Data as of .
JUNP vs ZJUN: which one stands where?
As of Sep 21, 2026 JUNP can fall 2.9% before its buffer engages and ZJUN 1.5%.
These are two different products. ZJUN 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.
Where each one stands today
JUNP resets first, on May 31, 2027, 252 days from now; ZJUN runs to May 31, 2027, 252 days. JUNP can still gain 12.7% before its cap, ZJUN 6.4%. A fall from here reaches JUNP’s buffer after 2.9% and ZJUN’s after 1.5%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| JUNP | ZJUN | JUNP | ZJUN | |
| 3 months | +1.8% | +1.0% | −0.4 pts | −1.2 pts |
| 6 months | +6.7% | +3.0% | −11.3 pts | −15.0 pts |
| 1 year | +8.1% | +4.5% | −8.5 pts | −12.1 pts |
| 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 | ZJUN Innovator Equity Defined Protection ETF - 1 Yr June Absorbs the whole loss on SPY and caps the gain at 8.1%, over a period ending May 31, 2027 | |
|---|---|---|
| Issuer | PGIM | Innovator |
| Reference index | SPY | SPY |
| Buffer | 12% | 100% |
| Outcome period | Jun 1, 2026 to May 31, 2027 | May 31, 2026 to May 31, 2027 |
| Days left | 252 | 252 |
| Starting cap | +15.9% | +8.1% |
| Can still gain | 12.7% | 6.4% |
| Fall before buffer | 2.9% | 1.5% |
| Protection left, index points | 12.0% of 12.0% | 100.0% of 100.0% |
| Index return this period | +2.3% | +2.3% |
| Fund return this period | +2.4% | +1.3% |
| State today | Open | Open |
| Expense ratio | 0.50% | 0.79% |
| Net assets | $95m | $153m |
JUNP in plain words
From its price on Sep 21, 2026, the fund can gain about 12.7% more before it reaches its cap. The fund's price can fall 2.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.2% 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. 252 days remained on Sep 21, 2026. On May 31, 2027 the period ends and a new cap is set.
ZJUN in plain words
From its price on Sep 21, 2026, the fund can gain about 6.4% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% 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.
Questions people ask
- Which has more room to gain, JUNP or ZJUN?
- From their prices on Sep 21, 2026, JUNP can gain about 12.7% before its cap and ZJUN about 6.4%, so JUNP has more room left this period.
- Which resets first, JUNP or ZJUN?
- JUNP ends its outcome period on May 31, 2027 and ZJUN on May 31, 2027. A new cap is set the day after each.
- Which is cheaper, JUNP or ZJUN?
- JUNP charges 0.50% a year and ZJUN charges 0.79%, so JUNP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JUNP against ZJUN, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/junp-vs-zjun Free to use with attribution; the underlying files are at Open data.