Data as of Nov 4, 2026.
JULP vs XJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 XJUN can fall 3.6% before its buffer engages and JULP 3.1%, and XJUN resets 13 days sooner.
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Net assets: $43m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - July, and $137m on Nov 3, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June.
JULP: reference +2.7% since period start, fund +2.7%; buffer 0 to −12; cap +16.2%; Between buffer and cap. Data to Nov 4, 2026.
JULP: reference +2.7% since period start, fund +2.7%; buffer 0 to −12; cap +16.2%; Between buffer and cap. Data to Nov 4, 2026.XJUN: reference +2.7% since period start, fund +2.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.
XJUN: reference +2.7% since period start, fund +2.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JULP costs 0.35 points a year less; their one-year returns differ by 2.7 points; XJUN is 3.2 times larger.
Points (pts) are percentage points.
| Measure | JULP | XJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.5% | +7.8% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.50% | 0.85% |
| Net assets, as of Nov 3, 2026 | $43m | $137m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
May 17, 2024 to Oct 30, 2026 · 128 weekly returns · each against SPYFrom May 2024 to Oct 2026, JULP returned more: +31.8% to +23.9%. XJUN swung less: 6.3% to 8.9%. XJUN fell less at its worst: −7.9% to −11.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JULP | XJUN | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +31.8% | +23.9% | JULP | Price change plus distributions, reinvested. | |
| Annualized | +11.9% | +9.1% | JULP | Total return as a yearly rate. | |
| Price return | +31.8% | +23.9% | JULP | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 8.9% | 6.3% | XJUN | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.8% | 4.4% | XJUN | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.0% | −7.9% | XJUN | Deepest fall from a high to the low after it. | |
| Upside capture | 48.6% | 28.4% | 100.0% | JULP | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 61.3% | 36.6% | 100.0% | XJUN | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.59 | 0.40 | 1.00 | XJUN lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 0.85 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.83 | 0.74 | JULP | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.28 | 1.07 | JULP | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.125 | 0.117 | 0.125 | JULP (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.08 | 1.16 | XJUN (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.02 | −0.21 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.9% to +2.9% | −3.4% to +2.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.79 | −0.86 | JULP (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.4% | 9.1% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 128 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JULP | XJUN | JULP | XJUN |
| 3 months | +0.6% | +1.2% | +1.0 pts | +1.6 pts |
| 6 months | +4.2% | +3.5% | −0.3 pts | −1.0 pts |
| 1 year | +10.5% | +7.8% | −3.0 pts | −5.8 pts |
| 3 years | – | +35.7% | – | −40.7 pts |
| Since launchNot the same days: JULP May 2024 · XJUN Jul 2021 | +33.9% | +54.0% | −14.3 pts | −22.1 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. XJUN is a floor fund, which caps how far a holder can fall. JULP 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
XJUN resets first, on Jun 17, 2027, 225 days from now; JULP runs to Jun 30, 2027, 238 days. JULP can still gain 12.6% before its cap, XJUN 7.1%. A fall from here reaches JULP’s buffer after 3.1% and XJUN’s after 3.6%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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JULP
From its price on Nov 4, 2026, the fund can gain about 12.6% more before it reaches its cap. The fund's price can fall 3.1% 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: 12.0% of the 12.0% buffer still sits below today's SPY level. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.
XJUN
From its price on Nov 4, 2026, the fund can gain about 7.1% more before it reaches its cap. The fund's price can fall 3.6% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 225 days remained on Nov 4, 2026. On Jun 17, 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, JULP against XJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/julp-vs-xjun
ETFIQ. (Nov 4, 2026). JULP against XJUN. Retrieved from https://etfiq.com/compare/buffer/julp-vs-xjun
[JULP against XJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/julp-vs-xjun)
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