Data as of Nov 4, 2026.
PJUN vs XMAY: Cap, Buffer & Days Left
As of Nov 4, 2026 XMAY can fall 4.6% before its buffer engages and PJUN 2.4%, and XMAY resets 10 days sooner.
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Net assets: $878m on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Jun, and $19m on Nov 3, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May.
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.XMAY: reference +3.7% since period start, fund +3.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PJUN costs 0.06 points a year less; their one-year returns differ by 0.8 points; PJUN is far larger, $870m against $19m.
Points (pts) are percentage points.
| Measure | PJUN | XMAY |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.2% | +8.0% |
| Drawdown | ||
| Index fall to the buffer | 1.3% | 3.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $870m | $19m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | PJUN | XMAY | PJUN | XMAY |
| 3 months | +0.6% | +1.3% | +1.0 pts | +1.7 pts |
| 6 months | +2.2% | +3.9% | −2.3 pts | −0.6 pts |
| 1 year | +7.2% | +8.0% | −6.4 pts | −5.5 pts |
| 3 years | +39.3% | – | −37.1 pts | – |
| Since launchNot the same days: PJUN Jun 2019 · XMAY May 2024 | +74.0% | +25.1% | −105.2 pts | −19.6 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.
These are two different products. XMAY 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
XMAY resets first, on May 21, 2027, 198 days from now; PJUN runs to May 31, 2027, 208 days. PJUN can still gain 11.2% before its cap, XMAY 6.1%. A fall from here reaches PJUN’s buffer after 2.4% and XMAY’s after 4.6%. Both track SPY, so what separates them is where each is in its own period.
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.
XMAY
From its price on Nov 4, 2026, the fund can gain about 6.1% more before it reaches its cap. The fund's price can fall 4.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.6% from today's level to the point where the buffer begins. 198 days remained on Nov 4, 2026. On May 21, 2027 the period ends and a new cap is set.
Questions people ask
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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.
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ETFIQ, PJUN against XMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pjun-vs-xmay
ETFIQ. (Nov 4, 2026). PJUN against XMAY. Retrieved from https://etfiq.com/compare/buffer/pjun-vs-xmay
[PJUN against XMAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/pjun-vs-xmay)
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