{"url":"https://etfiq.com/compare/buffer/bsep-vs-sepp","section":"compare","title":"BSEP vs SEPP: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 22, 2026 BSEP can gain 19.6% before its cap and SEPP 15.1%. Each can fall 0.2% and 0.7% before its buffer engages, on SPY.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, BSEP or SEPP?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 22, 2026, BSEP can gain about 19.6% before its cap and SEPP about 15.1%, so BSEP has more room left this period."}},{"@type":"Question","name":"Which resets first, BSEP or SEPP?","acceptedAnswer":{"@type":"Answer","text":"BSEP ends its outcome period on Aug 31, 2027 and SEPP on Aug 31, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, BSEP or SEPP?","acceptedAnswer":{"@type":"Answer","text":"BSEP charges 0.79% a year and SEPP charges 0.50%, so SEPP is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"BSEP vs SEPP","item":"https://etfiq.com/compare/buffer/bsep-vs-sepp"}]},{"@type":"WebPage","name":"BSEP vs SEPP: Cap, Buffer & Days Left","description":"As of Oct 22, 2026 BSEP can gain 19.6% before its cap and SEPP 15.1%. Each can fall 0.2% and 0.7% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/bsep-vs-sepp","dateModified":"2026-10-22","abstract":"As of Oct 22, 2026 SEPP can fall 0.7% before its buffer engages and BSEP 0.2%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BSEP and SEPP","description":"As of Oct 22, 2026 BSEP can gain 19.6% before its cap and SEPP 15.1%. Each can fall 0.2% and 0.7% before its buffer engages, on SPY.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/bsep-vs-sepp","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6452,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / BSEP vs SEPP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n BSEP vs SEPP: Cap, Buffer & Days Left\n\n As of Oct 22, 2026 SEPP can fall 0.7% before its buffer engages and BSEP 0.2%.\n Copy this for sharing \n \n SEPP costs 0.29 points a year less; their one-year returns differ by 1.0 point; BSEP is 12.3 times larger.\n BSEP and SEPP at a glance. As of Oct 22, 2026. Source: ETFIQ. BSEP SEPP \n Expense ratio 0.79% 0.50% \n Net assets $460m $38m \n Total return, 1 year +11.7% +10.7% \n What it tracks SPY SPY \n Holdings in common not published \n \n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, BSEP against SEPP, data as of Oct 22, 2026. https://etfiq.com/compare/buffer/bsep-vs-sepp","a":{"ticker":"BSEP","name":"Innovator U.S. Equity Buffer ETF - Sep","issuer":"Innovator","desk":"buffer","as_of":"2026-10-22","verdict":"Since Aug 31, 2026, BSEP returned 0.1%, against \u22120.4% for SPY. 8.6% of its 9.0% buffer is left.","url":"https://etfiq.com/funds/bsep","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"19.6%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"0.2%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"8.6%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"313","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$460m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"SEPP","name":"PGIM S&P 500 Buffer 12 ETF - September","issuer":"PGIM","desk":"buffer","as_of":"2026-10-22","verdict":"Since Sep 1, 2026, SEPP returned 0.2%, against \u22120.4% for SPY. 11.6% of its 12.0% buffer is left.","url":"https://etfiq.com/funds/sepp","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"15.1%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"0.7%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"11.6%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"313","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$38m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-10-22","source":"issuer data, Oct 22, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/bsep-vs-sepp"}