Which has more room to gain, PMJL or ZJUL?

From their prices on Nov 4, 2026, PMJL can gain about 5.7% before its cap and ZJUL about 6.4%, so ZJUL has more room left this period.

Which resets first, PMJL or ZJUL?

PMJL ends its outcome period on Jun 30, 2027 and ZJUL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, PMJL or ZJUL?

PMJL charges 0.50% a year and ZJUL charges 0.79%, so PMJL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

PMJL vs ZJUL: Cap, Buffer & Days Left

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As of Nov 4, 2026 PMJL can fall 2.1% before its buffer engages and ZJUL 1.9%.

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Net assets on Nov 4, 2026: $7.0m for PGIM S&P 500 Max Buffer ETF - July and $193m for Innovator Equity Defined Protection ETF - 1 Yr July.

PMJL on its own →ZJUL on its own →

At a glance

2.1%

PMJL can fall this far before its buffer

1.9%

ZJUL can fall this far before its buffer

5.7%

PMJL can still gain

6.4%

ZJUL can still gain

PMJL Full floor

PMJL: reference +2.7% since period start, fund +1.7%; buffer Floor; cap +8.0%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

ZJUL Full floor

ZJUL: reference +2.6% since period start, fund +1.7%; buffer Floor; cap +8.4%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PMJL costs 0.29 points a year less; both returned +5.7% over a year; ZJUL is far larger, $193m against $7.0m.

Points (pts) are percentage points.

PMJL vs ZJUL: Cap, Buffer & Days Left
Measure	PMJL	ZJUL
Return
Measure	PMJL	ZJUL
Total return, 1 year	+5.7%	+5.7%
Drawdown
Measure	PMJL	ZJUL
Index fall to the buffer	2.6%
Benchmark
Measure	PMJL	ZJUL
What it tracks	SPY	SPY
Cost and size
Measure	PMJL	ZJUL
Expense ratio	0.50%	0.79%
Net assets	$7.0m	$193m
Holdings
Measure	PMJL	ZJUL
Holdings in common	not published

Method

Window by window

Window by window: PMJL vs ZJUL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	PMJL	ZJUL	PMJL	ZJUL
3 months	+0.7%	+0.7%	+1.1 pts	+1.0 pts
6 months	+2.5%	+2.5%	−2.0 pts	−2.0 pts
1 year	+5.7%	+5.7%	−7.8 pts	−7.9 pts
Since launchNot the same days: PMJL Jul 2025 · ZJUL Jul 2024	+8.3%	+17.0%	−15.9 pts	−23.6 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

PMJL PGIM S&P 500 Max Buffer ETF - July · Absorbs the whole loss on SPY and caps the gain at 8.0%, over a period ending Jun 30, 2027 ZJUL Innovator Equity Defined Protection ETF - 1 Yr July · Absorbs the whole loss on SPY and caps the gain at 8.4%, over a period ending Jun 30, 2027

Issuer PGIM Innovator

Reference index SPY SPY

Buffer 100% 100%

Outcome period Jul 1, 2026 to Jun 30, 2027 Jun 30, 2026 to Jun 30, 2027

Days left 238 238

Starting cap +8.0% +8.4%

Can still gain 5.7% 6.4%

Fall before buffer 2.1% 1.9%

Protection left, index points 100.0% of 100.0% 100.0% of 100.0%

Index return this period +2.7% +2.6%

Fund return this period +1.7% +1.7%

State today Open Open

Expense ratio 0.50% 0.79%

Net assets $7.0m $193m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

PMJL resets first, on Jun 30, 2027, 238 days from now; ZJUL runs to Jun 30, 2027, 238 days. PMJL can still gain 5.7% before its cap, ZJUL 6.4%. A fall from here reaches PMJL’s buffer after 2.1% and ZJUL’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

PMJL

From its price on Nov 4, 2026, the fund can gain about 5.7% more before it reaches its cap. The fund's price can fall 2.1% 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: 100.0% of the 100.0% 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.

ZJUL

From its price on Nov 4, 2026, the fund can gain about 6.4% 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.

Questions people ask

Which has more room to gain, PMJL or ZJUL?: From their prices on Nov 4, 2026, PMJL can gain about 5.7% before its cap and ZJUL about 6.4%, so ZJUL has more room left this period.
Which resets first, PMJL or ZJUL?: PMJL ends its outcome period on Jun 30, 2027 and ZJUL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, PMJL or ZJUL?: PMJL charges 0.50% a year and ZJUL charges 0.79%, so PMJL is cheaper. Fees come from each fund's prospectus.

Other comparisons

PMJL vs JULW PMJL vs XJUN PMJL vs UJUL PMJL vs BJUL ZJUL vs CTJL ZJUL vs JULC ZJUL vs JULP ZJUL vs CJUL

Where to next

SPDR S&P 500 ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →PMJL on its own →ZJUL on its own →Method →Standards and sources →

Sources and dates

PMJL filings on SEC EDGAR ↗

PGIM website ↗

ZJUL filings on SEC EDGAR ↗

Innovator page for ZJUL ↗

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, PMJL against ZJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pmjl-vs-zjul

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