Data as of .
PJUL vs PJUN: which one stands where?
As of Sep 13, 2026 PJUL can fall 1.9% before its buffer engages and PJUN 1.6%, and PJUN resets 30 days sooner.
ETFIQ Downside Cover Score: PJUL scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
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
PJUN resets first, on May 31, 2027, 262 days from now; PJUL runs to Jun 30, 2027, 292 days. PJUL can still gain 11.8% before its cap, PJUN 11.9%. A fall from here reaches PJUL’s buffer after 1.9% and PJUN’s after 1.6%. Both track SPY, 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| PJUL | PJUN | PJUL | PJUN | |
| 3 months | +2.1% | +2.3% | −1.2 pts | −1.0 pts |
| 6 months | +7.6% | +5.3% | −8.4 pts | −10.7 pts |
| 1 year | +9.6% | +7.5% | −7.9 pts | −9.9 pts |
| 3 years | +44.0% | +37.9% | −33.9 pts | −40.0 pts |
| PJUL Innovator U.S. Equity Power Buffer ETF - Jul Absorbs the first 15% of loss on SPY and caps the gain at 14.0%, over a period ending Jun 30, 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 | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | 15% | 15% |
| Outcome period | Jun 30, 2026 to Jun 30, 2027 | May 31, 2026 to May 31, 2027 |
| Days left | 292 | 262 |
| Starting cap | +14.0% | +13.8% |
| Can still gain | 11.8% | 11.9% |
| Fall before buffer | 1.9% | 1.6% |
| Protection left, index points | 15.0% of 15.0% | 15.0% of 15.0% |
| Index return this period | +2.4% | +1.0% |
| Fund return this period | +1.8% | +1.4% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.79% |
PJUL in plain words
From its price on Sep 13, 2026, the fund can gain about 11.8% more before it reaches its cap. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% 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. 292 days remained on Sep 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.
PJUN in plain words
From its price on Sep 13, 2026, the fund can gain about 11.9% more before it reaches its cap. The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 1.0% from today's level to the point where the buffer begins. 262 days remained on Sep 13, 2026. On May 31, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, PJUL or PJUN?
- From their prices on Sep 13, 2026, PJUL can gain about 11.8% before its cap and PJUN about 11.9%, so PJUN has more room left this period.
- Which resets first, PJUL or PJUN?
- PJUL ends its outcome period on Jun 30, 2027 and PJUN on May 31, 2027. A new cap is set the day after each.
- Which is cheaper, PJUL or PJUN?
- PJUL charges 0.79% a year and PJUN charges 0.79%, so PJUL 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.
Cite this page. ETFIQ, PJUL against PJUN, data as of Sep 13, 2026. https://etfiq.com/compare/buffer/pjul-vs-pjun Free to use with attribution; the underlying files are at Open data.