NJAN vs QQBF: which one stands where?

As of Oct 1, 2026 NJAN can fall 10.3% before its buffer engages and QQBF 0.9%, and QQBF resets 13 days sooner. Innovator Growth-100 Power Buffer ETF - Jan and FT Vest Nasdaq-100® Quarterly 15 Buffer ETF.

10.3%
NJAN can fall this far before its buffer
0.9%
QQBF can fall this far before its buffer
3.0%
NJAN can still gain
2.3%
QQBF can still gain
NJANAt its cap
At its capNJAN: reference +20.4% since period start, fund +10.7%; buffer 0 to −15; cap +14.7%; At its cap.15 pts of buffer+14.7% gain captured−15.0% floor0% period start+14.7% capTODAY · QQQ +20.4%At its capNJAN: reference +20.4% since period start, fund +10.7%; buffer 0 to −15; cap +14.7%; At its cap.15 pts+14.7%−15.0% floor0% start+14.7% capTODAY · QQQ +20.4%

NJAN: reference +20.4% since period start, fund +10.7%; buffer 0 to −15; cap +14.7%; At its cap.

QQBFBetween buffer and cap
Between buffer and capQQBF: reference +2.5% since period start, fund +0.7%; buffer 0 to −15; cap +3.3%; Between buffer and cap.15 pts of buffer+2.5%−15.0% floor0% period start+3.3% capTODAY · QQQ +2.5%Between buffer and capQQBF: reference +2.5% since period start, fund +0.7%; buffer 0 to −15; cap +3.3%; Between buffer and cap.15 pts−15.0% floor0% start+3.3% capTODAY · QQQ +2.5%

QQBF: reference +2.5% since period start, fund +0.7%; buffer 0 to −15; cap +3.3%; Between buffer and cap.

ETFIQ Downside Cover Score · QQBF scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

NJAN is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

QQBF resets first, on Dec 18, 2026, 79 days from now; NJAN runs to Dec 31, 2026, 92 days. NJAN can still gain 3.0% before its cap, QQBF 2.3%. A fall from here reaches NJAN’s buffer after 10.3% and QQBF’s after 0.9%. Both track QQQ, 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

Total returnGap to the reference
WindowNJANQQBFNJANQQBF
3 months+3.3%not published+1.1 ptsnot published
6 months+12.7%not published−14.2 ptsnot published
1 year+14.1%not published−9.7 ptsnot published
3 years+49.5%not published−60.4 ptsnot published

NJAN and QQBF over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NJAN
Innovator Growth-100 Power Buffer ETF - Jan · Absorbs the first 15% of loss on QQQ and caps the gain at 14.7%, over a period ending Dec 31, 2026
QQBF
FT Vest Nasdaq-100® Quarterly 15 Buffer ETF · Absorbs the first 15% of loss on QQQ and caps the gain at 3.3%, over a period ending Dec 18, 2026
Issuer Innovator First Trust
Reference index QQQ QQQ
Buffer 15% 15%
Outcome period Dec 31, 2025 to Dec 31, 2026 Sep 21, 2026 to Dec 18, 2026
Days left 92 79
Starting cap +14.7% +3.3%
Can still gain 3.0% 2.3%
Fall before buffer 10.3% 0.9%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +20.4% +2.5%
Fund return this period +10.7% +0.7%
State today At cap Open
Expense ratio 0.79% 0.90%
Net assets $348m $1m

NJAN and QQBF on the same fields, as of Oct 1, 2026. Source: ETFIQ.

NJAN in plain words

QQQ had already risen past this fund's cap of +14.7% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.0% as the period runs out. The fund's price can fall 10.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 17.0% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's QQQ level. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

QQBF in plain words

From its price on Oct 1, 2026, the fund can gain about 2.3% more before it reaches its cap. The fund's price can fall 0.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 2.5% from today's level to the point where the buffer begins. 79 days remained on Oct 1, 2026. On Dec 18, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, NJAN or QQBF?
From their prices on Oct 1, 2026, NJAN can gain about 3.0% before its cap and QQBF about 2.3%, so NJAN has more room left this period.
Which resets first, NJAN or QQBF?
NJAN ends its outcome period on Dec 31, 2026 and QQBF on Dec 18, 2026. A new cap is set the day after each.
Which is cheaper, NJAN or QQBF?
NJAN charges 0.79% a year and QQBF charges 0.90%, so NJAN 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. A comparison is not a recommendation.

Cite this page

ETFIQ, NJAN against QQBF, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/njan-vs-qqbf

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.