Data as of Nov 4, 2026.
FJUN vs JULW: Cap, Buffer & Days Left
As of Nov 4, 2026 FJUN can fall 3.4% before its buffer engages and JULW 3.1%, 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 $254m for AllianzIM U.S. Equity Buffer20 ETF - Jul.
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.JULW: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Data to Nov 4, 2026.
JULW: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JULW costs 0.11 points a year less; their one-year returns differ by 1.3 points; FJUN is 5.5 times larger.
Points (pts) are percentage points.
| Measure | FJUN | JULW |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.6% | +8.3% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.74% |
| Net assets, as of Nov 3, 2026 | $1.4bn | $254m |
| 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 10, 2020 to Oct 30, 2026 · 329 weekly returns · each against SPYFrom Jul 2020 to Oct 2026, FJUN returned more: +96.0% to +68.9%. JULW swung less: 6.1% to 9.4%. JULW fell less at its worst: −8.3% to −11.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FJUN | JULW | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +96.0% | +68.9% | FJUN | Price change plus distributions, reinvested. | |
| Annualized | +11.2% | +8.6% | FJUN | Total return as a yearly rate. | |
| Price return | +96.0% | +63.9% | FJUN | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 9.4% | 6.1% | JULW | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 6.0% | 3.9% | JULW | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.8% | −8.3% | JULW | Deepest fall from a high to the low after it. | |
| Upside capture | 46.8% | 27.4% | 100.0% | FJUN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 62.9% | 39.4% | 100.0% | JULW | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.57 | 0.35 | 1.00 | JULW lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.80 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.85 | 0.87 | JULW (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.32 | 1.36 | JULW (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.140 | 0.154 | 0.132 | JULW (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.95 | 1.04 | JULW (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.4% a year | +0.8% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.42 | 0.70 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.7% to +2.5% | −1.4% to +2.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.72 | −0.74 | FJUN (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.3% | 10.7% | 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, 329 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | FJUN | JULW | FJUN | JULW |
| 3 months | +0.5% | +0.8% | +0.8 pts | +1.1 pts |
| 6 months | +3.7% | +3.4% | −0.8 pts | −1.1 pts |
| 1 year | +9.6% | +8.3% | −4.0 pts | −5.2 pts |
| 3 years | +49.5% | +40.4% | −26.9 pts | −36.0 pts |
| Since launchNot the same days: FJUN Jun 2020 · JULW Jul 2020 | +101.6% | +71.7% | −45.3 pts | −75.3 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
FJUN resets first, on Jun 17, 2027, 225 days from now; JULW runs to Jun 30, 2027, 238 days. FJUN can still gain 12.6% before its cap, JULW 8.8%. A fall from here reaches FJUN’s buffer after 3.4% and JULW’s after 3.1%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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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.
JULW
From its price on Nov 4, 2026, the fund can gain about 8.8% more before it reaches its cap. The fund's price can fall 3.1% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 20.0% of the 20.0% 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, FJUN against JULW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fjun-vs-julw
ETFIQ. (Nov 4, 2026). FJUN against JULW. Retrieved from https://etfiq.com/compare/buffer/fjun-vs-julw
[FJUN against JULW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/fjun-vs-julw)
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