BUFM vs JUNZ: Grades, Fees and Holdings Compared

AB Moderate Buffer ETF

BUFMBNasdaq

TrueShares Structured Outcome (June) ETF

JUNZDCboe

Overlap

0.0%by weight

Expense ratio

BUFM −0.10pt a year

BUFM0.69%JUNZ0.79%

Avg volume · 30D

BUFM 12.1×the volume

BUFM28.8KJUNZ2.39K

BUFM vs JUNZ Performance

Nov 5, 2025 – Nov 5, 2026

+3.6%BUFM+6.5%JUNZ

Expense ratio: BUFM 0.69%, better; JUNZ 0.79%
Fund size: BUFM $493M; JUNZ $30M
1Y total return: BUFM +3.6%; JUNZ +6.5%, better
Yield (12M): BUFM No data; JUNZ 2.17%
Holdings: BUFM 5; JUNZ 5
Avg volume (30D): BUFM 28.8K sh, better; JUNZ 2.39K sh
NAV per share: BUFM $41.00; JUNZ $35.84
52W range

ETF.net Grade

Pillar letters and Scores for BUFM, JUNZ, with each pillar’s weight
Pillar	BUFM	JUNZ
Cost30% weight	A82Higher	C40
Mission25% weight	Not scored	Not scored
Risk15% weight	C48Higher	D25
Tradability15% weight	C53Higher	F14
Holdings10% weight	Not scored	Not scored
Durability5% weight	C50Higher	C41

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›

Same Category. BUFM and JUNZ are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds

See all 77 ›

BUFM ranks 4th and JUNZ 77th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
Rank 3BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 65
Rank 4BBUFMAB Moderate Buffer ETFScore 64
Rank 4BTENDiShares Large Cap 10% Target Buffer Dec ETFScore 64
Rank 76DAPRZTrueShares Structured Outcome (April) ETFScore 31
Rank 77DJUNZTrueShares Structured Outcome (June) ETFScore 30

Our read on each fund

ETF.net Research

BUFMBAB Moderate Buffer ETF

JUNZDTrueShares Structured Outcome (June) ETF

In short

BUFM No data

JUNZ The June entry in TrueShares' monthly buffer lineup, built on an unusual twist: it aims to absorb the first 8% to 12% of S&P 500 price losses over a twelve-month stretch without writing an upside ceiling into its outcome terms.

Stated mandate

BUFM No data

JUNZ The Fund seeks pre-expense returns tracking the S&P 500 Price Return Index while buffering the first 8%–12% of index losses over a twelve-month period.

Why people hold it

BUFM No data

JUNZ Most buffer funds sell away your upside to pay for the cushion. This one's stated terms set a downside buffer with no cap figure attached, a rare structure in the S&P 500 buffer aisle.
The 0.79% expense ratio sits right at the median for S&P 500 buffer funds, and matches what the big-name monthly buffer series charge (PMAY, for one).
Running since 2021 as a 1940 Act ETF, with a fresh twelve-month outcome period starting each June. The reset date is fixed and knowable, not a moving target.

Worth knowing

BUFM No data

JUNZ The buffer is a range (8% to 12%), not a fixed promise, and it is measured over the full twelve-month period. Buy mid-period and your own cushion and starting point differ from the headline.
The reference is the S&P 500 Price Return Index, so index dividends sit outside what the fund targets.
A small fund that trades thinly, so spreads can widen. Limit orders are the tool here. Same-index buffer exposure also exists cheaper, such as BUFP at 0.50%.

Full BUFM profile⁠

Full JUNZ profile⁠

BUFM vs JUNZ Holdings

How BUFM and JUNZ differ

Overlap by weight

0.0%

Level by level

Asset classAlternatives, Stocks0.0%
Holdings0 in both0.0%
Sector11 Sectors97.5%
Countryby domicile99.5%

Sector

Sector weights in BUFM and JUNZ, widest gap first
Sector	Gap	BUFM	JUNZ
Technology	BUFM +1.6 points	40.1%	38.5%
Industrials	JUNZ +0.9 points	7.6%	8.4%
Consumer Discretionary	JUNZ +0.8 points	8.7%	9.5%
Health Care	BUFM +0.5 points	9.4%	8.9%
Energy	BUFM +0.4 points	3.4%	3.0%
Utilities	JUNZ +0.3 points	1.9%	2.2%
Financials	JUNZ +0.3 points	11.3%	11.6%
Consumer Staples	JUNZ +0.1 points	4.4%	4.5%
Real Estate	JUNZ +0.1 points	1.7%	1.8%
Materials	JUNZ +0.1 points	1.6%	1.6%
Communication	Same weight	9.9%	9.9%

Country, concentration and asset class

Country by domicile

Country weights in BUFM and JUNZ, widest gap first
Country	Gap	BUFM	JUNZ
United States	JUNZ +0.5 points	99.5%	100.0%
Switzerland	BUFM +0.3 points	0.3%	0.0%
China	BUFM +0.1 points	0.1%	0.0%
Mexico	BUFM +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BUFM101.0%
JUNZ101.8%

Securities held

BUFM3
JUNZ3

Asset class

BUFM: Alternatives
JUNZ: Stocks

Holdings

Only in BUFM3
In both0
Only in JUNZ3

Only in BUFM

3 securities, 100% of BUFM by weight

4SPY 12/31/26 C3.81 4SPY 12/31/26 C3.8199.14%
4SPY 12/31/26 P750.28 4SPY 12/31/26 P750.281.28%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.55%

Only in JUNZ

3 securities, 96.0% of JUNZ by weight

Treasury Bill B 05/13/2795.71%
Broker Sweep0.16%
State Street Inst U.s. Government Mmkt Admn Class0.10%

Weight gaps

BUFM and JUNZ share no securities.

All BUFM holdings⁠All 7 JUNZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUFM vs JUNZ Cost

Overpaying JUNZ vs BUFM

$1,745

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BUFM 0.69%
$13,429
JUNZ 0.79%
$15,174

Amount$10,000

Years30 years

Cost over time

BUFM 0.69%
JUNZ 0.79%
Overpaying

Year by year

Year	BUFM	JUNZ	Overpaying
10	$1,232	$1,405	$173
20	$4,697	$5,331	$634
30	$13,429	$15,174	$1,745

Expense ratio

0.69%BUFM, cheaper
0.79%JUNZ

BUFM0.69%JUNZ0.79%

0.25%0.85%

Middle half of S&P 500 Buffer 9-12% funds
Median 0.79%

BUFM 14th cheapest of 77 funds

JUNZ 34th cheapest of 77 funds

BUFM vs JUNZ Dividends

Last 12 months to Nov 5, 2026

Yield (12M): BUFM No data; JUNZ 2.17%
Payout (12M): BUFM None; JUNZ $0.75
Last payment: BUFM No data; JUNZ $0.75
Ex-dividend: BUFM No data; JUNZ Dec 24, 2025
Paid on: BUFM No data; JUNZ Dec 26, 2025
Frequency: BUFM No data; JUNZ Annual

Distribution history

Per share, 2021 to 2026, same scale for both

BUFMAll BUFM payments⁠

No distribution history available.

JUNZAnnual · 5 paymentsAll JUNZ payments⁠

BUFM vs JUNZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUFM 5.4%since Jan 2025JUNZ 9.9%
Return per unit of riskSharpe ratio, 3 years: BUFM 0.92since Jan 2025JUNZ 1.15
Worst fallMax drawdown, 5 years: BUFM −9.4%since Dec 2024JUNZ −17.9%
Market sensitivityBeta, 5 years: BUFM 0.40JUNZ 0.79; Market = 1

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