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JUNP vs ZALT

PGIM S&P 500 Buffer 12 ETF - June

JUNPBCboe

Innovator U.S. Equity 10 Buffer ETF - Quarterly

ZALTACboe

Overlap

0.0%by weight

Expense ratio

JUNP −0.19pt a year

JUNP0.50%ZALT0.69%

Avg volume · 30D

ZALT 4.6×the volume

JUNP30.2KZALT138K

JUNP vs ZALT Performance

Oct 31, 2025 – Nov 2, 2026

+6.4%JUNP+6.9%ZALT

Oct 31, 2025 to Nov 2, 2026. JUNP +6.4%. ZALT +6.9%. Use the arrow keys to read each point.0%2%4%8%Oct 2025May 2026Nov 2026
Expense ratio
JUNP 0.50%, better
ZALT 0.69%
Fund size
JUNP $103M
ZALT $840M
1Y total return
JUNP +6.4%
ZALT +6.9%, better
Holdings
JUNP 4
ZALT 503
Avg volume (30D)
JUNP 30.2K sh
ZALT 138K sh, better
NAV per share
JUNP $32.15
ZALT $34.50
52W range

ETF.net Grade

JUNP: Cost 91, Risk 36, Mission not scored, Tradability 39, Holdings not scored, Durability 47. ZALT: Cost 82, Risk 79, Mission 80, Tradability 65, Holdings 90, Durability 61.
Pillar letters and Scores for JUNP, ZALT, with each pillar’s weight
PillarJUNPZALT
Cost30% weightA91HigherA82
Mission25% weightNot scoredA80
Risk15% weightD36A79Higher
Tradability15% weightD39B65Higher
Holdings10% weightNot scoredA90
Durability5% weightC47B61Higher

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

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. JUNP and ZALT 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 ›

ZALT ranks 1st and JUNP 7th of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
  2. Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 67
  3. Rank 5BJANPPGIM S&P 500 Buffer 12 ETF - JanuaryScore 64
  4. Rank 7BJUNPPGIM S&P 500 Buffer 12 ETF - JuneScore 63
  5. Rank 7BPQXPGIM S&P 500 Quarterly Buffer 10 ETFScore 63

Our read on each fund

ETF.net Research

JUNPBPGIM S&P 500 Buffer 12 ETF - June

ZALTAInnovator U.S. Equity 10 Buffer ETF - Quarterly

In short

JUNP No data

ZALT The defined-outcome trade on a three-month clock: ZALT follows SPY up to a cap and buffers the first 10% of a decline, then resets both every quarter. Four fresh caps a year, at a fee under the shallow-buffer median.

Stated mandate

JUNP No data

ZALT The fund seeks to follow SPY's return up to a predetermined cap while providing a 10% downside buffer over each three-month outcome period. It may be held indefinitely, with the defined outcomes resetting at the end of each period.

Why people hold it

JUNP No data

  • ZALT Resets on a quarterly clock: a new cap is set the first day of each calendar quarter and the 10% buffer starts over. Can be held indefinitely, no rolling into a new ticker.sec.govcboe.com
  • At 0.69% it undercuts the going rate for 10% buffer funds on the S&P 500, where peers like SIXZ, JULT and BJUN charge 0.74% to 0.79%.
  • The cushion is built from FLEX options on SPY itself, so the thing you are hedged against is the same fund most investors already watch.sec.gov
  • Sits among the stronger implementations in its shallow-buffer peer group on cost and ease of trading.

Worth knowing

JUNP No data

  • ZALT Three months of upside buys a lower ceiling. Each quarter's cap is priced off three-month options, so it lands well below what a 12-month buffer fund can offer.sec.gov
  • Buy mid-quarter and you inherit whatever cap and buffer are left, not the full 10%. The prospectus says so plainly.sec.gov
  • The fee comes out of the cushion: with the 0.69% fee counted, the prospectus puts the net buffer at 9.82% per period. No distributions so far, so return shows up in price.sec.gov

Full JUNP profile⁠

Full ZALT profile⁠

JUNP vs ZALT Holdings

How JUNP and ZALT differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of JUNP and 0.0% of ZALT.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for JUNP.

Country, concentration and asset class

Country by domicile

No country split for JUNP.

Concentration

Weight in the 10 largest Holdings

  • JUNP102.2%
  • ZALT37.7%

Securities held

  • JUNP3
  • ZALT503

Asset class

JUNP
Alternatives
ZALT
Equity

Holdings

  • Only in JUNP3
  • In both0
  • Only in ZALT503

Only in JUNP

3 securities, 100% of JUNP by weight

  • 4SPY Us 05/28/27 C7.5697.35%
  • 4SPY Us 05/28/27 P756.484.06%
  • Net Current Assets<0.01%

Only in ZALT

503 securities, 100% of ZALT by weight

  • Apple Inc7.59%
  • NVIDIA Corp7.47%
  • Microsoft Corp5.85%

Weight gaps

JUNP and ZALT share no securities.

All JUNP holdings⁠All ZALT 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.

JUNP vs ZALT Cost

Overpaying ZALT vs JUNP

$3,450

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

  • JUNP 0.50%

    $9,979

  • ZALT 0.69%

    $13,429

$10,000
30 years

Cost over time

  • JUNP 0.50%
  • ZALT 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ZALT $13,429JUNP $9,979

Year by year

YearJUNPZALTOverpaying
10$900$1,232$332
20$3,460$4,697$1,237
30$9,979$13,429$3,450

Expense ratio

  • 0.50%JUNP, cheaper
  • 0.69%ZALT
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

JUNP 5th cheapest of 77 funds

ZALT 14th cheapest of 77 funds

JUNP vs ZALT Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
JUNP None
ZALT None

Distribution history

JUNPAll JUNP payments⁠

No distribution history available.

ZALTAll ZALT payments⁠

No distribution history available.

JUNP vs ZALT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JUNP 5.9%since Jul 2024ZALT 3.8%
Return per unit of riskSharpe ratio, 3 years
JUNP 0.99since Jul 2024ZALT 1.50
Worst fallMax drawdown, 5 years
JUNP −11.2%since Jun 2024ZALT −8.2%since Oct 2023
Market sensitivityBeta, 5 years
JUNP 0.45ZALT 0.29

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