Data as of .
BJUL vs FJUL: which one stands where?
As of Sep 13, 2026 FJUL can fall 2.9% before its buffer engages and BJUL 2.1%, and BJUL resets 16 days sooner.
ETFIQ Downside Cover Score: FJUL scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
A percentile among the 293 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
Where each one stands today
BJUL resets first, on Jun 30, 2027, 292 days from now; FJUL runs to Jul 16, 2027, 308 days. BJUL can still gain 15.6% before its cap, FJUL 13.5%. A fall from here reaches BJUL’s buffer after 2.1% and FJUL’s after 2.9%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| BJUL | FJUL | BJUL | FJUL | |
| 3 months | +2.6% | +3.4% | −0.7 pts | +0.1 pts |
| 6 months | +10.6% | +10.9% | −5.4 pts | −5.1 pts |
| 1 year | +12.5% | +12.6% | −5.0 pts | −4.9 pts |
| 3 years | +56.0% | +55.2% | −21.8 pts | −22.7 pts |
| 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 | FJUL FT Vest U.S. Equity Buffer ETF - July Absorbs the first 10% of loss on SPY and caps the gain at 16.8%, over a period ending Jul 16, 2027 | |
|---|---|---|
| Issuer | Innovator | First Trust |
| Reference index | SPY | SPY |
| Buffer | 9% | 10% |
| Outcome period | Jun 30, 2026 to Jun 30, 2027 | Jul 20, 2026 to Jul 16, 2027 |
| Days left | 292 | 308 |
| Starting cap | +18.1% | +16.8% |
| Can still gain | 15.6% | 13.5% |
| Fall before buffer | 2.1% | 2.9% |
| Protection left, index points | 9.0% of 9.0% | 10.0% of 10.0% |
| Index return this period | +2.3% | +2.8% |
| Fund return this period | +2.0% | +2.1% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.85% |
BJUL in plain words
From its price on Sep 13, 2026, the fund can gain about 15.6% more before it reaches its cap. The fund's price can fall 2.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% 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. 292 days remained on Sep 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.
FJUL in plain words
From its price on Sep 13, 2026, the fund can gain about 13.5% 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 2.8% 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. 308 days remained on Sep 13, 2026. On Jul 16, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, BJUL or FJUL?
- From their prices on Sep 13, 2026, BJUL can gain about 15.6% before its cap and FJUL about 13.5%, so BJUL has more room left this period.
- Which resets first, BJUL or FJUL?
- BJUL ends its outcome period on Jun 30, 2027 and FJUL on Jul 16, 2027. A new cap is set the day after each.
- Which is cheaper, BJUL or FJUL?
- BJUL charges 0.79% a year and FJUL charges 0.85%, so BJUL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BJUL against FJUL, data as of Sep 13, 2026. https://etfiq.com/compare/buffer/bjul-vs-fjul Free to use with attribution; the underlying files are at Open data.