Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Buffer ETFs

JNEU vs PBJN: Cap, Buffer & Days Left

Share
Share on XDownload as PDF

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

askIQ about this page

askIQ about JNEU and PBJN

Net assets: $42m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun, and $59m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - June .

At a glance
0.9%
JNEU can fall this far before its buffer
2.5%
PBJN can fall this far before its buffer
uncapped
JNEU can still gain
9.3%
PBJN can still gain
JNEU No cap
No capJNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer−15.0% floor0% period startno cap+1.4% gained, no capTODAY · SPY +1.4%No capJNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+1.4% gained, no capTODAY · SPY +1.4%

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

JNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
PBJN Between buffer and cap
Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+10.7% more to the cap−20.0% floor0% period start+12.1% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.1% cap+1.4% gain captured+10.7% more to the capTODAY · SPY +1.4%

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PBJN costs 0.24 points a year less; their one-year returns differ by 3.9 points; PBJN is 1.4 times larger.

Points (pts) are percentage points.

JNEU vs PBJN: Cap, Buffer & Days Left
MeasureJNEUPBJN
Return
Total return, 1 year+10.9%+7.0%
Drawdown
Index fall to the buffer1.3%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.50%
Net assets, as of Nov 3, 2026$42m$59m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBJN scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score83.2JNEU95.7PBJN

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

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 PBJN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJNEUPBJNJNEUPBJN
3 months−0.9%+0.6%−0.5 pts+1.0 pts
6 months+3.2%+2.4%−1.3 pts−2.1 pts
1 year+10.9%+7.0%−2.7 pts−6.6 pts
Since launchJNEU Jun 2024 · PBJN Jun 2024+34.1%+25.9%−11.2 pts−19.3 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 PBJN PGIM S&P 500 Buffer 20 ETF - June · Absorbs the first 20% of loss on SPY and caps the gain at 12.1%, over a period ending May 31, 2027
Reference index SPY SPY
Buffer 15% 20%
Outcome period Jun 1, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 208 208
Starting cap uncapped +12.1%
Can still gain uncapped 9.3%
Fall before buffer 0.9% 2.5%
Protection left, index points 15.0% of 15.0% 20.0% of 20.0%
Index return this period +1.4% +1.4%
Fund return this period +0.2% +2.0%
State today Uncapped Open
Expense ratio 0.74% 0.50%
Net assets, JNEU as of Nov 3, 2026 and PBJN as of Nov 4, 2026 $42m $59m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

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

Alert

PBJN flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

PBJN

From its price on Nov 4, 2026, the fund can gain about 9.3% 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: 20.0% of the 20.0% 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 PBJN?
JNEU ends its outcome period on May 31, 2027 and PBJN on May 31, 2027. New terms are set the day after each.
Which is cheaper, JNEU or PBJN?
JNEU charges 0.74% a year and PBJN charges 0.50%, so PBJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Sources and dates

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.

Cite this pageCitation, APA and Markdown

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

Open data →

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