Which resets first, JNEU or JUNP?

JNEU ends its outcome period on May 31, 2027 and JUNP on May 31, 2027. New terms are set the day after each.

Which is cheaper, JNEU or JUNP?

JNEU charges 0.74% a year and JUNP charges 0.50%, so JUNP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

JNEU vs JUNP: Cap, Buffer & Days Left

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As of Nov 4, 2026 JUNP can fall 2.5% before its buffer engages and JNEU 0.9%.

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Net assets: $42m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun, and $103m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - June.

JNEU on its own →JUNP on its own →

At a glance

0.9%

JNEU can fall this far before its buffer

2.5%

JUNP can fall this far before its buffer

uncapped

JNEU can still gain

13.0%

JUNP can still gain

JNEU No cap

JNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

JUNP Between buffer and cap

JUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JUNP costs 0.24 points a year less; their one-year returns differ by 2.9 points; JUNP is 2.5 times larger.

Points (pts) are percentage points.

JNEU vs JUNP: Cap, Buffer & Days Left
Measure	JNEU	JUNP
Return
Measure	JNEU	JUNP
Total return, 1 year	+10.9%	+8.0%
Drawdown
Measure	JNEU	JUNP
Index fall to the buffer	1.3%	1.4%
Benchmark
Measure	JNEU	JUNP
What it tracks	SPY	SPY
Cost and size
Measure	JNEU	JUNP
Expense ratio	0.74%	0.50%
Net assets, as of Nov 3, 2026	$42m	$103m
Holdings
Measure	JNEU	JUNP
Holdings in common	not published

ETFIQ Downside Cover Score · JNEU scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score83.2JNEU57.5JUNP

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

JNEU 83.2

JUNP 57.5

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: JNEU vs JUNP: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	JNEU	JUNP	JNEU	JUNP
3 months	−0.9%	+0.3%	−0.5 pts	+0.7 pts
6 months	+3.2%	+2.4%	−1.3 pts	−2.1 pts
1 year	+10.9%	+8.0%	−2.7 pts	−5.5 pts
Since launchJNEU Jun 2024 · JUNP Jun 2024	+34.1%	+29.6%	−11.2 pts	−15.7 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

JNEU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending May 31, 2027 JUNP PGIM S&P 500 Buffer 12 ETF - June · Absorbs the first 12% of loss on SPY and caps the gain at 15.9%, over a period ending May 31, 2027

Issuer AllianzIM PGIM

Reference index SPY SPY

Buffer 15% 12%

Outcome period Jun 1, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027

Days left 208 208

Starting cap uncapped +15.9%

Can still gain uncapped 13.0%

Fall before buffer 0.9% 2.5%

Protection left, index points 15.0% of 15.0% 12.0% of 12.0%

Index return this period +1.4% +1.4%

Fund return this period +0.2% +2.1%

State today Uncapped Open

Expense ratio 0.74% 0.50%

Net assets, JNEU as of Nov 3, 2026 and JUNP as of Nov 4, 2026 $42m $103m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

JNEU resets first, on May 31, 2027, 208 days from now; JUNP runs to May 31, 2027, 208 days. A fall from here reaches JNEU’s buffer after 0.9% and JUNP’s after 2.5%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

JNEU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and new terms are set.

JUNP

From its price on Nov 4, 2026, the fund can gain about 13.0% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. On May 31, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, JNEU or JUNP?: JNEU ends its outcome period on May 31, 2027 and JUNP on May 31, 2027. New terms are set the day after each.
Which is cheaper, JNEU or JUNP?: JNEU charges 0.74% a year and JUNP charges 0.50%, so JUNP is cheaper. Fees come from each fund's prospectus.

Other comparisons

JNEU vs JUNT JNEU vs DDFZ JNEU vs ZJUN JNEU vs PBJN JUNP vs PBJN JUNP vs JUNT JUNP vs BJUN JUNP vs PJUN

Where to next

SPDR® S&P 500® ETF Trust →JNEU on its own →JUNP on its own →Method →Standards and sources →

Sources and dates

JNEU filings on SEC EDGAR ↗

AllianzIM page for JNEU ↗

JUNP filings on SEC EDGAR ↗

PGIM website ↗

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, JNEU against JUNP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/jneu-vs-junp

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