Data as of Nov 4, 2026.
DJUN vs UJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 DJUN can fall 7.9% before its buffer engages and UJUL 7.3%, and DJUN resets 13 days sooner.
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Net assets: $368m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - June, and $307m on Nov 4, 2026 for Innovator U.S. Equity Ultra Buffer ETF - Jul.
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.
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.UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.
UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
UJUL costs 0.06 points a year less; their one-year returns differ by 0.7 points; DJUN is 1.2 times larger.
Points (pts) are percentage points.
| Measure | DJUN | UJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.9% | +8.6% |
| Drawdown | ||
| Index fall to the buffer | 7.5% | 7.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.79% |
| Net assets, as of Nov 3, 2026 | $368m | $304m |
| 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 →
Risk and return
Jul 2, 2020 to Oct 30, 2026 · 330 weekly returns · each against SPYFrom Jul 2020 to Oct 2026, DJUN and UJUL returned about the same: +62.9% and +62.6%. UJUL swung slightly less: 7.2% to 7.6%. UJUL fell slightly less at its worst: −10.6% to −10.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DJUN | UJUL | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +62.9% | +62.6% | Tie | Price change plus distributions, reinvested. | |
| Annualized | +8.0% | +8.0% | Tie | Total return as a yearly rate. | |
| Price return | +62.9% | +62.6% | Tie | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 7.6% | 7.2% | UJUL (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.0% | 4.7% | UJUL (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −10.9% | −10.6% | UJUL (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 33.6% | 31.5% | 100.0% | DJUN (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 52.2% | 48.9% | 100.0% | UJUL (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.45 | 0.41 | 1.00 | UJUL lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.86 | 0.80 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.64 | 0.66 | UJUL (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.97 | 1.02 | UJUL (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.108 | 0.117 | 0.134 | UJUL (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.74 | 0.75 | Tie | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −1.1% a year | −0.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.03 | −0.52 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.3% to +1.1% | −3.2% to +1.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.93 | −0.87 | UJUL (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.2% | 9.9% | 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, 330 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DJUN | UJUL | DJUN | UJUL |
| 3 months | +0.4% | +0.4% | +0.8 pts | +0.8 pts |
| 6 months | +3.1% | +3.5% | −1.4 pts | −1.0 pts |
| 1 year | +7.9% | +8.6% | −5.7 pts | −4.9 pts |
| 3 years | +40.8% | +45.6% | −35.6 pts | −30.8 pts |
| Since launchNot the same days: DJUN Jun 2020 · UJUL Aug 2018 | +65.1% | +75.8% | −81.7 pts | −92.9 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
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
DJUN resets first, on Jun 17, 2027, 225 days from now; UJUL runs to Jun 30, 2027, 238 days. DJUN can still gain 10.3% before its cap, UJUL 11.4%. A fall from here reaches DJUN’s buffer after 7.9% and UJUL’s after 7.3%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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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.
UJUL
From its price on Nov 4, 2026, the fund can gain about 11.4% more before it reaches its cap. The fund's price can fall 7.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% 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. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is 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, DJUN against UJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/djun-vs-ujul
ETFIQ. (Nov 4, 2026). DJUN against UJUL. Retrieved from https://etfiq.com/compare/buffer/djun-vs-ujul
[DJUN against UJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/djun-vs-ujul)
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