BJAN vs SIXJ: Cap, Buffer & Days Left

As of Oct 9, 2026 BJAN can fall 10.9% before its buffer engages and SIXJ 3.7%. Net assets: $351m on Oct 9, 2026 for Innovator U.S. Equity Buffer ETF - Jan, and $153m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan.

SIXJ costs 0.05 points a year less; their one-year returns differ by 2.4 points; BJAN is 2.3 times larger.

BJANSIXJ
Expense ratio0.79%0.74%
Net assets, as of Oct 8, 2026$350m$153m
Total return, 1 year+15.3%+12.9%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer12.4%4.1%
10.9%
BJAN can fall this far before its buffer
3.7%
SIXJ can fall this far before its buffer
3.9%
BJAN can still gain
4.3%
SIXJ can still gain
BJANBetween buffer and cap
Between buffer and capBJAN: reference +14.2% since period start, fund +11.4%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 9, 2026.9 pts of buffer+14.2% gain captured−9.0% floor0% period start+16.5% cap+2.3% more to the capTODAY · SPY +14.2%Between buffer and capBJAN: reference +14.2% since period start, fund +11.4%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 9, 2026.9 pts+14.2% gained−9.0% floor0% start+16.5% cap+2.3% more to the capTODAY · SPY +14.2%

BJAN: reference +14.2% since period start, fund +11.4%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 9, 2026.

BJAN: reference +14.2% since period start, fund +11.4%; buffer 0 to −9; cap +16.5%; Between buffer and cap. Figures to Oct 9, 2026.

SIXJBetween buffer and cap
Between buffer and capSIXJ: reference +4.3% since period start, fund +3.4%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Figures to Oct 9, 2026.10 pts of buffer+4.3% gained−10.0% floor0% period start+8.2% cap+3.9% more to the capTODAY · SPY +4.3%Between buffer and capSIXJ: reference +4.3% since period start, fund +3.4%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Figures to Oct 9, 2026.10 pts−10.0% floor0% start+8.2% cap+4.3% gain captured+3.9% more to the capTODAY · SPY +4.3%

SIXJ: reference +4.3% since period start, fund +3.4%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Figures to Oct 9, 2026.

SIXJ: reference +4.3% since period start, fund +3.4%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · SIXJ 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, 83 days from now; SIXJ runs to Dec 31, 2026, 83 days. BJAN can still gain 3.9% before its cap, SIXJ 4.3%. A fall from here reaches BJAN’s buffer after 10.9% and SIXJ’s after 3.7%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference's price return
WindowBJANSIXJBJANSIXJ
3 months+3.4%+2.8%+0.2 pts−0.3 pts
6 months+11.0%+9.3%−3.5 pts−5.3 pts
1 year+15.3%+12.9%−0.7 pts−3.1 pts
3 years+64.4%+52.3%−14.8 pts−26.9 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →

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
SIXJ
AllianzIM U.S. Equity Buffer10 ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 8.2%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 9% 10%
Outcome period Dec 31, 2025 to Dec 31, 2026 Jul 1, 2026 to Dec 31, 2026
Days left 83 83
Starting cap +16.5% +8.2%
Can still gain 3.9% 4.3%
Fall before buffer 10.9% 3.7%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +14.2% +4.3%
Fund return this period +11.4% +3.4%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets, BJAN as of Oct 9, 2026 and SIXJ as of Oct 8, 2026 $351m $153m

As of Oct 9, 2026. Source: ETFIQ.

BJAN in plain words

From its price on Oct 9, 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 12.4% 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. 83 days remained on Oct 9, 2026. On Dec 31, 2026 the period ends and a new cap is set.

SIXJ in plain words

From its price on Oct 9, 2026, the fund can gain about 4.3% more before it reaches its cap. The fund's price can fall 3.7% 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: 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 SIXJ?
From their prices on Oct 9, 2026, BJAN can gain about 3.9% before its cap and SIXJ about 4.3%, so SIXJ has more room left this period.
Which resets first, BJAN or SIXJ?
BJAN ends its outcome period on Dec 31, 2026 and SIXJ on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, BJAN or SIXJ?
BJAN charges 0.79% a year and SIXJ charges 0.74%, so SIXJ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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, BJAN against SIXJ, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bjan-vs-sixj

Open data

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