Which has more room to gain, BJAN or FLJJ?

From their prices on Oct 13, 2026, BJAN can gain about 3.9% before its cap and FLJJ about 3.7%, so BJAN has more room left this period.

Which resets first, BJAN or FLJJ?

BJAN ends its outcome period on Dec 31, 2026 and FLJJ on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, BJAN or FLJJ?

BJAN charges 0.79% a year and FLJJ charges 0.74%, so FLJJ is cheaper. Fees come from each fund's prospectus.

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BJAN vs FLJJ: Cap, Buffer & Days Left

As of Oct 13, 2026 BJAN can fall 10.9% before its buffer engages and FLJJ 8.0%. Net assets on Oct 13, 2026: $351m for Innovator U.S. Equity Buffer ETF - Jan and $9m for AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF - Jan.

FLJJ costs 0.05 points a year less; their one-year returns differ by 4.6 points; BJAN is far larger, $351m against $9m.

Points (pts) are percentage points.

BJAN vs FLJJ: Cap, Buffer & Days Left
	BJAN	FLJJ
Expense ratio	0.79%	0.74%
Net assets	$351m	$9m
Total return, 1 year	+15.9%	+11.3%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	12.3%	8.8%

10.9%

BJAN can fall this far before its buffer

8.0%

FLJJ can fall this far before its buffer

3.9%

BJAN can still gain

3.7%

FLJJ can still gain

BJANBetween buffer and cap

BJAN: reference +14.1% since period start, fund +11.5%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 13, 2026.

FLJJFull floor

FLJJ: reference +4.2% since period start, fund +2.9%; buffer −5 to floor; cap +7.0%; Full floor. Figures to Oct 13, 2026.

These are two different products. FLJJ is a floor fund, which caps how far a holder can fall. BJAN is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

BJAN resets first, on Dec 31, 2026, 79 days from now; FLJJ runs to Dec 31, 2026, 79 days. BJAN can still gain 3.9% before its cap, FLJJ 3.7%. A fall from here reaches BJAN’s buffer after 10.9% and FLJJ’s after 8.0%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: BJAN vs FLJJ: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJAN	FLJJ	BJAN	FLJJ
3 months	+3.5%	+2.4%	0.0 pts	−1.1 pts
6 months	+9.4%	+7.1%	−2.6 pts	−4.9 pts
1 year	+15.9%	+11.3%	−1.4 pts	−6.0 pts
3 years	+65.3%	not published	−15.0 pts	not published
Since launch Not the same days: BJAN Jan 2019 · FLJJ Feb 2024	+154.3%	+38.1%	−56.6 pts	−20.9 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

BJAN

Innovator U.S. Equity Buffer ETF - Jan · Absorbs the first 9% of loss on SPY and caps the gain at 16.5%, over a period ending Dec 31, 2026

FLJJ

AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF - Jan · Absorbs losses from 5.0% to 100.0% on SPY and caps the gain at 7.0%, over a period ending Dec 31, 2026

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 9% 5% to 100%

Outcome period Dec 31, 2025 to Dec 31, 2026 Jul 1, 2026 to Dec 31, 2026

Days left 79 79

Starting cap +16.5% +7.0%

Can still gain 3.9% 3.7%

Fall before buffer 10.9% 8.0%

Protection left, index points 9.0% of 9.0% 95.0% of 95.0%

Index return this period +14.1% +4.2%

Fund return this period +11.5% +2.9%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets $351m $9m

As of Oct 13, 2026. Source: ETFIQ.

About BJAN

From its price on Oct 13, 2026, the fund can gain about 3.9% more before it reaches its cap. The fund's price can fall 10.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 12.3% 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. 79 days remained on Oct 13, 2026. On Dec 31, 2026 the period ends and a new cap is set.

About FLJJ

From its price on Oct 13, 2026, the fund can gain about 3.7% more before it reaches its cap. The fund's price can fall 8.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 8.8% from today's level to the point where the buffer begins. Protection left, in index points: 95.0% of the 95.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJAN or FLJJ?: From their prices on Oct 13, 2026, BJAN can gain about 3.9% before its cap and FLJJ about 3.7%, so BJAN has more room left this period.
Which resets first, BJAN or FLJJ?: BJAN ends its outcome period on Dec 31, 2026 and FLJJ on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, BJAN or FLJJ?: BJAN charges 0.79% a year and FLJJ charges 0.74%, so FLJJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJAN vs PQX BJAN vs PMJA BJAN vs DDTJ BJAN vs PQXV FLJJ vs UJAN FLJJ vs EALT FLJJ vs PQX FLJJ vs PMJA

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

Where these figures came from

BJAN filings on SEC EDGAR ↗Innovator page for BJAN ↗FLJJ filings on SEC EDGAR ↗AllianzIM page for FLJJ ↗

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, BJAN against FLJJ, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/bjan-vs-fljj

Open data

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