(KJAN) Innovator Russell 2000 - Overview
Etf: Underlying ETF, FLEX Options, Non-Diversified, Power Buffer
| Risk 5d forecast | |
|---|---|
| Volatility | 12.9% |
| Relative Tail Risk | -4.39% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.61 |
| Alpha | 0.42 |
| Character TTM | |
|---|---|
| Beta | 0.630 |
| Beta Downside | 0.635 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.83% |
| CAGR/Max DD | 0.64 |
Description: KJAN Innovator Russell 2000 December 30, 2025
The Innovator Russell 2000 Power Buffer ETF (BATS: KJAN) is a “Defined-Outcome” product that seeks to deliver a buffered upside on the iShares Russell 2000 ETF while limiting downside risk. Under normal market conditions it must allocate at least 80 % of its net assets-plus any investment-purpose borrowings-to positions that replicate the performance of the underlying iShares Russell 2000 ETF, and it does so through FLEX options with customizable terms. Because the fund is classified as non-diversified, its concentration risk is higher than that of broadly diversified ETFs.
Key quantitative drivers to watch include: (1) the fund’s expense ratio (currently 0.75 % annually), which directly erodes returns; (2) the buffer level (typically 10-15 % of losses buffered per option series) and the associated participation rate (often 100-125 % of upside after the buffer is breached); and (3) the implied volatility of the underlying Russell 2000 index, which influences option premiums and thus the cost of the buffer. Macro-level factors such as U.S. small-cap earnings growth, the Federal Reserve’s policy stance on interest rates, and the health of the domestic consumer sector are primary economic drivers of the Russell 2000’s performance.
For a deeper, data-driven assessment of KJAN’s risk-adjusted returns and how its buffer structure behaves across market cycles, you may find it useful to explore the analytics on ValueRay.
What is the price of KJAN shares?
Over the past week, the price has changed by +0.71%, over one month by +1.56%, over three months by +6.21% and over the past year by +12.29%.
Is KJAN a buy, sell or hold?
What are the forecasts/targets for the KJAN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 46.8 | 9.2% |
KJAN Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 346.2m USD (346.2m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 346.2m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 346.2m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.24% (E(346.2m)/V(346.2m) * Re(8.24%) + (debt-free company))
Discount Rate = 8.24% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)