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NJUN vs QMMY: which one stands where?

As of Oct 1, 2026 QMMY can fall 4.5% before its buffer engages and NJUN 1.8%, and QMMY resets 10 days sooner. Innovator Growth-100 Power Buffer ETF - Jun and FT Vest Nasdaq-100® Moderate Buffer ETF - May.

1.8%
NJUN can fall this far before its buffer
4.5%
QMMY can fall this far before its buffer
16.3%
NJUN can still gain
12.6%
QMMY can still gain
NJUNBetween buffer and cap
Between buffer and capNJUN: reference +0.2% since period start, fund +1.6%; buffer 0 to −15; cap +18.4%; Between buffer and cap.15 pts of buffer+18.2% more to the cap−15.0% floor0% period start+18.4% capTODAY · QQQ +0.2%Between buffer and capNJUN: reference +0.2% since period start, fund +1.6%; buffer 0 to −15; cap +18.4%; Between buffer and cap.15 pts+18.2% to cap−15.0% floor0% start+18.4% capTODAY · QQQ +0.2%

NJUN: reference +0.2% since period start, fund +1.6%; buffer 0 to −15; cap +18.4%; Between buffer and cap.

QMMYBetween buffer and cap
Between buffer and capQMMY: reference +4.4% since period start, fund +3.7%; buffer 0 to −15; cap +17.7%; Between buffer and cap.15 pts of buffer+4.4%+13.3% more to the cap−15.0% floor0% period start+17.7% capTODAY · QQQ +4.4%Between buffer and capQMMY: reference +4.4% since period start, fund +3.7%; buffer 0 to −15; cap +17.7%; Between buffer and cap.15 pts−15.0% floor0% start+17.7% capTODAY · QQQ +4.4%

QMMY: reference +4.4% since period start, fund +3.7%; buffer 0 to −15; cap +17.7%; Between buffer and cap.

ETFIQ Downside Cover Score · NJUN 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 →

Where each one stands today

QMMY resets first, on May 21, 2027, 233 days from now; NJUN runs to May 31, 2027, 243 days. NJUN can still gain 16.3% before its cap, QMMY 12.6%. A fall from here reaches NJUN’s buffer after 1.8% and QMMY’s after 4.5%. 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
WindowNJUNQMMYNJUNQMMY
3 months+2.3%+2.6%+0.2 pts+0.5 pts
6 months+6.1%+8.1%−20.8 pts−18.8 pts
1 year+8.4%+10.3%−15.3 pts−13.5 pts

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

On the same fields

NJUN
Innovator Growth-100 Power Buffer ETF - Jun · Absorbs the first 15% of loss on QQQ and caps the gain at 18.4%, over a period ending May 31, 2027
QMMY
FT Vest Nasdaq-100® Moderate Buffer ETF - May · Absorbs the first 15% of loss on QQQ and caps the gain at 17.7%, over a period ending May 21, 2027
Issuer Innovator First Trust
Reference index QQQ QQQ
Buffer 15% 15%
Outcome period May 31, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027
Days left 243 233
Starting cap +18.4% +17.7%
Can still gain 16.3% 12.6%
Fall before buffer 1.8% 4.5%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +0.2% +4.4%
Fund return this period +1.6% +3.7%
State today Open Open
Expense ratio 0.79% 0.90%
Net assets $178m $155m

NJUN and QMMY on the same fields, as of Oct 1, 2026. Source: ETFIQ.

NJUN in plain words

From its price on Oct 1, 2026, the fund can gain about 16.3% more before it reaches its cap. The fund's price can fall 1.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 0.2% 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. 243 days remained on Oct 1, 2026. On May 31, 2027 the period ends and a new cap is set.

QMMY in plain words

From its price on Oct 1, 2026, the fund can gain about 12.6% more before it reaches its cap. The fund's price can fall 4.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 4.2% from today's level to the point where the buffer begins. 233 days remained on Oct 1, 2026. On May 21, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, NJUN or QMMY?
From their prices on Oct 1, 2026, NJUN can gain about 16.3% before its cap and QMMY about 12.6%, so NJUN has more room left this period.
Which resets first, NJUN or QMMY?
NJUN ends its outcome period on May 31, 2027 and QMMY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, NJUN or QMMY?
NJUN charges 0.79% a year and QMMY charges 0.90%, so NJUN is cheaper. Fees come from each fund's prospectus.
Other comparisons
NJUN vs QJNNJUN vs QQJNNJUN vs CPNJQMMY vs QQJNQMMY vs CPNJQMMY vs QJN
QQQ →NJUN on its own →QMMY on its own →How every figure is computed →Standards and sources →
Where these figures came from
NJUN filings on SEC EDGAR ↗Innovator page for NJUN ↗QMMY filings on SEC EDGAR ↗First Trust page for QMMY ↗

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, NJUN against QMMY, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/njun-vs-qmmy

Open data

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