Which has more room to gain, BJUL or JULW?

From their prices on Oct 13, 2026, BJUL can gain about 13.8% before its cap and JULW about 8.5%, so BJUL has more room left this period.

Which resets first, BJUL or JULW?

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

Which is cheaper, BJUL or JULW?

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

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BJUL vs JULW: Cap, Buffer & Days Left

As of Oct 13, 2026 BJUL can fall 3.7% before its buffer engages and JULW 3.4%. Net assets on Oct 13, 2026: $364m for Innovator U.S. Equity Buffer ETF - Jul and $257m for AllianzIM U.S. Equity Buffer20 ETF - Jul.

JULW costs 0.05 points a year less; their one-year returns differ by 4.4 points; BJUL is 1.4 times larger.

Points (pts) are percentage points.

BJUL vs JULW: Cap, Buffer & Days Left
	BJUL	JULW
Expense ratio	0.79%	0.74%
Net assets	$364m	$257m
Total return, 1 year	+13.6%	+9.2%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%

3.7%

BJUL can fall this far before its buffer

3.4%

JULW can fall this far before its buffer

13.8%

BJUL can still gain

8.5%

JULW can still gain

BJULBetween buffer and cap

BJUL: reference +4.2% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.

JULWBetween buffer and cap

JULW: reference +4.2% since period start, fund +2.7%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Figures to Oct 13, 2026.

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

BJUL 20

JULW 95.4

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; JULW runs to Jun 30, 2027, 260 days. BJUL can still gain 13.8% before its cap, JULW 8.5%. A fall from here reaches BJUL’s buffer after 3.7% and JULW’s after 3.4%. 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 JULW: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	JULW	BJUL	JULW
3 months	+2.9%	+2.3%	−0.6 pts	−1.2 pts
6 months	+8.2%	+5.1%	−3.9 pts	−7.0 pts
1 year	+13.6%	+9.2%	−3.8 pts	−8.2 pts
3 years	+62.0%	+41.7%	−18.3 pts	−38.6 pts
Since launch Not the same days: BJUL Aug 2018 · JULW Jul 2020	+119.3%	+72.3%	−47.7 pts	−78.3 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

JULW

AllianzIM U.S. Equity Buffer20 ETF - Jul · Absorbs the first 20% of loss on SPY and caps the gain at 12.2%, over a period ending Jun 30, 2027

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 9% 20%

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

Days left 260 260

Starting cap +18.1% +12.2%

Can still gain 13.8% 8.5%

Fall before buffer 3.7% 3.4%

Protection left, index points 9.0% of 9.0% 20.0% of 20.0%

Index return this period +4.2% +4.2%

Fund return this period +3.6% +2.7%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets $364m $257m

As of Oct 13, 2026. Source: ETFIQ.

About BJUL

From its price on Oct 13, 2026, the fund can gain about 13.8% more before it reaches its cap. The fund's price can fall 3.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.0% 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. 260 days remained on Oct 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.

About JULW

From its price on Oct 13, 2026, the fund can gain about 8.5% 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 figure. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUL or JULW?: From their prices on Oct 13, 2026, BJUL can gain about 13.8% before its cap and JULW about 8.5%, so BJUL has more room left this period.
Which resets first, BJUL or JULW?: BJUL ends its outcome period on Jun 30, 2027 and JULW on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or JULW?: BJUL charges 0.79% a year and JULW charges 0.74%, so JULW is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs UJAN BJUL vs UJUL BJUL vs BOCT BJUL vs UOCT JULW vs PMJL JULW vs DJUN JULW vs UJUL JULW vs GJUN

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

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

Open data

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