Which has more room to gain, BJUN or DLMY?

From their prices on Oct 2, 2026, BJUN can gain about 15.3% before its cap and DLMY about 9.1%, so BJUN has more room left this period.

Which resets first, BJUN or DLMY?

BJUN ends its outcome period on May 31, 2027 and DLMY on May 21, 2027. A new cap is set the day after each.

Which is cheaper, BJUN or DLMY?

BJUN charges 0.79% a year and DLMY charges 0.85%, so BJUN is cheaper. Fees come from each fund's prospectus.

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BJUN vs DLMY: which one stands where?

As of Oct 2, 2026 DLMY can fall 4.5% before its buffer engages and BJUN 2.4%, and DLMY resets 10 days sooner. Innovator U.S. Equity Buffer ETF - Jun and FT Vest U.S. Equity Dual Directional Buffer ETF - May.

BJUN costs 0.06 points a year less; BJUN is 19.8 times larger.

	BJUN	DLMY
Expense ratio	0.79%	0.85%
Net assets	$244m	$12m
Total return, 1 year	+8.9%	not published
What it tracks	SPY	SPY
Holdings in common	not published

2.4%

BJUN can fall this far before its buffer

4.5%

DLMY can fall this far before its buffer

15.3%

BJUN can still gain

9.1%

DLMY can still gain

BJUNBetween buffer and cap

BJUN: reference +1.7% since period start, fund +2.2%; buffer 0 to −9; cap +18.1%; Between buffer and cap.

DLMYBetween buffer and cap

DLMY: reference +4.1% since period start, fund +3.8%; buffer 0 to −10; cap +14.1%; Between buffer and cap.

These are two different products. DLMY is a floor fund, which caps how far a holder can fall. BJUN 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

DLMY resets first, on May 21, 2027, 231 days from now; BJUN runs to May 31, 2027, 241 days. BJUN can still gain 15.3% before its cap, DLMY 9.1%. A fall from here reaches BJUN’s buffer after 2.4% and DLMY’s after 4.5%. 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

	Total return		Gap to the reference
Window	BJUN	DLMY	BJUN	DLMY
3 months	+2.8%	+2.8%	−0.8 pts	−0.8 pts
6 months	+7.2%	not published	−10.8 pts	not published
1 year	+8.9%	not published	−7.3 pts	not published
3 years	+53.7%	not published	−35.6 pts	not published

BJUN and DLMY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BJUN

Innovator U.S. Equity Buffer ETF - Jun · Absorbs the first 9% of loss on SPY and caps the gain at 18.1%, over a period ending May 31, 2027

DLMY

FT Vest U.S. Equity Dual Directional Buffer ETF - May · Absorbs the first 10% of loss on SPY and caps the gain at 14.1%, over a period ending May 21, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 9% 10%

Outcome period May 31, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027

Days left 241 231

Starting cap +18.1% +14.1%

Can still gain 15.3% 9.1%

Fall before buffer 2.4% 4.5%

Protection left, index points 9.0% of 9.0% 10.0% of 10.0%

Index return this period +1.7% +4.1%

Fund return this period +2.2% +3.8%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets $244m $12m

BJUN and DLMY on the same fields, as of Oct 2, 2026. Source: ETFIQ.

BJUN in plain words

From its price on Oct 2, 2026, the fund can gain about 15.3% more before it reaches its cap. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 1.7% 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. 241 days remained on Oct 2, 2026. On May 31, 2027 the period ends and a new cap is set.

DLMY in plain words

From its price on Oct 2, 2026, the fund can gain about 9.1% more before it reaches its cap. The fund's price can fall 4.5% 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: 10.0% of the 10.0% buffer still sits below today's SPY level. 231 days remained on Oct 2, 2026. On May 21, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BJUN or DLMY?: From their prices on Oct 2, 2026, BJUN can gain about 15.3% before its cap and DLMY about 9.1%, so BJUN has more room left this period.
Which resets first, BJUN or DLMY?: BJUN ends its outcome period on May 31, 2027 and DLMY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, BJUN or DLMY?: BJUN charges 0.79% a year and DLMY charges 0.85%, so BJUN is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUN vs PMJN BJUN vs UJUN BJUN vs XMAY BJUN vs ZJUN DLMY vs CPSM DLMY vs DMAY DLMY vs FMAY DLMY vs GMAY

SPY →BJUN on its own →DLMY on its own →How every figure is computed →Standards and sources →

Where these figures came from

BJUN filings on SEC EDGAR ↗Innovator page for BJUN ↗DLMY filings on SEC EDGAR ↗First Trust page for DLMY ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BJUN against DLMY, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bjun-vs-dlmy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.