Which has more room to gain, BOCT or PJUL?

From their prices on Oct 9, 2026, BOCT can gain about 18.4% before its cap and PJUL about 10.3%, so BOCT has more room left this period.

Which resets first, BOCT or PJUL?

BOCT ends its outcome period on Sep 30, 2027 and PJUL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, BOCT or PJUL?

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

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BOCT vs PJUL: Cap, Buffer & Days Left

As of Oct 9, 2026 PJUL can fall 3.2% before its buffer engages and BOCT 1.5%, and PJUL resets 92 days sooner. Net assets on Oct 9, 2026: $307m for Innovator U.S. Equity Buffer ETF - Oct and $1.3bn for Innovator U.S. Equity Power Buffer ETF - Jul.

Both cost 0.79% a year; their one-year returns differ by 4.6 points; PJUL is 4.3 times larger.

	BOCT	PJUL
Expense ratio	0.79%	0.79%
Net assets	$307m	$1.3bn
Total return, 1 year	+14.9%	+10.3%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.0%	4.1%

1.5%

BOCT can fall this far before its buffer

3.2%

PJUL can fall this far before its buffer

18.4%

BOCT can still gain

10.3%

PJUL can still gain

BOCTBetween buffer and cap

BOCT: reference +2.1% since period start, fund +1.5%; buffer 0 to −9; cap +20.2%; Between buffer and cap. Figures to Oct 9, 2026.

PJULBetween buffer and cap

PJUL: reference +4.3% since period start, fund +3.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Figures to Oct 9, 2026.

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

BOCT 19.2

PJUL 85.8

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 →

They do not reset together. PJUL has 264 days of its period left and BOCT has 356, so the two are not the same bet on the same months.

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

Where each one stands today

PJUL resets first, on Jun 30, 2027, 264 days from now; BOCT runs to Sep 30, 2027, 356 days. BOCT can still gain 18.4% before its cap, PJUL 10.3%. A fall from here reaches BOCT’s buffer after 1.5% and PJUL’s after 3.2%. 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	BOCT	PJUL	BOCT	PJUL
3 months	+4.5%	+2.5%	+1.4 pts	−0.7 pts
6 months	+12.7%	+7.0%	−1.9 pts	−7.6 pts
1 year	+14.9%	+10.3%	−1.1 pts	−5.8 pts
3 years	+55.6%	+48.0%	−23.6 pts	−31.2 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

BOCT

Innovator U.S. Equity Buffer ETF - Oct · Absorbs the first 9% of loss on SPY and caps the gain at 20.2%, over a period ending Sep 30, 2027

PJUL

Innovator U.S. Equity Power Buffer ETF - Jul · Absorbs the first 15% of loss on SPY and caps the gain at 14.0%, over a period ending Jun 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 15%

Outcome period Sep 30, 2026 to Sep 30, 2027 Jun 30, 2026 to Jun 30, 2027

Days left 356 264

Starting cap +20.2% +14.0%

Can still gain 18.4% 10.3%

Fall before buffer 1.5% 3.2%

Protection left, index points 9.0% of 9.0% 15.0% of 15.0%

Index return this period +2.1% +4.3%

Fund return this period +1.5% +3.1%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $307m $1.3bn

As of Oct 9, 2026. Source: ETFIQ.

BOCT in plain words

From its price on Oct 9, 2026, the fund can gain about 18.4% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.0% 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. 356 days remained on Oct 9, 2026. On Sep 30, 2027 the period ends and a new cap is set.

PJUL in plain words

From its price on Oct 9, 2026, the fund can gain about 10.3% more before it reaches its cap. The fund's price can fall 3.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.1% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 264 days remained on Oct 9, 2026. On Jun 30, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BOCT or PJUL?: From their prices on Oct 9, 2026, BOCT can gain about 18.4% before its cap and PJUL about 10.3%, so BOCT has more room left this period.
Which resets first, BOCT or PJUL?: BOCT ends its outcome period on Sep 30, 2027 and PJUL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or PJUL?: BOCT and PJUL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BOCT vs PJAN BOCT vs BALT BOCT vs DJUL BOCT vs BSEP PJUL vs UJAN PJUL vs BSEP PJUL vs UOCT PJUL vs GJUN

SPY →BOCT on its own →PJUL on its own →How every figure is computed →Standards and sources →

Where these figures came from

BOCT and PJUL filings on SEC EDGAR ↗Innovator page for BOCT ↗Innovator page for PJUL ↗

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, BOCT against PJUL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/boct-vs-pjul

Open data

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