Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Buffer ETFs

BJAN vs JANT: Cap, Buffer & Days Left

Share
Share on XDownload as PDF

As of Nov 4, 2026 BJAN can fall 10.4% before its buffer engages and JANT 10.4%.

askIQ about this page

askIQ about BJAN and JANT

Net assets: $348m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Jan, and $55m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan.

At a glance
10.4%
BJAN can fall this far before its buffer
10.4%
JANT can fall this far before its buffer
4.4%
BJAN can still gain
3.8%
JANT can still gain
BJAN Between buffer and cap
Between buffer and capBJAN: reference +12.4% since period start, fund +10.8%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Data to Nov 4, 2026.9 pts of buffer+12.4% gain captured−9.0% floor0% period start+16.5% cap+4.1% more to the capTODAY · SPY +12.4%Between buffer and capBJAN: reference +12.4% since period start, fund +10.8%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Data to Nov 4, 2026.9 pts+12.4% gained−9.0% floor0% start+16.5% cap+4.1% more to the capTODAY · SPY +12.4%

BJAN: reference +12.4% since period start, fund +10.8%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Data to Nov 4, 2026.

BJAN: reference +12.4% since period start, fund +10.8%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Data to Nov 4, 2026.
JANT Between buffer and cap
Between buffer and capJANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+12.4% gain captured−10.0% floor0% period start+15.6% cap+3.2% more to the capTODAY · SPY +12.4%Between buffer and capJANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts+12.4% gained−10.0% floor0% start+15.6% cap+3.2% more to the capTODAY · SPY +12.4%

JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.

JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JANT costs 0.05 points a year less; their one-year returns differ by 0.5 points; BJAN is 6.2 times larger.

Points (pts) are percentage points.

BJAN vs JANT: Cap, Buffer & Days Left
MeasureBJANJANT
Return
Total return, 1 year+14.1%+13.6%
Drawdown
Index fall to the buffer11.0%11.1%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$343m$55m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · JANT scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score20.5BJAN27.9JANT

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: BJAN vs JANT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBJANJANTBJANJANT
3 months+1.3%+1.4%+1.7 pts+1.8 pts
6 months+5.2%+5.2%+0.7 pts+0.7 pts
1 year+14.1%+13.6%+0.5 pts0.0 pts
3 years+63.4%+59.7%−13.0 pts−16.7 pts
Since launchNot the same days: BJAN Jan 2019 · JANT Jan 2021+152.9%+83.6%−53.6 pts−24.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

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 JANT AllianzIM U.S. Equity Buffer10 ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 15.6%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 9% 10%
Outcome period Dec 31, 2025 to Dec 31, 2026 Jan 1, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +16.5% +15.6%
Can still gain 4.4% 3.8%
Fall before buffer 10.4% 10.4%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +12.4% +12.4%
Fund return this period +10.8% +10.7%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets, BJAN as of Nov 4, 2026 and JANT as of Nov 3, 2026 $348m $55m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BJAN resets first, on Dec 31, 2026, 57 days from now; JANT runs to Dec 31, 2026, 57 days. BJAN can still gain 4.4% before its cap, JANT 3.8%. A fall from here reaches BJAN’s buffer after 10.4% and JANT’s after 10.4%. Both track SPY, so what separates them is where each is in its own period.

Alert

BJAN flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
BJAN

From its price on Nov 4, 2026, the fund can gain about 4.4% more before it reaches its cap. The fund's price can fall 10.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.0% 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. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

JANT

From its price on Nov 4, 2026, the fund can gain about 3.8% more before it reaches its cap. In index terms, SPY can fall 11.1% 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.

Questions people ask

Which has more room to gain, BJAN or JANT?
From their prices on Nov 4, 2026, BJAN can gain about 4.4% before its cap and JANT about 3.8%, so BJAN has more room left this period.
Which resets first, BJAN or JANT?
BJAN ends its outcome period on Dec 31, 2026 and JANT on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, BJAN or JANT?
BJAN charges 0.79% a year and JANT charges 0.74%, so JANT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Sources and dates

Links are sources, not endorsements. 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 number 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 number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BJAN against JANT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjan-vs-jant

Open data →

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