Data as of Nov 4, 2026.

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Buffer ETFs

CJUL vs PJUL: Cap, Buffer & Days Left

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PJUL can fall 2.7% before its buffer engages as of Nov 4, 2026, and CJUL 1.1% as of Nov 3, 2026.

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Net assets on Nov 4, 2026: $1.0m for Corgi U.S. Equities 15% Structured Buffer ETF - July Series and $1.3bn for Innovator U.S. Equity Power Buffer ETF - Jul.

At a glance
CJUL Between buffer and cap
Between buffer and capCJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.15 pts of buffer+12.8% more to the cap−15.0% floor0% period start+14.0% cap+1.2% gain capturedTODAY · SPY +1.2%Between buffer and capCJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.15 pts−15.0% floor0% start+14.0% cap+1.2% gain captured+12.8% more to the capTODAY · SPY +1.2%

CJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.

CJUL: reference +1.2% since period start, fund +2.1%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 3, 2026.
PJUL Between buffer and cap
Between buffer and capPJUL: reference +2.6% since period start, fund +2.5%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+2.6%+11.3% more to the cap−15.0% floor0% period start+14.0% capTODAY · SPY +2.6%Between buffer and capPJUL: reference +2.6% since period start, fund +2.5%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+14.0% cap+2.6% gain captured+11.3% more to the capTODAY · SPY +2.6%

PJUL: reference +2.6% since period start, fund +2.5%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CJUL costs 0.49 points a year less; PJUL is far larger, $1.3bn against $1.0m.

Points (pts) are percentage points.

CJUL vs PJUL: Cap, Buffer & Days Left
MeasureCJULPJUL
Return
Total return, 1 yearnot published+9.3%
Drawdown
Index fall to the buffer1.1%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.30%0.79%
Net assets$1.0m$1.3bn
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · CJUL and PJUL score the same If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score83.2CJUL83.2PJUL

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: CJUL vs PJUL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowCJULPJULCJULPJUL
3 months+0.7%+0.6%+1.1 pts+1.0 pts
6 months–+3.9%–−0.6 pts
1 year–+9.3%–−4.2 pts
3 years–+46.5%–−29.9 pts
Since launchNot the same days: CJUL Jul 2026 · PJUL Aug 2018+2.8%+100.8%−0.1 pts−67.8 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

CJUL Corgi U.S. Equities 15% Structured Buffer ETF - July Series · Absorbs the first 15% of loss on SPY and caps the gain at 14.0%, over a period ending Jun 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
Reference index SPY SPY
Buffer 15% 15%
Outcome period Jul 1, 2026 to Jun 30, 2027 Jun 30, 2026 to Jun 30, 2027
Days left 239 238
Starting cap +14.0% +14.0%
Can still gain not published 10.9%
Fall before buffer 1.1% 2.7%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +1.2% +2.6%
Fund return this period +2.1% +2.5%
State today Open Open
Expense ratio 0.30% 0.79%
Net assets $1.0m $1.3bn

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

PJUL resets first, on Jun 30, 2027, 238 days from now; CJUL runs to Jun 30, 2027, 239 days. A fall from here reaches CJUL’s buffer after 1.1% and PJUL’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
CJUL

The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.1% 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. 239 days remained on Nov 3, 2026. On Jun 30, 2027 the period ends and a new cap is set.

PJUL

From its price on Nov 4, 2026, the fund can gain about 10.9% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.6% from today's level to the point where the buffer begins. 238 days remained on Nov 4, 2026.

Questions people ask

Which resets first, CJUL or PJUL?
CJUL ends its outcome period on Jun 30, 2027 and PJUL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, CJUL or PJUL?
CJUL charges 0.30% a year and PJUL charges 0.79%, so CJUL is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

Links are sources, not endorsements. 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 number 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 number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, CJUL against PJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cjul-vs-pjul

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