Which resets first, GJUN or JULU?

GJUN ends its outcome period on Jun 17, 2027 and JULU on Jun 30, 2027. New terms are set the day after each.

Which is cheaper, GJUN or JULU?

GJUN charges 0.85% a year and JULU charges 0.74%, so JULU is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

GJUN vs JULU: Cap, Buffer & Days Left

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As of Nov 4, 2026 GJUN can fall 3.3% before its buffer engages and JULU 1.9%, 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 $79m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul.

GJUN on its own →JULU on its own →

At a glance

3.3%

GJUN can fall this far before its buffer

1.9%

JULU can fall this far before its buffer

9.8%

GJUN can still gain

uncapped

JULU can still gain

GJUN Between buffer and cap

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.

JULU No cap

JULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JULU costs 0.11 points a year less; their one-year returns differ by 1.6 points; GJUN is 6.3 times larger.

Points (pts) are percentage points.

GJUN vs JULU: Cap, Buffer & Days Left
Measure	GJUN	JULU
Return
Measure	GJUN	JULU
Total return, 1 year	+8.3%	+9.9%
Drawdown
Measure	GJUN	JULU
Index fall to the buffer	2.6%
Benchmark
Measure	GJUN	JULU
What it tracks	SPY	SPY
Cost and size
Measure	GJUN	JULU
Expense ratio	0.85%	0.74%
Net assets, as of Nov 3, 2026	$497m	$79m
Holdings
Measure	GJUN	JULU
Holdings in common	not published

ETFIQ Downside Cover Score · GJUN and JULU score the same If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score83.2GJUN83.2JULU

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

GJUN 83.2

JULU 83.2

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 JULU: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	GJUN	JULU	GJUN	JULU
3 months	+0.7%	+0.1%	+1.1 pts	+0.5 pts
6 months	+3.3%	+2.9%	−1.2 pts	−1.6 pts
1 year	+8.3%	+9.9%	−5.3 pts	−3.7 pts
3 years	+40.7%	–	−35.7 pts	–
Since launchNot the same days: GJUN Jun 2023 · JULU Jul 2024	+41.3%	+29.3%	−34.1 pts	−11.3 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

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 JULU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Jun 30, 2027

Issuer First Trust AllianzIM

Reference index SPY SPY

Buffer 15% 15%

Outcome period Jun 22, 2026 to Jun 17, 2027 Jul 1, 2026 to Jun 30, 2027

Days left 225 238

Starting cap +13.3% uncapped

Can still gain 9.8% uncapped

Fall before buffer 3.3% 1.9%

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

Index return this period +2.7% +2.7%

Fund return this period +2.5% +1.2%

State today Open Uncapped

Expense ratio 0.85% 0.74%

Net assets, as of Nov 3, 2026 $497m $79m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

GJUN resets first, on Jun 17, 2027, 225 days from now; JULU runs to Jun 30, 2027, 238 days. A fall from here reaches GJUN’s buffer after 3.3% and JULU’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

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.

JULU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's number. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, GJUN or JULU?: GJUN ends its outcome period on Jun 17, 2027 and JULU on Jun 30, 2027. New terms are set the day after each.
Which is cheaper, GJUN or JULU?: GJUN charges 0.85% a year and JULU charges 0.74%, so JULU is cheaper. Fees come from each fund's prospectus.

Other comparisons

GJUN vs JULC GJUN vs HJLY GJUN vs XBJL GJUN vs PBJL JULU vs JUNM JULU vs PMJL JULU vs JULW JULU vs ZJUL

Where to next

State Street® SPDR® S&P 500® ETF Trust →GJUN on its own →JULU on its own →Method →Standards and sources →

Sources and dates

GJUN filings on SEC EDGAR ↗

First Trust page for GJUN ↗

JULU filings on SEC EDGAR ↗

AllianzIM page for JULU ↗

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 JULU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/gjun-vs-julu

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