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ETFs

Innovator U.S. Equity Accelerated 9 Buffer ETF - January

XBJA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$425,587
AUM
$72,540,000
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 12/29/2023 3.8 C
98.40%
n/a
SPY 12/29/2023 382.43 C
12.69%
n/a
SPY 12/29/2023 382.42 P
0.66%
n/a
Cash & Other
0.19%
n/a
SPY 12/29/2023 348 P
-0.27%
n/a
SPY 12/29/2023 417.23 C
-11.67%
Invest with XBJA

What is XBJA?

The Innovator U.S. Equity Accelerated 9 Buffer ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over a one-year outcome period. The ETF buffers investors 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 toXBJA

ETFs correlated to XBJA include PJAN, DECZ, USPX

XBJA
Innovator ETFs Trust - Innovator U.S. Equity Accelerated 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
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
POCT
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - October
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares

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 toXBJA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XBJA using Composer

FAQ

XBJA is a US Equities ETF. The Innovator U.S. Equity Accelerated 9 Buffer ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over a one-year outcome period. The ETF buffers investors 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.

XBJA tracks the SPDR S&P 500 ETF Trust.

No, XBJA 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, XBJA 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 XBJA is 0.0079%. This is the percent change in the value of XBJA over the most recent 1-month period. The 3-month return on XBJA is 0.0193%. This is the percent change in the value of XBJA over the most recent 3-month period.

The standard deviation of XBJA for the past year is 0.1266%. 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 XBJA include DJUL, DAUG, and FAUG.

ETFs correlated to XBJA include PJAN, DECZ, and USPX.

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

Yes, XBJA is a Leveraged (2x) ETF: This means that XBJA will try to match the performance of SPDR S&P 500 ETF Trust, but with 2x the returns.

Yes, XBJA is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of SPDR S&P 500 ETF Trust, but move 2x in the opposite direction.

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.