{"url":"https://etfiq.com/compare/buffer/ajan-vs-pbja","section":"compare","title":"AJAN vs PBJA: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 23, 2026 AJAN can gain 9.2% before its cap and PBJA 2.5%. Each can fall 3.7% and 7.2% before its buffer engages, on SPY.","as_of":"Oct 23, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, AJAN or PBJA?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 23, 2026, AJAN can gain about 9.2% before its cap and PBJA about 2.5%, so AJAN has more room left this period."}},{"@type":"Question","name":"Which resets first, AJAN or PBJA?","acceptedAnswer":{"@type":"Answer","text":"AJAN ends its outcome period on Dec 31, 2027 and PBJA on Dec 31, 2026. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, AJAN or PBJA?","acceptedAnswer":{"@type":"Answer","text":"AJAN charges 0.79% a year and PBJA charges 0.50%, so PBJA is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"AJAN vs PBJA","item":"https://etfiq.com/compare/buffer/ajan-vs-pbja"}]},{"@type":"WebPage","name":"AJAN vs PBJA: Cap, Buffer & Days Left","description":"As of Oct 23, 2026 AJAN can gain 9.2% before its cap and PBJA 2.5%. Each can fall 3.7% and 7.2% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/ajan-vs-pbja","dateModified":"2026-10-23","abstract":"As of Oct 23, 2026 PBJA can fall 7.2% before its buffer engages and AJAN 3.7%, and PBJA resets 365 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AJAN and PBJA","description":"As of Oct 23, 2026 AJAN can gain 9.2% before its cap and PBJA 2.5%. Each can fall 3.7% and 7.2% before its buffer engages, on SPY.","dateModified":"2026-10-23","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/ajan-vs-pbja","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6517,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / AJAN vs PBJA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 23, 2026 .\n\n AJAN vs PBJA: Cap, Buffer & Days Left\n\n As of Oct 23, 2026 PBJA can fall 7.2% before its buffer engages and AJAN 3.7%, and PBJA resets 365 days sooner.\n Copy this for sharing \n \n PBJA costs 0.29 points a year less; their one-year returns differ by 5.4 points; PBJA is 1.6 times larger.\n AJAN and PBJA at a glance. As of Oct 23, 2026. Source: ETFIQ. AJAN PBJA \n Expense ratio 0.79% 0.50% \n Net assets $42m $67m \n Total return, 1 year +4.0% +9.4% \n What it tracks SPY SPY \n Holdin","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AJAN against PBJA, data as of Oct 23, 2026. https://etfiq.com/compare/buffer/ajan-vs-pbja","a":{"ticker":"AJAN","name":"Innovator Equity Defined Protection ETF - Jan 2028","issuer":"Innovator","desk":"buffer","as_of":"2026-10-23","verdict":"Since Dec 31, 2025, AJAN returned 3.2%, against SPY's 11.4% price return. It can gain 9.2% more before its cap.","url":"https://etfiq.com/funds/ajan","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"9.2%","as_of":"2026-10-23","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"3.7%","as_of":"2026-10-23","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-23","source":null},{"label":"Days to reset","value":"434","as_of":"2026-10-23","source":null},{"label":"Net assets","value":"$42m","as_of":"2026-10-23","source":"issuer page, as of Oct 23, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-23","source":"issuer page, Oct 23, 2026"}]},"b":{"ticker":"PBJA","name":"PGIM S&P 500 Buffer 20 ETF - January","issuer":"PGIM","desk":"buffer","as_of":"2026-10-23","verdict":"Since Jan 1, 2026, PBJA returned 7.3%, against SPY's 11.4% price return. It can gain 2.5% more before its cap.","url":"https://etfiq.com/funds/pbja","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"2.5%","as_of":"2026-10-23","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"7.2%","as_of":"2026-10-23","source":null},{"label":"Protection left, index points","value":"20.0%","as_of":"2026-10-23","source":null},{"label":"Days to reset","value":"69","as_of":"2026-10-23","source":null},{"label":"Net assets","value":"$67m","as_of":"2026-10-23","source":"issuer page, as of Oct 23, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-10-23","source":"issuer data, Oct 23, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/ajan-vs-pbja"}