BJUN vs JNEU: Cap, Buffer & Days Left

As of Oct 9, 2026 BJUN can fall 3.3% before its buffer engages and JNEU 2.1%. Net assets: $246m on Oct 9, 2026 for Innovator U.S. Equity Buffer ETF - Jun, and $42m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun.

JNEU costs 0.05 points a year less; their one-year returns differ by 2.7 points; BJUN is 5.8 times larger.

BJUNJNEU
Expense ratio0.79%0.74%
Net assets, as of Oct 8, 2026$245m$42m
Total return, 1 year+9.9%+12.6%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer2.8%
3.3%
BJUN can fall this far before its buffer
2.1%
JNEU can fall this far before its buffer
14.3%
BJUN can still gain
uncapped
JNEU can still gain
BJUNBetween buffer and cap
Between buffer and capBJUN: reference +2.9% since period start, fund +3.1%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.9 pts of buffer+2.9%+15.1% more to the cap−9.0% floor0% period start+18.1% capTODAY · SPY +2.9%Between buffer and capBJUN: reference +2.9% since period start, fund +3.1%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.9 pts+15.1% to cap−9.0% floor0% start+18.1% cap+2.9% gain capturedTODAY · SPY +2.9%

BJUN: reference +2.9% since period start, fund +3.1%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.

BJUN: reference +2.9% since period start, fund +3.1%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.

JNEUNo cap
No capJNEU: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Figures to Oct 9, 2026.15 pts of buffer−15.0% floor0% period startno cap+2.9% gained, no capTODAY · SPY +2.9%No capJNEU: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% startno cap+2.9% gained, no capTODAY · SPY +2.9%

JNEU: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Figures to Oct 9, 2026.

JNEU: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · JNEU scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

BJUN resets first, on May 31, 2027, 234 days from now; JNEU runs to May 31, 2027, 234 days. A fall from here reaches BJUN’s buffer after 3.3% and JNEU’s after 2.1%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference's price return
WindowBJUNJNEUBJUNJNEU
3 months+2.7%+1.7%−0.4 pts−1.5 pts
6 months+5.9%+12.7%−8.7 pts−1.9 pts
1 year+9.9%+12.6%−6.1 pts−3.4 pts
3 years+51.5%not published−27.7 ptsnot published

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. 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
JNEU
AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending May 31, 2027
Reference index SPY SPY
Buffer 9% 15%
Outcome period May 31, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 234 234
Starting cap +18.1% uncapped
Can still gain 14.3% uncapped
Fall before buffer 3.3% 2.1%
Protection left, index points 9.0% of 9.0% 15.0% of 15.0%
Index return this period +2.9% +2.9%
Fund return this period +3.1% +1.4%
State today Open Uncapped
Expense ratio 0.79% 0.74%
Net assets, BJUN as of Oct 9, 2026 and JNEU as of Oct 8, 2026 $246m $42m

As of Oct 9, 2026. Source: ETFIQ.

BJUN in plain words

From its price on Oct 9, 2026, the fund can gain about 14.3% more before it reaches its cap. The fund's price can fall 3.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.8% 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. 234 days remained on Oct 9, 2026. On May 31, 2027 the period ends and a new cap is set.

JNEU in plain words

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 2.1% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. On May 31, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, BJUN or JNEU?
BJUN ends its outcome period on May 31, 2027 and JNEU on May 31, 2027. New terms are set the day after each.
Which is cheaper, BJUN or JNEU?
BJUN charges 0.79% a year and JNEU charges 0.74%, so JNEU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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 page

ETFIQ, BJUN against JNEU, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bjun-vs-jneu

Open data

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