Data as of Nov 4, 2026.
UJUL vs XBJL: Cap, Buffer & Days Left
As of Nov 4, 2026 UJUL can fall 7.3% before its buffer engages and XBJL 3.5%.
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Net assets on Nov 4, 2026: $307m for Innovator U.S. Equity Ultra Buffer ETF - Jul and $77m for Innovator U.S. Equity Accelerated 9 Buffer ETF - Jul.
UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.
UJUL: reference +2.6% since period start, fund +2.2%; buffer −5 to −35; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.
XBJL: reference +2.6% since period start, fund +3.3%; buffer 0 to −9; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
Both cost 0.79% a year; their one-year returns differ by 1.3 points; UJUL is 4.0 times larger.
Points (pts) are percentage points.
| Measure | UJUL | XBJL |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.6% | +9.9% |
| Drawdown | ||
| Index fall to the buffer | 7.4% | 2.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.79% |
| Net assets | $307m | $77m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | UJUL | XBJL | UJUL | XBJL |
| 3 months | +0.4% | +1.4% | +0.8 pts | +1.8 pts |
| 6 months | +3.5% | +4.3% | −1.0 pts | −0.2 pts |
| 1 year | +8.6% | +9.9% | −4.9 pts | −3.6 pts |
| 3 years | +45.6% | +42.8% | −30.8 pts | −33.6 pts |
| Since launchNot the same days: UJUL Aug 2018 · XBJL Jul 2021 | +75.8% | +60.3% | −92.9 pts | −17.8 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. XBJL is a floor fund, which caps how far a holder can fall. UJUL is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
Both are Innovator funds, so the difference between them is the terms rather than the house.
Where each one stands today
UJUL resets first, on Jun 30, 2027, 238 days from now; XBJL runs to Jun 30, 2027, 238 days. UJUL can still gain 11.4% before its cap, XBJL 9.9%. A fall from here reaches UJUL’s buffer after 7.3% and XBJL’s after 3.5%. Both track SPY, so what separates them is where each is in its own period.
UJUL
From its price on Nov 4, 2026, the fund can gain about 11.4% more before it reaches its cap. The fund's price can fall 7.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% 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.
XBJL
From its price on Nov 4, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 3.5% 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: 9.0% of the 9.0% buffer still sits below today's SPY level.
Questions people ask
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.
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ETFIQ, UJUL against XBJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ujul-vs-xbjl
ETFIQ. (Nov 4, 2026). UJUL against XBJL. Retrieved from https://etfiq.com/compare/buffer/ujul-vs-xbjl
[UJUL against XBJL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ujul-vs-xbjl)
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