Data as of .
BJUL vs PDEC: which one stands where?
As of Sep 13, 2026 PDEC can fall 8.8% before its buffer engages and BJUL 2.1%, and PDEC resets 212 days sooner.
ETFIQ Downside Cover Score: PDEC 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
PDEC resets first, on Nov 30, 2026, 80 days from now; BJUL runs to Jun 30, 2027, 292 days. BJUL can still gain 15.6% before its cap, PDEC 3.3%. A fall from here reaches BJUL’s buffer after 2.1% and PDEC’s after 8.8%. 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 | PDEC | BJUL | PDEC | |
| 3 months | +2.6% | +3.1% | −0.7 pts | −0.2 pts |
| 6 months | +10.6% | +9.9% | −5.4 pts | −6.1 pts |
| 1 year | +12.5% | +12.9% | −5.0 pts | −4.6 pts |
| 3 years | +56.0% | +40.5% | −21.8 pts | −37.4 pts |
| 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 | PDEC Innovator U.S. Equity Power Buffer ETF - Dec Absorbs the first 15% of loss on SPY and caps the gain at 13.1%, over a period ending Nov 30, 2026 | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | 9% | 15% |
| Outcome period | Jun 30, 2026 to Jun 30, 2027 | Nov 30, 2025 to Nov 30, 2026 |
| Days left | 292 | 80 |
| Starting cap | +18.1% | +13.1% |
| Can still gain | 15.6% | 3.3% |
| Fall before buffer | 2.1% | 8.8% |
| Protection left, index points | 9.0% of 9.0% | 15.0% of 15.0% |
| Index return this period | +2.3% | +11.8% |
| Fund return this period | +2.0% | +8.9% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.79% |
BJUL in plain words
From its price on Sep 13, 2026, the fund can gain about 15.6% more before it reaches its cap. The fund's price can fall 2.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% 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. 292 days remained on Sep 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.
PDEC in plain words
From its price on Sep 13, 2026, the fund can gain about 3.3% more before it reaches its cap. The fund's price can fall 8.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.6% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 80 days remained on Sep 13, 2026. On Nov 30, 2026 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, BJUL or PDEC?
- From their prices on Sep 13, 2026, BJUL can gain about 15.6% before its cap and PDEC about 3.3%, so BJUL has more room left this period.
- Which resets first, BJUL or PDEC?
- BJUL ends its outcome period on Jun 30, 2027 and PDEC on Nov 30, 2026. A new cap is set the day after each.
- Which is cheaper, BJUL or PDEC?
- BJUL charges 0.79% a year and PDEC charges 0.79%, so BJUL 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 PDEC, data as of Sep 13, 2026. https://etfiq.com/compare/buffer/bjul-vs-pdec Free to use with attribution; the underlying files are at Open data.