Which has more room to gain, BJUL or JUNM?

From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and JUNM about 4.9%, so BJUL has more room left this period.

Which resets first, BJUL or JUNM?

BJUL ends its outcome period on Jun 30, 2027 and JUNM on Jun 17, 2027. A new cap is set the day after each.

Which is cheaper, BJUL or JUNM?

BJUL charges 0.79% a year and JUNM charges 0.85%, so BJUL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

BJUL vs JUNM: Cap, Buffer & Days Left

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As of Nov 4, 2026 BJUL can fall 2.9% before its buffer engages and JUNM 2.3%, and JUNM resets 13 days sooner.

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Net assets: $361m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Jul, and $66m on Nov 3, 2026 for FT Vest U.S. Equity Max Buffer ETF - June.

BJUL on its own →JUNM on its own →

At a glance

2.9%

BJUL can fall this far before its buffer

2.3%

JUNM can fall this far before its buffer

14.8%

BJUL can still gain

4.9%

JUNM 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.

JUNM Full floor

JUNM: reference +2.7% since period start, fund +1.5%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

BJUL costs 0.06 points a year less; their one-year returns differ by 6.8 points; BJUL is 5.4 times larger.

Points (pts) are percentage points.

BJUL vs JUNM: Cap, Buffer & Days Left
Measure	BJUL	JUNM
Return
Measure	BJUL	JUNM
Total return, 1 year	+11.6%	+4.8%
Drawdown
Measure	BJUL	JUNM
Index fall to the buffer	2.6%
Benchmark
Measure	BJUL	JUNM
What it tracks	SPY	SPY
Cost and size
Measure	BJUL	JUNM
Expense ratio	0.79%	0.85%
Net assets, as of Nov 3, 2026	$356m	$66m
Holdings
Measure	BJUL	JUNM
Holdings in common	not published

Method

Window by window

Window by window: BJUL vs JUNM: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	JUNM	BJUL	JUNM
3 months	+0.3%	+0.7%	+0.7 pts	+1.0 pts
6 months	+4.7%	+2.0%	+0.2 pts	−2.5 pts
1 year	+11.6%	+4.8%	−1.9 pts	−8.7 pts
3 years	+59.5%	–	−16.9 pts	–
Since launchNot the same days: BJUL Aug 2018 · JUNM Jun 2024	+117.4%	+16.6%	−45.7 pts	−24.7 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 JUNM FT Vest U.S. Equity Max Buffer ETF - June · Absorbs the whole loss on SPY and caps the gain at 7.3%, over a period ending Jun 17, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 9% 100%

Outcome period Jun 30, 2026 to Jun 30, 2027 Jun 22, 2026 to Jun 17, 2027

Days left 238 225

Starting cap +18.1% +7.3%

Can still gain 14.8% 4.9%

Fall before buffer 2.9% 2.3%

Protection left, index points 9.0% of 9.0% 100.0% of 100.0%

Index return this period +2.6% +2.7%

Fund return this period +2.6% +1.5%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets, BJUL as of Nov 4, 2026 and JUNM as of Nov 3, 2026 $361m $66m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. JUNM is a floor fund, which caps how far a holder can fall. BJUL is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

JUNM 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, JUNM 4.9%. A fall from here reaches BJUL’s buffer after 2.9% and JUNM’s after 2.3%. 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.

JUNM

From its price on Nov 4, 2026, the fund can gain about 4.9% more before it reaches its cap. The fund's price can fall 2.3% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 100.0% of the 100.0% 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

Which has more room to gain, BJUL or JUNM?: From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and JUNM about 4.9%, so BJUL has more room left this period.
Which resets first, BJUL or JUNM?: BJUL ends its outcome period on Jun 30, 2027 and JUNM on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or JUNM?: BJUL charges 0.79% a year and JUNM charges 0.85%, so BJUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs JULU BJUL vs JULP BJUL vs UAPR BJUL vs JULW JUNM vs DJUN JUNM vs UJUL JUNM vs GJUN JUNM vs JULW

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →BJUL on its own →JUNM on its own →Method →Standards and sources →

Sources and dates

BJUL filings on SEC EDGAR ↗

Innovator page for BJUL ↗

JUNM filings on SEC EDGAR ↗

First Trust page for JUNM ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

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