Data as of Nov 4, 2026.

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Buffer ETFs

FJUN vs JUNM: Cap, Buffer & Days Left

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As of Nov 4, 2026 FJUN can fall 3.4% before its buffer engages and JUNM 2.3%.

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Net assets on Nov 3, 2026: $1.4bn for FT Vest U.S. Equity Buffer ETF - June and $66m for FT Vest U.S. Equity Max Buffer ETF - June.

At a glance
3.4%
FJUN can fall this far before its buffer
2.3%
JUNM can fall this far before its buffer
12.6%
FJUN can still gain
4.9%
JUNM 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+13.8% more to the cap−10.0% floor0% period start+16.4% cap+2.7% gain capturedTODAY · 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.−10.0% floor0% start+16.4% cap10 pts of buffer+2.7% gain captured+13.8% more to the capTODAY · 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.
JUNM Full floor
Full floorJUNM: reference +2.7% since period start, fund +1.5%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+7.3% cap+2.7% gain captured+4.7% more to the capTODAY · SPY +2.7%Full floorJUNM: reference +2.7% since period start, fund +1.5%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.3% cap+2.7% gain captured+4.7% more to the capTODAY · SPY +2.7%

JUNM: reference +2.7% since period start, fund +1.5%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.85% a year; their one-year returns differ by 4.8 points; FJUN is far larger, $1.4bn against $66m.

Points (pts) are percentage points.

FJUN vs JUNM: Cap, Buffer & Days Left
MeasureFJUNJUNM
Return
Total return, 1 year+9.6%+4.8%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.85%
Net assets, as of Nov 3, 2026$1.4bn$66m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: FJUN vs JUNM: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowFJUNJUNMFJUNJUNM
3 months+0.5%+0.7%+0.8 pts+1.0 pts
6 months+3.7%+2.0%−0.8 pts−2.5 pts
1 year+9.6%+4.8%−4.0 pts−8.7 pts
3 years+49.5%–−26.9 pts–
Since launchNot the same days: FJUN Jun 2020 · JUNM Jun 2024+101.6%+16.6%−45.3 pts−24.7 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 JUNM FT Vest U.S. Equity Max Buffer ETF - June · Absorbs the whole loss on SPY and caps the gain at 7.3%, over a period ending Jun 17, 2027
Reference index SPY SPY
Buffer 10% 100%
Outcome period Jun 22, 2026 to Jun 17, 2027 Jun 22, 2026 to Jun 17, 2027
Days left 225 225
Starting cap +16.4% +7.3%
Can still gain 12.6% 4.9%
Fall before buffer 3.4% 2.3%
Protection left, index points 10.0% of 10.0% 100.0% of 100.0%
Index return this period +2.7% +2.7%
Fund return this period +2.7% +1.5%
State today Open Open
Expense ratio 0.85% 0.85%
Net assets, as of Nov 3, 2026 $1.4bn $66m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. JUNM is a floor fund, which caps how far a holder can fall. FJUN is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Both are First Trust funds, so the difference between them is the terms rather than the house.

Where each one stands today

FJUN resets first, on Jun 17, 2027, 225 days from now; JUNM runs to Jun 17, 2027, 225 days. FJUN can still gain 12.6% before its cap, JUNM 4.9%. A fall from here reaches FJUN’s buffer after 3.4% and JUNM’s after 2.3%. 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.

JUNM

From its price on Nov 4, 2026, the fund can gain about 4.9% more before it reaches its cap. The fund's price can fall 2.3% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, FJUN or JUNM?
From their prices on Nov 4, 2026, FJUN can gain about 12.6% before its cap and JUNM about 4.9%, so FJUN has more room left this period.
Which resets first, FJUN or JUNM?
FJUN ends its outcome period on Jun 17, 2027 and JUNM on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, FJUN or JUNM?
FJUN and JUNM both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.
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Sources and dates

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

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