Which has more room to gain, FLJJ or QBSF?

From their prices on Oct 1, 2026, FLJJ can gain about 4.9% before its cap and QBSF about 2.7%, so FLJJ has more room left this period.

Which resets first, FLJJ or QBSF?

FLJJ ends its outcome period on Dec 31, 2026 and QBSF on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, FLJJ or QBSF?

FLJJ charges 0.74% a year and QBSF charges 0.64%, so QBSF is cheaper. Fees come from each fund's prospectus.

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FLJJ vs QBSF: which one stands where?

As of Oct 1, 2026 FLJJ can fall 6.9% before its buffer engages and QBSF 0.2%. AllianzIM U.S. Equity Floor5 ETF - Jan and AllianzIM U.S. Equity Buffer15 ETF - Jan.

6.9%

FLJJ can fall this far before its buffer

0.2%

QBSF can fall this far before its buffer

4.9%

FLJJ can still gain

2.7%

QBSF can still gain

FLJJFull floor

FLJJ: reference +2.1% since period start, fund +1.6%; buffer −5 to floor; cap +7.0%; Full floor.

QBSFBetween buffer and cap

QBSF: reference 0.0% since period start, fund 0.0%; buffer 0 to −15; cap +2.9%; Between buffer and cap.

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

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

Where each one stands today

FLJJ resets first, on Dec 31, 2026, 92 days from now; QBSF runs to Dec 31, 2026, 92 days. FLJJ can still gain 4.9% before its cap, QBSF 2.7%. A fall from here reaches FLJJ’s buffer after 6.9% and QBSF’s after 0.2%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	FLJJ	QBSF	FLJJ	QBSF
3 months	+1.8%	+1.9%	−0.8 pts	−0.6 pts
6 months	+9.1%	+4.8%	−7.9 pts	−12.2 pts
1 year	+10.1%	+7.2%	−5.7 pts	−8.5 pts

FLJJ and QBSF over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FLJJ

AllianzIM U.S. Equity Floor5 ETF - Jan · Absorbs losses from 5.0% to 100.0% on SPY and caps the gain at 7.0%, over a period ending Dec 31, 2026

QBSF

AllianzIM U.S. Equity Buffer15 ETF - Jan · Absorbs the first 15% of loss on SPY and caps the gain at 2.9%, over a period ending Dec 31, 2026

Issuer AllianzIM AllianzIM

Reference index SPY SPY

Buffer 5% to 100% 15%

Outcome period Jul 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026

Days left 92 92

Starting cap +7.0% +2.9%

Can still gain 4.9% 2.7%

Fall before buffer 6.9% 0.2%

Protection left, index points 95.0% of 95.0% 15.0% of 15.0%

Index return this period +2.1% 0.0%

Fund return this period +1.6% 0.0%

State today Open Open

Expense ratio 0.74% 0.64%

Net assets $9m $62m

FLJJ and QBSF on the same fields, as of Oct 1, 2026. Source: ETFIQ.

FLJJ in plain words

From its price on Oct 1, 2026, the fund can gain about 4.9% more before it reaches its cap. The fund's price can fall 6.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.0% 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. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

QBSF in plain words

From its price on Oct 1, 2026, the fund can gain about 2.7% more before it reaches its cap. The fund's price can fall 0.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, FLJJ or QBSF?: From their prices on Oct 1, 2026, FLJJ can gain about 4.9% before its cap and QBSF about 2.7%, so FLJJ has more room left this period.
Which resets first, FLJJ or QBSF?: FLJJ ends its outcome period on Dec 31, 2026 and QBSF on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, FLJJ or QBSF?: FLJJ charges 0.74% a year and QBSF charges 0.64%, so QBSF is cheaper. Fees come from each fund's prospectus.

Other comparisons

FLJJ vs JANT FLJJ vs JANU FLJJ vs JANW FLJJ vs PBJA QBSF vs QBSV QBSF vs SEPM QBSF vs SIXO QBSF vs TOCT

SPDR® S&P 500® ETF Trust →FLJJ on its own →QBSF on its own →How every figure is computed →Standards and sources →

Where these figures came from

FLJJ and QBSF filings on SEC EDGAR ↗AllianzIM page for FLJJ ↗AllianzIM page for QBSF ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FLJJ against QBSF, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/fljj-vs-qbsf

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.