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.

Data as of Nov 4, 2026.

Buffer ETFs

BJUN vs JNEU: Cap, Buffer & Days Left

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As of Nov 4, 2026 BJUN can fall 2.3% before its buffer engages and JNEU 0.9%.

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Net assets: $246m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Jun, and $42m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun.

BJUN on its own →JNEU on its own →

At a glance

2.3%

BJUN can fall this far before its buffer

0.9%

JNEU can fall this far before its buffer

15.4%

BJUN can still gain

uncapped

JNEU can still gain

BJUN Between buffer and cap

BJUN: reference +1.3% since period start, fund +2.0%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Data to Nov 4, 2026.

JNEU No cap

JNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Pair scorecard

JNEU costs 0.05 points a year less; their one-year returns differ by 2.2 points; BJUN is 5.8 times larger.

Points (pts) are percentage points.

BJUN vs JNEU: Cap, Buffer & Days Left
Measure	BJUN	JNEU
Return
Measure	BJUN	JNEU
Total return, 1 year	+8.7%	+10.9%
Drawdown
Measure	BJUN	JNEU
Index fall to the buffer	1.3%
Benchmark
Measure	BJUN	JNEU
What it tracks	SPY	SPY
Cost and size
Measure	BJUN	JNEU
Expense ratio	0.79%	0.74%
Net assets, as of Nov 3, 2026	$243m	$42m
Holdings
Measure	BJUN	JNEU
Holdings in common	not published

ETFIQ Downside Cover Score · JNEU scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score20.5BJUN83.2JNEU

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

BJUN 20.5

JNEU 83.2

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: BJUN vs JNEU: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUN	JNEU	BJUN	JNEU
3 months	+0.5%	−0.9%	+0.9 pts	−0.5 pts
6 months	+2.5%	+3.2%	−2.0 pts	−1.3 pts
1 year	+8.7%	+10.9%	−4.8 pts	−2.7 pts
3 years	+50.0%	–	−26.4 pts	–
Since launchNot the same days: BJUN Jun 2019 · JNEU Jun 2024	+96.7%	+34.1%	−82.6 pts	−11.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

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

Issuer Innovator AllianzIM

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 208 208

Starting cap +18.1% uncapped

Can still gain 15.4% uncapped

Fall before buffer 2.3% 0.9%

Protection left, index points 9.0% of 9.0% 15.0% of 15.0%

Index return this period +1.3% +1.4%

Fund return this period +2.0% +0.2%

State today Open Uncapped

Expense ratio 0.79% 0.74%

Net assets, BJUN as of Nov 4, 2026 and JNEU as of Nov 3, 2026 $246m $42m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BJUN resets first, on May 31, 2027, 208 days from now; JNEU runs to May 31, 2027, 208 days. A fall from here reaches BJUN’s buffer after 2.3% and JNEU’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

BJUN

From its price on Nov 4, 2026, the fund can gain about 15.4% more before it reaches its cap. The fund's price can fall 2.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.

JNEU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.9% 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. 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

BJUN vs MAYM BJUN vs CPSM BJUN vs PBJN BJUN vs JUNP JNEU vs UJUN JNEU vs JUNW JNEU vs DMAY JNEU vs ZJUN

Where to next

SPY →BJUN on its own →JNEU on its own →Method →Standards and sources →

Sources and dates

BJUN filings on SEC EDGAR ↗

Innovator page for BJUN ↗

JNEU filings on SEC EDGAR ↗

AllianzIM page for JNEU ↗

Links are sources, not endorsements. 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 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, BJUN against JNEU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjun-vs-jneu

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