Data as of Nov 4, 2026.
JULU vs PJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 PJUL can fall 2.7% before its buffer engages and JULU 1.9%.
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Net assets: $79m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jul, and $1.3bn on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Jul.
JULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
JULU: reference +2.7% since period start, fund +1.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.PJUL: reference +2.6% since period start, fund +2.5%; buffer 0 to −15; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
JULU costs 0.05 points a year less; their one-year returns differ by 0.6 points; PJUL is 16.5 times larger.
Points (pts) are percentage points.
| Measure | JULU | PJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.9% | +9.3% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $79m | $1.3bn |
| 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 | JULU | PJUL | JULU | PJUL |
| 3 months | +0.1% | +0.6% | +0.5 pts | +1.0 pts |
| 6 months | +2.9% | +3.9% | −1.6 pts | −0.6 pts |
| 1 year | +9.9% | +9.3% | −3.7 pts | −4.2 pts |
| 3 years | – | +46.5% | – | −29.9 pts |
| Since launchNot the same days: JULU Jul 2024 · PJUL Aug 2018 | +29.3% | +100.8% | −11.3 pts | −67.8 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.
Where each one stands today
JULU resets first, on Jun 30, 2027, 238 days from now; PJUL runs to Jun 30, 2027, 238 days. A fall from here reaches JULU’s buffer after 1.9% and PJUL’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.
JULU
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 1.9% 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: 15.0% of the 15.0% buffer still sits below today's SPY level. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and new terms are set.
PJUL
From its price on Nov 4, 2026, the fund can gain about 10.9% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's number. On Jun 30, 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
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, JULU against PJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/julu-vs-pjul
ETFIQ. (Nov 4, 2026). JULU against PJUL. Retrieved from https://etfiq.com/compare/buffer/julu-vs-pjul
[JULU against PJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/julu-vs-pjul)
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