Which has more room to gain, AJUL or DJUN?

From their prices on Oct 2, 2026, AJUL can gain about 17.1% before its cap and DJUN about 10.3%, so AJUL has more room left this period.

Which resets first, AJUL or DJUN?

AJUL ends its outcome period on Jun 30, 2028 and DJUN on Jun 17, 2027. A new cap is set the day after each.

Which is cheaper, AJUL or DJUN?

AJUL charges 0.79% a year and DJUN charges 0.85%, so AJUL is cheaper. Fees come from each fund's prospectus.

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AJUL vs DJUN: which one stands where?

As of Oct 2, 2026 DJUN can fall 7.9% before its buffer engages and AJUL 1.1%, and DJUN resets 379 days sooner. Innovator Equity Defined Protection ETF - Jul 2028 and FT Vest U.S. Equity Deep Buffer ETF - June.

AJUL costs 0.06 points a year less; their one-year returns differ by 2.1 points; DJUN is 3.7 times larger.

	AJUL	DJUN
Expense ratio	0.79%	0.85%
Net assets	$99m	$366m
Total return, 1 year	+5.8%	+7.9%
What it tracks	SPY	SPY
Holdings in common	not published

1.1%

AJUL can fall this far before its buffer

7.9%

DJUN can fall this far before its buffer

17.1%

AJUL can still gain

10.3%

DJUN can still gain

AJULFull floor

AJUL: reference +3.1% since period start, fund +0.9%; buffer Floor; cap +18.3%; Full floor.

DJUNBetween buffer and cap

DJUN: reference +3.1% since period start, fund +2.2%; buffer −5 to −30; cap +13.6%; Between buffer and cap.

These are two different products. AJUL is a floor fund, which caps how far a holder can fall. DJUN 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. DJUN has 258 days of its period left and AJUL has 637, so the two are not the same bet on the same months.

Where each one stands today

DJUN resets first, on Jun 17, 2027, 258 days from now; AJUL runs to Jun 30, 2028, 637 days. AJUL can still gain 17.1% before its cap, DJUN 10.3%. A fall from here reaches AJUL’s buffer after 1.1% and DJUN’s after 7.9%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’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

	Total return		Gap to the reference
Window	AJUL	DJUN	AJUL	DJUN
3 months	+0.9%	+2.0%	−2.7 pts	−1.6 pts
6 months	+4.1%	+6.3%	−13.8 pts	−11.7 pts
1 year	+5.8%	+7.9%	−10.5 pts	−8.3 pts
3 years	not published	+43.3%	not published	−46.0 pts

AJUL and DJUN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

DJUN

FT Vest U.S. Equity Deep Buffer ETF - June · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 13.6%, over a period ending Jun 17, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 100% 5% to 30%

Outcome period Jun 30, 2026 to Jun 30, 2028 Jun 22, 2026 to Jun 17, 2027

Days left 637 258

Starting cap +18.3% +13.6%

Can still gain 17.1% 10.3%

Fall before buffer 1.1% 7.9%

Protection left, index points 100.0% of 100.0% 25.0% of 25.0%

Index return this period +3.1% +3.1%

Fund return this period +0.9% +2.2%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets $99m $366m

AJUL and DJUN on the same fields, as of Oct 2, 2026. Source: ETFIQ.

AJUL in plain words

From its price on Oct 2, 2026, the fund can gain about 17.1% more before it reaches its cap. The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.0% 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. 637 days remained on Oct 2, 2026. On Jun 30, 2028 the period ends and a new cap is set.

DJUN in plain words

From its price on Oct 2, 2026, the fund can gain about 10.3% more before it reaches its cap. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.8% 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. 258 days remained on Oct 2, 2026. On Jun 17, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, AJUL or DJUN?: From their prices on Oct 2, 2026, AJUL can gain about 17.1% before its cap and DJUN about 10.3%, so AJUL has more room left this period.
Which resets first, AJUL or DJUN?: AJUL ends its outcome period on Jun 30, 2028 and DJUN on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, AJUL or DJUN?: AJUL charges 0.79% a year and DJUN charges 0.85%, so AJUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

AJUL vs BJUL AJUL vs CJUL AJUL vs CPSJ AJUL vs CTJL DJUN vs BJUL DJUN vs CPSJ DJUN vs FJUN DJUN vs GJUN

SPY →AJUL on its own →DJUN on its own →How every figure is computed →Standards and sources →

Where these figures came from

Innovator page for AJUL ↗DJUN filings on SEC EDGAR ↗First Trust page for DJUN ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AJUL against DJUN, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/ajul-vs-djun

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.