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Data as of Nov 4, 2026.

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Buffer ETFs

GJUN vs XBJL: Cap, Buffer & Days Left

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As of Nov 4, 2026 XBJL can fall 3.5% before its buffer engages and GJUN 3.3%, and GJUN resets 13 days sooner.

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Net assets: $497m on Nov 3, 2026 for FT Vest U.S. Equity Moderate Buffer ETF - June, and $77m on Nov 4, 2026 for Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul.

GJUN on its own →XBJL on its own →
At a glance
3.3%
GJUN can fall this far before its buffer
3.5%
XBJL can fall this far before its buffer
9.8%
GJUN can still gain
9.9%
XBJL 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.
XBJL Between buffer and cap
Between buffer and capXBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.9 pts of buffer+2.6%+11.2% more to the cap−9.0% floor0% period start+13.8% capTODAY · SPY +2.6%Between buffer and capXBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.9 pts−9.0% floor0% start+13.8% cap+2.6% gain captured+11.2% more to the capTODAY · SPY +2.6%

XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

XBJL costs 0.06 points a year less; their one-year returns differ by 1.6 points; GJUN is 6.5 times larger.

Points (pts) are percentage points.

GJUN vs XBJL: Cap, Buffer & Days Left
MeasureGJUNXBJL
Return
Total return, 1 year+8.3%+9.9%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.79%
Net assets, as of Nov 3, 2026$497m$77m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: GJUN vs XBJL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowGJUNXBJLGJUNXBJL
3 months+0.7%+1.4%+1.1 pts+1.8 pts
6 months+3.3%+4.3%−1.2 pts−0.2 pts
1 year+8.3%+9.9%−5.3 pts−3.6 pts
3 years+40.7%+42.8%−35.7 pts−33.6 pts
Since launchNot the same days: GJUN Jun 2023 · XBJL Jul 2021+41.3%+60.3%−34.1 pts−17.8 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 XBJL Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul · Absorbs the first 9% of loss on SPY and caps the gain at 13.8%, over a period ending Jun 30, 2027
Issuer First Trust Innovator
Reference index SPY SPY
Buffer 15% 9%
Outcome period Jun 22, 2026 to Jun 17, 2027 Jun 30, 2026 to Jun 30, 2027
Days left 225 238
Starting cap +13.3% +13.8%
Can still gain 9.8% 9.9%
Fall before buffer 3.3% 3.5%
Protection left, index points 15.0% of 15.0% 9.0% of 9.0%
Index return this period +2.7% +2.6%
Fund return this period +2.5% +3.3%
State today Open Open
Expense ratio 0.85% 0.79%
Net assets, GJUN as of Nov 3, 2026 and XBJL as of Nov 4, 2026 $497m $77m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

GJUN resets first, on Jun 17, 2027, 225 days from now; XBJL runs to Jun 30, 2027, 238 days. GJUN can still gain 9.8% before its cap, XBJL 9.9%. A fall from here reaches GJUN’s buffer after 3.3% and XBJL’s after 3.5%. 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.

XBJL

From its price on Nov 4, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 3.5% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 9.0% of the 9.0% 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 XBJL?
From their prices on Nov 4, 2026, GJUN can gain about 9.8% before its cap and XBJL about 9.9%, so XBJL has more room left this period.
Which resets first, GJUN or XBJL?
GJUN ends its outcome period on Jun 17, 2027 and XBJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, GJUN or XBJL?
GJUN charges 0.85% a year and XBJL charges 0.79%, so XBJL is cheaper. Fees come from each fund's prospectus.
Other comparisons
GJUN vs UJULGJUN vs JULUGJUN vs PBJLGJUN vs DDTLXBJL vs ZJULXBJL vs XJUNXBJL vs AJULXBJL vs JUNM
Where to next
State Street® SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →GJUN on its own →XBJL on its own →Method →Standards and sources →
Sources and dates
GJUN filings on SEC EDGAR ↗
First Trust page for GJUN ↗
XBJL filings on SEC EDGAR ↗
Innovator page for XBJL ↗

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.

Cite this pageCitation, APA and Markdown

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

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