Which has more room to gain, BJUL or XBJL?

From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and XBJL about 9.9%, so BJUL has more room left this period.

Which resets first, BJUL or XBJL?

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

Which is cheaper, BJUL or XBJL?

BJUL and XBJL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

BJUL vs XBJL: Cap, Buffer & Days Left

Share on X Download as PDF

As of Nov 4, 2026 XBJL can fall 3.5% before its buffer engages and BJUL 2.9%.

askIQ about this page

askIQ about BJUL and XBJL

Net assets on Nov 4, 2026: $361m for Innovator U.S. Equity Buffer ETF - Jul and $77m for Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul.

BJUL on its own →XBJL on its own →

At a glance

2.9%

BJUL can fall this far before its buffer

3.5%

XBJL can fall this far before its buffer

14.8%

BJUL can still gain

9.9%

XBJL 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.

XBJL Between buffer and cap

XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 1.7 points; BJUL is 4.7 times larger.

Points (pts) are percentage points.

BJUL vs XBJL: Cap, Buffer & Days Left
Measure	BJUL	XBJL
Return
Measure	BJUL	XBJL
Total return, 1 year	+11.6%	+9.9%
Drawdown
Measure	BJUL	XBJL
Index fall to the buffer	2.6%
Benchmark
Measure	BJUL	XBJL
What it tracks	SPY	SPY
Cost and size
Measure	BJUL	XBJL
Expense ratio	0.79%	0.79%
Net assets	$361m	$77m
Holdings
Measure	BJUL	XBJL
Holdings in common	not published

Method

Window by window

Window by window: BJUL vs XBJL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	XBJL	BJUL	XBJL
3 months	+0.3%	+1.4%	+0.7 pts	+1.8 pts
6 months	+4.7%	+4.3%	+0.2 pts	−0.2 pts
1 year	+11.6%	+9.9%	−1.9 pts	−3.6 pts
3 years	+59.5%	+42.8%	−16.9 pts	−33.6 pts
Since launchNot the same days: BJUL Aug 2018 · XBJL Jul 2021	+117.4%	+60.3%	−45.7 pts	−17.8 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. 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 XBJL Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul · Absorbs the first 9% of loss on SPY and caps the gain at 13.8%, over a period ending Jun 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 9%

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

Days left 238 238

Starting cap +18.1% +13.8%

Can still gain 14.8% 9.9%

Fall before buffer 2.9% 3.5%

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

Index return this period +2.6% +2.6%

Fund return this period +2.6% +3.3%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $361m $77m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. XBJL 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.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

BJUL resets first, on Jun 30, 2027, 238 days from now; XBJL runs to Jun 30, 2027, 238 days. BJUL can still gain 14.8% before its cap, XBJL 9.9%. A fall from here reaches BJUL’s buffer after 2.9% and XBJL’s after 3.5%. 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.

XBJL

From its price on Nov 4, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 3.5% from here before the buffer starts absorbing losses, by the issuer's number.

Questions people ask

Which has more room to gain, BJUL or XBJL?: From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and XBJL about 9.9%, so BJUL has more room left this period.
Which resets first, BJUL or XBJL?: BJUL ends its outcome period on Jun 30, 2027 and XBJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or XBJL?: BJUL and XBJL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs JULT BJUL vs CPSJ BJUL vs JULP BJUL vs PMJL XBJL vs DJUN XBJL vs UJUL XBJL vs GJUN XBJL vs JULW

Where to next

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

Sources and dates

BJUL and XBJL filings on SEC EDGAR ↗

Innovator page for BJUL ↗

Innovator page for XBJL ↗

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.

Cite this pageCitation, APA and Markdown

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

Open data →

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