Which has more room to gain, BJUN or UJUN?

From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and UJUN about 10.8%, so BJUN has more room left this period.

Which resets first, BJUN or UJUN?

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

Which is cheaper, BJUN or UJUN?

BJUN and UJUN both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

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BJUN vs UJUN: Cap, Buffer & Days Left

As of Oct 9, 2026 UJUN can fall 7.7% before its buffer engages and BJUN 3.3%. Net assets on Oct 9, 2026: $246m for Innovator U.S. Equity Buffer ETF - Jun and $189m for Innovator U.S. Equity Ultra Buffer ETF - Jun.

Both cost 0.79% a year; their one-year returns differ by 2.2 points; BJUN is 1.3 times larger.

	BJUN	UJUN
Expense ratio	0.79%	0.79%
Net assets	$246m	$189m
Total return, 1 year	+9.9%	+7.7%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.8%	7.7%

3.3%

BJUN can fall this far before its buffer

7.7%

UJUN can fall this far before its buffer

14.3%

BJUN can still gain

10.8%

UJUN 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.

UJUNBetween buffer and cap

UJUN: reference +2.9% since period start, fund +2.6%; buffer −5 to −35; cap +14.0%; Between buffer and cap. Figures to Oct 9, 2026.

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

BJUN 19.2

UJUN 62.2

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 →

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

BJUN resets first, on May 31, 2027, 234 days from now; UJUN runs to May 31, 2027, 234 days. BJUN can still gain 14.3% before its cap, UJUN 10.8%. A fall from here reaches BJUN’s buffer after 3.3% and UJUN’s after 7.7%. 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	UJUN	BJUN	UJUN
3 months	+2.7%	+2.3%	−0.4 pts	−0.8 pts
6 months	+5.9%	+4.3%	−8.7 pts	−10.3 pts
1 year	+9.9%	+7.7%	−6.1 pts	−8.3 pts
3 years	+51.5%	+38.9%	−27.7 pts	−40.3 pts

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

UJUN

Innovator U.S. Equity Ultra Buffer ETF - Jun · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 14.0%, over a period ending May 31, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 5% to 35%

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

Days left 234 234

Starting cap +18.1% +14.0%

Can still gain 14.3% 10.8%

Fall before buffer 3.3% 7.7%

Protection left, index points 9.0% of 9.0% 30.0% of 30.0%

Index return this period +2.9% +2.9%

Fund return this period +3.1% +2.6%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $246m $189m

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.

UJUN in plain words

From its price on Oct 9, 2026, the fund can gain about 10.8% more before it reaches its cap. The fund's price can fall 7.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.7% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUN or UJUN?: From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and UJUN about 10.8%, so BJUN has more room left this period.
Which resets first, BJUN or UJUN?: BJUN ends its outcome period on May 31, 2027 and UJUN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, BJUN or UJUN?: BJUN and UJUN both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUN vs JUNT BJUN vs JUNP BJUN vs PBJN BJUN vs PJUN UJUN vs ZJUN UJUN vs CPSM UJUN vs XMAY UJUN vs DMAY

SPY →BJUN on its own →UJUN on its own →How every figure is computed →Standards and sources →

Where these figures came from

BJUN and UJUN filings on SEC EDGAR ↗Innovator page for BJUN ↗Innovator page for UJUN ↗

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

Open data

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