Which has more room to gain, DQJN or PQJL?

From their prices on Nov 4, 2026, DQJN can gain about 22.6% before its cap and PQJL about 25.6%, so PQJL has more room left this period.

Which resets first, DQJN or PQJL?

DQJN ends its outcome period on Jun 17, 2027 and PQJL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, DQJN or PQJL?

DQJN charges 0.90% a year and PQJL charges 0.50%, so PQJL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

DQJN vs PQJL: Cap, Buffer & Days Left

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As of Nov 4, 2026 DQJN can fall 0.0% before its buffer engages and PQJL 0.0%, and DQJN resets 13 days sooner.

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Net assets: $16m on Nov 3, 2026 for FT Vest Nasdaq-100 Dual Directional Buffer ETF - June, and $28m on Nov 4, 2026 for PGIM Nasdaq-100 Buffer 12 ETF - July.

DQJN on its own →PQJL on its own →

At a glance

0.0%

DQJN can fall this far before its buffer

0.0%

PQJL can fall this far before its buffer

22.6%

DQJN can still gain

25.6%

PQJL can still gain

DQJN Buffer working

DQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026.

PQJL Buffer working

PQJL: reference −6.0% since period start, fund −2.5%; buffer 0 to −12; cap +23.0%; Buffer working. Data to Nov 4, 2026.

Pair scorecard

PQJL costs 0.40 points a year less; PQJL is 1.8 times larger.

Points (pts) are percentage points.

DQJN vs PQJL: Cap, Buffer & Days Left
Measure	DQJN	PQJL
Return
Measure	DQJN	PQJL
Total return, 1 year	not published	+6.3%
Benchmark
Measure	DQJN	PQJL
What it tracks	QQQ	QQQ
Cost and size
Measure	DQJN	PQJL
Expense ratio	0.90%	0.50%
Net assets, as of Nov 3, 2026	$16m	$28m
Holdings
Measure	DQJN	PQJL
Holdings in common	not published

Method

Window by window

Window by window: DQJN vs PQJL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DQJN	PQJL	DQJN	PQJL
3 months	−1.0%	−1.5%	+2.5 pts	+2.1 pts
6 months	–	−1.0%	–	−0.4 pts
1 year	–	+6.3%	–	−5.5 pts
Since launchNot the same days: DQJN Jun 2026 · PQJL Jan 2025	−1.9%	+21.8%	+4.4 pts	−13.8 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

DQJN FT Vest Nasdaq-100 Dual Directional Buffer ETF - June · Absorbs the first 10% of loss on QQQ and caps the gain at 21.4%, over a period ending Jun 17, 2027 PQJL PGIM Nasdaq-100 Buffer 12 ETF - July · Absorbs the first 12% of loss on QQQ and caps the gain at 23.0%, over a period ending Jun 30, 2027

Issuer First Trust PGIM

Reference index QQQ QQQ

Buffer 10% 12%

Outcome period Jun 22, 2026 to Jun 17, 2027 Jul 1, 2026 to Jun 30, 2027

Days left 225 238

Starting cap +21.4% +23.0%

Can still gain 22.6% 25.6%

Fall before buffer 0.0% 0.0%

Protection left, index points 3.4% of 10.0% 6.0% of 12.0%

Index return this period −6.6% −6.0%

Fund return this period −1.8% −2.5%

State today Buffer working Buffer working

Expense ratio 0.90% 0.50%

Net assets, DQJN as of Nov 3, 2026 and PQJL as of Nov 4, 2026 $16m $28m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PQJL is a floor fund, which caps how far a holder can fall. DQJN 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

DQJN resets first, on Jun 17, 2027, 225 days from now; PQJL runs to Jun 30, 2027, 238 days. DQJN can still gain 22.6% before its cap, PQJL 25.6%. A fall from here reaches DQJN’s buffer after 0.0% and PQJL’s after 0.0%. Both track QQQ, so what separates them is where each is in its own period.

Alert

About each fund

DQJN

From its price on Nov 4, 2026, the fund can gain about 22.6% more before it reaches its cap. Protection left, in index points: 3.4% of the 10.0% buffer still sits below today's QQQ level. 225 days remained on Nov 4, 2026. On Jun 17, 2027 the period ends and a new cap is set.

PQJL

From its price on Nov 4, 2026, the fund can gain about 25.6% more before it reaches its cap. Protection left, in index points: 6.0% of the 12.0% buffer still sits below today's QQQ 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, DQJN or PQJL?: From their prices on Nov 4, 2026, DQJN can gain about 22.6% before its cap and PQJL about 25.6%, so PQJL has more room left this period.
Which resets first, DQJN or PQJL?: DQJN ends its outcome period on Jun 17, 2027 and PQJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, DQJN or PQJL?: DQJN charges 0.90% a year and PQJL charges 0.50%, so PQJL is cheaper. Fees come from each fund's prospectus.

Other comparisons

DQJN vs NJUL DQJN vs QQJL DQJN vs QJL DQJN vs QJUN PQJL vs QQJL PQJL vs QJL PQJL vs QJUN PQJL vs NJUL

Where to next

Invesco QQQ Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DQJN on its own →PQJL on its own →PQJL dividend history →Method →Standards and sources →

Sources and dates

DQJN filings on SEC EDGAR ↗

First Trust page for DQJN ↗

PQJL filings on SEC EDGAR ↗

PGIM website ↗

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, DQJN against PQJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dqjn-vs-pqjl

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