BJUL vs PFEB: Cap, Buffer & Days Left
As of Oct 9, 2026 PFEB can fall 8.0% before its buffer engages and BJUL 3.7%, and PFEB resets 150 days sooner. Net assets on Oct 9, 2026: $363m for Innovator U.S. Equity Buffer ETF - Jul and $895m for Innovator U.S. Equity Power Buffer ETF - Feb.
Both cost 0.79% a year; their one-year returns differ by 1.1 points; PFEB is 2.5 times larger.
| BJUL | PFEB | |
|---|---|---|
| Expense ratio | 0.79% | 0.79% |
| Net assets | $363m | $895m |
| Total return, 1 year | +12.9% | +11.8% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 4.1% | 11.1% |
BJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.
BJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.
PFEB: reference +12.5% since period start, fund +8.0%; buffer 0 to −15; cap +12.4%; At its cap. Figures to Oct 9, 2026.
PFEB: reference +12.5% since period start, fund +8.0%; buffer 0 to −15; cap +12.4%; At its cap. Figures to Oct 9, 2026.
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 →
PFEB is already at its cap, so more rise in the index adds nothing to it before the period ends.
They do not reset together. PFEB has 114 days of its period left and BJUL has 264, so the two are not the same bet on the same months.
Both are Innovator funds, so the difference between them is the terms rather than the house.
Where each one stands today
PFEB resets first, on Jan 31, 2027, 114 days from now; BJUL runs to Jun 30, 2027, 264 days. BJUL can still gain 13.8% before its cap, PFEB 3.5%. A fall from here reaches BJUL’s buffer after 3.7% and PFEB’s after 8.0%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | BJUL | PFEB | BJUL | PFEB |
| 3 months | +2.8% | +2.7% | −0.4 pts | −0.5 pts |
| 6 months | +9.6% | +8.2% | −5.0 pts | −6.4 pts |
| 1 year | +12.9% | +11.8% | −3.1 pts | −4.2 pts |
| 3 years | +61.2% | +44.4% | −17.9 pts | −34.8 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
BJUL in plain words
From its price on Oct 9, 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 4.1% 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. 264 days remained on Oct 9, 2026. On Jun 30, 2027 the period ends and a new cap is set.
PFEB in plain words
SPY had already risen past this fund's cap of +12.4% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.5% as the period runs out. The fund's price can fall 8.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.1% 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. 114 days remained on Oct 9, 2026. On Jan 31, 2027 the period ends and a new cap is set.
Questions people ask
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.
ETFIQ, BJUL against PFEB, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bjul-vs-pfeb
ETFIQ. (Oct 9, 2026). BJUL against PFEB. Retrieved from https://etfiq.com/compare/buffer/bjul-vs-pfeb
[BJUL against PFEB (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/buffer/bjul-vs-pfeb)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.