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BJAN vs JANT: Cap, Buffer & Days Left

As of Oct 13, 2026 BJAN can fall 10.9% before its buffer engages and JANT 10.8%. Net assets on Oct 13, 2026: $351m for Innovator U.S. Equity Buffer ETF - Jan and $62m for AllianzIM U.S. Equity Buffer10 ETF - Jan.

JANT costs 0.05 points a year less; their one-year returns differ by 0.6 points; BJAN is 5.7 times larger.

Points (pts) are percentage points.

BJAN vs JANT: Cap, Buffer & Days Left
BJANJANT
Expense ratio0.79%0.74%
Net assets$351m$62m
Total return, 1 year+15.9%+15.3%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer12.3%
10.9%
BJAN can fall this far before its buffer
10.8%
JANT can fall this far before its buffer
3.9%
BJAN can still gain
3.3%
JANT can still gain
BJANBetween buffer and cap
Between buffer and capBJAN: reference +14.1% since period start, fund +11.5%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 13, 2026.9 pts of buffer+14.1% gain captured−9.0% floor0% period start+16.5% cap+2.4% more to the capTODAY · SPY +14.1%Between buffer and capBJAN: reference +14.1% since period start, fund +11.5%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 13, 2026.9 pts+14.1% gained−9.0% floor0% start+16.5% cap+2.4% more to the capTODAY · SPY +14.1%

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.

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.

JANTBetween buffer and cap
Between buffer and capJANT: reference +14.1% since period start, fund +11.2%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Figures to Oct 13, 2026.10 pts of buffer+14.1% gain captured−10.0% floor0% period start+15.6% cap+1.5% more to the capTODAY · SPY +14.1%Between buffer and capJANT: reference +14.1% since period start, fund +11.2%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Figures to Oct 13, 2026.10 pts+14.1% gained−10.0% floor0% start+15.6% cap+1.5% more to the capTODAY · SPY +14.1%

JANT: reference +14.1% since period start, fund +11.2%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Figures to Oct 13, 2026.

JANT: reference +14.1% since period start, fund +11.2%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Figures to Oct 13, 2026.

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

BJAN resets first, on Dec 31, 2026, 79 days from now; JANT runs to Dec 31, 2026, 79 days. BJAN can still gain 3.9% before its cap, JANT 3.3%. A fall from here reaches BJAN’s buffer after 10.9% and JANT’s after 10.8%. 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 JANT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBJANJANTBJANJANT
3 months+3.5%+3.4%0.0 pts−0.1 pts
6 months+9.4%+9.1%−2.6 pts−3.0 pts
1 year+15.9%+15.3%−1.4 pts−2.1 pts
3 years+65.3%+61.5%−15.0 pts−18.8 pts
Since launch
Not the same days: BJAN Jan 2019 · JANT Jan 2021
+154.3%+84.4%−56.6 pts−26.5 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
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
Issuer Innovator AllianzIM
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 79 79
Starting cap +16.5% +15.6%
Can still gain 3.9% 3.3%
Fall before buffer 10.9% 10.8%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +14.1% +14.1%
Fund return this period +11.5% +11.2%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets $351m $62m

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 JANT

From its price on Oct 13, 2026, the fund can gain about 3.3% more before it reaches its cap. The fund's price can fall 10.8% from here before the buffer starts absorbing losses, by the issuer's figure. 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 Oct 13, 2026, BJAN can gain about 3.9% before its cap and JANT about 3.3%, 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
BJAN vs JANPBJAN vs XBJABJAN vs DDSQBJAN vs ZJANJANT vs UJANJANT vs XDECJANT vs EALTJANT vs SIXJ
SPY →BJAN on its own →JANT 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 ↗JANT filings on SEC EDGAR ↗AllianzIM page for JANT ↗

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 pageCitation, APA and Markdown

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

Open data

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