Which resets first, BJUL or JULU?

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

Which is cheaper, BJUL or JULU?

BJUL charges 0.79% a year and JULU charges 0.74%, so JULU is cheaper. Fees come from each fund's prospectus.

BJUL vs JULU: which one stands where?

As of Oct 2, 2026 BJUL can fall 2.9% before its buffer engages and JULU 2.4%. Innovator U.S. Equity Buffer ETF - Jul and AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul.

JULU costs 0.05 points a year less; their one-year returns differ by 1.1 points; BJUL is 4.5 times larger.

	BJUL	JULU
Expense ratio	0.79%	0.74%
Net assets	$360m	$80m
Total return, 1 year	+12.2%	+11.1%
What it tracks	SPY	SPY
Holdings in common	not published

2.9%

BJUL can fall this far before its buffer

2.4%

JULU can fall this far before its buffer

14.8%

BJUL can still gain

uncapped

JULU 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.

JULUNo cap

JULU: reference +3.1% since period start, fund +1.6%; buffer 0 to −15; no cap; No cap.

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

BJUL 16.5

JULU 83.8

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 →

Where each one stands today

BJUL resets first, on Jun 30, 2027, 271 days from now; JULU runs to Jun 30, 2027, 271 days. A fall from here reaches BJUL’s buffer after 2.9% and JULU’s after 2.4%. 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	JULU	BJUL	JULU
3 months	+3.1%	+2.0%	−0.5 pts	−1.6 pts
6 months	+11.6%	+13.5%	−6.3 pts	−4.4 pts
1 year	+12.2%	+11.1%	−4.0 pts	−5.1 pts
3 years	+63.6%	not published	−25.7 pts	not published

BJUL and JULU 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

JULU

AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Jun 30, 2027

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 9% 15%

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

Days left 271 271

Starting cap +18.1% uncapped

Can still gain 14.8% uncapped

Fall before buffer 2.9% 2.4%

Protection left, index points 9.0% of 9.0% 15.0% of 15.0%

Index return this period +3.1% +3.1%

Fund return this period +2.8% +1.6%

State today Open Uncapped

Expense ratio 0.79% 0.74%

Net assets $360m $80m

BJUL and JULU 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.

JULU in plain words

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which resets first, BJUL or JULU?: BJUL ends its outcome period on Jun 30, 2027 and JULU on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or JULU?: BJUL charges 0.79% a year and JULU charges 0.74%, so JULU is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs FOCT BJUL vs GJAN BJUL vs GJUN BJUL vs HJLY JULU vs JUNM JULU vs PBJL JULU vs PMJL JULU vs TJUL

SPY →BJUL on its own →JULU 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 ↗JULU filings on SEC EDGAR ↗AllianzIM page for JULU ↗

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 JULU, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bjul-vs-julu

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.