Which has more room to gain, JUNP or PMJN?

From their prices on Nov 4, 2026, JUNP can gain about 13.0% before its cap and PMJN about 5.4%, so JUNP has more room left this period.

Which resets first, JUNP or PMJN?

JUNP 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, JUNP or PMJN?

JUNP and PMJN both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

JUNP vs PMJN: Cap, Buffer & Days Left

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As of Nov 4, 2026 JUNP can fall 2.5% before its buffer engages and PMJN 1.9%.

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Net assets on Nov 4, 2026: $103m for PGIM S&P 500 Buffer 12 ETF - June and $10m for PGIM S&P 500 Max Buffer ETF - June.

JUNP on its own →PMJN on its own →

At a glance

2.5%

JUNP can fall this far before its buffer

1.9%

PMJN can fall this far before its buffer

13.0%

JUNP can still gain

5.4%

PMJN can still gain

JUNP Between buffer and cap

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.

PMJN Full floor

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

Both cost 0.50% a year; their one-year returns differ by 3.2 points; JUNP is 10.3 times larger.

Points (pts) are percentage points.

JUNP vs PMJN: Cap, Buffer & Days Left
Measure	JUNP	PMJN
Return
Measure	JUNP	PMJN
Total return, 1 year	+8.0%	+4.8%
Drawdown
Measure	JUNP	PMJN
Index fall to the buffer	1.4%
Benchmark
Measure	JUNP	PMJN
What it tracks	SPY	SPY
Cost and size
Measure	JUNP	PMJN
Expense ratio	0.50%	0.50%
Net assets	$103m	$10m
Holdings
Measure	JUNP	PMJN
Holdings in common	not published

Method

Window by window

Window by window: JUNP vs PMJN: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	JUNP	PMJN	JUNP	PMJN
3 months	+0.3%	+0.7%	+0.7 pts	+1.1 pts
6 months	+2.4%	+1.7%	−2.1 pts	−2.8 pts
1 year	+8.0%	+4.8%	−5.5 pts	−8.7 pts
Since launchNot the same days: JUNP Jun 2024 · PMJN Jun 2025	+29.6%	+8.2%	−15.7 pts	−21.2 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 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 PGIM PGIM

Reference index SPY SPY

Buffer 12% 100%

Outcome period Jun 1, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027

Days left 208 208

Starting cap +15.9% +7.4%

Can still gain 13.0% 5.4%

Fall before buffer 2.5% 1.9%

Protection left, index points 12.0% of 12.0% 100.0% of 100.0%

Index return this period +1.4% +1.4%

Fund return this period +2.1% +1.4%

State today Open Open

Expense ratio 0.50% 0.50%

Net assets $103m $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. JUNP is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

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; PMJN runs to May 31, 2027, 208 days. JUNP can still gain 13.0% before its cap, PMJN 5.4%. A fall from here reaches JUNP’s buffer after 2.5% and PMJN’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

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.

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. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, JUNP or PMJN?: From their prices on Nov 4, 2026, JUNP can gain about 13.0% before its cap and PMJN about 5.4%, so JUNP has more room left this period.
Which resets first, JUNP or PMJN?: JUNP 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, JUNP or PMJN?: JUNP and PMJN both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

JUNP vs DLMY JUNP vs XMAY JUNP vs CTJN JUNP vs CJUN PMJN vs DDFZ PMJN vs BJUN PMJN vs PJUN PMJN vs JUNT

Where to next

SPDR S&P 500 ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →JUNP on its own →PMJN on its own →Method →Standards and sources →

Sources and dates

JUNP and PMJN filings on SEC EDGAR ↗

PGIM website ↗

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.

Cite this pageCitation, APA and Markdown

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

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