Data as of Nov 4, 2026.
JUNT vs PJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 JUNT can fall 2.8% before its buffer engages and PJUN 2.4%.
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Net assets: $113m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jun, and $878m on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Jun.
JUNT: reference +1.4% since period start, fund +2.1%; buffer 0 to −10; cap +17.6%; Between buffer and cap. Data to Nov 4, 2026.
JUNT: reference +1.4% since period start, fund +2.1%; buffer 0 to −10; cap +17.6%; Between buffer and cap. Data to Nov 4, 2026.PJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.
PJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JUNT costs 0.05 points a year less; their one-year returns differ by 1.2 points; PJUN is 7.7 times larger.
Points (pts) are percentage points.
| Measure | JUNT | PJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.4% | +7.2% |
| Drawdown | ||
| Index fall to the buffer | 1.3% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $113m | $870m |
| 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 9, 2023 to Oct 30, 2026 · 177 weekly returns · each against SPYFrom Jun 2023 to Oct 2026, JUNT returned more: +49.8% to +40.9%. PJUN swung less: 7.0% to 9.0%. PJUN fell less at its worst: −8.9% to −11.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JUNT | PJUN | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +49.8% | +40.9% | JUNT | Price change plus distributions, reinvested. | |
| Annualized | +12.6% | +10.6% | JUNT | Total return as a yearly rate. | |
| Price return | +49.8% | +40.9% | JUNT | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 9.0% | 7.0% | PJUN | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.9% | 4.5% | PJUN | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.3% | −8.9% | PJUN | Deepest fall from a high to the low after it. | |
| Upside capture | 49.4% | 35.3% | 100.0% | JUNT | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 63.9% | 47.3% | 100.0% | PJUN | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.61 | 0.46 | 1.00 | PJUN lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 0.88 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.86 | 0.83 | JUNT (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.32 | 1.27 | JUNT (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.126 | 0.124 | 0.143 | Tie | Return above Treasury bills per unit of beta. |
| Calmar | 1.11 | 1.19 | PJUN (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 | −0.9% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.79 | −0.66 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.7% to +1.6% | −3.5% to +1.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.11 | −1.08 | PJUN (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.0% | 7.9% | 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, 177 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JUNT | PJUN | JUNT | PJUN |
| 3 months | +0.1% | +0.6% | +0.5 pts | +1.0 pts |
| 6 months | +2.4% | +2.2% | −2.1 pts | −2.3 pts |
| 1 year | +8.4% | +7.2% | −5.2 pts | −6.4 pts |
| 3 years | +48.5% | +39.3% | −27.9 pts | −37.1 pts |
| Since launchNot the same days: JUNT Jun 2023 · PJUN Jun 2019 | +53.6% | +74.0% | −28.2 pts | −105.2 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
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
JUNT resets first, on May 31, 2027, 208 days from now; PJUN runs to May 31, 2027, 208 days. JUNT can still gain 14.5% before its cap, PJUN 11.2%. A fall from here reaches JUNT’s buffer after 2.8% and PJUN’s after 2.4%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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JUNT
From its price on Nov 4, 2026, the fund can gain about 14.5% more before it reaches its cap. The fund's price can fall 2.8% 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: 10.0% of the 10.0% 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.
PJUN
From its price on Nov 4, 2026, the fund can gain about 11.2% more before it reaches its cap. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% 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, JUNT against PJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/junt-vs-pjun
ETFIQ. (Nov 4, 2026). JUNT against PJUN. Retrieved from https://etfiq.com/compare/buffer/junt-vs-pjun
[JUNT against PJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/junt-vs-pjun)
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