Data as of .
BJUN vs DLMY: which one stands where?
As of Sep 21, 2026 DLMY can fall 4.5% before its buffer engages and BJUN 2.6%, and DLMY resets 10 days sooner.
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, 242 days from now; BJUN runs to May 31, 2027, 252 days. BJUN can still gain 15.0% before its cap, DLMY 9.1%. A fall from here reaches BJUN’s buffer after 2.6% 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| BJUN | DLMY | BJUN | DLMY | |
| 3 months | +1.9% | +2.0% | −0.4 pts | −0.2 pts |
| 6 months | +7.7% | not published | −10.3 pts | not published |
| 1 year | +8.8% | not published | −7.8 pts | not published |
| 3 years | +47.1% | not published | −31.3 pts | not published |
| 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 | 252 | 242 |
| Starting cap | +18.1% | +14.1% |
| Can still gain | 15.0% | 9.1% |
| Fall before buffer | 2.6% | 4.5% |
| Protection left, index points | 9.0% of 9.0% | 10.0% of 10.0% |
| Index return this period | +2.3% | +4.7% |
| Fund return this period | +2.5% | +3.8% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.85% |
| Net assets | $242m | $12m |
BJUN in plain words
From its price on Sep 21, 2026, the fund can gain about 15.0% more before it reaches its cap. The fund's price can fall 2.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% 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. 252 days remained on Sep 21, 2026. On May 31, 2027 the period ends and a new cap is set.
DLMY in plain words
From its price on Sep 21, 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 4.5% 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. 242 days remained on Sep 21, 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 Sep 21, 2026, BJUN can gain about 15.0% 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BJUN against DLMY, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/bjun-vs-dlmy Free to use with attribution; the underlying files are at Open data.