Data as of . Every figure is the buffer desk's own, on published data.
BSEP vs DJUL
Where each one stands today
DJUL resets first, on Jul 16, 2027, 315 days from now; BSEP runs to Aug 31, 2027, 361 days. BSEP can still gain 19.4% before its cap, DJUL 10.4%. A fall from here reaches BSEP’s buffer after 0.3% and DJUL’s after 7.8%. Both track SPY, so what separates them is where each is in its own period.
Every figure is the buffer desk’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| BSEP | DJUL | BSEP | DJUL | |
| 3 months | +4.2% | +3.2% | −0.5 pts | −1.4 pts |
| 6 months | +11.0% | +8.2% | −4.2 pts | −6.9 pts |
| 1 year | +14.4% | +11.2% | −5.5 pts | −8.8 pts |
| 3 years | +55.8% | +46.8% | −22.2 pts | −31.1 pts |
| BSEP Innovator U.S. Equity Buffer ETF - Sep | DJUL FT Vest U.S. Equity Deep Buffer ETF - July | |
|---|---|---|
| Issuer | Innovator | First Trust |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Aug 31, 2026 to Aug 31, 2027 | Jul 20, 2026 to Jul 16, 2027 |
| Days left | 361 | 315 |
| Starting cap | +19.8% | +13.6% |
| Can still gain | 19.4% | 10.4% |
| Fall before buffer | 0.3% | 7.8% |
| Protection left, index points | 9.0% of 9.0% | 25.0% of 25.0% |
| Index return this period | +0.4% | +3.6% |
| Fund return this period | +0.3% | +2.1% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.85% |
BSEP in plain words
From its price on Sep 4, 2026, the fund can gain about 19.4% more before it reaches its cap. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.4% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 361 days remained on Sep 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
DJUL in plain words
From its price on Sep 4, 2026, the fund can gain about 10.4% more before it reaches its cap. The fund's price can fall 7.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 8.3% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 315 days remained on Sep 4, 2026. On Jul 16, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, BSEP or DJUL?
- From their prices on Sep 4, 2026, BSEP can gain about 19.4% before its cap and DJUL about 10.4%, so BSEP has more room left this period.
- Which resets first, BSEP or DJUL?
- BSEP ends its outcome period on Aug 31, 2027 and DJUL on Jul 16, 2027. A new cap is set the day after each.
- Which is cheaper, BSEP or DJUL?
- BSEP charges 0.79% a year and DJUL charges 0.85%, so BSEP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BSEP against DJUL, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/BSEP-DJUL.html Free to use with attribution; the underlying files are at Open data.