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Data as of Nov 4, 2026.

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Buffer ETFs

BJUN vs PBJN: Cap, Buffer & Days Left

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As of Nov 4, 2026 PBJN can fall 2.5% before its buffer engages and BJUN 2.3%.

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Net assets on Nov 4, 2026: $246m for Innovator U.S. Equity Buffer ETF - Jun and $59m for PGIM S&P 500 Buffer 20 ETF - June .

BJUN on its own →PBJN on its own →
At a glance
2.3%
BJUN can fall this far before its buffer
2.5%
PBJN can fall this far before its buffer
15.4%
BJUN can still gain
9.3%
PBJN can still gain
BJUN Between buffer and cap
Between buffer and capBJUN: reference +1.3% since period start, fund +2.0%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Data to Nov 4, 2026.9 pts of buffer+16.7% more to the cap−9.0% floor0% period start+18.1% cap+1.3% gain capturedTODAY · SPY +1.3%Between buffer and capBJUN: reference +1.3% since period start, fund +2.0%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Data to Nov 4, 2026.9 pts+16.7% to cap−9.0% floor0% start+18.1% cap+1.3% gain capturedTODAY · SPY +1.3%

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.

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.
PBJN Between buffer and cap
Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+10.7% more to the cap−20.0% floor0% period start+12.1% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.1% cap+1.4% gain captured+10.7% more to the capTODAY · SPY +1.4%

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PBJN costs 0.29 points a year less; their one-year returns differ by 1.7 points; BJUN is 4.2 times larger.

Points (pts) are percentage points.

BJUN vs PBJN: Cap, Buffer & Days Left
MeasureBJUNPBJN
Return
Total return, 1 year+8.7%+7.0%
Drawdown
Index fall to the buffer1.3%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.50%
Net assets$246m$59m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBJN scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score20.5BJUN95.7PBJN

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

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 PBJN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBJUNPBJNBJUNPBJN
3 months+0.5%+0.6%+0.9 pts+1.0 pts
6 months+2.5%+2.4%−2.0 pts−2.1 pts
1 year+8.7%+7.0%−4.8 pts−6.6 pts
3 years+50.0%–−26.4 pts–
Since launchNot the same days: BJUN Jun 2019 · PBJN Jun 2024+96.7%+25.9%−82.6 pts−19.3 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 PBJN PGIM S&P 500 Buffer 20 ETF - June · Absorbs the first 20% of loss on SPY and caps the gain at 12.1%, over a period ending May 31, 2027
Issuer Innovator PGIM
Reference index SPY SPY
Buffer 9% 20%
Outcome period May 31, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 208 208
Starting cap +18.1% +12.1%
Can still gain 15.4% 9.3%
Fall before buffer 2.3% 2.5%
Protection left, index points 9.0% of 9.0% 20.0% of 20.0%
Index return this period +1.3% +1.4%
Fund return this period +2.0% +2.0%
State today Open Open
Expense ratio 0.79% 0.50%
Net assets $246m $59m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BJUN resets first, on May 31, 2027, 208 days from now; PBJN runs to May 31, 2027, 208 days. BJUN can still gain 15.4% before its cap, PBJN 9.3%. A fall from here reaches BJUN’s buffer after 2.3% and PBJN’s after 2.5%. Both track SPY, so what separates them is where each is in its own period.

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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.

PBJN

From its price on Nov 4, 2026, the fund can gain about 9.3% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUN or PBJN?
From their prices on Nov 4, 2026, BJUN can gain about 15.4% before its cap and PBJN about 9.3%, so BJUN has more room left this period.
Which resets first, BJUN or PBJN?
BJUN ends its outcome period on May 31, 2027 and PBJN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, BJUN or PBJN?
BJUN charges 0.79% a year and PBJN charges 0.50%, so PBJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
BJUN vs MAYMBJUN vs DLMYBJUN vs PMJNBJUN vs JUNWPBJN vs UJUNPBJN vs ZJUNPBJN vs CPSMPBJN vs FMAY
Where to next
SPY →BJUN on its own →PBJN on its own →Method →Standards and sources →
Sources and dates
BJUN filings on SEC EDGAR ↗
Innovator page for BJUN ↗
PBJN filings on SEC EDGAR ↗
PGIM website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, BJUN against PBJN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjun-vs-pbjn

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