Which has more room to gain, BJUL or PBJL?

From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and PBJL about 9.2%, 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.

Data as of Nov 4, 2026.

Buffer ETFs

BJUL vs PBJL: Cap, Buffer & Days Left

Share on X Download as PDF

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

askIQ about this page

askIQ about BJUL and PBJL

Net assets on Nov 4, 2026: $361m for Innovator U.S. Equity Buffer ETF - Jul and $74m for PGIM S&P 500 Buffer 20 ETF - July .

BJUL on its own →PBJL on its own →

At a glance

2.9%

BJUL can fall this far before its buffer

2.9%

PBJL can fall this far before its buffer

14.8%

BJUL can still gain

9.2%

PBJL 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.

PBJL Between buffer and cap

PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PBJL costs 0.29 points a year less; their one-year returns differ by 3.1 points; BJUL is 4.9 times larger.

Points (pts) are percentage points.

BJUL vs PBJL: Cap, Buffer & Days Left
Measure	BJUL	PBJL
Return
Measure	BJUL	PBJL
Total return, 1 year	+11.6%	+8.5%
Drawdown
Measure	BJUL	PBJL
Index fall to the buffer	2.6%
Benchmark
Measure	BJUL	PBJL
What it tracks	SPY	SPY
Cost and size
Measure	BJUL	PBJL
Expense ratio	0.79%	0.50%
Net assets	$361m	$74m
Holdings
Measure	BJUL	PBJL
Holdings in common	not published

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

IQ Buffer Score20.5BJUL94PBJL

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

PBJL 94

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 PBJL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	PBJL	BJUL	PBJL
3 months	+0.3%	+0.8%	+0.7 pts	+1.2 pts
6 months	+4.7%	+3.5%	+0.2 pts	−0.9 pts
1 year	+11.6%	+8.5%	−1.9 pts	−5.0 pts
3 years	+59.5%	–	−16.9 pts	–
Since launchNot the same days: BJUL Aug 2018 · PBJL May 2024	+117.4%	+28.0%	−45.7 pts	−20.2 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 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 238 238

Starting cap +18.1% +12.3%

Can still gain 14.8% 9.2%

Fall before buffer 2.9% 2.9%

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

Index return this period +2.6% +2.7%

Fund return this period +2.6% +2.4%

State today Open Open

Expense ratio 0.79% 0.50%

Net assets $361m $74m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BJUL resets first, on Jun 30, 2027, 238 days from now; PBJL runs to Jun 30, 2027, 238 days. BJUL can still gain 14.8% before its cap, PBJL 9.2%. A fall from here reaches BJUL’s buffer after 2.9% and PBJL’s after 2.9%. 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.

PBJL

From its price on Nov 4, 2026, the fund can gain about 9.2% more before it reaches its cap. 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 Nov 4, 2026, BJUL can gain about 14.8% before its cap and PBJL about 9.2%, 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

BJUL vs DJUL BJUL vs GJUN BJUL vs PMJL BJUL vs FJAN PBJL vs DJUN PBJL vs UJUL PBJL vs GJUN PBJL vs JULW

Where to next

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

Sources and dates

BJUL filings on SEC EDGAR ↗

Innovator page for BJUL ↗

PBJL filings on SEC EDGAR ↗

PGIM website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, BJUL against PBJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjul-vs-pbjl

Open data →

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