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Data as of Nov 4, 2026.

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Buffer ETFs

DJUN vs XBJL: Cap, Buffer & Days Left

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As of Nov 4, 2026 DJUN can fall 7.9% before its buffer engages and XBJL 3.5%, 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 $77m on Nov 4, 2026 for Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul.

DJUN on its own →XBJL on its own →
At a glance
7.9%
DJUN can fall this far before its buffer
3.5%
XBJL can fall this far before its buffer
10.3%
DJUN can still gain
9.9%
XBJL can still gain
DJUN Between buffer and cap
Between buffer and capDJUN: reference +2.7% since period start, fund +2.2%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer+10.9% more to the cap−30.0% floor−5.0% buffer start0% period start+13.6% capfirst 5 pts are yours to lose+2.7% gain capturedTODAY · SPY +2.7%Between buffer and capDJUN: reference +2.7% since period start, fund +2.2%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer−30.0% floor−5.0% buffer start0% start+13.6% capfirst 5 pts are yours to lose+2.7% gain captured+10.9% more to the capTODAY · SPY +2.7%

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.
XBJL Between buffer and cap
Between buffer and capXBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.9 pts of buffer+11.2% more to the cap−9.0% floor0% period start+13.8% cap+2.6% gain capturedTODAY · SPY +2.6%Between buffer and capXBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.9 pts−9.0% floor0% start+13.8% cap+2.6% gain captured+11.2% more to the capTODAY · SPY +2.6%

XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

XBJL costs 0.06 points a year less; their one-year returns differ by 2.0 points; DJUN is 4.8 times larger.

Points (pts) are percentage points.

DJUN vs XBJL: Cap, Buffer & Days Left
MeasureDJUNXBJL
Return
Total return, 1 year+7.9%+9.9%
Drawdown
Index fall to the buffer7.5%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.79%
Net assets, as of Nov 3, 2026$368m$77m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DJUN vs XBJL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDJUNXBJLDJUNXBJL
3 months+0.4%+1.4%+0.8 pts+1.8 pts
6 months+3.1%+4.3%−1.4 pts−0.2 pts
1 year+7.9%+9.9%−5.7 pts−3.6 pts
3 years+40.8%+42.8%−35.6 pts−33.6 pts
Since launchNot the same days: DJUN Jun 2020 · XBJL Jul 2021+65.1%+60.3%−81.7 pts−17.8 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 XBJL Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul · Absorbs the first 9% of loss on SPY and caps the gain at 13.8%, over a period ending Jun 30, 2027
Issuer First Trust Innovator
Reference index SPY SPY
Buffer 5% to 30% 9%
Outcome period Jun 22, 2026 to Jun 17, 2027 Jun 30, 2026 to Jun 30, 2027
Days left 225 238
Starting cap +13.6% +13.8%
Can still gain 10.3% 9.9%
Fall before buffer 7.9% 3.5%
Protection left, index points 25.0% of 25.0% 9.0% of 9.0%
Index return this period +2.7% +2.6%
Fund return this period +2.2% +3.3%
State today Open Open
Expense ratio 0.85% 0.79%
Net assets, DJUN as of Nov 3, 2026 and XBJL as of Nov 4, 2026 $368m $77m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. XBJL 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.

Where each one stands today

DJUN resets first, on Jun 17, 2027, 225 days from now; XBJL runs to Jun 30, 2027, 238 days. DJUN can still gain 10.3% before its cap, XBJL 9.9%. A fall from here reaches DJUN’s buffer after 7.9% and XBJL’s after 3.5%. Both track SPY, so what separates them is where each is in its own period.

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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.

XBJL

From its price on Nov 4, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 3.5% 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: 9.0% of the 9.0% 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

Which has more room to gain, DJUN or XBJL?
From their prices on Nov 4, 2026, DJUN can gain about 10.3% before its cap and XBJL about 9.9%, so DJUN has more room left this period.
Which resets first, DJUN or XBJL?
DJUN ends its outcome period on Jun 17, 2027 and XBJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, DJUN or XBJL?
DJUN charges 0.85% a year and XBJL charges 0.79%, so XBJL is cheaper. Fees come from each fund's prospectus.
Other comparisons
DJUN vs JULUDJUN vs PBJLDJUN vs JUNMDJUN vs AJULXBJL vs UJULXBJL vs GJUNXBJL vs JULWXBJL vs ZJUL
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 →XBJL on its own →Method →Standards and sources →
Sources and dates
DJUN filings on SEC EDGAR ↗
First Trust page for DJUN ↗
XBJL filings on SEC EDGAR ↗
Innovator page for XBJL ↗

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.

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

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