Data as of Nov 4, 2026.

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Buffer ETFs

JULT vs JULW: Cap, Buffer & Days Left

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As of Nov 4, 2026 JULT can fall 3.3% before its buffer engages and JULW 3.1%.

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Net assets on Nov 3, 2026: $57m for AllianzIM U.S. Equity Buffer10 ETF - Jul and $254m for AllianzIM U.S. Equity Buffer20 ETF - Jul.

At a glance
3.3%
JULT can fall this far before its buffer
3.1%
JULW can fall this far before its buffer
13.6%
JULT can still gain
8.8%
JULW can still gain
JULT Between buffer and cap
Between buffer and capJULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+2.7%+14.6% more to the cap−10.0% floor0% period start+17.3% capTODAY · SPY +2.7%Between buffer and capJULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+17.3% cap+2.7% gain captured+14.6% more to the capTODAY · SPY +2.7%

JULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.

JULT: reference +2.7% since period start, fund +2.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap. Data to Nov 4, 2026.
JULW Between buffer and cap
Between buffer and capJULW: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+2.7%+9.5% more to the cap−20.0% floor0% period start+12.2% capTODAY · SPY +2.7%Between buffer and capJULW: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.2% cap+2.7% gain captured+9.5% more to the capTODAY · SPY +2.7%

JULW: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Data to Nov 4, 2026.

JULW: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.74% a year; their one-year returns differ by 3.0 points; JULW is 4.5 times larger.

Points (pts) are percentage points.

JULT vs JULW: Cap, Buffer & Days Left
MeasureJULTJULW
Return
Total return, 1 year+11.3%+8.3%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.74%
Net assets, as of Nov 3, 2026$57m$254m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · JULW scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7JULT93.7JULW

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: JULT vs JULW: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJULTJULWJULTJULW
3 months+0.5%+0.8%+0.9 pts+1.1 pts
6 months+4.5%+3.4%0.0 pts−1.1 pts
1 year+11.3%+8.3%−2.3 pts−5.2 pts
3 years+56.7%+40.4%−19.7 pts−36.0 pts
Since launchJULT Jul 2020 · JULW Jul 2020+102.8%+71.7%−44.1 pts−75.3 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

JULT AllianzIM U.S. Equity Buffer10 ETF - Jul · Absorbs the first 10% of loss on SPY and caps the gain at 17.3%, over a period ending Jun 30, 2027 JULW AllianzIM U.S. Equity Buffer20 ETF - Jul · Absorbs the first 20% of loss on SPY and caps the gain at 12.2%, over a period ending Jun 30, 2027
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 238 238
Starting cap +17.3% +12.2%
Can still gain 13.6% 8.8%
Fall before buffer 3.3% 3.1%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +2.7% +2.7%
Fund return this period +2.6% +2.4%
State today Open Open
Expense ratio 0.74% 0.74%
Net assets, as of Nov 3, 2026 $57m $254m

As of Nov 4, 2026. Source: ETFIQ.

Both are AllianzIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

JULT resets first, on Jun 30, 2027, 238 days from now; JULW runs to Jun 30, 2027, 238 days. JULT can still gain 13.6% before its cap, JULW 8.8%. A fall from here reaches JULT’s buffer after 3.3% and JULW’s after 3.1%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
JULT

From its price on Nov 4, 2026, the fund can gain about 13.6% more before it reaches its cap. The fund's price can fall 3.3% 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: 10.0% of the 10.0% 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.

JULW

From its price on Nov 4, 2026, the fund can gain about 8.8% 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. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, JULT or JULW?
From their prices on Nov 4, 2026, JULT can gain about 13.6% before its cap and JULW about 8.8%, so JULT has more room left this period.
Which resets first, JULT or JULW?
JULT ends its outcome period on Jun 30, 2027 and JULW on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, JULT or JULW?
JULT and JULW both charge 0.74% a year, so neither 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, JULT against JULW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/jult-vs-julw

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