Data as of Nov 4, 2026.

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Buffer ETFs

FJUN vs JULU: Cap, Buffer & Days Left

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As of Nov 4, 2026 FJUN can fall 3.4% before its buffer engages and JULU 1.9%, and FJUN resets 13 days sooner.

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Net assets on Nov 3, 2026: $1.4bn for FT Vest U.S. Equity Buffer ETF - June and $79m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul.

At a glance
3.4%
FJUN can fall this far before its buffer
1.9%
JULU can fall this far before its buffer
12.6%
FJUN can still gain
uncapped
JULU can still gain
FJUN Between buffer and cap
Between buffer and capFJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+2.7%+13.8% more to the cap−10.0% floor0% period start+16.4% capTODAY · SPY +2.7%Between buffer and capFJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.10 pts+13.8% to cap−10.0% floor0% start+16.4% cap+2.7% gain capturedTODAY · SPY +2.7%

FJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.

FJUN: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.
JULU No cap
No capJULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer−15.0% floor0% period startno cap+2.7% gained, no capTODAY · SPY +2.7%No capJULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+2.7% gained, no capTODAY · SPY +2.7%

JULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

JULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Pair scorecard

JULU costs 0.11 points a year less; their one-year returns differ by 0.3 points; FJUN is 17.7 times larger.

Points (pts) are percentage points.

FJUN vs JULU: Cap, Buffer & Days Left
MeasureFJUNJULU
Return
Total return, 1 year+9.6%+9.9%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.74%
Net assets, as of Nov 3, 2026$1.4bn$79m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · JULU scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7FJUN83.2JULU

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: FJUN vs JULU: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowFJUNJULUFJUNJULU
3 months+0.5%+0.1%+0.8 pts+0.5 pts
6 months+3.7%+2.9%−0.8 pts−1.6 pts
1 year+9.6%+9.9%−4.0 pts−3.7 pts
3 years+49.5%–−26.9 pts–
Since launchNot the same days: FJUN Jun 2020 · JULU Jul 2024+101.6%+29.3%−45.3 pts−11.3 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

FJUN FT Vest U.S. Equity Buffer ETF - June · Absorbs the first 10% of loss on SPY and caps the gain at 16.4%, over a period ending Jun 17, 2027 JULU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Jun 30, 2027
Reference index SPY SPY
Buffer 10% 15%
Outcome period Jun 22, 2026 to Jun 17, 2027 Jul 1, 2026 to Jun 30, 2027
Days left 225 238
Starting cap +16.4% uncapped
Can still gain 12.6% uncapped
Fall before buffer 3.4% 1.9%
Protection left, index points 10.0% of 10.0% 15.0% of 15.0%
Index return this period +2.7% +2.7%
Fund return this period +2.7% +1.2%
State today Open Uncapped
Expense ratio 0.85% 0.74%
Net assets, as of Nov 3, 2026 $1.4bn $79m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

FJUN resets first, on Jun 17, 2027, 225 days from now; JULU runs to Jun 30, 2027, 238 days. A fall from here reaches FJUN’s buffer after 3.4% and JULU’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
FJUN

From its price on Nov 4, 2026, the fund can gain about 12.6% more before it reaches its cap. The fund's price can fall 3.4% 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: 10.0% of the 10.0% 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.

JULU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, FJUN or JULU?
FJUN ends its outcome period on Jun 17, 2027 and JULU on Jun 30, 2027. New terms are set the day after each.
Which is cheaper, FJUN or JULU?
FJUN charges 0.85% a year and JULU charges 0.74%, so JULU is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FJUN against JULU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fjun-vs-julu

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