Which has more room to gain, BJUL or JULP?

From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and JULP about 12.6%, so BJUL has more room left this period.

Which resets first, BJUL or JULP?

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

Which is cheaper, BJUL or JULP?

BJUL charges 0.79% a year and JULP charges 0.50%, so JULP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

BJUL vs JULP: Cap, Buffer & Days Left

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As of Nov 4, 2026 JULP can fall 3.1% before its buffer engages and BJUL 2.9%.

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Net assets on Nov 4, 2026: $361m for Innovator U.S. Equity Buffer ETF - Jul and $43m for PGIM S&P 500 Buffer 12 ETF - July.

BJUL on its own →JULP on its own →

At a glance

2.9%

BJUL can fall this far before its buffer

3.1%

JULP can fall this far before its buffer

14.8%

BJUL can still gain

12.6%

JULP can still gain

BJUL Between buffer and cap

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.

JULP Between buffer and cap

JULP: reference +2.7% since period start, fund +2.7%; buffer 0 to −12; cap +16.2%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JULP costs 0.29 points a year less; their one-year returns differ by 1.1 points; BJUL is 8.4 times larger.

Points (pts) are percentage points.

BJUL vs JULP: Cap, Buffer & Days Left
Measure	BJUL	JULP
Return
Measure	BJUL	JULP
Total return, 1 year	+11.6%	+10.5%
Drawdown
Measure	BJUL	JULP
Index fall to the buffer	2.6%
Benchmark
Measure	BJUL	JULP
What it tracks	SPY	SPY
Cost and size
Measure	BJUL	JULP
Expense ratio	0.79%	0.50%
Net assets	$361m	$43m
Holdings
Measure	BJUL	JULP
Holdings in common	not published

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

IQ Buffer Score20.5BJUL57.5JULP

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

BJUL 20.5

JULP 57.5

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: BJUL vs JULP: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	JULP	BJUL	JULP
3 months	+0.3%	+0.6%	+0.7 pts	+1.0 pts
6 months	+4.7%	+4.2%	+0.2 pts	−0.3 pts
1 year	+11.6%	+10.5%	−1.9 pts	−3.0 pts
3 years	+59.5%	–	−16.9 pts	–
Since launchNot the same days: BJUL Aug 2018 · JULP May 2024	+117.4%	+33.9%	−45.7 pts	−14.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

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 JULP PGIM S&P 500 Buffer 12 ETF - July · Absorbs the first 12% of loss on SPY and caps the gain at 16.2%, over a period ending Jun 30, 2027

Issuer Innovator PGIM

Reference index SPY SPY

Buffer 9% 12%

Outcome period Jun 30, 2026 to Jun 30, 2027 Jul 1, 2026 to Jun 30, 2027

Days left 238 238

Starting cap +18.1% +16.2%

Can still gain 14.8% 12.6%

Fall before buffer 2.9% 3.1%

Protection left, index points 9.0% of 9.0% 12.0% of 12.0%

Index return this period +2.6% +2.7%

Fund return this period +2.6% +2.7%

State today Open Open

Expense ratio 0.79% 0.50%

Net assets $361m $43m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BJUL resets first, on Jun 30, 2027, 238 days from now; JULP runs to Jun 30, 2027, 238 days. BJUL can still gain 14.8% before its cap, JULP 12.6%. A fall from here reaches BJUL’s buffer after 2.9% and JULP’s after 3.1%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

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.

JULP

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 3.1% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUL or JULP?: From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and JULP about 12.6%, so BJUL has more room left this period.
Which resets first, BJUL or JULP?: BJUL ends its outcome period on Jun 30, 2027 and JULP on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or JULP?: BJUL charges 0.79% a year and JULP charges 0.50%, so JULP is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs DDFL BJUL vs ZJUL BJUL vs UJAN BJUL vs JULW JULP vs JULW JULP vs PJUL JULP vs JULT JULP vs PMJL

Where to next

SPY →BJUL on its own →JULP on its own →Method →Standards and sources →

Sources and dates

BJUL filings on SEC EDGAR ↗

Innovator page for BJUL ↗

JULP filings on SEC EDGAR ↗

PGIM website ↗

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 JULP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjul-vs-julp

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