A
vs
B
Share
Open in the appCompare their flowsAsk IQ about these two funds

BJUL vs DAPR: Cap, Buffer & Days Left

As of Oct 13, 2026 DAPR can fall 10.7% before its buffer engages and BJUL 3.7%, and DAPR resets 75 days sooner. Net assets on Oct 13, 2026: $364m for Innovator U.S. Equity Buffer ETF - Jul and $331m for FT Vest U.S. Equity Deep Buffer ETF - April.

BJUL costs 0.06 points a year less; their one-year returns differ by 4.6 points; BJUL is 1.1 times larger.

Points (pts) are percentage points.

BJUL vs DAPR: Cap, Buffer & Days Left
BJULDAPR
Expense ratio0.79%0.85%
Net assets$364m$331m
Total return, 1 year+13.6%+9.0%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer4.0%13.3%
3.7%
BJUL can fall this far before its buffer
10.7%
DAPR can fall this far before its buffer
13.8%
BJUL can still gain
5.5%
DAPR can still gain
BJULBetween buffer and cap
Between buffer and capBJUL: reference +4.2% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.9 pts of buffer+4.2%+14% more to the cap−9.0% floor0% period start+18.1% capTODAY · SPY +4.2%Between buffer and capBJUL: reference +4.2% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.−9.0% floor0% start+18.1% cap9 pts of buffer+4.2% gain captured+14% more to the capTODAY · SPY +4.2%

BJUL: reference +4.2% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.

BJUL: reference +4.2% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.

DAPRBetween buffer and cap
Between buffer and capDAPR: reference +9.6% since period start, fund +5.4%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Figures to Oct 13, 2026.25 pts of buffer+9.6% gained−30.0% floor−5.0% buffer start0% period start+12.0% capfirst 5 pts are yours to lose+2.5% more to the capTODAY · SPY +9.6%Between buffer and capDAPR: reference +9.6% since period start, fund +5.4%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Figures to Oct 13, 2026.25 pts of buffer+9.6%−30.0% floor−5.0% buffer start0% start+12.0% capfirst 5 pts are yours to lose+2.5% more to the capTODAY · SPY +9.6%

DAPR: reference +9.6% since period start, fund +5.4%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Figures to Oct 13, 2026.

DAPR: reference +9.6% since period start, fund +5.4%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Figures to Oct 13, 2026.

ETFIQ Downside Cover Score · DAPR 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 →

They do not reset together. DAPR has 185 days of its period left and BJUL has 260, so the two are not the same bet on the same months.

Where each one stands today

DAPR resets first, on Apr 16, 2027, 185 days from now; BJUL runs to Jun 30, 2027, 260 days. BJUL can still gain 13.8% before its cap, DAPR 5.5%. A fall from here reaches BJUL’s buffer after 3.7% and DAPR’s after 10.7%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: BJUL vs DAPR: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBJULDAPRBJULDAPR
3 months+2.9%+2.6%−0.6 pts−0.9 pts
6 months+8.2%+5.4%−3.9 pts−6.7 pts
1 year+13.6%+9.0%−3.8 pts−8.4 pts
3 years+62.0%+37.9%−18.3 pts−42.4 pts
Since launch
Not the same days: BJUL Aug 2018 · DAPR Apr 2021
+119.3%+40.2%−47.7 pts−47.1 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

BJUL
Innovator U.S. Equity Buffer ETF - Jul · Absorbs the first 9% of loss on SPY and caps the gain at 18.1%, over a period ending Jun 30, 2027
DAPR
FT Vest U.S. Equity Deep Buffer ETF - April · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 12.0%, over a period ending Apr 16, 2027
Issuer Innovator First Trust
Reference index SPY SPY
Buffer 9% 5% to 30%
Outcome period Jun 30, 2026 to Jun 30, 2027 Apr 20, 2026 to Apr 16, 2027
Days left 260 185
Starting cap +18.1% +12.0%
Can still gain 13.8% 5.5%
Fall before buffer 3.7% 10.7%
Protection left, index points 9.0% of 9.0% 25.0% of 25.0%
Index return this period +4.2% +9.6%
Fund return this period +3.6% +5.4%
State today Open Open
Expense ratio 0.79% 0.85%
Net assets $364m $331m

As of Oct 13, 2026. Source: ETFIQ.

About BJUL

From its price on Oct 13, 2026, the fund can gain about 13.8% 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 4.0% 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. 260 days remained on Oct 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.

About DAPR

From its price on Oct 13, 2026, the fund can gain about 5.5% more before it reaches its cap. The fund's price can fall 10.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.3% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 185 days remained on Oct 13, 2026. On Apr 16, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BJUL or DAPR?
From their prices on Oct 13, 2026, BJUL can gain about 13.8% before its cap and DAPR about 5.5%, so BJUL has more room left this period.
Which resets first, BJUL or DAPR?
BJUL ends its outcome period on Jun 30, 2027 and DAPR on Apr 16, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or DAPR?
BJUL charges 0.79% a year and DAPR charges 0.85%, so BJUL is cheaper. Fees come from each fund's prospectus.
Other comparisons
BJUL vs BOCTBJUL vs UJULBJUL vs DJUNBJUL vs DOCTDAPR vs CMAYDAPR vs CTMADAPR vs DOCTDAPR vs BOCT
SPY →BJUL on its own →DAPR on its own →How every figure is computed →Standards and sources →
Where these figures came from
BJUL filings on SEC EDGAR ↗Innovator page for BJUL ↗DAPR filings on SEC EDGAR ↗First Trust page for DAPR ↗

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, BJUL against DAPR, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/bjul-vs-dapr

Open data

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