Which has more room to gain, DJUN or JUNM?

From their prices on Nov 4, 2026, DJUN can gain about 10.3% before its cap and JUNM about 4.9%, so DJUN has more room left this period.

Which resets first, DJUN or JUNM?

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

Which is cheaper, DJUN or JUNM?

DJUN and JUNM 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 JUNM: Cap, Buffer & Days Left

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As of Nov 4, 2026 DJUN can fall 7.9% before its buffer engages and JUNM 2.3%.

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Net assets on Nov 3, 2026: $368m for FT Vest U.S. Equity Deep Buffer ETF - June and $66m for FT Vest U.S. Equity Max Buffer ETF - June.

DJUN on its own →JUNM on its own →

At a glance

7.9%

DJUN can fall this far before its buffer

2.3%

JUNM can fall this far before its buffer

10.3%

DJUN can still gain

4.9%

JUNM 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.

JUNM Full floor

JUNM: reference +2.7% since period start, fund +1.5%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.85% a year; their one-year returns differ by 3.1 points; DJUN is 5.6 times larger.

Points (pts) are percentage points.

DJUN vs JUNM: Cap, Buffer & Days Left
Measure	DJUN	JUNM
Return
Measure	DJUN	JUNM
Total return, 1 year	+7.9%	+4.8%
Drawdown
Measure	DJUN	JUNM
Index fall to the buffer	7.5%	2.6%
Benchmark
Measure	DJUN	JUNM
What it tracks	SPY	SPY
Cost and size
Measure	DJUN	JUNM
Expense ratio	0.85%	0.85%
Net assets, as of Nov 3, 2026	$368m	$66m
Holdings
Measure	DJUN	JUNM
Holdings in common	not published

Method

Risk and return

Jul 5, 2024 to Oct 30, 2026 · 121 weekly returns · each against SPY

DJUN JUNM

Return

Total return edge DJUN +20.7% +15.6%

Annualized edge DJUN +8.4% +6.4%

Price return edge DJUN +20.7% +15.6%

Risk

Volatility edge JUNM 8.3% 4.1%

Max drawdown edge JUNM −10.9% −5.2%

Downside capture 57.2% 22.6%

Beta 0.52 0.24

Risk-adjusted

Sharpe edge Tie 0.51 0.52

Sortino edge JUNM (slight) 0.78 0.80

Treynor 0.082 0.088

Calmar edge JUNM 0.78 1.24

Against the benchmark

Alpha −1.7% a year −0.6% a year

Alpha t-stat −0.89 −0.46

Information ratio −0.92 −0.80

Tracking error 7.7% 11.5%

Reading

From Jul 2024 to Oct 2026, DJUN returned more: +20.7% to +15.6%. JUNM swung less: 4.1% to 8.3%. JUNM fell less at its worst: −5.2% to −10.9%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: DJUN vs JUNM: Cap, Buffer & Days Left
Measure	DJUN	JUNM	SPY	Edge	How it is measured
Return
Total return	+20.7%	+15.6%		DJUN	Price change plus distributions, reinvested.
Annualized	+8.4%	+6.4%		DJUN	Total return as a yearly rate.
Price return	+20.7%	+15.6%		DJUN	Price change alone, distributions left out.
Risk
Volatility	8.3%	4.1%		JUNM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.5%	2.7%		JUNM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−10.9%	−5.2%		JUNM	Deepest fall from a high to the low after it.
Upside capture	39.9%	17.6%	100.0%	DJUN	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	57.2%	22.6%	100.0%	JUNM	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.52	0.24	1.00	JUNM lower	How far it moves for each 1% its benchmark moves.
R squared	0.88	0.76	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.51	0.52		Tie	Return above Treasury bills per unit of volatility.
Sortino	0.78	0.80		JUNM (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.082	0.088	0.114	JUNM (slight)	Return above Treasury bills per unit of beta.
Calmar	0.78	1.24		JUNM	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	−0.6% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.89	−0.46		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−5.4% to +2.1%	−3.3% to +2.0%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.92	−0.80		JUNM	Return against its benchmark per unit of tracking error.
Tracking error	7.7%	11.5%	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, 121 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: DJUN vs JUNM: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DJUN	JUNM	DJUN	JUNM
3 months	+0.4%	+0.7%	+0.8 pts	+1.0 pts
6 months	+3.1%	+2.0%	−1.4 pts	−2.5 pts
1 year	+7.9%	+4.8%	−5.7 pts	−8.7 pts
3 years	+40.8%	–	−35.6 pts	–
Since launchNot the same days: DJUN Jun 2020 · JUNM Jun 2024	+65.1%	+16.6%	−81.7 pts	−24.7 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

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 JUNM FT Vest U.S. Equity Max Buffer ETF - June · Absorbs the whole loss on SPY and caps the gain at 7.3%, over a period ending Jun 17, 2027

Issuer First Trust First Trust

Reference index SPY SPY

Buffer 5% to 30% 100%

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

Days left 225 225

Starting cap +13.6% +7.3%

Can still gain 10.3% 4.9%

Fall before buffer 7.9% 2.3%

Protection left, index points 25.0% of 25.0% 100.0% of 100.0%

Index return this period +2.7% +2.7%

Fund return this period +2.2% +1.5%

State today Open Open

Expense ratio 0.85% 0.85%

Net assets, as of Nov 3, 2026 $368m $66m

As of Nov 4, 2026. Source: ETFIQ.

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

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; JUNM runs to Jun 17, 2027, 225 days. DJUN can still gain 10.3% before its cap, JUNM 4.9%. A fall from here reaches DJUN’s buffer after 7.9% and JUNM’s after 2.3%. 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.

JUNM

From its price on Nov 4, 2026, the fund can gain about 4.9% more before it reaches its cap. The fund's price can fall 2.3% 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: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DJUN or JUNM?: From their prices on Nov 4, 2026, DJUN can gain about 10.3% before its cap and JUNM about 4.9%, so DJUN has more room left this period.
Which resets first, DJUN or JUNM?: DJUN ends its outcome period on Jun 17, 2027 and JUNM on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, DJUN or JUNM?: DJUN and JUNM both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DJUN vs PBJL DJUN vs XBJL DJUN vs JULT DJUN vs JULU JUNM vs UJUL JUNM vs PJUL JUNM vs GJUN JUNM vs JULW

Where to next

State Street® SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DJUN on its own →JUNM on its own →Method →Standards and sources →

Sources and dates

DJUN and JUNM filings on SEC EDGAR ↗

First Trust page for DJUN ↗

First Trust page for JUNM ↗

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.

Cite this pageCitation, APA and Markdown

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

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