Data as of Nov 4, 2026.
BJUL vs XJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 XJUN can fall 3.6% before its buffer engages and BJUL 2.9%, and XJUN resets 13 days sooner.
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Net assets: $361m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Jul, and $137m on Nov 3, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June.
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.
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.XJUN: reference +2.7% since period start, fund +2.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.
XJUN: reference +2.7% since period start, fund +2.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
BJUL costs 0.06 points a year less; their one-year returns differ by 3.8 points; BJUL is 2.6 times larger.
Points (pts) are percentage points.
| Measure | BJUL | XJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.6% | +7.8% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $356m | $137m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Jul 23, 2021 to Oct 30, 2026 · 275 weekly returns · each against SPYFrom Jul 2021 to Oct 2026, BJUL returned more: +73.0% to +52.2%. XJUN swung less: 6.4% to 10.9%. XJUN fell less at its worst: −7.9% to −13.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BJUL | XJUN | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +73.0% | +52.2% | BJUL | Price change plus distributions, reinvested. | |
| Annualized | +10.9% | +8.3% | BJUL | Total return as a yearly rate. | |
| Price return | +73.0% | +52.2% | BJUL | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 10.9% | 6.4% | XJUN | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 7.1% | 4.3% | XJUN | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −13.0% | −7.9% | XJUN | Deepest fall from a high to the low after it. | |
| Upside capture | 58.9% | 28.6% | 100.0% | BJUL | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 72.2% | 39.0% | 100.0% | XJUN | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.67 | 0.37 | 1.00 | XJUN lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.95 | 0.86 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.66 | 0.69 | XJUN (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.01 | 1.03 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.108 | 0.118 | 0.091 | XJUN (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.84 | 1.05 | XJUN | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +1.2% a year | +1.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.11 | 0.97 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.9% to +3.2% | −1.0% to +3.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.32 | −0.46 | BJUL | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.8% | 10.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 275 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | BJUL | XJUN | BJUL | XJUN |
| 3 months | +0.3% | +1.2% | +0.7 pts | +1.6 pts |
| 6 months | +4.7% | +3.5% | +0.2 pts | −1.0 pts |
| 1 year | +11.6% | +7.8% | −1.9 pts | −5.8 pts |
| 3 years | +59.5% | +35.7% | −16.9 pts | −40.7 pts |
| Since launchNot the same days: BJUL Aug 2018 · XJUN Jul 2021 | +117.4% | +54.0% | −45.7 pts | −22.1 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. XJUN 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.
Where each one stands today
XJUN resets first, on Jun 17, 2027, 225 days from now; BJUL runs to Jun 30, 2027, 238 days. BJUL can still gain 14.8% before its cap, XJUN 7.1%. A fall from here reaches BJUL’s buffer after 2.9% and XJUN’s after 3.6%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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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.
XJUN
From its price on Nov 4, 2026, the fund can gain about 7.1% more before it reaches its cap. The fund's price can fall 3.6% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 225 days remained on Nov 4, 2026. On Jun 17, 2027 the period ends and a new cap is set.
Questions people ask
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.
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ETFIQ, BJUL against XJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjul-vs-xjun
ETFIQ. (Nov 4, 2026). BJUL against XJUN. Retrieved from https://etfiq.com/compare/buffer/bjul-vs-xjun
[BJUL against XJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/bjul-vs-xjun)
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