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Data as of Nov 4, 2026.

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Buffer ETFs

PBJN vs PJUN: Cap, Buffer & Days Left

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As of Nov 4, 2026 PBJN can fall 2.5% before its buffer engages and PJUN 2.4%.

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Net assets on Nov 4, 2026: $59m for PGIM S&P 500 Buffer 20 ETF - June and $878m for Innovator U.S. Equity Power Buffer ETF - Jun.

PBJN on its own →PJUN on its own →
At a glance
2.5%
PBJN can fall this far before its buffer
2.4%
PJUN can fall this far before its buffer
9.3%
PBJN can still gain
11.2%
PJUN can still gain
PBJN Between buffer and cap
Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+10.7% more to the cap−20.0% floor0% period start+12.1% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capPBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.1% cap+1.4% gain captured+10.7% more to the capTODAY · SPY +1.4%

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

PBJN: reference +1.4% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.
PJUN Between buffer and cap
Between buffer and capPJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+12.5% more to the cap−15.0% floor0% period start+13.8% cap+1.3% gain capturedTODAY · SPY +1.3%Between buffer and capPJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+13.8% cap+1.3% gain captured+12.5% more to the capTODAY · SPY +1.3%

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

PBJN costs 0.29 points a year less; their one-year returns differ by 0.2 points; PJUN is 14.9 times larger.

Points (pts) are percentage points.

PBJN vs PJUN: Cap, Buffer & Days Left
MeasurePBJNPJUN
Return
Total return, 1 year+7.0%+7.2%
Drawdown
Index fall to the buffer1.4%1.3%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.79%
Net assets$59m$878m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBJN scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score95.7PBJN83.2PJUN

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

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: PBJN vs PJUN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPBJNPJUNPBJNPJUN
3 months+0.6%+0.6%+1.0 pts+1.0 pts
6 months+2.4%+2.2%−2.1 pts−2.3 pts
1 year+7.0%+7.2%−6.6 pts−6.4 pts
3 years–+39.3%–−37.1 pts
Since launchNot the same days: PBJN Jun 2024 · PJUN Jun 2019+25.9%+74.0%−19.3 pts−105.2 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

PBJN PGIM S&P 500 Buffer 20 ETF - June · Absorbs the first 20% of loss on SPY and caps the gain at 12.1%, over a period ending May 31, 2027 PJUN Innovator U.S. Equity Power Buffer ETF - Jun · Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending May 31, 2027
Issuer PGIM Innovator
Reference index SPY SPY
Buffer 20% 15%
Outcome period Jun 1, 2026 to May 31, 2027 May 31, 2026 to May 31, 2027
Days left 208 208
Starting cap +12.1% +13.8%
Can still gain 9.3% 11.2%
Fall before buffer 2.5% 2.4%
Protection left, index points 20.0% of 20.0% 15.0% of 15.0%
Index return this period +1.4% +1.3%
Fund return this period +2.0% +2.1%
State today Open Open
Expense ratio 0.50% 0.79%
Net assets $59m $878m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

PBJN resets first, on May 31, 2027, 208 days from now; PJUN runs to May 31, 2027, 208 days. PBJN can still gain 9.3% before its cap, PJUN 11.2%. A fall from here reaches PBJN’s buffer after 2.5% and PJUN’s after 2.4%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
PBJN

From its price on Nov 4, 2026, the fund can gain about 9.3% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% 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. 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. In index terms, SPY can fall 1.3% 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 SPY level.

Questions people ask

Which has more room to gain, PBJN or PJUN?
From their prices on Nov 4, 2026, PBJN can gain about 9.3% before its cap and PJUN about 11.2%, so PJUN has more room left this period.
Which resets first, PBJN or PJUN?
PBJN ends its outcome period on May 31, 2027 and PJUN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, PBJN or PJUN?
PBJN charges 0.50% a year and PJUN charges 0.79%, so PBJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
PBJN vs FMAYPBJN vs DMAYPBJN vs GMAYPBJN vs BJUNPJUN vs CPSMPJUN vs DDTZPJUN vs CPSUPJUN vs DDFZ
Where to next
SPDR S&P 500 ETF Trust →PBJN on its own →PJUN on its own →Method →Standards and sources →
Sources and dates
PBJN filings on SEC EDGAR ↗
PGIM website ↗
PJUN filings on SEC EDGAR ↗
Innovator page for PJUN ↗

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, PBJN against PJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pbjn-vs-pjun

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.