Which has more room to gain, GJUN or XJUN?

From their prices on Nov 4, 2026, GJUN can gain about 9.8% before its cap and XJUN about 7.1%, so GJUN has more room left this period.

Which resets first, GJUN or XJUN?

GJUN ends its outcome period on Jun 17, 2027 and XJUN on Jun 17, 2027. A new cap is set the day after each.

Which is cheaper, GJUN or XJUN?

GJUN and XJUN both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

GJUN vs XJUN: Cap, Buffer & Days Left

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As of Nov 4, 2026 XJUN can fall 3.6% before its buffer engages and GJUN 3.3%.

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Net assets on Nov 3, 2026: $497m for FT Vest U.S. Equity Moderate Buffer ETF - June and $137m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June.

GJUN on its own →XJUN on its own →

At a glance

3.3%

GJUN can fall this far before its buffer

3.6%

XJUN can fall this far before its buffer

9.8%

GJUN can still gain

7.1%

XJUN 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.

XJUN Between buffer and cap

XJUN: reference +2.7% since period start, fund +2.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.85% a year; their one-year returns differ by 0.5 points; GJUN is 3.6 times larger.

Points (pts) are percentage points.

GJUN vs XJUN: Cap, Buffer & Days Left
Measure	GJUN	XJUN
Return
Measure	GJUN	XJUN
Total return, 1 year	+8.3%	+7.8%
Drawdown
Measure	GJUN	XJUN
Index fall to the buffer	2.6%
Benchmark
Measure	GJUN	XJUN
What it tracks	SPY	SPY
Cost and size
Measure	GJUN	XJUN
Expense ratio	0.85%	0.85%
Net assets, as of Nov 3, 2026	$497m	$137m
Holdings
Measure	GJUN	XJUN
Holdings in common	not published

Method

Risk and return

Jun 30, 2023 to Oct 30, 2026 · 174 weekly returns · each against SPY

GJUN XJUN

Return

Total return edge GJUN (slight) +38.9% +35.4%

Annualized edge GJUN (slight) +10.3% +9.5%

Price return edge GJUN (slight) +38.9% +35.4%

Risk

Volatility edge XJUN 7.4% 6.1%

Max drawdown edge XJUN −9.8% −7.9%

Downside capture 52.9% 37.5%

Beta 0.50 0.40

Risk-adjusted

Sharpe edge Tie 0.76 0.77

Sortino edge Tie 1.15 1.15

Treynor 0.111 0.117

Calmar edge XJUN 1.06 1.20

Against the benchmark

Alpha −1.2% a year −0.7% a year

Alpha t-stat −1.01 −0.57

Information ratio −1.09 −1.02

Tracking error 7.4% 8.8%

Reading

From Jun 2023 to Oct 2026, GJUN returned slightly more: +38.9% to +35.4%. XJUN swung less: 6.1% to 7.4%. XJUN fell less at its worst: −7.9% to −9.8%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GJUN vs XJUN: Cap, Buffer & Days Left
Measure	GJUN	XJUN	SPY	Edge	How it is measured
Return
Total return	+38.9%	+35.4%		GJUN (slight)	Price change plus distributions, reinvested.
Annualized	+10.3%	+9.5%		GJUN (slight)	Total return as a yearly rate.
Price return	+38.9%	+35.4%		GJUN (slight)	Price change alone, distributions left out.
Risk
Volatility	7.4%	6.1%		XJUN	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	4.8%	4.1%		XJUN	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−9.8%	−7.9%		XJUN	Deepest fall from a high to the low after it.
Upside capture	38.8%	28.9%	100.0%	GJUN	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	52.9%	37.5%	100.0%	XJUN	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.50	0.40	1.00	XJUN lower	How far it moves for each 1% its benchmark moves.
R squared	0.91	0.85	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.76	0.77		Tie	Return above Treasury bills per unit of volatility.
Sortino	1.15	1.15		Tie	Return above Treasury bills per unit of downside deviation.
Treynor	0.111	0.117	0.136	XJUN (slight)	Return above Treasury bills per unit of beta.
Calmar	1.06	1.20		XJUN	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	SPY	SPY		The ETF each fund is measured against.
Alpha	−1.2% a year	−0.7% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−1.01	−0.57		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−3.6% to +1.2%	−3.3% to +1.8%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−1.09	−1.02		XJUN (slight)	Return against its benchmark per unit of tracking error.
Tracking error	7.4%	8.8%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 174 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: GJUN vs XJUN: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	GJUN	XJUN	GJUN	XJUN
3 months	+0.7%	+1.2%	+1.1 pts	+1.6 pts
6 months	+3.3%	+3.5%	−1.2 pts	−1.0 pts
1 year	+8.3%	+7.8%	−5.3 pts	−5.8 pts
3 years	+40.7%	+35.7%	−35.7 pts	−40.7 pts
Since launchNot the same days: GJUN Jun 2023 · XJUN Jul 2021	+41.3%	+54.0%	−34.1 pts	−22.1 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 XJUN FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June · Absorbs the first 15% of loss on SPY and caps the gain at 11.0%, over a period ending Jun 17, 2027

Issuer First Trust First Trust

Reference index SPY SPY

Buffer 15% 15%

Outcome period Jun 22, 2026 to Jun 17, 2027 Jun 22, 2026 to Jun 17, 2027

Days left 225 225

Starting cap +13.3% +11.0%

Can still gain 9.8% 7.1%

Fall before buffer 3.3% 3.6%

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% +2.9%

State today Open Open

Expense ratio 0.85% 0.85%

Net assets, as of Nov 3, 2026 $497m $137m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. XJUN 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.

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

Where each one stands today

GJUN resets first, on Jun 17, 2027, 225 days from now; XJUN runs to Jun 17, 2027, 225 days. GJUN can still gain 9.8% before its cap, XJUN 7.1%. A fall from here reaches GJUN’s buffer after 3.3% and XJUN’s after 3.6%. 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.

XJUN

From its price on Nov 4, 2026, the fund can gain about 7.1% more before it reaches its cap. The fund's price can fall 3.6% from here before the buffer starts absorbing losses, by the issuer's number.

Questions people ask

Which has more room to gain, GJUN or XJUN?: From their prices on Nov 4, 2026, GJUN can gain about 9.8% before its cap and XJUN about 7.1%, so GJUN has more room left this period.
Which resets first, GJUN or XJUN?: GJUN ends its outcome period on Jun 17, 2027 and XJUN on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, GJUN or XJUN?: GJUN and XJUN both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

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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 →XJUN on its own →Method →Standards and sources →

Sources and dates

GJUN and XJUN filings on SEC EDGAR ↗

First Trust page for GJUN ↗

First Trust page for XJUN ↗

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

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