Data as of Nov 4, 2026.

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Buffer ETFs

AJUL vs CJUL: Cap, Buffer & Days Left

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AJUL can fall 1.6% before its buffer engages as of Nov 4, 2026, and CJUL 1.1% as of Nov 3, 2026.

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Net assets on Nov 4, 2026: $99m for Innovator Equity Defined Protection ETF - Jul 2028 and $1.0m for Corgi U.S. Equities 15% Structured Buffer ETF - July Series.

At a glance
AJUL Full floor
Full floorAJUL: reference +2.6% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Data to Nov 4, 2026.full floor beneath+15.7% more to the capfull floor0% period start+18.3% cap+2.6% gain capturedTODAY · SPY +2.6%Full floorAJUL: reference +2.6% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+18.3% cap+2.6% gain captured+15.7% more to the capTODAY · SPY +2.6%

AJUL: reference +2.6% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.
CJUL Between buffer and cap
Between buffer and capCJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.15 pts of buffer+12.8% to cap−15.0% floor0% period start+14.0% cap+1.2% gain capturedTODAY · SPY +1.2%Between buffer and capCJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.15 pts−15.0% floor0% start+14.0% cap+1.2% gain captured+12.8% more to the capTODAY · SPY +1.2%

CJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.

CJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.

Pair scorecard

CJUL costs 0.49 points a year less; AJUL is far larger, $99m against $1.0m.

Points (pts) are percentage points.

AJUL vs CJUL: Cap, Buffer & Days Left
MeasureAJULCJUL
Return
Total return, 1 year+6.0%not published
Drawdown
Index fall to the buffer2.6%1.1%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.30%
Net assets$99m$1.0m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: AJUL vs CJUL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowAJULCJULAJULCJUL
3 months+0.2%+0.7%+0.6 pts+1.1 pts
6 months+2.0%–−2.4 pts–
1 year+6.0%–−7.5 pts–
Since launchNot the same days: AJUL Jul 2024 · CJUL Jul 2026+17.7%+2.8%−22.9 pts−0.1 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

AJUL Innovator Equity Defined Protection ETF - Jul 2028 · Absorbs the whole loss on SPY and caps the gain at 18.3%, over a period ending Jun 30, 2028 CJUL Corgi U.S. Equities 15% Structured Buffer ETF - July Series · Absorbs the first 15% of loss on SPY and caps the gain at 14.0%, over a period ending Jun 30, 2027
Reference index SPY SPY
Buffer 100% 15%
Outcome period Jun 30, 2026 to Jun 30, 2028 Jul 1, 2026 to Jun 30, 2027
Days left 604 239
Starting cap +18.3% +14.0%
Can still gain 16.4% not published
Fall before buffer 1.6% 1.1%
Protection left, index points 100.0% of 100.0% 15.0% of 15.0%
Index return this period +2.6% +1.2%
Fund return this period +1.4% +2.1%
State today Open Open
Expense ratio 0.79% 0.30%
Net assets $99m $1.0m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. AJUL is a floor fund, which caps how far a holder can fall. CJUL is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

They do not reset together. CJUL has 239 days of its period left and AJUL has 604, so the two are not the same bet on the same months.

Where each one stands today

CJUL resets first, on Jun 30, 2027, 239 days from now; AJUL runs to Jun 30, 2028, 604 days. A fall from here reaches AJUL’s buffer after 1.6% and CJUL’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
AJUL

From its price on Nov 4, 2026, the fund can gain about 16.4% more before it reaches its cap. The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.6% 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. 604 days remained on Nov 4, 2026. On Jun 30, 2028 the period ends and a new cap is set.

CJUL

The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.1% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 239 days remained on Nov 3, 2026. On Jun 30, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, AJUL or CJUL?
AJUL ends its outcome period on Jun 30, 2028 and CJUL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, AJUL or CJUL?
AJUL charges 0.79% a year and CJUL charges 0.30%, so CJUL is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number 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 number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, AJUL against CJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ajul-vs-cjul

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