Data as of Nov 4, 2026.
JUNP vs JUNW: Cap, Buffer & Days Left
As of Nov 4, 2026 JUNW can fall 2.7% before its buffer engages and JUNP 2.5%.
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Net assets: $103m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - June, and $377m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer20 ETF - Jun.
JUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.
JUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.JUNW: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.0%; Between buffer and cap. Data to Nov 4, 2026.
JUNW: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.0%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JUNP costs 0.24 points a year less; their one-year returns differ by 1.4 points; JUNW is 3.7 times larger.
Points (pts) are percentage points.
| Measure | JUNP | JUNW |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.0% | +6.6% |
| Drawdown | ||
| Index fall to the buffer | 1.4% | 1.3% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.50% | 0.74% |
| Net assets, as of Nov 3, 2026 | $103m | $377m |
| 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 →
Risk and return
Jun 14, 2024 to Oct 30, 2026 · 124 weekly returns · each against SPYFrom Jun 2024 to Oct 2026, JUNP returned more: +26.3% to +22.3%. JUNW swung less: 6.6% to 9.8%. JUNW fell less at its worst: −7.8% to −10.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JUNP | JUNW | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +26.3% | +22.3% | JUNP | Price change plus distributions, reinvested. | |
| Annualized | +10.3% | +8.8% | JUNP | Total return as a yearly rate. | |
| Price return | +26.3% | +22.3% | JUNP | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 9.8% | 6.6% | JUNW | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 6.6% | 4.3% | JUNW | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −10.1% | −7.8% | JUNW | Deepest fall from a high to the low after it. | |
| Upside capture | 47.4% | 30.7% | 100.0% | JUNP | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 63.5% | 41.7% | 100.0% | JUNW | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.59 | 0.41 | 1.00 | JUNW lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.80 | 0.86 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.62 | 0.68 | JUNW (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.92 | 1.02 | JUNW (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.102 | 0.108 | 0.120 | JUNW (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.02 | 1.13 | JUNW (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −1.1% a year | −0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.37 | −0.32 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −6.8% to +4.6% | −3.7% to +2.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.80 | −0.84 | JUNP (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.5% | 9.0% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 124 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JUNP | JUNW | JUNP | JUNW |
| 3 months | +0.3% | +0.5% | +0.7 pts | +0.8 pts |
| 6 months | +2.4% | +2.2% | −2.1 pts | −2.3 pts |
| 1 year | +8.0% | +6.6% | −5.5 pts | −7.0 pts |
| 3 years | – | +35.4% | – | −41.0 pts |
| Since launchNot the same days: JUNP Jun 2024 · JUNW Jun 2023 | +29.6% | +39.2% | −15.7 pts | −42.6 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
JUNP resets first, on May 31, 2027, 208 days from now; JUNW runs to May 31, 2027, 208 days. JUNP can still gain 13.0% before its cap, JUNW 9.1%. A fall from here reaches JUNP’s buffer after 2.5% and JUNW’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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JUNP
From its price on Nov 4, 2026, the fund can gain about 13.0% more before it reaches its cap. The fund's price can fall 2.5% 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: 12.0% of the 12.0% buffer still sits below today's SPY level. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.
JUNW
From its price on Nov 4, 2026, the fund can gain about 9.1% 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. In index terms, SPY can fall 1.3% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.
Questions people ask
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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, JUNP against JUNW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/junp-vs-junw
ETFIQ. (Nov 4, 2026). JUNP against JUNW. Retrieved from https://etfiq.com/compare/buffer/junp-vs-junw
[JUNP against JUNW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/junp-vs-junw)
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