Which resets first, BJUL or JULU?

BJUL ends its outcome period on Jun 30, 2027 and JULU on Jun 30, 2027. New terms are 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.

Data as of Nov 4, 2026.

Buffer ETFs

BJUL vs JULU: Cap, Buffer & Days Left

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As of Nov 4, 2026 BJUL can fall 2.9% before its buffer engages and JULU 1.9%.

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Net assets: $361m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Jul, and $79m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul.

BJUL on its own →JULU on its own →

At a glance

2.9%

BJUL can fall this far before its buffer

1.9%

JULU can fall this far before its buffer

14.8%

BJUL can still gain

uncapped

JULU 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.

JULU No cap

JULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Pair scorecard

JULU costs 0.05 points a year less; their one-year returns differ by 1.7 points; BJUL is 4.5 times larger.

Points (pts) are percentage points.

BJUL vs JULU: Cap, Buffer & Days Left
Measure	BJUL	JULU
Return
Measure	BJUL	JULU
Total return, 1 year	+11.6%	+9.9%
Drawdown
Measure	BJUL	JULU
Index fall to the buffer	2.6%
Benchmark
Measure	BJUL	JULU
What it tracks	SPY	SPY
Cost and size
Measure	BJUL	JULU
Expense ratio	0.79%	0.74%
Net assets, as of Nov 3, 2026	$356m	$79m
Holdings
Measure	BJUL	JULU
Holdings in common	not published

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

IQ Buffer Score20.5BJUL83.2JULU

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

JULU 83.2

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 JULU: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	JULU	BJUL	JULU
3 months	+0.3%	+0.1%	+0.7 pts	+0.5 pts
6 months	+4.7%	+2.9%	+0.2 pts	−1.6 pts
1 year	+11.6%	+9.9%	−1.9 pts	−3.7 pts
3 years	+59.5%	–	−16.9 pts	–
Since launchNot the same days: BJUL Aug 2018 · JULU Jul 2024	+117.4%	+29.3%	−45.7 pts	−11.3 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 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 238 238

Starting cap +18.1% uncapped

Can still gain 14.8% uncapped

Fall before buffer 2.9% 1.9%

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

Index return this period +2.6% +2.7%

Fund return this period +2.6% +1.2%

State today Open Uncapped

Expense ratio 0.79% 0.74%

Net assets, BJUL as of Nov 4, 2026 and JULU as of Nov 3, 2026 $361m $79m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BJUL resets first, on Jun 30, 2027, 238 days from now; JULU runs to Jun 30, 2027, 238 days. A fall from here reaches BJUL’s buffer after 2.9% and JULU’s after 1.9%. 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.

JULU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. On Jun 30, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, BJUL or JULU?: BJUL ends its outcome period on Jun 30, 2027 and JULU on Jun 30, 2027. New terms are 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 XBJL BJUL vs PBJL BJUL vs DDTL BJUL vs JUNM JULU vs DJUN JULU vs UJUL JULU vs GJUN JULU vs JULW

Where to next

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

Sources and dates

BJUL filings on SEC EDGAR ↗

Innovator page for BJUL ↗

JULU filings on SEC EDGAR ↗

AllianzIM page for JULU ↗

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

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