Data as of Nov 4, 2026.

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Buffer ETFs

JUNC vs PMJN: Cap, Buffer & Days Left

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PMJN can fall 1.9% before its buffer engages as of Nov 4, 2026, and JUNC 0.0% as of Nov 3, 2026.

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Net assets on Nov 4, 2026: $1.0m for Corgi U.S. Equities 10% Structured Buffer ETF and $10m for PGIM S&P 500 Max Buffer ETF - June.

At a glance
JUNC Buffer working
Buffer workingJUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.9.4 pts+18.1% more to the cap−10.0% floor0% period start+18.1% capTODAY · SPY −0.6%Buffer workingJUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.−10.0% floor0% start+18.1% cap9.4 of 10 pts of buffer left+18.1% more to the capTODAY · SPY −0.6%

JUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.

JUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.
PMJN Full floor
Full floorPMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+7.4% cap+1.4% gain captured+6.1% more to the capTODAY · SPY +1.4%Full floorPMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.4% cap+1.4% gain captured+6.1% more to the capTODAY · SPY +1.4%

PMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JUNC costs 0.20 points a year less; PMJN is 10.0 times larger.

Points (pts) are percentage points.

JUNC vs PMJN: Cap, Buffer & Days Left
MeasureJUNCPMJN
Return
Total return, 1 yearnot published+4.8%
Drawdown
Index fall to the buffer1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.30%0.50%
Net assets$1.0m$10m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: JUNC vs PMJN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJUNCPMJNJUNCPMJN
3 months−0.2%+0.7%+0.1 pts+1.1 pts
6 months–+1.7%–−2.8 pts
1 year–+4.8%–−8.7 pts
Since launchNot the same days: JUNC Jun 2026 · PMJN Jun 2025+1.2%+8.2%+0.2 pts−21.2 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

JUNC Corgi U.S. Equities 10% Structured Buffer ETF · Absorbs the first 10% of loss on SPY and caps the gain at 18.1%, over a period ending May 31, 2027 PMJN PGIM S&P 500 Max Buffer ETF - June · Absorbs the whole loss on SPY and caps the gain at 7.4%, over a period ending May 31, 2027
Issuer Corgi PGIM
Reference index SPY SPY
Buffer 10% 100%
Outcome period Jun 1, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 209 208
Starting cap +18.1% +7.4%
Can still gain not published 5.4%
Fall before buffer 0.0% 1.9%
Protection left, index points 9.4% of 10.0% 100.0% of 100.0%
Index return this period −0.6% +1.4%
Fund return this period +0.8% +1.4%
State today Buffer working Open
Expense ratio 0.30% 0.50%
Net assets $1.0m $10m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMJN is a floor fund, which caps how far a holder can fall. JUNC 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

PMJN resets first, on May 31, 2027, 208 days from now; JUNC runs to May 31, 2027, 209 days. A fall from here reaches JUNC’s buffer after 0.0% and PMJN’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
JUNC

Protection left, in index points: 9.4% of the 10.0% buffer still sits below today's SPY level. 209 days remained on Nov 3, 2026. On May 31, 2027 the period ends and a new cap is set.

PMJN

From its price on Nov 4, 2026, the fund can gain about 5.4% more before it reaches its cap. 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 1.4% 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. 208 days remained on Nov 4, 2026.

Questions people ask

Which resets first, JUNC or PMJN?
JUNC ends its outcome period on May 31, 2027 and PMJN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, JUNC or PMJN?
JUNC charges 0.30% a year and PMJN charges 0.50%, so JUNC is cheaper. Fees come from each fund's prospectus.
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Sources and dates

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, JUNC against PMJN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/junc-vs-pmjn

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