Which has more room to gain, BJUL or DJAN?

From their prices on Oct 2, 2026, BJUL can gain about 14.8% before its cap and DJAN about 3.4%, so BJUL has more room left this period.

Which resets first, BJUL or DJAN?

BJUL ends its outcome period on Jun 30, 2027 and DJAN on Jan 15, 2027. A new cap is set the day after each.

Which is cheaper, BJUL or DJAN?

BJUL charges 0.79% a year and DJAN charges 0.85%, so BJUL is cheaper. Fees come from each fund's prospectus.

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BJUL vs DJAN: which one stands where?

As of Oct 2, 2026 DJAN can fall 12.1% before its buffer engages and BJUL 2.9%, and DJAN resets 166 days sooner. Innovator U.S. Equity Buffer ETF - Jul and FT Vest U.S. Equity Deep Buffer ETF - January.

BJUL costs 0.06 points a year less; their one-year returns differ by 1.4 points; DJAN is 1.3 times larger.

	BJUL	DJAN
Expense ratio	0.79%	0.85%
Net assets	$360m	$453m
Total return, 1 year	+12.2%	+10.8%
What it tracks	SPY	SPY
Holdings in common	not published

2.9%

BJUL can fall this far before its buffer

12.1%

DJAN can fall this far before its buffer

14.8%

BJUL can still gain

3.4%

DJAN can still gain

BJULBetween buffer and cap

BJUL: reference +3.1% since period start, fund +2.8%; buffer 0 to −9; cap +18.1%; Between buffer and cap.

DJANBetween buffer and cap

DJAN: reference +11.3% since period start, fund +7.1%; buffer −5 to −30; cap +11.6%; Between buffer and cap.

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

BJUL 16.5

DJAN 9.7

0.2, the lowest in this set99.8, the highest

A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

They do not reset together. DJAN has 105 days of its period left and BJUL has 271, so the two are not the same bet on the same months.

Where each one stands today

DJAN resets first, on Jan 15, 2027, 105 days from now; BJUL runs to Jun 30, 2027, 271 days. BJUL can still gain 14.8% before its cap, DJAN 3.4%. A fall from here reaches BJUL’s buffer after 2.9% and DJAN’s after 12.1%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	BJUL	DJAN	BJUL	DJAN
3 months	+3.1%	+2.8%	−0.5 pts	−0.8 pts
6 months	+11.6%	+9.5%	−6.3 pts	−8.4 pts
1 year	+12.2%	+10.8%	−4.0 pts	−5.5 pts
3 years	+63.6%	+45.8%	−25.7 pts	−43.5 pts

BJUL and DJAN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

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

DJAN

FT Vest U.S. Equity Deep Buffer ETF - January · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 11.6%, over a period ending Jan 15, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 9% 5% to 30%

Outcome period Jun 30, 2026 to Jun 30, 2027 Jan 20, 2026 to Jan 15, 2027

Days left 271 105

Starting cap +18.1% +11.6%

Can still gain 14.8% 3.4%

Fall before buffer 2.9% 12.1%

Protection left, index points 9.0% of 9.0% 25.0% of 25.0%

Index return this period +3.1% +11.3%

Fund return this period +2.8% +7.1%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets $360m $453m

BJUL and DJAN on the same fields, as of Oct 2, 2026. Source: ETFIQ.

BJUL in plain words

From its price on Oct 2, 2026, the fund can gain about 14.8% more before it reaches its cap. The fund's price can fall 2.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.0% 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. 271 days remained on Oct 2, 2026. On Jun 30, 2027 the period ends and a new cap is set.

DJAN in plain words

From its price on Oct 2, 2026, the fund can gain about 3.4% more before it reaches its cap. The fund's price can fall 12.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 14.6% 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. 105 days remained on Oct 2, 2026. On Jan 15, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BJUL or DJAN?: From their prices on Oct 2, 2026, BJUL can gain about 14.8% before its cap and DJAN about 3.4%, so BJUL has more room left this period.
Which resets first, BJUL or DJAN?: BJUL ends its outcome period on Jun 30, 2027 and DJAN on Jan 15, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or DJAN?: BJUL charges 0.79% a year and DJAN charges 0.85%, so BJUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs TJUL BJUL vs UAPR BJUL vs UJAN BJUL vs UJUL DJAN vs FEBU DJAN vs FEBW DJAN vs FJAN DJAN vs FOCT

SPY →BJUL on its own →DJAN 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 ↗DJAN filings on SEC EDGAR ↗First Trust page for DJAN ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BJUL against DJAN, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bjul-vs-djan

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.