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Data as of Nov 4, 2026.

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Buffer ETFs

GJUN vs JULT: Cap, Buffer & Days Left

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As of Nov 4, 2026 JULT can fall 3.3% before its buffer engages and GJUN 3.3%, and GJUN resets 13 days sooner.

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Net assets on Nov 3, 2026: $497m for FT Vest U.S. Equity Moderate Buffer ETF - June and $57m for AllianzIM U.S. Equity Buffer10 ETF - Jul.

GJUN on its own →JULT on its own →
At a glance
3.3%
GJUN can fall this far before its buffer
3.3%
JULT can fall this far before its buffer
9.8%
GJUN can still gain
13.6%
JULT can still gain
GJUN Between buffer and cap
Between buffer and capGJUN: reference +2.7% since period start, fund +2.5%; buffer 0 to −15; cap +13.3%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+2.7%+10.7% more to the cap−15.0% floor0% period start+13.3% capTODAY · SPY +2.7%Between buffer and capGJUN: reference +2.7% since period start, fund +2.5%; buffer 0 to −15; cap +13.3%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+13.3% cap+2.7% gain captured+10.7% more to the capTODAY · SPY +2.7%

GJUN: reference +2.7% since period start, fund +2.5%; buffer 0 to −15; cap +13.3%; Between buffer and cap. Data to Nov 4, 2026.

GJUN: reference +2.7% since period start, fund +2.5%; buffer 0 to −15; cap +13.3%; Between buffer and cap. Data to Nov 4, 2026.
JULT Between buffer and cap
Between buffer and capJULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+2.7%+14.6% more to the cap−10.0% floor0% period start+17.3% capTODAY · SPY +2.7%Between buffer and capJULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts+14.6% to cap−10.0% floor0% start+17.3% cap+2.7% gain capturedTODAY · SPY +2.7%

JULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.

JULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JULT costs 0.11 points a year less; their one-year returns differ by 3.0 points; GJUN is 8.7 times larger.

Points (pts) are percentage points.

GJUN vs JULT: Cap, Buffer & Days Left
MeasureGJUNJULT
Return
Total return, 1 year+8.3%+11.3%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.74%
Net assets, as of Nov 3, 2026$497m$57m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · GJUN scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score83.2GJUN38.7JULT

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: GJUN vs JULT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowGJUNJULTGJUNJULT
3 months+0.7%+0.5%+1.1 pts+0.9 pts
6 months+3.3%+4.5%−1.2 pts0.0 pts
1 year+8.3%+11.3%−5.3 pts−2.3 pts
3 years+40.7%+56.7%−35.7 pts−19.7 pts
Since launchNot the same days: GJUN Jun 2023 · JULT Jul 2020+41.3%+102.8%−34.1 pts−44.1 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

GJUN FT Vest U.S. Equity Moderate Buffer ETF - June · Absorbs the first 15% of loss on SPY and caps the gain at 13.3%, over a period ending Jun 17, 2027 JULT AllianzIM U.S. Equity Buffer10 ETF - Jul · Absorbs the first 10% of loss on SPY and caps the gain at 17.3%, over a period ending Jun 30, 2027
Issuer First Trust AllianzIM
Reference index SPY SPY
Buffer 15% 10%
Outcome period Jun 22, 2026 to Jun 17, 2027 Jul 1, 2026 to Jun 30, 2027
Days left 225 238
Starting cap +13.3% +17.3%
Can still gain 9.8% 13.6%
Fall before buffer 3.3% 3.3%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +2.7% +2.7%
Fund return this period +2.5% +2.6%
State today Open Open
Expense ratio 0.85% 0.74%
Net assets, as of Nov 3, 2026 $497m $57m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

GJUN resets first, on Jun 17, 2027, 225 days from now; JULT runs to Jun 30, 2027, 238 days. GJUN can still gain 9.8% before its cap, JULT 13.6%. A fall from here reaches GJUN’s buffer after 3.3% and JULT’s after 3.3%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
GJUN

From its price on Nov 4, 2026, the fund can gain about 9.8% more before it reaches its cap. The fund's price can fall 3.3% 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: 15.0% of the 15.0% 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.

JULT

From its price on Nov 4, 2026, the fund can gain about 13.6% more before it reaches its cap. Protection left, in index points: 10.0% of the 10.0% 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, GJUN or JULT?
From their prices on Nov 4, 2026, GJUN can gain about 9.8% before its cap and JULT about 13.6%, so JULT has more room left this period.
Which resets first, GJUN or JULT?
GJUN ends its outcome period on Jun 17, 2027 and JULT on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, GJUN or JULT?
GJUN charges 0.85% a year and JULT charges 0.74%, so JULT is cheaper. Fees come from each fund's prospectus.
Other comparisons
GJUN vs JULPGJUN vs XJUNGJUN vs ZJULGJUN vs JULWJULT vs JULUJULT vs PBJLJULT vs JUNMJULT vs PMJL
Where to next
State Street® SPDR® S&P 500® ETF Trust →GJUN on its own →JULT on its own →Method →Standards and sources →
Sources and dates
GJUN filings on SEC EDGAR ↗
First Trust page for GJUN ↗
JULT filings on SEC EDGAR ↗
AllianzIM page for JULT ↗

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.

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ETFIQ, GJUN against JULT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/gjun-vs-jult

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