Which has more room to gain, BJUN or PMJN?

From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and PMJN about 5.4%, so BJUN has more room left this period.

Which resets first, BJUN or PMJN?

BJUN ends its outcome period on May 31, 2027 and PMJN on May 31, 2027. A new cap is set the day after each.

Which is cheaper, BJUN or PMJN?

BJUN charges 0.79% a year and PMJN charges 0.50%, so PMJN is cheaper. Fees come from each fund's prospectus.

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BJUN vs PMJN: Cap, Buffer & Days Left

As of Oct 9, 2026 BJUN can fall 3.3% before its buffer engages and PMJN 2.0%. Net assets on Oct 9, 2026: $246m for Innovator U.S. Equity Buffer ETF - Jun and $10m for PGIM S&P 500 Max Buffer ETF - June.

PMJN costs 0.29 points a year less; their one-year returns differ by 4.8 points; BJUN is far larger, $246m against $10m.

	BJUN	PMJN
Expense ratio	0.79%	0.50%
Net assets	$246m	$10m
Total return, 1 year	+9.9%	+5.1%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.8%

3.3%

BJUN can fall this far before its buffer

2.0%

PMJN can fall this far before its buffer

14.3%

BJUN can still gain

5.4%

PMJN can still gain

BJUNBetween buffer and cap

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.

PMJNFull floor

PMJN: reference +2.9% since period start, fund +1.5%; buffer Floor; cap +7.4%; Full floor. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

These are two different products. PMJN 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

BJUN resets first, on May 31, 2027, 234 days from now; PMJN runs to May 31, 2027, 234 days. BJUN can still gain 14.3% before its cap, PMJN 5.4%. A fall from here reaches BJUN’s buffer after 3.3% and PMJN’s after 2.0%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

	Total return		Gap to the reference's price return
Window	BJUN	PMJN	BJUN	PMJN
3 months	+2.7%	+1.4%	−0.4 pts	−1.7 pts
6 months	+5.9%	+2.5%	−8.7 pts	−12.1 pts
1 year	+9.9%	+5.1%	−6.1 pts	−10.9 pts
3 years	+51.5%	not published	−27.7 pts	not 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

PMJN

PGIM S&P 500 Max Buffer ETF - June · Absorbs the whole loss on SPY and caps the gain at 7.4%, over a period ending May 31, 2027

Issuer Innovator PGIM

Reference index SPY SPY

Buffer 9% 100%

Outcome period May 31, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027

Days left 234 234

Starting cap +18.1% +7.4%

Can still gain 14.3% 5.4%

Fall before buffer 3.3% 2.0%

Protection left, index points 9.0% of 9.0% 100.0% of 100.0%

Index return this period +2.9% +2.9%

Fund return this period +3.1% +1.5%

State today Open Open

Expense ratio 0.79% 0.50%

Net assets $246m $10m

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.

PMJN in plain words

From its price on Oct 9, 2026, the fund can gain about 5.4% more before it reaches its cap. The fund's price can fall 2.0% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUN or PMJN?: From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and PMJN about 5.4%, so BJUN has more room left this period.
Which resets first, BJUN or PMJN?: BJUN ends its outcome period on May 31, 2027 and PMJN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, BJUN or PMJN?: BJUN charges 0.79% a year and PMJN charges 0.50%, so PMJN is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUN vs DLMY BJUN vs XMAY BJUN vs CPSU BJUN vs DDTZ PMJN vs UJUN PMJN vs ZJUN PMJN vs DMAY PMJN vs DDFZ

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →BJUN on its own →PMJN on its own →How every figure is computed →Standards and sources →

Where these figures came from

BJUN filings on SEC EDGAR ↗Innovator page for BJUN ↗PMJN filings on SEC EDGAR ↗PGIM website ↗

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

How this is computed

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 PMJN, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bjun-vs-pmjn

Open data

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