Data as of Nov 4, 2026.
JNEU vs PMJN: Cap, Buffer & Days Left
As of Nov 4, 2026 PMJN can fall 1.9% 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 $10m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - June.
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.PMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PMJN costs 0.24 points a year less; their one-year returns differ by 6.1 points; JNEU is 4.2 times larger.
Points (pts) are percentage points.
| Measure | JNEU | PMJN |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.9% | +4.8% |
| Drawdown | ||
| Index fall to the buffer | 1.3% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.50% |
| Net assets, as of Nov 3, 2026 | $42m | $10m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JNEU | PMJN | JNEU | PMJN |
| 3 months | −0.9% | +0.7% | −0.5 pts | +1.1 pts |
| 6 months | +3.2% | +1.7% | −1.3 pts | −2.8 pts |
| 1 year | +10.9% | +4.8% | −2.7 pts | −8.7 pts |
| Since launchNot the same days: JNEU Jun 2024 · PMJN Jun 2025 | +34.1% | +8.2% | −11.2 pts | −21.2 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.
These are two different products. PMJN is a floor fund, which caps how far a holder can fall. JNEU 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
JNEU resets first, on May 31, 2027, 208 days from now; PMJN runs to May 31, 2027, 208 days. A fall from here reaches JNEU’s buffer after 0.9% and PMJN’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.
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.
PMJN
From its price on Nov 4, 2026, the fund can gain about 5.4% more before it reaches its cap. The fund's price can fall 1.9% 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: 100.0% of the 100.0% buffer still sits below today's SPY level. On May 31, 2027 the period ends and a new cap is set.
Questions people ask
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.
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ETFIQ, JNEU against PMJN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/jneu-vs-pmjn
ETFIQ. (Nov 4, 2026). JNEU against PMJN. Retrieved from https://etfiq.com/compare/buffer/jneu-vs-pmjn
[JNEU against PMJN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/jneu-vs-pmjn)
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