Data as of Nov 4, 2026.
UJUN vs XMAY: Cap, Buffer & Days Left
As of Nov 4, 2026 UJUN can fall 7.0% before its buffer engages and XMAY 4.6%, and XMAY resets 10 days sooner.
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Net assets: $185m on Nov 4, 2026 for Innovator U.S. Equity Ultra Buffer ETF - Jun, and $19m on Nov 3, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May.
UJUN: reference +1.3% since period start, fund +1.7%; buffer −5 to −35; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.
UJUN: reference +1.3% since period start, fund +1.7%; buffer −5 to −35; cap +14.0%; 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.
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.Pair scorecard
UJUN costs 0.06 points a year less; their one-year returns differ by 1.5 points; UJUN is 9.6 times larger.
Points (pts) are percentage points.
| Measure | UJUN | XMAY |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.5% | +8.0% |
| Drawdown | ||
| Index fall to the buffer | 6.2% | 3.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $183m | $19m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | UJUN | XMAY | UJUN | XMAY |
| 3 months | +0.2% | +1.3% | +0.6 pts | +1.7 pts |
| 6 months | +1.9% | +3.9% | −2.6 pts | −0.6 pts |
| 1 year | +6.5% | +8.0% | −7.0 pts | −5.5 pts |
| 3 years | +37.1% | – | −39.3 pts | – |
| Since launchNot the same days: UJUN Jun 2019 · XMAY May 2024 | +60.6% | +25.1% | −118.7 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. UJUN 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; UJUN runs to May 31, 2027, 208 days. UJUN can still gain 11.7% before its cap, XMAY 6.1%. A fall from here reaches UJUN’s buffer after 7.0% and XMAY’s after 4.6%. Both track SPY, so what separates them is where each is in its own period.
UJUN
From its price on Nov 4, 2026, the fund can gain about 11.7% more before it reaches its cap. The fund's price can fall 7.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.2% 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. 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. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 198 days remained on Nov 4, 2026. On May 21, 2027 the period ends and a new cap is set.
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, UJUN against XMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ujun-vs-xmay
ETFIQ. (Nov 4, 2026). UJUN against XMAY. Retrieved from https://etfiq.com/compare/buffer/ujun-vs-xmay
[UJUN against XMAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ujun-vs-xmay)
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