Data as of .
BJUL vs PBJL: which one stands where?
As of Sep 21, 2026 BJUL can fall 3.0% before its buffer engages and PBJL 2.7%.
ETFIQ Downside Cover Score: PBJL scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
A percentile among the 293 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, 282 days from now; PBJL runs to Jun 30, 2027, 282 days. BJUL can still gain 14.6% before its cap, PBJL 9.3%. A fall from here reaches BJUL’s buffer after 3.0% and PBJL’s after 2.7%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| BJUL | PBJL | BJUL | PBJL | |
| 3 months | +2.2% | +1.7% | −0.1 pts | −0.5 pts |
| 6 months | +11.7% | +7.3% | −6.3 pts | −10.7 pts |
| 1 year | +11.8% | +8.4% | −4.7 pts | −8.1 pts |
| 3 years | +56.3% | not published | −22.1 pts | not published |
| 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 | PBJL PGIM S&P 500 Buffer 20 ETF - July Absorbs the first 20% of loss on SPY and caps the gain at 12.3%, over a period ending Jun 30, 2027 | |
|---|---|---|
| Issuer | Innovator | PGIM |
| 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 | 282 | 282 |
| Starting cap | +18.1% | +12.3% |
| Can still gain | 14.6% | 9.3% |
| Fall before buffer | 3.0% | 2.7% |
| Protection left, index points | 9.0% of 9.0% | 20.0% of 20.0% |
| Index return this period | +3.6% | +3.6% |
| Fund return this period | +2.9% | +2.3% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.50% |
| Net assets | $357m | $73m |
BJUL in plain words
From its price on Sep 21, 2026, the fund can gain about 14.6% more before it reaches its cap. The fund's price can fall 3.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.5% 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. 282 days remained on Sep 21, 2026. On Jun 30, 2027 the period ends and a new cap is set.
PBJL in plain words
From its price on Sep 21, 2026, the fund can gain about 9.3% more before it reaches its cap. The fund's price can fall 2.7% 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 PBJL?
- From their prices on Sep 21, 2026, BJUL can gain about 14.6% before its cap and PBJL about 9.3%, so BJUL has more room left this period.
- Which resets first, BJUL or PBJL?
- BJUL ends its outcome period on Jun 30, 2027 and PBJL on Jun 30, 2027. A new cap is set the day after each.
- Which is cheaper, BJUL or PBJL?
- BJUL charges 0.79% a year and PBJL charges 0.50%, so PBJL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BJUL against PBJL, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/bjul-vs-pbjl Free to use with attribution; the underlying files are at Open data.