AJUL vs HJLY: Cap, Buffer & Days Left
HJLY can fall 4.2% before its buffer engages as of Oct 12, 2026, and AJUL 1.5% as of Oct 13, 2026. Net assets on Oct 12, 2026: $98m for Innovator Equity Defined Protection ETF - Jul 2028 and $1m for Corgi U.S. Equities 100% Structured Buffer ETF - July Series.
HJLY costs 0.49 points a year less; AJUL is far larger, $98m against $1m.
Points (pts) are percentage points.
| AJUL | HJLY | |
|---|---|---|
| Expense ratio | 0.79% | 0.30% |
| Net assets, as of Oct 12, 2026 | $98m | $1m |
| Total return, 1 year | +6.8% | not published |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 3.9% | 4.2% |
AJUL: reference +4.1% since period start, fund +1.3%; buffer Floor; cap +18.3%; Full floor. Figures to Oct 13, 2026.
Figures to Oct 13, 2026.
HJLY: reference +4.3% since period start, fund +2.2%; buffer Floor; cap +9.0%; Full floor. Figures to Oct 12, 2026.
Figures to Oct 12, 2026.
They do not reset together. HJLY has 261 days of its period left and AJUL has 626, so the two are not the same bet on the same months.
Where each one stands today
HJLY resets first, on Jun 30, 2027, 261 days from now; AJUL runs to Jun 30, 2028, 626 days. A fall from here reaches AJUL’s buffer after 1.5% and HJLY’s after 4.2%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | AJUL | HJLY | AJUL | HJLY |
| 3 months | +1.3% | +1.9% | −2.5 pts | −1.9 pts |
| 6 months | +3.1% | not published | −10.3 pts | not published |
| 1 year | +6.8% | not published | −12.4 pts | not published |
| Since launch Not the same days: AJUL Jul 2024 · HJLY Jul 2026 | +17.7% | +1.8% | −24.9 pts | −2.7 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
As of Oct 13, 2026. Source: ETFIQ.
About AJUL
From its price on Oct 13, 2026, the fund can gain about 16.6% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.9% 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. 626 days remained on Oct 13, 2026. On Jun 30, 2028 the period ends and a new cap is set.
About HJLY
The fund's price can fall 4.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.2% from today's level to the point where the buffer begins. 261 days remained on Oct 12, 2026. On Jun 30, 2027 the period ends and a new cap is set.
Questions people ask
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, AJUL against HJLY, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/ajul-vs-hjly
ETFIQ. (Oct 13, 2026). AJUL against HJLY. Retrieved from https://etfiq.com/compare/buffer/ajul-vs-hjly
[AJUL against HJLY (ETFIQ, Oct 13, 2026)](https://etfiq.com/compare/buffer/ajul-vs-hjly)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.