Data as of Nov 4, 2026.
JULT vs UJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 UJUL can fall 7.3% before its buffer engages and JULT 3.3%.
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Net assets: $57m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jul, and $307m on Nov 4, 2026 for Innovator U.S. Equity Ultra Buffer ETF - Jul.
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.UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.
UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JULT costs 0.05 points a year less; their one-year returns differ by 2.7 points; UJUL is 5.3 times larger.
Points (pts) are percentage points.
| Measure | JULT | UJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.3% | +8.6% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | 7.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $57m | $304m |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JULT | UJUL | JULT | UJUL |
| 3 months | +0.5% | +0.4% | +0.9 pts | +0.8 pts |
| 6 months | +4.5% | +3.5% | 0.0 pts | −1.0 pts |
| 1 year | +11.3% | +8.6% | −2.3 pts | −4.9 pts |
| 3 years | +56.7% | +45.6% | −19.7 pts | −30.8 pts |
| Since launchNot the same days: JULT Jul 2020 · UJUL Aug 2018 | +102.8% | +75.8% | −44.1 pts | −92.9 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.
Where each one stands today
JULT resets first, on Jun 30, 2027, 238 days from now; UJUL runs to Jun 30, 2027, 238 days. JULT can still gain 13.6% before its cap, UJUL 11.4%. A fall from here reaches JULT’s buffer after 3.3% and UJUL’s after 7.3%. Both track SPY, so what separates them is where each is in its own period.
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.
UJUL
From its price on Nov 4, 2026, the fund can gain about 11.4% more before it reaches its cap. The fund's price can fall 7.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.
Questions people ask
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 UJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/jult-vs-ujul
ETFIQ. (Nov 4, 2026). JULT against UJUL. Retrieved from https://etfiq.com/compare/buffer/jult-vs-ujul
[JULT against UJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/jult-vs-ujul)
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