Data as of Nov 4, 2026.
BJUL vs FJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 FJUN can fall 3.4% before its buffer engages and BJUL 2.9%, and FJUN resets 13 days sooner.
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Net assets: $361m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Jul, and $1.4bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - June.
BJUL: reference +2.6% since period start, fund +2.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Data to Nov 4, 2026.
BJUL: reference +2.6% since period start, fund +2.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Data to Nov 4, 2026.FJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.
FJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
BJUL costs 0.06 points a year less; their one-year returns differ by 2.0 points; FJUN is 3.9 times larger.
Points (pts) are percentage points.
| Measure | BJUL | FJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.6% | +9.6% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $356m | $1.4bn |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
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 →
Risk and return
Jul 2, 2020 to Oct 30, 2026 · 330 weekly returns · each against SPYFrom Jul 2020 to Oct 2026, BJUL returned slightly more: +103.4% to +98.4%. FJUN swung less: 9.4% to 10.4%. FJUN fell slightly less at its worst: −11.8% to −13.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BJUL | FJUN | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +103.4% | +98.4% | BJUL (slight) | Price change plus distributions, reinvested. | |
| Annualized | +11.8% | +11.4% | BJUL (slight) | Total return as a yearly rate. | |
| Price return | +103.4% | +98.4% | BJUL (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 10.4% | 9.4% | FJUN | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 6.7% | 6.0% | FJUN | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −13.0% | −11.8% | FJUN (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 52.5% | 46.9% | 100.0% | BJUL | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 68.8% | 62.9% | 100.0% | FJUN (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.63 | 0.57 | 1.00 | FJUN lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.92 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.83 | 0.87 | FJUN (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.28 | 1.35 | FJUN (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.136 | 0.142 | 0.134 | FJUN (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.91 | 0.97 | FJUN (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | +0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.09 | 0.45 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.2% to +2.4% | −1.6% to +2.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.74 | −0.73 | FJUN (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.5% | 7.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 330 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | BJUL | FJUN | BJUL | FJUN |
| 3 months | +0.3% | +0.5% | +0.7 pts | +0.8 pts |
| 6 months | +4.7% | +3.7% | +0.2 pts | −0.8 pts |
| 1 year | +11.6% | +9.6% | −1.9 pts | −4.0 pts |
| 3 years | +59.5% | +49.5% | −16.9 pts | −26.9 pts |
| Since launchNot the same days: BJUL Aug 2018 · FJUN Jun 2020 | +117.4% | +101.6% | −45.7 pts | −45.3 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
FJUN resets first, on Jun 17, 2027, 225 days from now; BJUL runs to Jun 30, 2027, 238 days. BJUL can still gain 14.8% before its cap, FJUN 12.6%. A fall from here reaches BJUL’s buffer after 2.9% and FJUN’s after 3.4%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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BJUL
From its price on Nov 4, 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 number. In index terms, SPY can fall 2.6% 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. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.
FJUN
From its price on Nov 4, 2026, the fund can gain about 12.6% more before it reaches its cap. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 225 days remained on Nov 4, 2026. On Jun 17, 2027 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. 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 number 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 number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BJUL against FJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjul-vs-fjun
ETFIQ. (Nov 4, 2026). BJUL against FJUN. Retrieved from https://etfiq.com/compare/buffer/bjul-vs-fjun
[BJUL against FJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/bjul-vs-fjun)
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