Data as of Nov 4, 2026.

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Buffer ETFs

JULC vs PBJL: Cap, Buffer & Days Left

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PBJL can fall 2.9% before its buffer engages as of Nov 4, 2026, and JULC 1.1% as of Nov 3, 2026.

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Net assets on Nov 4, 2026: $1.2m for Corgi U.S. Equities 10% Structured Buffer ETF - July Series and $74m for PGIM S&P 500 Buffer 20 ETF - July .

At a glance
JULC Between buffer and cap
Between buffer and capJULC: reference +1.2% since period start, fund +1.9%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Data to Nov 3, 2026.10 pts of buffer+17% more to the cap−10.0% floor0% period start+18.2% cap+1.2% gain capturedTODAY · SPY +1.2%Between buffer and capJULC: reference +1.2% since period start, fund +1.9%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Data to Nov 3, 2026.10 pts+17% to cap−10.0% floor0% start+18.2% cap+1.2% gain capturedTODAY · SPY +1.2%

JULC: reference +1.2% since period start, fund +1.9%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Data to Nov 3, 2026.

JULC: reference +1.2% since period start, fund +1.9%; buffer 0 to −10; cap +18.2%; Between buffer and cap. Data to Nov 3, 2026.
PBJL Between buffer and cap
Between buffer and capPBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+9.6% more to the cap−20.0% floor0% period start+12.3% cap+2.7% gain capturedTODAY · SPY +2.7%Between buffer and capPBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.3% cap+2.7% gain captured+9.6% more to the capTODAY · SPY +2.7%

PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.

PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JULC costs 0.20 points a year less; PBJL is far larger, $74m against $1.2m.

Points (pts) are percentage points.

JULC vs PBJL: Cap, Buffer & Days Left
MeasureJULCPBJL
Return
Total return, 1 yearnot published+8.5%
Drawdown
Index fall to the buffer1.1%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.30%0.50%
Net assets$1.2m$74m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBJL scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7JULC94PBJL

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: JULC vs PBJL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJULCPBJLJULCPBJL
3 months+0.2%+0.8%+0.6 pts+1.2 pts
6 months–+3.5%–−0.9 pts
1 year–+8.5%–−5.0 pts
Since launchNot the same days: JULC Jul 2026 · PBJL May 2024+2.8%+28.0%−0.1 pts−20.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

JULC Corgi U.S. Equities 10% Structured Buffer ETF - July Series · Absorbs the first 10% of loss on SPY and caps the gain at 18.2%, over a period ending Jun 30, 2027 PBJL PGIM S&P 500 Buffer 20 ETF - July · Absorbs the first 20% of loss on SPY and caps the gain at 12.3%, over a period ending Jun 30, 2027
Issuer Corgi PGIM
Reference index SPY SPY
Buffer 10% 20%
Outcome period Jul 1, 2026 to Jun 30, 2027 Jul 1, 2026 to Jun 30, 2027
Days left 239 238
Starting cap +18.2% +12.3%
Can still gain not published 9.2%
Fall before buffer 1.1% 2.9%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +1.2% +2.7%
Fund return this period +1.9% +2.4%
State today Open Open
Expense ratio 0.30% 0.50%
Net assets $1.2m $74m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

PBJL resets first, on Jun 30, 2027, 238 days from now; JULC runs to Jun 30, 2027, 239 days. A fall from here reaches JULC’s buffer after 1.1% and PBJL’s after 2.9%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
JULC

The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.1% 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. 239 days remained on Nov 3, 2026. On Jun 30, 2027 the period ends and a new cap is set.

PBJL

From its price on Nov 4, 2026, the fund can gain about 9.2% more before it reaches its cap. The fund's price can fall 2.9% 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: 20.0% of the 20.0% buffer still sits below today's SPY level. 238 days remained on Nov 4, 2026.

Questions people ask

Which resets first, JULC or PBJL?
JULC ends its outcome period on Jun 30, 2027 and PBJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, JULC or PBJL?
JULC charges 0.30% a year and PBJL charges 0.50%, so JULC is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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.

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ETFIQ, JULC against PBJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/julc-vs-pbjl

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