Which resets first, CJUL or TJUL?

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

Which is cheaper, CJUL or TJUL?

CJUL charges 0.30% a year and TJUL charges 0.79%, so CJUL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

CJUL vs TJUL: Cap, Buffer & Days Left

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TJUL can fall 8.2% 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 $114m for Innovator Equity Defined Protection ETF - Jul 2027.

CJUL on its own →TJUL on its own →

At a glance

CJUL Between buffer and cap

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.

TJUL At its cap

TJUL: reference +24.1% since period start, fund +7.6%; buffer Floor; cap +13.6%; At its cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CJUL costs 0.49 points a year less; TJUL is far larger, $114m against $1.0m.

Points (pts) are percentage points.

CJUL vs TJUL: Cap, Buffer & Days Left
Measure	CJUL	TJUL
Return
Measure	CJUL	TJUL
Total return, 1 year	not published	+5.0%
Drawdown
Measure	CJUL	TJUL
Index fall to the buffer	1.1%	19.4%
Benchmark
Measure	CJUL	TJUL
What it tracks	SPY	SPY
Cost and size
Measure	CJUL	TJUL
Expense ratio	0.30%	0.79%
Net assets	$1.0m	$114m
Holdings
Measure	CJUL	TJUL
Holdings in common	not published

Method

Window by window

Window by window: CJUL vs TJUL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	CJUL	TJUL	CJUL	TJUL
3 months	+0.7%	+1.2%	+1.1 pts	+1.6 pts
6 months	–	+2.4%	–	−2.1 pts
1 year	–	+5.0%	–	−8.6 pts
3 years	–	+25.0%	–	−51.4 pts
Since launchNot the same days: CJUL Jul 2026 · TJUL Jul 2023	+2.8%	+23.8%	−0.1 pts	−45.0 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 TJUL Innovator Equity Defined Protection ETF - Jul 2027 · Absorbs the whole loss on SPY and caps the gain at 13.6%, over a period ending Jun 30, 2027

Issuer Corgi Innovator

Reference index SPY SPY

Buffer 15% 100%

Outcome period Jul 1, 2026 to Jun 30, 2027 Jun 30, 2025 to Jun 30, 2027

Days left 239 238

Starting cap +14.0% +13.6%

Can still gain not published 4.5%

Fall before buffer 1.1% 8.2%

Protection left, index points 15.0% of 15.0% 100.0% of 100.0%

Index return this period +1.2% +24.1%

Fund return this period +2.1% +7.6%

State today Open At cap

Expense ratio 0.30% 0.79%

Net assets $1.0m $114m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. TJUL is a floor fund, which caps how far a holder can fall. CJUL is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

TJUL is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

TJUL 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 TJUL’s after 8.2%. Both track SPY, so what separates them is where each is in its own period.

Alert

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.

TJUL

SPY had already risen past this fund's cap of +13.6% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.5% as the period runs out. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 19.4% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 238 days remained on Nov 4, 2026.

Questions people ask

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

Other comparisons

CJUL vs PMJL CJUL vs XJUN CJUL vs DDTL CJUL vs DDFL TJUL vs HJLY TJUL vs CTJL TJUL vs JULC TJUL vs PMJL

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CJUL on its own →TJUL on its own →Method →Standards and sources →

Sources and dates

CJUL filings on SEC EDGAR ↗

Corgi website ↗

Innovator page for TJUL ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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 TJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cjul-vs-tjul

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