Which has more room to gain, BJUL or XBJL?

From their prices on Oct 13, 2026, BJUL can gain about 13.8% before its cap and XBJL about 9.5%, 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.

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BJUL vs XBJL: Cap, Buffer & Days Left

As of Oct 13, 2026 XBJL can fall 3.8% before its buffer engages and BJUL 3.7%. Net assets on Oct 13, 2026: $364m for Innovator U.S. Equity Buffer ETF - Jul and $78m for Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul.

Both cost 0.79% a year; their one-year returns differ by 2.7 points; BJUL is 4.7 times larger.

Points (pts) are percentage points.

BJUL vs XBJL: Cap, Buffer & Days Left
	BJUL	XBJL
Expense ratio	0.79%	0.79%
Net assets	$364m	$78m
Total return, 1 year	+13.6%	+10.9%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%

3.7%

BJUL can fall this far before its buffer

3.8%

XBJL can fall this far before its buffer

13.8%

BJUL can still gain

9.5%

XBJL can still gain

BJULBetween buffer and cap

BJUL: reference +4.2% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 13, 2026.

XBJLBetween buffer and cap

XBJL: reference +4.2% since period start, fund +3.7%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

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, 260 days from now; XBJL runs to Jun 30, 2027, 260 days. BJUL can still gain 13.8% before its cap, XBJL 9.5%. A fall from here reaches BJUL’s buffer after 3.7% and XBJL’s after 3.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, 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	+2.9%	+3.3%	−0.6 pts	−0.2 pts
6 months	+8.2%	+5.9%	−3.9 pts	−6.1 pts
1 year	+13.6%	+10.9%	−3.8 pts	−6.4 pts
3 years	+62.0%	+44.9%	−18.3 pts	−35.4 pts
Since launch Not the same days: BJUL Aug 2018 · XBJL Jul 2021	+119.3%	+60.9%	−47.7 pts	−19.8 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

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 260 260

Starting cap +18.1% +13.8%

Can still gain 13.8% 9.5%

Fall before buffer 3.7% 3.8%

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

Index return this period +4.2% +4.2%

Fund return this period +3.6% +3.7%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $364m $78m

As of Oct 13, 2026. Source: ETFIQ.

About BJUL

From its price on Oct 13, 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 4.0% 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. 260 days remained on Oct 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.

About XBJL

From its price on Oct 13, 2026, the fund can gain about 9.5% more before it reaches its cap. The fund's price can fall 3.8% from here before the buffer starts absorbing losses, by the issuer's figure.

Questions people ask

Which has more room to gain, BJUL or XBJL?: From their prices on Oct 13, 2026, BJUL can gain about 13.8% before its cap and XBJL about 9.5%, 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 PMJL BJUL vs POCT BJUL vs FOCT BJUL vs PSEP XBJL vs DJUN XBJL vs UJUL XBJL vs GJUN XBJL vs JULW

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

Where these figures came from

BJUL and XBJL filings on SEC EDGAR ↗Innovator page for BJUL ↗Innovator page for XBJL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

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.

Cite this pageCitation, APA and Markdown

ETFIQ, BJUL against XBJL, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/bjul-vs-xbjl

Open data

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