Data as of Nov 4, 2026.
PBJL vs UJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 UJUL can fall 7.3% before its buffer engages and PBJL 2.9%.
askIQ about this page
askIQ about PBJL and UJUL
Net assets on Nov 4, 2026: $74m for PGIM S&P 500 Buffer 20 ETF - July and $307m for Innovator U.S. Equity Ultra Buffer ETF - Jul.
PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.
PBJL: reference +2.7% since period start, fund +2.4%; buffer 0 to −20; cap +12.3%; Between buffer and cap. Data to Nov 4, 2026.UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.
UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
PBJL costs 0.29 points a year less; their one-year returns differ by 0.1 points; UJUL is 4.1 times larger.
Points (pts) are percentage points.
| Measure | PBJL | UJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.5% | +8.6% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | 7.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.50% | 0.79% |
| Net assets | $74m | $307m |
| 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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | PBJL | UJUL | PBJL | UJUL |
| 3 months | +0.8% | +0.4% | +1.2 pts | +0.8 pts |
| 6 months | +3.5% | +3.5% | −0.9 pts | −1.0 pts |
| 1 year | +8.5% | +8.6% | −5.0 pts | −4.9 pts |
| 3 years | – | +45.6% | – | −30.8 pts |
| Since launchNot the same days: PBJL May 2024 · UJUL Aug 2018 | +28.0% | +75.8% | −20.2 pts | −92.9 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
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
PBJL resets first, on Jun 30, 2027, 238 days from now; UJUL runs to Jun 30, 2027, 238 days. PBJL can still gain 9.2% before its cap, UJUL 11.4%. A fall from here reaches PBJL’s buffer after 2.9% and UJUL’s after 7.3%. Both track SPY, so what separates them is where each is in its own period.
PBJL
From its price on Nov 4, 2026, the fund can gain about 9.2% 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 number. In index terms, SPY can fall 2.6% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.
UJUL
From its price on Nov 4, 2026, the fund can gain about 11.4% more before it reaches its cap. The fund's price can fall 7.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.
Questions people ask
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.
Cite this pageCitation, APA and Markdown
ETFIQ, PBJL against UJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pbjl-vs-ujul
ETFIQ. (Nov 4, 2026). PBJL against UJUL. Retrieved from https://etfiq.com/compare/buffer/pbjl-vs-ujul
[PBJL against UJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/pbjl-vs-ujul)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.