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Data as of Nov 4, 2026.

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Buffer ETFs

JUNP vs PBJN: Cap, Buffer & Days Left

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As of Nov 4, 2026 JUNP can fall 2.5% before its buffer engages and PBJN 2.5%.

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Net assets on Nov 4, 2026: $103m for PGIM S&P 500 Buffer 12 ETF - June and $59m for PGIM S&P 500 Buffer 20 ETF - June .

JUNP on its own →PBJN on its own →
At a glance
2.5%
JUNP can fall this far before its buffer
2.5%
PBJN can fall this far before its buffer
13.0%
JUNP can still gain
9.3%
PBJN can still gain
JUNP Between buffer and cap
Between buffer and capJUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.12 pts of buffer+14.5% more to the cap−12.0% floor0% period start+15.9% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capJUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.12 pts−12.0% floor0% start+15.9% cap+1.4% gain captured+14.5% more to the capTODAY · SPY +1.4%

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.
PBJN Between buffer and cap
Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+10.7% more to the cap−20.0% floor0% period start+12.1% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.1% cap+1.4% gain captured+10.7% more to the capTODAY · SPY +1.4%

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.50% a year; their one-year returns differ by 1.0 point; JUNP is 1.7 times larger.

Points (pts) are percentage points.

JUNP vs PBJN: Cap, Buffer & Days Left
MeasureJUNPPBJN
Return
Total return, 1 year+8.0%+7.0%
Drawdown
Index fall to the buffer1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.50%
Net assets$103m$59m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBJN scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score57.5JUNP95.7PBJN

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: JUNP vs PBJN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJUNPPBJNJUNPPBJN
3 months+0.3%+0.6%+0.7 pts+1.0 pts
6 months+2.4%+2.4%−2.1 pts−2.1 pts
1 year+8.0%+7.0%−5.5 pts−6.6 pts
Since launchJUNP Jun 2024 · PBJN Jun 2024+29.6%+25.9%−15.7 pts−19.3 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

JUNP PGIM S&P 500 Buffer 12 ETF - June · Absorbs the first 12% of loss on SPY and caps the gain at 15.9%, over a period ending May 31, 2027 PBJN PGIM S&P 500 Buffer 20 ETF - June · Absorbs the first 20% of loss on SPY and caps the gain at 12.1%, over a period ending May 31, 2027
Issuer PGIM PGIM
Reference index SPY SPY
Buffer 12% 20%
Outcome period Jun 1, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 208 208
Starting cap +15.9% +12.1%
Can still gain 13.0% 9.3%
Fall before buffer 2.5% 2.5%
Protection left, index points 12.0% of 12.0% 20.0% of 20.0%
Index return this period +1.4% +1.4%
Fund return this period +2.1% +2.0%
State today Open Open
Expense ratio 0.50% 0.50%
Net assets $103m $59m

As of Nov 4, 2026. Source: ETFIQ.

Both are PGIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

JUNP resets first, on May 31, 2027, 208 days from now; PBJN runs to May 31, 2027, 208 days. JUNP can still gain 13.0% before its cap, PBJN 9.3%. A fall from here reaches JUNP’s buffer after 2.5% and PBJN’s after 2.5%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
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.

PBJN

From its price on Nov 4, 2026, the fund can gain about 9.3% more before it reaches its cap. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, JUNP or PBJN?
From their prices on Nov 4, 2026, JUNP can gain about 13.0% before its cap and PBJN about 9.3%, so JUNP has more room left this period.
Which resets first, JUNP or PBJN?
JUNP ends its outcome period on May 31, 2027 and PBJN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, JUNP or PBJN?
JUNP and PBJN both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
JUNP vs MAYMJUNP vs CTJNJUNP vs CJUNJUNP vs CPSMPBJN vs DDFZPBJN vs CPSMPBJN vs BJUNPBJN vs PJUN
Where to next
SPDR S&P 500 ETF Trust →JUNP on its own →PBJN on its own →Method →Standards and sources →
Sources and dates
JUNP and PBJN filings on SEC EDGAR ↗
PGIM website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, JUNP against PBJN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/junp-vs-pbjn

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.