Data as of Nov 4, 2026.
JANT vs PJAN: Cap, Buffer & Days Left
As of Nov 4, 2026 JANT can fall 10.4% before its buffer engages and PJAN 8.9%.
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Net assets: $55m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan, and $1.4bn on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Jan.
JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.
JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.PJAN: reference +12.4% since period start, fund +9.0%; buffer 0 to −15; cap +12.3%; At its cap. Data to Nov 4, 2026.
PJAN: reference +12.4% since period start, fund +9.0%; buffer 0 to −15; cap +12.3%; At its cap. Data to Nov 4, 2026.Pair scorecard
JANT costs 0.05 points a year less; their one-year returns differ by 2.4 points; PJAN is far larger, $1.4bn against $55m.
Points (pts) are percentage points.
| Measure | JANT | PJAN |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +11.2% |
| Drawdown | ||
| Index fall to the buffer | 11.1% | 11.0% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $55m | $1.4bn |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JANT | PJAN | JANT | PJAN |
| 3 months | +1.4% | +1.7% | +1.8 pts | +2.1 pts |
| 6 months | +5.2% | +4.8% | +0.7 pts | +0.3 pts |
| 1 year | +13.6% | +11.2% | 0.0 pts | −2.4 pts |
| 3 years | +59.7% | +44.9% | −16.7 pts | −31.5 pts |
| Since launchNot the same days: JANT Jan 2021 · PJAN Jan 2019 | +83.6% | +102.5% | −24.3 pts | −104.0 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
As of Nov 4, 2026. Source: ETFIQ.
PJAN is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
JANT resets first, on Dec 31, 2026, 57 days from now; PJAN runs to Dec 31, 2026, 57 days. JANT can still gain 3.8% before its cap, PJAN 2.4%. A fall from here reaches JANT’s buffer after 10.4% and PJAN’s after 8.9%. Both track SPY, so what separates them is where each is in its own period.
JANT
From its price on Nov 4, 2026, the fund can gain about 3.8% more before it reaches its cap. The fund's price can fall 10.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.
PJAN
SPY had already risen past this fund's cap of +12.3% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.4% as the period runs out. The fund's price can fall 8.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.0% 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
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, JANT against PJAN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/jant-vs-pjan
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[JANT against PJAN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/jant-vs-pjan)
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