Which has more room to gain, AJUL or FJUN?

From their prices on Nov 4, 2026, AJUL can gain about 16.4% before its cap and FJUN about 12.6%, so AJUL has more room left this period.

Which resets first, AJUL or FJUN?

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

Which is cheaper, AJUL or FJUN?

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

Data as of Nov 4, 2026.

Buffer ETFs

AJUL vs FJUN: Cap, Buffer & Days Left

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As of Nov 4, 2026 FJUN can fall 3.4% before its buffer engages and AJUL 1.6%, and FJUN resets 379 days sooner.

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Net assets: $99m on Nov 4, 2026 for Innovator Equity Defined Protection ETF - Jul 2028, and $1.4bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - June.

AJUL on its own →FJUN on its own →

At a glance

1.6%

AJUL can fall this far before its buffer

3.4%

FJUN can fall this far before its buffer

16.4%

AJUL can still gain

12.6%

FJUN can still gain

AJUL Full floor

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.

FJUN Between buffer and cap

FJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

AJUL costs 0.06 points a year less; their one-year returns differ by 3.6 points; FJUN is 14.3 times larger.

Points (pts) are percentage points.

AJUL vs FJUN: Cap, Buffer & Days Left
Measure	AJUL	FJUN
Return
Measure	AJUL	FJUN
Total return, 1 year	+6.0%	+9.6%
Drawdown
Measure	AJUL	FJUN
Index fall to the buffer	2.6%
Benchmark
Measure	AJUL	FJUN
What it tracks	SPY	SPY
Cost and size
Measure	AJUL	FJUN
Expense ratio	0.79%	0.85%
Net assets, as of Nov 3, 2026	$98m	$1.4bn
Holdings
Measure	AJUL	FJUN
Holdings in common	not published

Method

Window by window

Window by window: AJUL vs FJUN: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AJUL	FJUN	AJUL	FJUN
3 months	+0.2%	+0.5%	+0.6 pts	+0.8 pts
6 months	+2.0%	+3.7%	−2.4 pts	−0.8 pts
1 year	+6.0%	+9.6%	−7.5 pts	−4.0 pts
3 years	–	+49.5%	–	−26.9 pts
Since launchNot the same days: AJUL Jul 2024 · FJUN Jun 2020	+17.7%	+101.6%	−22.9 pts	−45.3 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 FJUN FT Vest U.S. Equity Buffer ETF - June · Absorbs the first 10% of loss on SPY and caps the gain at 16.4%, over a period ending Jun 17, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 100% 10%

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

Days left 604 225

Starting cap +18.3% +16.4%

Can still gain 16.4% 12.6%

Fall before buffer 1.6% 3.4%

Protection left, index points 100.0% of 100.0% 10.0% of 10.0%

Index return this period +2.6% +2.7%

Fund return this period +1.4% +2.7%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets, AJUL as of Nov 4, 2026 and FJUN as of Nov 3, 2026 $99m $1.4bn

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. FJUN 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. FJUN has 225 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

FJUN resets first, on Jun 17, 2027, 225 days from now; AJUL runs to Jun 30, 2028, 604 days. AJUL can still gain 16.4% before its cap, FJUN 12.6%. A fall from here reaches AJUL’s buffer after 1.6% and FJUN’s after 3.4%. Both track SPY, so what separates them is where each is in its own period.

Alert

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.

FJUN

From its price on Nov 4, 2026, the fund can gain about 12.6% more before it reaches its cap. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 225 days remained on Nov 4, 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 FJUN?: From their prices on Nov 4, 2026, AJUL can gain about 16.4% before its cap and FJUN about 12.6%, so AJUL has more room left this period.
Which resets first, AJUL or FJUN?: AJUL ends its outcome period on Jun 30, 2028 and FJUN on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, AJUL or FJUN?: AJUL charges 0.79% a year and FJUN charges 0.85%, so AJUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

AJUL vs PJUL AJUL vs DJUN AJUL vs DDTL AJUL vs JULU FJUN vs DDTL FJUN vs TJUL FJUN vs JULU FJUN vs XBJL

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AJUL on its own →FJUN on its own →Method →Standards and sources →

Sources and dates

Innovator page for AJUL ↗

FJUN filings on SEC EDGAR ↗

First Trust page for FJUN ↗

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.

Cite this pageCitation, APA and Markdown

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

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