Innovator Equity Defined Protection ETF - 2 Yr to July 2027

TJUL

Market cap $136M

Recent downturns from the Great Recession and the worldwide pandemic are still fresh on investors' minds. Now any pullback in the market has left investors shaky.

You don't get upset for having homeowner's insurance but your house doesn't burn down. The same principle should apply to investors who insure their stock portfolios against a crash.

Innovator Capital Management announced Tuesday the launch of seven Defined Outcome ETFs on the Cboe BZX, including its second Defined Protection ETF. The Innovator Equity Defined Protection ETF (AJAN) aims to track the return of the SPDR S&P 500 ETF Trust (SPY) to a capped level.