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BJUL vs FJUL: Cap, Buffer & Days Left

As of Oct 13, 2026 FJUL can fall 4.3% before its buffer engages and BJUL 3.6%, and BJUL resets 16 days sooner. Net assets on Oct 12, 2026: $364m for Innovator U.S. Equity Buffer ETF - Jul and $1.4bn for FT Vest U.S. Equity Buffer ETF - July.

BJUL costs 0.06 points a year less; their one-year returns differ by 0.1 points; FJUL is 3.9 times larger.

Points (pts) are percentage points.

BJUL vs FJUL: Cap, Buffer & Days Left
BJULFJUL
Expense ratio0.79%0.85%
Net assets, as of Oct 12, 2026$364m$1.4bn
Total return, 1 year+14.7%+14.8%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer3.9%4.4%
3.6%
BJUL can fall this far before its buffer
4.3%
FJUL can fall this far before its buffer
13.9%
BJUL can still gain
12.0%
FJUL can still gain
BJULBetween buffer and cap
Between buffer and capBJUL: reference +4.1% since period start, fund +3.5%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.9 pts of buffer+4.1%+14.1% more to the cap−9.0% floor0% period start+18.1% capTODAY · SPY +4.1%Between buffer and capBJUL: reference +4.1% since period start, fund +3.5%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.9 pts+14.1% to cap−9.0% floor0% start+18.1% cap+4.1% gain capturedTODAY · SPY +4.1%

BJUL: reference +4.1% since period start, fund +3.5%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.

BJUL: reference +4.1% since period start, fund +3.5%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.

FJULBetween buffer and cap
Between buffer and capFJUL: reference +4.6% since period start, fund +3.5%; buffer 0 to −10; cap +16.8%; Between buffer and cap. Figures to Oct 13, 2026.10 pts of buffer+4.6% gained+12.3% more to the cap−10.0% floor0% period start+16.8% capTODAY · SPY +4.6%Between buffer and capFJUL: reference +4.6% since period start, fund +3.5%; buffer 0 to −10; cap +16.8%; Between buffer and cap. Figures to Oct 13, 2026.10 pts−10.0% floor0% start+16.8% cap+4.6% gain captured+12.3% more to the capTODAY · SPY +4.6%

FJUL: reference +4.6% since period start, fund +3.5%; buffer 0 to −10; cap +16.8%; Between buffer and cap. Figures to Oct 13, 2026.

FJUL: reference +4.6% since period start, fund +3.5%; buffer 0 to −10; cap +16.8%; Between buffer and cap. Figures to Oct 13, 2026.

ETFIQ Downside Cover Score · FJUL 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

BJUL resets first, on Jun 30, 2027, 260 days from now; FJUL runs to Jul 16, 2027, 276 days. BJUL can still gain 13.9% before its cap, FJUL 12.0%. A fall from here reaches BJUL’s buffer after 3.6% and FJUL’s after 4.3%. 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 FJUL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBJULFJULBJULFJUL
3 months+3.2%+3.8%−0.7 pts−0.1 pts
6 months+8.8%+9.2%−4.6 pts−4.2 pts
1 year+14.7%+14.8%−4.4 pts−4.4 pts
3 years+62.0%+60.7%−18.3 pts−19.6 pts
Since launch
Not the same days: BJUL Aug 2018 · FJUL Jul 2020
+119.3%+103.4%−47.7 pts−36.5 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

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 260 276
Starting cap +18.1% +16.8%
Can still gain 13.9% 12.0%
Fall before buffer 3.6% 4.3%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +4.1% +4.6%
Fund return this period +3.5% +3.5%
State today Open Open
Expense ratio 0.79% 0.85%
Net assets, as of Oct 12, 2026 $364m $1.4bn

As of Oct 13, 2026. Source: ETFIQ.

About BJUL

From its price on Oct 13, 2026, the fund can gain about 13.9% more before it reaches its cap. The fund's price can fall 3.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.9% 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 FJUL

From its price on Oct 13, 2026, the fund can gain about 12.0% more before it reaches its cap. The fund's price can fall 4.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.4% 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. 276 days remained on Oct 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 Oct 13, 2026, BJUL can gain about 13.9% before its cap and FJUL about 12.0%, 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
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SPY →BJUL on its own →FJUL 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 ↗FJUL filings on SEC EDGAR ↗First Trust page for FJUL ↗

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 FJUL, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/bjul-vs-fjul

Open data

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