Data as of Nov 4, 2026.
FLJJ vs JAJL: Cap, Buffer & Days Left
As of Nov 4, 2026 FLJJ can fall 7.4% before its buffer engages and JAJL 1.9%.
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Net assets: $8.5m on Nov 3, 2026 for AllianzIM U.S. Equity 6 Month Floor5 Jan/Jul ETF - Jan, and $305m on Nov 4, 2026 for Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul.
FLJJ: reference +2.7% since period start, fund +2.1%; buffer −5 to floor; cap +7.0%; Full floor. Data to Nov 4, 2026.
FLJJ: reference +2.7% since period start, fund +2.1%; buffer −5 to floor; cap +7.0%; Full floor. Data to Nov 4, 2026.JAJL: reference +2.6% since period start, fund +1.7%; buffer Floor; cap +4.1%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
FLJJ costs 0.05 points a year less; their one-year returns differ by 4.2 points; JAJL is far larger, $304m against $8.5m.
Points (pts) are percentage points.
| Measure | FLJJ | JAJL |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.9% | +5.7% |
| Drawdown | ||
| Index fall to the buffer | 7.5% | 2.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $8.5m | $304m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | FLJJ | JAJL | FLJJ | JAJL |
| 3 months | +0.5% | +0.8% | +0.9 pts | +1.2 pts |
| 6 months | +4.0% | +2.6% | −0.5 pts | −1.9 pts |
| 1 year | +9.9% | +5.7% | −3.6 pts | −7.9 pts |
| Since launchNot the same days: FLJJ Feb 2024 · JAJL Jul 2024 | +37.2% | +16.5% | −19.6 pts | −24.1 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
FLJJ resets first, on Dec 31, 2026, 57 days from now; JAJL runs to Dec 31, 2026, 57 days. FLJJ can still gain 4.4% before its cap, JAJL 2.1%. A fall from here reaches FLJJ’s buffer after 7.4% and JAJL’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.
FLJJ
From its price on Nov 4, 2026, the fund can gain about 4.4% more before it reaches its cap. The fund's price can fall 7.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.5% from today's level to the point where the buffer begins. Protection left, in index points: 95.0% of the 95.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.
JAJL
From its price on Nov 4, 2026, the fund can gain about 2.1% more before it reaches its cap. The fund's price can fall 1.9% 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: 100.0% of the 100.0% buffer still sits below today's SPY level.
Questions people ask
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, FLJJ against JAJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fljj-vs-jajl
ETFIQ. (Nov 4, 2026). FLJJ against JAJL. Retrieved from https://etfiq.com/compare/buffer/fljj-vs-jajl
[FLJJ against JAJL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/fljj-vs-jajl)
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