CJUL vs UJUL: Cap, Buffer & Days Left

UJUL can fall 7.8% before its buffer engages as of Oct 13, 2026, and CJUL 4.2% as of Oct 12, 2026. Net assets on Oct 12, 2026: $1m for Corgi U.S. Equities 15% Structured Buffer ETF - July Series and $303m for Innovator U.S. Equity Ultra Buffer ETF - Jul.

CJUL costs 0.49 points a year less; UJUL is far larger, $303m against $1m.

Points (pts) are percentage points.

CJUL vs UJUL: Cap, Buffer & Days Left
CJULUJUL
Expense ratio0.30%0.79%
Net assets, as of Oct 12, 2026$1m$303m
Total return, 1 yearnot published+10.6%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer4.2%8.7%
CJULBetween buffer and cap
Between buffer and capCJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Figures to Oct 12, 2026.15 pts of buffer+4.3%+9.7% to cap−15.0% floor0% period start+14.0% capTODAY · SPY +4.3%Between buffer and capCJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Figures to Oct 12, 2026.15 pts−15.0% floor0% start+14.0% cap+4.3% gain captured+9.7% more to the capTODAY · SPY +4.3%

CJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Figures to Oct 12, 2026.

CJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Figures to Oct 12, 2026.

UJULBetween buffer and cap
Between buffer and capUJUL: reference +4.1% since period start, fund +2.8%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Figures to Oct 13, 2026.30 pts of buffer+4.1%+10.1% to cap−35.0% floor−5.0% buffer start0% period start+14.2% capfirst 5 pts are yours to loseTODAY · SPY +4.1%Between buffer and capUJUL: reference +4.1% since period start, fund +2.8%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Figures to Oct 13, 2026.30 pts of buffer−35.0% floor−5.0% buffer start0% start+14.2% capfirst 5 pts are yours to lose+4.1% gain captured+10.1% more to the capTODAY · SPY +4.1%

UJUL: reference +4.1% since period start, fund +2.8%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Figures to Oct 13, 2026.

UJUL: reference +4.1% since period start, fund +2.8%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Figures to Oct 13, 2026.

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

Where each one stands today

UJUL resets first, on Jun 30, 2027, 260 days from now; CJUL runs to Jun 30, 2027, 261 days. A fall from here reaches CJUL’s buffer after 4.2% and UJUL’s after 7.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: CJUL vs UJUL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowCJULUJULCJULUJUL
3 months+3.4%+2.5%−0.5 pts−1.3 pts
6 monthsnot published+6.1%not published−7.3 pts
1 yearnot published+10.6%not published−8.5 pts
3 yearsnot published+47.3%not published−33.1 pts
Since launch
Not the same days: CJUL Jul 2026 · UJUL Aug 2018
+3.4%+76.9%−1.1 pts−95.7 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

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
UJUL
Innovator U.S. Equity Ultra Buffer ETF - Jul · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 14.2%, over a period ending Jun 30, 2027
Reference index SPY SPY
Buffer 15% 5% to 35%
Outcome period Jul 1, 2026 to Jun 30, 2027 Jun 30, 2026 to Jun 30, 2027
Days left 261 260
Starting cap +14.0% +14.2%
Can still gain not published 10.8%
Fall before buffer 4.2% 7.8%
Protection left, index points 15.0% of 15.0% 30.0% of 30.0%
Index return this period +4.3% +4.1%
Fund return this period +3.6% +2.8%
State today Open Open
Expense ratio 0.30% 0.79%
Net assets, as of Oct 12, 2026 $1m $303m

As of Oct 13, 2026. Source: ETFIQ.

About CJUL

The fund's price can fall 4.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.2% 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. 261 days remained on Oct 12, 2026. On Jun 30, 2027 the period ends and a new cap is set.

About UJUL

From its price on Oct 13, 2026, the fund can gain about 10.8% more before it reaches its cap. The fund's price can fall 7.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 8.7% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level. 260 days remained on Oct 13, 2026.

Questions people ask

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

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.

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ETFIQ, CJUL against UJUL, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/cjul-vs-ujul

Open data

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