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Data as of Nov 4, 2026.

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Buffer ETFs

FJUN vs PBJL: Cap, Buffer & Days Left

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As of Nov 4, 2026 FJUN can fall 3.4% before its buffer engages and PBJL 2.9%, and FJUN resets 13 days sooner.

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Net assets: $1.4bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - June, and $74m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - July .

FJUN on its own →PBJL on its own →
At a glance
3.4%
FJUN can fall this far before its buffer
2.9%
PBJL can fall this far before its buffer
12.6%
FJUN can still gain
9.2%
PBJL 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−10.0% floor0% start+16.4% cap+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.
PBJL Between buffer and cap
Between buffer and capPBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+2.7%+9.6% more to the cap−20.0% floor0% period start+12.3% capTODAY · SPY +2.7%Between buffer and capPBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.3% cap+2.7% gain captured+9.6% more to the capTODAY · SPY +2.7%

PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.

PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PBJL costs 0.35 points a year less; their one-year returns differ by 1.1 points; FJUN is 18.9 times larger.

Points (pts) are percentage points.

FJUN vs PBJL: Cap, Buffer & Days Left
MeasureFJUNPBJL
Return
Total return, 1 year+9.6%+8.5%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.50%
Net assets, as of Nov 3, 2026$1.4bn$74m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBJL scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7FJUN94PBJL

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 PBJL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowFJUNPBJLFJUNPBJL
3 months+0.5%+0.8%+0.8 pts+1.2 pts
6 months+3.7%+3.5%−0.8 pts−0.9 pts
1 year+9.6%+8.5%−4.0 pts−5.0 pts
3 years+49.5%–−26.9 pts–
Since launchNot the same days: FJUN Jun 2020 · PBJL May 2024+101.6%+28.0%−45.3 pts−20.2 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 PBJL PGIM S&P 500 Buffer 20 ETF - July · Absorbs the first 20% of loss on SPY and caps the gain at 12.3%, over a period ending Jun 30, 2027
Issuer First Trust PGIM
Reference index SPY SPY
Buffer 10% 20%
Outcome period Jun 22, 2026 to Jun 17, 2027 Jul 1, 2026 to Jun 30, 2027
Days left 225 238
Starting cap +16.4% +12.3%
Can still gain 12.6% 9.2%
Fall before buffer 3.4% 2.9%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +2.7% +2.7%
Fund return this period +2.7% +2.4%
State today Open Open
Expense ratio 0.85% 0.50%
Net assets, FJUN as of Nov 3, 2026 and PBJL as of Nov 4, 2026 $1.4bn $74m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

FJUN resets first, on Jun 17, 2027, 225 days from now; PBJL runs to Jun 30, 2027, 238 days. FJUN can still gain 12.6% before its cap, PBJL 9.2%. A fall from here reaches FJUN’s buffer after 3.4% and PBJL’s after 2.9%. 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.

PBJL

From its price on Nov 4, 2026, the fund can gain about 9.2% more before it reaches its cap. The fund's price can fall 2.9% 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

Which has more room to gain, FJUN or PBJL?
From their prices on Nov 4, 2026, FJUN can gain about 12.6% before its cap and PBJL about 9.2%, so FJUN has more room left this period.
Which resets first, FJUN or PBJL?
FJUN ends its outcome period on Jun 17, 2027 and PBJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, FJUN or PBJL?
FJUN charges 0.85% a year and PBJL charges 0.50%, so PBJL is cheaper. Fees come from each fund's prospectus.
Other comparisons
FJUN vs JULUFJUN vs JUNMFJUN vs AJULFJUN vs CPSJPBJL vs PMJLPBJL vs PJULPBJL vs GJUNPBJL vs ZJUL
Where to next
State Street® SPDR® S&P 500® ETF Trust →FJUN on its own →PBJL on its own →Method →Standards and sources →
Sources and dates
FJUN filings on SEC EDGAR ↗
First Trust page for FJUN ↗
PBJL filings on SEC EDGAR ↗
PGIM website ↗

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 PBJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fjun-vs-pbjl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.