Which has more room to gain, DJUN or GJUN?

From their prices on Nov 4, 2026, DJUN can gain about 10.3% before its cap and GJUN about 9.8%, so DJUN has more room left this period.

Which resets first, DJUN or GJUN?

DJUN ends its outcome period on Jun 17, 2027 and GJUN on Jun 17, 2027. A new cap is set the day after each.

Which is cheaper, DJUN or GJUN?

DJUN and GJUN both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

DJUN vs GJUN: Cap, Buffer & Days Left

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As of Nov 4, 2026 DJUN can fall 7.9% before its buffer engages and GJUN 3.3%.

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Net assets on Nov 3, 2026: $368m for FT Vest U.S. Equity Deep Buffer ETF - June and $497m for FT Vest U.S. Equity Moderate Buffer ETF - June.

DJUN on its own →GJUN on its own →

At a glance

7.9%

DJUN can fall this far before its buffer

3.3%

GJUN can fall this far before its buffer

10.3%

DJUN can still gain

9.8%

GJUN can still gain

DJUN Between buffer and cap

DJUN: reference +2.7% since period start, fund +2.2%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.

GJUN Between buffer and cap

GJUN: reference +2.7% since period start, fund +2.5%; buffer 0 to −15; cap +13.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.85% a year; their one-year returns differ by 0.4 points; GJUN is 1.4 times larger.

Points (pts) are percentage points.

DJUN vs GJUN: Cap, Buffer & Days Left
Measure	DJUN	GJUN
Return
Measure	DJUN	GJUN
Total return, 1 year	+7.9%	+8.3%
Drawdown
Measure	DJUN	GJUN
Index fall to the buffer	7.5%	2.6%
Benchmark
Measure	DJUN	GJUN
What it tracks	SPY	SPY
Cost and size
Measure	DJUN	GJUN
Expense ratio	0.85%	0.85%
Net assets, as of Nov 3, 2026	$368m	$497m
Holdings
Measure	DJUN	GJUN
Holdings in common	not published

ETFIQ Downside Cover Score · GJUN scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score60.1DJUN83.2GJUN

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

DJUN 60.1

GJUN 83.2

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

Risk and return

Jun 30, 2023 to Oct 30, 2026 · 174 weekly returns · each against SPY

DJUN GJUN

Return

Total return edge Tie +38.4% +38.9%

Annualized edge Tie +10.2% +10.3%

Price return edge Tie +38.4% +38.9%

Risk

Volatility edge GJUN (slight) 7.8% 7.4%

Max drawdown edge GJUN −10.9% −9.8%

Downside capture 57.1% 52.9%

Beta 0.53 0.50

Risk-adjusted

Sharpe edge GJUN (slight) 0.70 0.76

Sortino edge GJUN (slight) 1.07 1.15

Treynor 0.104 0.111

Calmar edge GJUN 0.94 1.06

Against the benchmark

Alpha −1.7% a year −1.2% a year

Alpha t-stat −1.20 −1.01

Information ratio −1.14 −1.09

Tracking error 7.1% 7.4%

Reading

From Jun 2023 to Oct 2026, DJUN and GJUN returned about the same: +38.4% and +38.9%. GJUN swung slightly less: 7.4% to 7.8%. GJUN fell less at its worst: −9.8% to −10.9%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: DJUN vs GJUN: Cap, Buffer & Days Left
Measure	DJUN	GJUN	SPY	Edge	How it is measured
Return
Total return	+38.4%	+38.9%		Tie	Price change plus distributions, reinvested.
Annualized	+10.2%	+10.3%		Tie	Total return as a yearly rate.
Price return	+38.4%	+38.9%		Tie	Price change alone, distributions left out.
Risk
Volatility	7.8%	7.4%		GJUN (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.1%	4.8%		GJUN (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−10.9%	−9.8%		GJUN	Deepest fall from a high to the low after it.
Upside capture	41.2%	38.8%	100.0%	DJUN (slight)	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	57.1%	52.9%	100.0%	GJUN (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.53	0.50	1.00	GJUN lower	How far it moves for each 1% its benchmark moves.
R squared	0.89	0.91	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.70	0.76		GJUN (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.07	1.15		GJUN (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.104	0.111	0.136	GJUN (slight)	Return above Treasury bills per unit of beta.
Calmar	0.94	1.06		GJUN	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	SPY	SPY		The ETF each fund is measured against.
Alpha	−1.7% a year	−1.2% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−1.20	−1.01		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.5% to +1.1%	−3.6% to +1.2%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−1.14	−1.09		GJUN (slight)	Return against its benchmark per unit of tracking error.
Tracking error	7.1%	7.4%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 174 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: DJUN vs GJUN: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DJUN	GJUN	DJUN	GJUN
3 months	+0.4%	+0.7%	+0.8 pts	+1.1 pts
6 months	+3.1%	+3.3%	−1.4 pts	−1.2 pts
1 year	+7.9%	+8.3%	−5.7 pts	−5.3 pts
3 years	+40.8%	+40.7%	−35.6 pts	−35.7 pts
Since launchNot the same days: DJUN Jun 2020 · GJUN Jun 2023	+65.1%	+41.3%	−81.7 pts	−34.1 pts

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

Side by side

DJUN FT Vest U.S. Equity Deep Buffer ETF - June · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 13.6%, over a period ending Jun 17, 2027 GJUN FT Vest U.S. Equity Moderate Buffer ETF - June · Absorbs the first 15% of loss on SPY and caps the gain at 13.3%, over a period ending Jun 17, 2027

Issuer First Trust First Trust

Reference index SPY SPY

Buffer 5% to 30% 15%

Outcome period Jun 22, 2026 to Jun 17, 2027 Jun 22, 2026 to Jun 17, 2027

Days left 225 225

Starting cap +13.6% +13.3%

Can still gain 10.3% 9.8%

Fall before buffer 7.9% 3.3%

Protection left, index points 25.0% of 25.0% 15.0% of 15.0%

Index return this period +2.7% +2.7%

Fund return this period +2.2% +2.5%

State today Open Open

Expense ratio 0.85% 0.85%

Net assets, as of Nov 3, 2026 $368m $497m

As of Nov 4, 2026. Source: ETFIQ.

Both are First Trust funds, so the difference between them is the terms rather than the house.

Where each one stands today

DJUN resets first, on Jun 17, 2027, 225 days from now; GJUN runs to Jun 17, 2027, 225 days. DJUN can still gain 10.3% before its cap, GJUN 9.8%. A fall from here reaches DJUN’s buffer after 7.9% and GJUN’s after 3.3%. Both track SPY, so what separates them is where each is in its own period.

Client brief:

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About each fund

DJUN

From its price on Nov 4, 2026, the fund can gain about 10.3% more before it reaches its cap. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.5% 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. 225 days remained on Nov 4, 2026. On Jun 17, 2027 the period ends and a new cap is set.

GJUN

From its price on Nov 4, 2026, the fund can gain about 9.8% more before it reaches its cap. The fund's price can fall 3.3% 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. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DJUN or GJUN?: From their prices on Nov 4, 2026, DJUN can gain about 10.3% before its cap and GJUN about 9.8%, so DJUN has more room left this period.
Which resets first, DJUN or GJUN?: DJUN ends its outcome period on Jun 17, 2027 and GJUN on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, DJUN or GJUN?: DJUN and GJUN both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DJUN vs FJUN DJUN vs JULC DJUN vs HJLY DJUN vs UJUL GJUN vs JULW GJUN vs PJUL GJUN vs JULU GJUN vs PBJL

Where to next

State Street® SPDR® S&P 500® ETF Trust →DJUN on its own →GJUN on its own →Method →Standards and sources →

Sources and dates

DJUN and GJUN filings on SEC EDGAR ↗

First Trust page for DJUN ↗

First Trust page for GJUN ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, DJUN against GJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/djun-vs-gjun

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