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ETFs

Innovator Triple Stacker ETF - January

TSJA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 04 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$17,072
AUM
$5,454,000
Associated Index
SPDR S&P 500 ETF Trust, Invesco QQQ Trust, iShares Russell 2000 ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SPY 12/29/2023 3.77 C
96.56%
n/a
QQQ 12/29/2023 266.28 C
31.49%
n/a
IWM 12/29/2023 174.36 C
4.37%
n/a
Cash & Other
0.56%
n/a
IWM 12/29/2023 187.82 C
-1.28%
n/a
SPY 12/29/2023 411.95 C
-6.66%
n/a
QQQ 12/29/2023 286.84 C
-25.05%
Invest with TSJA

What is TSJA?

The Innovator Triple Stacker ETF seeks to provide triple upside exposures of 100% SPY + 100% QQQ + 100% IWM, to a cap, and downside exposure to SPY only 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 toTSJA

ETFs correlated to TSJA include DECZ, PJAN, SCHB

TSJA
Innovator ETFs Trust - Innovator Triple Stacker ETF - January
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

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 toTSJA

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with TSJA using Composer

FAQ

TSJA is a US Equities ETF. The Innovator Triple Stacker ETF seeks to provide triple upside exposures of 100% SPY + 100% QQQ + 100% IWM, to a cap, and downside exposure to SPY only 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.

TSJA tracks the SPDR S&P 500 ETF Trust, Invesco QQQ Trust, iShares Russell 2000 ETF.

No, TSJA 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, TSJA 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 TSJA is -0.0011%. This is the percent change in the value of TSJA over the most recent 1-month period. The 3-month return on TSJA is 0.0143%. This is the percent change in the value of TSJA over the most recent 3-month period.

The standard deviation of TSJA for the past year is 0.155%. 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 TSJA include TSOC, PKW, and VIXY.

ETFs correlated to TSJA include DECZ, PJAN, and SCHB.

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

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.