Which has more room to gain, AJUL or XJUN?

From their prices on Oct 9, 2026, AJUL can gain about 16.5% before its cap and XJUN about 6.9%, so AJUL has more room left this period.

Which resets first, AJUL or XJUN?

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

Which is cheaper, AJUL or XJUN?

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

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AJUL vs XJUN: Cap, Buffer & Days Left

As of Oct 9, 2026 XJUN can fall 3.8% before its buffer engages and AJUL 1.6%, and XJUN resets 379 days sooner. Net assets on Oct 9, 2026: $98m for Innovator Equity Defined Protection ETF - Jul 2028 and $139m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June.

AJUL costs 0.06 points a year less; their one-year returns differ by 2.0 points; XJUN is 1.4 times larger.

	AJUL	XJUN
Expense ratio	0.79%	0.85%
Net assets	$98m	$139m
Total return, 1 year	+6.2%	+8.2%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.1%

1.6%

AJUL can fall this far before its buffer

3.8%

XJUN can fall this far before its buffer

16.5%

AJUL can still gain

6.9%

XJUN can still gain

AJULFull floor

AJUL: reference +4.3% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

XJUNBetween buffer and cap

XJUN: reference +4.3% since period start, fund +3.1%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. AJUL is a floor fund, which caps how far a holder can fall. XJUN 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. XJUN has 251 days of its period left and AJUL has 630, so the two are not the same bet on the same months.

Where each one stands today

XJUN resets first, on Jun 17, 2027, 251 days from now; AJUL runs to Jun 30, 2028, 630 days. AJUL can still gain 16.5% before its cap, XJUN 6.9%. A fall from here reaches AJUL’s buffer after 1.6% and XJUN’s after 3.8%. 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	XJUN	AJUL	XJUN
3 months	+1.1%	+2.6%	−2.0 pts	−0.6 pts
6 months	+3.4%	+4.8%	−11.2 pts	−9.8 pts
1 year	+6.2%	+8.2%	−9.8 pts	−7.8 pts
3 years	not published	+36.6%	not published	−42.6 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. 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

XJUN

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June · Absorbs the first 15% of loss on SPY and caps the gain at 11.0%, over a period ending Jun 17, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 100% 15%

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

Days left 630 251

Starting cap +18.3% +11.0%

Can still gain 16.5% 6.9%

Fall before buffer 1.6% 3.8%

Protection left, index points 100.0% of 100.0% 15.0% of 15.0%

Index return this period +4.3% +4.3%

Fund return this period +1.4% +3.1%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets $98m $139m

As of Oct 9, 2026. Source: ETFIQ.

AJUL in plain words

From its price on Oct 9, 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 4.1% 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. 630 days remained on Oct 9, 2026. On Jun 30, 2028 the period ends and a new cap is set.

XJUN in plain words

From its price on Oct 9, 2026, the fund can gain about 6.9% more before it reaches its cap. The fund's price can fall 3.8% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 251 days remained on Oct 9, 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 XJUN?: From their prices on Oct 9, 2026, AJUL can gain about 16.5% before its cap and XJUN about 6.9%, so AJUL has more room left this period.
Which resets first, AJUL or XJUN?: AJUL ends its outcome period on Jun 30, 2028 and XJUN on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, AJUL or XJUN?: AJUL charges 0.79% a year and XJUN charges 0.85%, so AJUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

AJUL vs DDFL AJUL vs ZJUL AJUL vs XBJL AJUL vs UJUL XJUN vs ZJUL XJUN vs DDTL XJUN vs TJUL XJUN vs JULU

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AJUL on its own →XJUN on its own →How every figure is computed →Standards and sources →

Where these figures came from

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

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 page

ETFIQ, AJUL against XJUN, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/ajul-vs-xjun

Open data

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