Which has more room to gain, NJUL or PQJL?

From their prices on Nov 4, 2026, NJUL can gain about 22.1% before its cap and PQJL about 25.6%, so PQJL has more room left this period.

Which resets first, NJUL or PQJL?

NJUL ends its outcome period on Jun 30, 2027 and PQJL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, NJUL or PQJL?

NJUL charges 0.79% a year and PQJL charges 0.50%, so PQJL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

NJUL vs PQJL: Cap, Buffer & Days Left

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As of Nov 4, 2026 NJUL can fall 0.0% before its buffer engages and PQJL 0.0%.

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Net assets on Nov 4, 2026: $269m for Innovator Growth-100 Power Buffer ETF - Jul and $28m for PGIM Nasdaq-100 Buffer 12 ETF - July.

NJUL on its own →PQJL on its own →

At a glance

0.0%

NJUL can fall this far before its buffer

0.0%

PQJL can fall this far before its buffer

22.1%

NJUL can still gain

25.6%

PQJL can still gain

NJUL Buffer working

NJUL: reference −6.1% since period start, fund −1.9%; buffer 0 to −15; cap +20.0%; Buffer working. Data to Nov 4, 2026.

PQJL Buffer working

PQJL: reference −6.0% since period start, fund −2.5%; buffer 0 to −12; cap +23.0%; Buffer working. Data to Nov 4, 2026.

Pair scorecard

PQJL costs 0.29 points a year less; their one-year returns differ by 0.7 points; NJUL is 9.6 times larger.

Points (pts) are percentage points.

NJUL vs PQJL: Cap, Buffer & Days Left
Measure	NJUL	PQJL
Return
Measure	NJUL	PQJL
Total return, 1 year	+5.6%	+6.3%
Benchmark
Measure	NJUL	PQJL
What it tracks	QQQ	QQQ
Cost and size
Measure	NJUL	PQJL
Expense ratio	0.79%	0.50%
Net assets	$269m	$28m
Holdings
Measure	NJUL	PQJL
Holdings in common	not published

ETFIQ Downside Cover Score · NJUL scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score18NJUL6.7PQJL

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

NJUL 18

PQJL 6.7

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: NJUL vs PQJL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	NJUL	PQJL	NJUL	PQJL
3 months	−1.2%	−1.5%	+2.3 pts	+2.1 pts
6 months	−0.8%	−1.0%	−0.3 pts	−0.4 pts
1 year	+5.6%	+6.3%	−6.1 pts	−5.5 pts
3 years	+46.4%	–	−41.8 pts	–
Since launchNot the same days: NJUL Jul 2020 · PQJL Jan 2025	+83.7%	+21.8%	−92.5 pts	−13.8 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

NJUL Innovator Growth-100 Power Buffer ETF - Jul · Absorbs the first 15% of loss on QQQ and caps the gain at 20.0%, over a period ending Jun 30, 2027 PQJL PGIM Nasdaq-100 Buffer 12 ETF - July · Absorbs the first 12% of loss on QQQ and caps the gain at 23.0%, over a period ending Jun 30, 2027

Issuer Innovator PGIM

Reference index QQQ QQQ

Buffer 15% 12%

Outcome period Jun 30, 2026 to Jun 30, 2027 Jul 1, 2026 to Jun 30, 2027

Days left 238 238

Starting cap +20.0% +23.0%

Can still gain 22.1% 25.6%

Fall before buffer 0.0% 0.0%

Protection left, index points 8.9% of 15.0% 6.0% of 12.0%

Index return this period −6.1% −6.0%

Fund return this period −1.9% −2.5%

State today Buffer working Buffer working

Expense ratio 0.79% 0.50%

Net assets $269m $28m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

NJUL resets first, on Jun 30, 2027, 238 days from now; PQJL runs to Jun 30, 2027, 238 days. NJUL can still gain 22.1% before its cap, PQJL 25.6%. A fall from here reaches NJUL’s buffer after 0.0% and PQJL’s after 0.0%. Both track QQQ, so what separates them is where each is in its own period.

Alert

About each fund

NJUL

From its price on Nov 4, 2026, the fund can gain about 22.1% more before it reaches its cap. Protection left, in index points: 8.9% of the 15.0% buffer still sits below today's QQQ level. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.

PQJL

From its price on Nov 4, 2026, the fund can gain about 25.6% more before it reaches its cap. Protection left, in index points: 6.0% of the 12.0% buffer still sits below today's QQQ level.

Questions people ask

Which has more room to gain, NJUL or PQJL?: From their prices on Nov 4, 2026, NJUL can gain about 22.1% before its cap and PQJL about 25.6%, so PQJL has more room left this period.
Which resets first, NJUL or PQJL?: NJUL ends its outcome period on Jun 30, 2027 and PQJL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, NJUL or PQJL?: NJUL charges 0.79% a year and PQJL charges 0.50%, so PQJL is cheaper. Fees come from each fund's prospectus.

Other comparisons

NJUL vs QQJL NJUL vs QJL NJUL vs QJUN NJUL vs DQJN PQJL vs QJUN PQJL vs QQJL PQJL vs QJL PQJL vs DQJN

Where to next

QQQ →NJUL on its own →PQJL on its own →PQJL dividend history →Method →Standards and sources →

Sources and dates

NJUL filings on SEC EDGAR ↗

Innovator page for NJUL ↗

PQJL 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.

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ETFIQ, NJUL against PQJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/njul-vs-pqjl

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