Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Buffer ETFs

PJUN vs PMJN: Cap, Buffer & Days Left

Share
Share on XDownload as PDF

As of Nov 4, 2026 PJUN can fall 2.4% before its buffer engages and PMJN 1.9%.

askIQ about this page

askIQ about PJUN and PMJN

Net assets on Nov 4, 2026: $878m for Innovator U.S. Equity Power Buffer ETF - Jun and $10m for PGIM S&P 500 Max Buffer ETF - June.

At a glance
2.4%
PJUN can fall this far before its buffer
1.9%
PMJN can fall this far before its buffer
11.2%
PJUN can still gain
5.4%
PMJN can still gain
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% to 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.
PMJN Full floor
Full floorPMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+7.4% cap+1.4% gain captured+6.1% more to the capTODAY · SPY +1.4%Full floorPMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.4% cap+1.4% gain captured+6.1% more to the capTODAY · SPY +1.4%

PMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PMJN costs 0.29 points a year less; their one-year returns differ by 2.4 points; PJUN is far larger, $878m against $10m.

Points (pts) are percentage points.

PJUN vs PMJN: Cap, Buffer & Days Left
MeasurePJUNPMJN
Return
Total return, 1 year+7.2%+4.8%
Drawdown
Index fall to the buffer1.3%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.50%
Net assets$878m$10m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: PJUN vs PMJN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPJUNPMJNPJUNPMJN
3 months+0.6%+0.7%+1.0 pts+1.1 pts
6 months+2.2%+1.7%−2.3 pts−2.8 pts
1 year+7.2%+4.8%−6.4 pts−8.7 pts
3 years+39.3%–−37.1 pts–
Since launchNot the same days: PJUN Jun 2019 · PMJN Jun 2025+74.0%+8.2%−105.2 pts−21.2 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

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 PMJN PGIM S&P 500 Max Buffer ETF - June · Absorbs the whole loss on SPY and caps the gain at 7.4%, over a period ending May 31, 2027
Reference index SPY SPY
Buffer 15% 100%
Outcome period May 31, 2026 to May 31, 2027 Jun 1, 2026 to May 31, 2027
Days left 208 208
Starting cap +13.8% +7.4%
Can still gain 11.2% 5.4%
Fall before buffer 2.4% 1.9%
Protection left, index points 15.0% of 15.0% 100.0% of 100.0%
Index return this period +1.3% +1.4%
Fund return this period +2.1% +1.4%
State today Open Open
Expense ratio 0.79% 0.50%
Net assets $878m $10m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMJN is a floor fund, which caps how far a holder can fall. PJUN is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

PJUN resets first, on May 31, 2027, 208 days from now; PMJN runs to May 31, 2027, 208 days. PJUN can still gain 11.2% before its cap, PMJN 5.4%. A fall from here reaches PJUN’s buffer after 2.4% and PMJN’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

PJUN and PMJN flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.

PMJN

From its price on Nov 4, 2026, the fund can gain about 5.4% 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 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: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, PJUN or PMJN?
From their prices on Nov 4, 2026, PJUN can gain about 11.2% before its cap and PMJN about 5.4%, so PJUN has more room left this period.
Which resets first, PJUN or PMJN?
PJUN ends its outcome period on May 31, 2027 and PMJN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, PJUN or PMJN?
PJUN charges 0.79% a year and PMJN charges 0.50%, so PMJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

Open data →

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