Which has more room to gain, BFEB or FEBP?

From their prices on Oct 9, 2026, BFEB can gain about 5.3% before its cap and FEBP about 4.1%, so BFEB has more room left this period.

Which resets first, BFEB or FEBP?

BFEB ends its outcome period on Jan 31, 2027 and FEBP on Jan 31, 2027. A new cap is set the day after each.

Which is cheaper, BFEB or FEBP?

BFEB charges 0.79% a year and FEBP charges 0.50%, so FEBP is cheaper. Fees come from each fund's prospectus.

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BFEB vs FEBP: Cap, Buffer & Days Left

As of Oct 9, 2026 BFEB can fall 9.8% before its buffer engages and FEBP 8.9%. Net assets on Oct 9, 2026: $208m for Innovator U.S. Equity Buffer ETF - Feb and $30m for PGIM S&P 500 Buffer 12 ETF - February.

FEBP costs 0.29 points a year less; their one-year returns differ by 1.5 points; BFEB is 7.0 times larger.

	BFEB	FEBP
Expense ratio	0.79%	0.50%
Net assets	$208m	$30m
Total return, 1 year	+15.4%	+13.9%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	11.1%

9.8%

BFEB can fall this far before its buffer

8.9%

FEBP can fall this far before its buffer

5.3%

BFEB can still gain

4.1%

FEBP can still gain

BFEBBetween buffer and cap

BFEB: reference +12.5% since period start, fund +10.2%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Figures to Oct 9, 2026.

FEBPBetween buffer and cap

FEBP: reference +12.5% since period start, fund +9.2%; buffer 0 to −12; cap +14.2%; Between buffer and cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · FEBP scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

BFEB 19.2

FEBP 52.6

0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

BFEB resets first, on Jan 31, 2027, 114 days from now; FEBP runs to Jan 31, 2027, 114 days. BFEB can still gain 5.3% before its cap, FEBP 4.1%. A fall from here reaches BFEB’s buffer after 9.8% and FEBP’s after 8.9%. 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	BFEB	FEBP	BFEB	FEBP
3 months	+3.2%	+3.2%	0.0 pts	+0.1 pts
6 months	+11.0%	+9.8%	−3.5 pts	−4.8 pts
1 year	+15.4%	+13.9%	−0.6 pts	−2.1 pts
3 years	+61.8%	not published	−17.4 pts	not published

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

BFEB

Innovator U.S. Equity Buffer ETF - Feb · Absorbs the first 9% of loss on SPY and caps the gain at 16.6%, over a period ending Jan 31, 2027

FEBP

PGIM S&P 500 Buffer 12 ETF - February · Absorbs the first 12% of loss on SPY and caps the gain at 14.2%, over a period ending Jan 31, 2027

Issuer Innovator PGIM

Reference index SPY SPY

Buffer 9% 12%

Outcome period Jan 31, 2026 to Jan 31, 2027 Feb 1, 2026 to Jan 31, 2027

Days left 114 114

Starting cap +16.6% +14.2%

Can still gain 5.3% 4.1%

Fall before buffer 9.8% 8.9%

Protection left, index points 9.0% of 9.0% 12.0% of 12.0%

Index return this period +12.5% +12.5%

Fund return this period +10.2% +9.2%

State today Open Open

Expense ratio 0.79% 0.50%

Net assets $208m $30m

As of Oct 9, 2026. Source: ETFIQ.

BFEB in plain words

From its price on Oct 9, 2026, the fund can gain about 5.3% more before it reaches its cap. The fund's price can fall 9.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 114 days remained on Oct 9, 2026. On Jan 31, 2027 the period ends and a new cap is set.

FEBP in plain words

From its price on Oct 9, 2026, the fund can gain about 4.1% more before it reaches its cap. The fund's price can fall 8.9% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BFEB or FEBP?: From their prices on Oct 9, 2026, BFEB can gain about 5.3% before its cap and FEBP about 4.1%, so BFEB has more room left this period.
Which resets first, BFEB or FEBP?: BFEB ends its outcome period on Jan 31, 2027 and FEBP on Jan 31, 2027. A new cap is set the day after each.
Which is cheaper, BFEB or FEBP?: BFEB charges 0.79% a year and FEBP charges 0.50%, so FEBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

BFEB vs DDTF BFEB vs DDFF BFEB vs DJAN BFEB vs CPSY FEBP vs FEBW FEBP vs UFEB FEBP vs FEBT FEBP vs ZFEB

SPY →BFEB on its own →FEBP on its own →How every figure is computed →Standards and sources →

Where these figures came from

BFEB filings on SEC EDGAR ↗Innovator page for BFEB ↗FEBP filings on SEC EDGAR ↗PGIM website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, BFEB against FEBP, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bfeb-vs-febp

Open data

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