Data as of Nov 4, 2026.
DJAN vs FEBU: Cap, Buffer & Days Left
As of Nov 4, 2026 DJAN can fall 12.5% before its buffer engages and FEBU 7.4%, and DJAN resets 16 days sooner.
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Net assets on Nov 3, 2026: $459m for FT Vest U.S. Equity Deep Buffer ETF - January and $47m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Feb.
DJAN: reference +10.8% since period start, fund +7.7%; buffer −5 to −30; cap +11.6%; Between buffer and cap. Data to Nov 4, 2026.
DJAN: reference +10.8% since period start, fund +7.7%; buffer −5 to −30; cap +11.6%; Between buffer and cap. Data to Nov 4, 2026.FEBU: reference +10.8% since period start, fund +7.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
FEBU: reference +10.8% since period start, fund +7.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.Pair scorecard
FEBU costs 0.11 points a year less; their one-year returns differ by 1.8 points; DJAN is 9.8 times larger.
Points (pts) are percentage points.
| Measure | DJAN | FEBU |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | +9.0% |
| Drawdown | ||
| Index fall to the buffer | 14.3% | 9.8% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.74% |
| Net assets, as of Nov 3, 2026 | $459m | $47m |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DJAN | FEBU | DJAN | FEBU |
| 3 months | +1.5% | −1.3% | +1.9 pts | −0.9 pts |
| 6 months | +4.4% | +2.3% | −0.1 pts | −2.2 pts |
| 1 year | +10.8% | +9.0% | −2.8 pts | −4.6 pts |
| 3 years | +42.7% | – | −33.7 pts | – |
| Since launchNot the same days: DJAN Jan 2021 · FEBU Feb 2025 | +55.6% | +19.7% | −46.9 pts | −8.6 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
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
DJAN resets first, on Jan 15, 2027, 72 days from now; FEBU runs to Jan 31, 2027, 88 days. A fall from here reaches DJAN’s buffer after 12.5% and FEBU’s after 7.4%. Both track SPY, so what separates them is where each is in its own period.
DJAN
From its price on Nov 4, 2026, the fund can gain about 2.9% more before it reaches its cap. The fund's price can fall 12.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 14.3% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 72 days remained on Nov 4, 2026. On Jan 15, 2027 the period ends and a new cap is set.
FEBU
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 7.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.8% 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. 88 days remained on Nov 4, 2026. On Jan 31, 2027 the period ends and new terms are set.
Questions people ask
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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, DJAN against FEBU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/djan-vs-febu
ETFIQ. (Nov 4, 2026). DJAN against FEBU. Retrieved from https://etfiq.com/compare/buffer/djan-vs-febu
[DJAN against FEBU (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/djan-vs-febu)
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