Data as of .
JULT vs TJUL: which one stands where?
As of Sep 21, 2026 TJUL can fall 7.5% before its buffer engages and JULT 3.5%, and TJUL resets 1 days sooner.
These are two different products. TJUL is a floor fund, which caps how far a holder can fall. JULT 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
TJUL resets first, on Jun 30, 2027, 282 days from now; JULT runs to Jun 30, 2027, 283 days. JULT can still gain 13.3% before its cap, TJUL 5.3%. A fall from here reaches JULT’s buffer after 3.5% and TJUL’s after 7.5%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| JULT | TJUL | JULT | TJUL | |
| 3 months | +2.1% | +1.3% | −0.1 pts | −1.0 pts |
| 6 months | +11.1% | +4.4% | −6.9 pts | −13.6 pts |
| 1 year | +11.4% | +4.4% | −5.1 pts | −12.2 pts |
| 3 years | +54.0% | +23.9% | −24.4 pts | −54.5 pts |
| 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 | TJUL Innovator Equity Defined Protection ETF - Jul 2027 Absorbs the whole loss on SPY and caps the gain at 13.6%, over a period ending Jun 30, 2027 | |
|---|---|---|
| Issuer | AllianzIM | Innovator |
| Reference index | SPY | SPY |
| Buffer | 10% | 100% |
| Outcome period | Jul 1, 2026 to Jun 30, 2027 | Jun 30, 2025 to Jun 30, 2027 |
| Days left | 283 | 282 |
| Starting cap | +17.3% | +13.6% |
| Can still gain | 13.3% | 5.3% |
| Fall before buffer | 3.5% | 7.5% |
| Protection left, index points | 10.0% of 10.0% | 100.0% of 100.0% |
| Index return this period | +3.6% | +25.3% |
| Fund return this period | +2.8% | +6.9% |
| State today | Open | At cap |
| Expense ratio | 0.74% | 0.79% |
| Net assets | $58m | $116m |
JULT in plain words
From its price on Sep 21, 2026, the fund can gain about 13.3% more before it reaches its cap. The fund's price can fall 3.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.5% 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. 283 days remained on Sep 21, 2026. On Jun 30, 2027 the period ends and a new cap is set.
TJUL in plain words
SPY had already risen past this fund's cap of +13.6% for the period on Sep 21, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 5.3% as the period runs out. The fund's price can fall 7.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 20.2% 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. 282 days remained on Sep 21, 2026.
Questions people ask
- Which has more room to gain, JULT or TJUL?
- From their prices on Sep 21, 2026, JULT can gain about 13.3% before its cap and TJUL about 5.3%, so JULT has more room left this period.
- Which resets first, JULT or TJUL?
- JULT ends its outcome period on Jun 30, 2027 and TJUL on Jun 30, 2027. A new cap is set the day after each.
- Which is cheaper, JULT or TJUL?
- JULT charges 0.74% a year and TJUL charges 0.79%, so JULT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JULT against TJUL, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/jult-vs-tjul Free to use with attribution; the underlying files are at Open data.