Which resets first, AIOO or TJAN?

AIOO ends its outcome period on Dec 31, 2026 and TJAN on Dec 31, 2026. New terms are set the day after each.

Which is cheaper, AIOO or TJAN?

AIOO charges 0.64% a year and TJAN charges 0.79%, so AIOO is cheaper. Fees come from each fund's prospectus.

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AIOO vs TJAN: Cap, Buffer & Days Left

As of Oct 9, 2026 TJAN can fall 13.1% before its buffer engages and AIOO 0.5%. Net assets: $63m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer100 Protection ETF - Jan, and $32m on Oct 9, 2026 for Innovator Equity Defined Protection ETF - Jan 2027.

AIOO costs 0.15 points a year less; their one-year returns differ by 2.3 points; AIOO is 1.9 times larger.

Points (pts) are percentage points.

AIOO vs TJAN: Cap, Buffer & Days Left
	AIOO	TJAN
Expense ratio	0.64%	0.79%
Net assets, as of Oct 8, 2026	$63m	$32m
Total return, 1 year	+3.9%	+6.2%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.0%	24.7%

0.5%

AIOO can fall this far before its buffer

13.1%

TJAN can fall this far before its buffer

uncapped

AIOO can still gain

1.0%

TJAN can still gain

AIOONo cap

AIOO: reference +2.1% since period start, fund +0.5%; buffer Floor; no cap; No cap. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

TJANAt its cap

TJAN: reference +32.8% since period start, fund +13.2%; buffer Floor; cap +15.9%; At its cap. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

AIOO has no cap. It takes 30% of whatever the index does, where TJAN takes all of the rise up to 15.9% and nothing above it.

TJAN is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

AIOO resets first, on Dec 31, 2026, 83 days from now; TJAN runs to Dec 31, 2026, 83 days. A fall from here reaches AIOO’s buffer after 0.5% and TJAN’s after 13.1%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AIOO vs TJAN: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AIOO	TJAN	AIOO	TJAN
3 months	+0.8%	+1.6%	−2.3 pts	−1.5 pts
6 months	+3.0%	+4.5%	−11.6 pts	−10.1 pts
1 year	+3.9%	+6.2%	−12.2 pts	−9.8 pts
Since launch Not the same days: AIOO Jul 2025 · TJAN Jan 2025	+6.1%	+12.8%	−19.9 pts	−20.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF - Jan · Absorbs the whole loss on SPY and does not cap the gain, over a period ending Dec 31, 2026

TJAN

Innovator Equity Defined Protection ETF - Jan 2027 · Absorbs the whole loss on SPY and caps the gain at 15.9%, over a period ending Dec 31, 2026

Issuer AllianzIM Innovator

Reference index SPY SPY

Buffer 100% 100%

Outcome period Oct 1, 2026 to Dec 31, 2026 Dec 31, 2024 to Dec 31, 2026

Days left 83 83

Starting cap uncapped +15.9%

Can still gain uncapped 1.0%

Fall before buffer 0.5% 13.1%

Protection left, index points 100.0% of 100.0% 100.0% of 100.0%

Index return this period +2.1% +32.8%

Fund return this period +0.5% +13.2%

State today Uncapped At cap

Expense ratio 0.64% 0.79%

Net assets, AIOO as of Oct 8, 2026 and TJAN as of Oct 9, 2026 $63m $32m

As of Oct 9, 2026. Source: ETFIQ.

About AIOO

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.0% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 83 days remained on Oct 9, 2026. On Dec 31, 2026 the period ends and new terms are set.

About TJAN

SPY had already risen past this fund's cap of +15.9% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.0% as the period runs out. The fund's price can fall 13.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 24.7% from today's level to the point where the buffer begins. On Dec 31, 2026 the period ends and a new cap is set.

Questions people ask

Which resets first, AIOO or TJAN?: AIOO ends its outcome period on Dec 31, 2026 and TJAN on Dec 31, 2026. New terms are set the day after each.
Which is cheaper, AIOO or TJAN?: AIOO charges 0.64% a year and TJAN charges 0.79%, so AIOO is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIOO vs POCT AIOO vs FDEC AIOO vs PJAN AIOO vs FSEP TJAN vs QBSF TJAN vs JANP TJAN vs DDFJ TJAN vs CPSD

SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AIOO on its own →TJAN on its own →How every figure is computed →Standards and sources →

Where these figures came from

AIOO filings on SEC EDGAR ↗AllianzIM page for AIOO ↗Innovator page for TJAN ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every figure from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIOO against TJAN, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/aioo-vs-tjan

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.