Which has more room to gain, BJUN or ZJUN?

From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and ZJUN about 5.9%, so BJUN has more room left this period.

Which resets first, BJUN or ZJUN?

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

Which is cheaper, BJUN or ZJUN?

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

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BJUN vs ZJUN: Cap, Buffer & Days Left

As of Oct 9, 2026 BJUN can fall 3.3% before its buffer engages and ZJUN 2.0%. Net assets on Oct 9, 2026: $246m for Innovator U.S. Equity Buffer ETF - Jun and $155m for Innovator Equity Defined Protection ETF - 1 Yr June.

Both cost 0.79% a year; their one-year returns differ by 4.9 points; BJUN is 1.6 times larger.

	BJUN	ZJUN
Expense ratio	0.79%	0.79%
Net assets	$246m	$155m
Total return, 1 year	+9.9%	+5.0%
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%

ZJUN can fall this far before its buffer

14.3%

BJUN can still gain

5.9%

ZJUN 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.

ZJUNFull floor

ZJUN: reference +2.9% since period start, fund +1.8%; buffer Floor; cap +8.1%; Full floor. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

These are two different products. ZJUN 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.

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; ZJUN runs to May 31, 2027, 234 days. BJUN can still gain 14.3% before its cap, ZJUN 5.9%. A fall from here reaches BJUN’s buffer after 3.3% and ZJUN’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	ZJUN	BJUN	ZJUN
3 months	+2.7%	+1.4%	−0.4 pts	−1.8 pts
6 months	+5.9%	+2.7%	−8.7 pts	−11.9 pts
1 year	+9.9%	+5.0%	−6.1 pts	−11.0 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

ZJUN

Innovator Equity Defined Protection ETF - 1 Yr June · Absorbs the whole loss on SPY and caps the gain at 8.1%, over a period ending May 31, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 100%

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

Days left 234 234

Starting cap +18.1% +8.1%

Can still gain 14.3% 5.9%

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% +1.8%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $246m $155m

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.

ZJUN in plain words

From its price on Oct 9, 2026, the fund can gain about 5.9% 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 ZJUN?: From their prices on Oct 9, 2026, BJUN can gain about 14.3% before its cap and ZJUN about 5.9%, so BJUN has more room left this period.
Which resets first, BJUN or ZJUN?: BJUN ends its outcome period on May 31, 2027 and ZJUN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, BJUN or ZJUN?: BJUN and ZJUN both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUN vs DDFZ BJUN vs UJUN BJUN vs JUNT BJUN vs JUNP ZJUN vs CPSM ZJUN vs JUNW ZJUN vs DMAY ZJUN vs DDFZ

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

Where these figures came from

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

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

Open data

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