{"url":"https://etfiq.com/compare/buffer/ebuf-vs-tsep","section":"compare","title":"EBUF vs TSEP: which one stands where? | ETFIQ","description":"As of Oct 1, 2026 EBUF can gain 5.9% before its cap and TSEP 27.3%. Each can fall 0.0% and 0.6% before its buffer engages, on EEM.","as_of":"Oct 1, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, EBUF or TSEP?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 1, 2026, EBUF can gain about 5.9% before its cap and TSEP about 27.3%, so TSEP has more room left this period."}},{"@type":"Question","name":"Which resets first, EBUF or TSEP?","acceptedAnswer":{"@type":"Answer","text":"EBUF ends its outcome period on Dec 31, 2026 and TSEP on Sep 17, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, EBUF or TSEP?","acceptedAnswer":{"@type":"Answer","text":"EBUF charges 0.89% a year and TSEP charges 0.95%, so EBUF is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"EBUF vs TSEP","item":"https://etfiq.com/compare/buffer/ebuf-vs-tsep"}]},{"@type":"WebPage","name":"EBUF vs TSEP: which one stands where?","description":"As of Oct 1, 2026 EBUF can gain 5.9% before its cap and TSEP 27.3%. Each can fall 0.0% and 0.6% before its buffer engages, on EEM.","url":"https://etfiq.com/compare/buffer/ebuf-vs-tsep","dateModified":"2026-10-01","abstract":"As of Oct 1, 2026 TSEP can fall 0.6% before its buffer engages and EBUF 0.0%, and EBUF resets 260 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of EBUF and TSEP","description":"As of Oct 1, 2026 EBUF can gain 5.9% before its cap and TSEP 27.3%. Each can fall 0.0% and 0.6% before its buffer engages, on EEM.","dateModified":"2026-10-01","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/ebuf-vs-tsep","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":5813,"truncated":true,"content":"ETFIQ / Buffer ETFs / Head to head / EBUF vs TSEP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 1, 2026 .\n\n EBUF vs TSEP: which one stands where?\n\n As of Oct 1, 2026 TSEP can fall 0.6% before its buffer engages and EBUF 0.0%, and EBUF resets 260 days sooner.\n Copy this for sharing \n \n Innovator Emerging Markets 10 Buffer ETF - Quarterly and FT Vest Emerging Markets Buffer ETF - September.\n\n Download as PDF \n\n 0.0% EBUF can fall this far before its buffer \n 0.6% TSEP can fall this far before its buffer \n 5.9% EBUF can still gain \n 27.3% TSEP can still gain \n\n ETFIQ Downside Cover S","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Oct 1, 2026. https://etfiq.com/compare/buffer/ebuf-vs-tsep","a":{"ticker":"EBUF","name":"Innovator Emerging Markets 10 Buffer ETF - Quarterly","issuer":"Innovator","desk":"buffer","as_of":"2026-10-01","verdict":"As of Oct 1, 2026, EBUF is between its buffer and cap, with EEM flat since the period began.","url":"https://etfiq.com/funds/ebuf","key_facts":[{"label":"Can still gain","value":"5.9%","as_of":"2026-10-01","source":null},{"label":"Fall before the buffer","value":"0.0%","as_of":"2026-10-01","source":null},{"label":"Protection left, index points","value":"10.0%","as_of":"2026-10-01","source":null},{"label":"Days to reset","value":"92","as_of":"2026-10-01","source":null},{"label":"Net assets","value":"$40m","as_of":"2026-10-01","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.89%","as_of":"2026-10-01","source":"issuer page, Oct 1, 2026"}]},"b":{"ticker":"TSEP","name":"FT Vest Emerging Markets Buffer ETF - September","issuer":"First Trust","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, TSEP's buffer is absorbing losses, with 9.6% of 10.0% points still beneath EEM.","url":"https://etfiq.com/funds/tsep","key_facts":[{"label":"Can still gain","value":"27.3%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"0.6%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"9.6%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"352","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$17m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"issuer page, Sep 30, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/ebuf-vs-tsep"}