AJUL vs JULC: Cap, Buffer & Days Left

As of Oct 13, 2026 JULC can fall 4.2% before its buffer engages and AJUL 1.6%, and JULC resets 366 days sooner. Net assets on Oct 13, 2026: $98m for Innovator Equity Defined Protection ETF - Jul 2028 and $2m for Corgi U.S. Equities 10% Structured Buffer ETF - July Series.

JULC costs 0.49 points a year less; AJUL is far larger, $98m against $2m.

Points (pts) are percentage points.

AJUL vs JULC: Cap, Buffer & Days Left
AJULJULC
Expense ratio0.79%0.30%
Net assets$98m$2m
Total return, 1 year+6.4%not published
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer4.0%4.2%
AJULFull floor
Full floorAJUL: reference +4.2% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Figures to Oct 13, 2026.full floor beneath+4.2%+14.1% more to the capfull floor0% period start+18.3% capTODAY · SPY +4.2%Full floorAJUL: reference +4.2% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Figures to Oct 13, 2026.full floor beneathfull floor0% start+18.3% cap+4.2% gain captured+14.1% more to the capTODAY · SPY +4.2%

AJUL: reference +4.2% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

JULCBetween buffer and cap
Between buffer and capJULC: reference +4.3% since period start, fund +4.0%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Figures to Oct 13, 2026.10 pts+4.3%+13.9% more to the cap−10.0% floor0% period start+18.2% capTODAY · SPY +4.3%Between buffer and capJULC: reference +4.3% since period start, fund +4.0%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Figures to Oct 13, 2026.−10.0% floor0% start+18.2% cap10 pts of buffer+4.3% gain captured+13.9% more to the capTODAY · SPY +4.3%

JULC: reference +4.3% since period start, fund +4.0%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Figures to Oct 13, 2026.

JULC: reference +4.3% since period start, fund +4.0%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Figures to Oct 13, 2026.

These are two different products. AJUL is a floor fund, which caps how far a holder can fall. JULC 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. JULC has 260 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

JULC resets first, on Jun 30, 2027, 260 days from now; AJUL runs to Jun 30, 2028, 626 days. A fall from here reaches AJUL’s buffer after 1.6% and JULC’s after 4.2%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AJUL vs JULC: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowAJULJULCAJULJULC
3 months+1.1%+2.8%−2.4 pts−0.7 pts
6 months+2.9%not published−9.1 ptsnot published
1 year+6.4%not published−11.0 ptsnot published
Since launch
Not the same days: AJUL Jul 2024 · JULC Jul 2026
+17.8%+3.8%−24.9 pts−0.7 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

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
JULC
Corgi U.S. Equities 10% Structured Buffer ETF - July Series · Absorbs the first 10% of loss on SPY and caps the gain at 18.2%, over a period ending Jun 30, 2027
Reference index SPY SPY
Buffer 100% 10%
Outcome period Jun 30, 2026 to Jun 30, 2028 Jul 1, 2026 to Jun 30, 2027
Days left 626 260
Starting cap +18.3% +18.2%
Can still gain 16.5% not published
Fall before buffer 1.6% 4.2%
Protection left, index points 100.0% of 100.0% 10.0% of 10.0%
Index return this period +4.2% +4.3%
Fund return this period +1.4% +4.0%
State today Open Open
Expense ratio 0.79% 0.30%
Net assets $98m $2m

As of Oct 13, 2026. Source: ETFIQ.

About AJUL

From its price on Oct 13, 2026, the fund can gain about 16.5% 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 figure. In index terms, SPY can fall 4.0% 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. 626 days remained on Oct 13, 2026. On Jun 30, 2028 the period ends and a new cap is set.

About JULC

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. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 260 days remained on Oct 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.

Questions people ask

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

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 JULC, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/ajul-vs-julc

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.