BJUN vs JUNP: Cap, Buffer & Days Left

As of Oct 9, 2026 JUNP can fall 3.4% before its buffer engages and BJUN 3.3%. Net assets on Oct 9, 2026: $246m for Innovator U.S. Equity Buffer ETF - Jun and $99m for PGIM S&P 500 Buffer 12 ETF - June.

JUNP costs 0.29 points a year less; their one-year returns differ by 0.6 points; BJUN is 2.5 times larger.

BJUNJUNP
Expense ratio0.79%0.50%
Net assets$246m$99m
Total return, 1 year+9.9%+9.3%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer2.8%
3.3%
BJUN can fall this far before its buffer
3.4%
JUNP can fall this far before its buffer
14.3%
BJUN can still gain
12.0%
JUNP 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.

JUNPBetween buffer and cap
Between buffer and capJUNP: reference +2.9% since period start, fund +3.0%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Figures to Oct 9, 2026.12 pts of buffer+2.9%+13% more to the cap−12.0% floor0% period start+15.9% capTODAY · SPY +2.9%Between buffer and capJUNP: reference +2.9% since period start, fund +3.0%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Figures to Oct 9, 2026.12 pts+13% to cap−12.0% floor0% start+15.9% cap+2.9% gain capturedTODAY · SPY +2.9%

JUNP: reference +2.9% since period start, fund +3.0%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Figures to Oct 9, 2026.

JUNP: reference +2.9% since period start, fund +3.0%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · JUNP 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; JUNP runs to May 31, 2027, 234 days. BJUN can still gain 14.3% before its cap, JUNP 12.0%. A fall from here reaches BJUN’s buffer after 3.3% and JUNP’s after 3.4%. 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
WindowBJUNJUNPBJUNJUNP
3 months+2.7%+2.8%−0.4 pts−0.3 pts
6 months+5.9%+5.3%−8.7 pts−9.3 pts
1 year+9.9%+9.3%−6.1 pts−6.7 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
JUNP
PGIM S&P 500 Buffer 12 ETF - June · Absorbs the first 12% of loss on SPY and caps the gain at 15.9%, over a period ending May 31, 2027
Reference index SPY SPY
Buffer 9% 12%
Outcome period May 31, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 234 234
Starting cap +18.1% +15.9%
Can still gain 14.3% 12.0%
Fall before buffer 3.3% 3.4%
Protection left, index points 9.0% of 9.0% 12.0% of 12.0%
Index return this period +2.9% +2.9%
Fund return this period +3.1% +3.0%
State today Open Open
Expense ratio 0.79% 0.50%
Net assets $246m $99m

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.

JUNP in plain words

From its price on Oct 9, 2026, the fund can gain about 12.0% more before it reaches its cap. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUN or JUNP?
From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and JUNP about 12.0%, so BJUN has more room left this period.
Which resets first, BJUN or JUNP?
BJUN ends its outcome period on May 31, 2027 and JUNP on May 31, 2027. A new cap is set the day after each.
Which is cheaper, BJUN or JUNP?
BJUN charges 0.79% a year and JUNP charges 0.50%, so JUNP 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 JUNP, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bjun-vs-junp

Open data

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