QJUN vs QTR

QJUNCFT Vest Nasdaq-100 Buffer ETF - June

QTRBGlobal X Nasdaq 100 Tail Risk ETF

In short

QJUN One of four First Trust Nasdaq-100 buffer funds, each keyed to a different quarter. QJUN's clock runs June to June: the first 10% of a QQQ decline is absorbed, and upside stops at a cap that resets every June.

QTR QTR owns the Nasdaq-100 and buys puts 10% below the index, so it wears the first leg of a selloff and passes the deep-drop risk to the options market. Insurance you pay for, not a capped buffer.

Stated mandate

QJUN The Fund seeks to match the price return of the Invesco QQQ Trust, Series 1 up to a 24.97% upside cap while protecting against the first 10% of losses during the June 22, 2026–June 17, 2027 outcome period.

QTR QTR seeks to buffer market selloffs through a protective-put strategy that owns Nasdaq-100 stocks and buys 10% out-of-the-money puts on the Nasdaq-100 Index. It aims to generally track the Nasdaq-100 Quarterly Protective Put 90 Index's price and yield performance before fees and expenses.

Why people hold it

• QJUN The terms are a contract, not a hope: a 10% buffer against QQQ losses and a stated cap, both fixed for a June-to-June outcome period, so the shape of the trade is known up front.ftportfolios.com
• Siblings QMAR, QSPT and QDEC run the same design on different quarters, so the strategy can be laddered across start dates instead of hinging on one June entry point.
• Running since 2021 with a few hundred million in assets and regular daily volume, it is an established name in a category full of thinly used launches.

• QTR Protection is bought outright rather than funded by selling upside calls, so the trade-off is the running cost of the puts instead of a ceiling on gains.globalxetfs.com
• 0.25% a year, a fraction of the going rate in its Nasdaq-100 downside-protection peer group, where 0.50% (PGIM's Buffer 12 series) to 0.79% (QBUF) is typical.
• The puts roll on the quarterly schedule set by its index, so there is no defined outcome period to time an entry around.
• Holds the Nasdaq-100 stocks directly, roughly 100 names, and sits among the stronger implementations in its peer group.

Worth knowing

• QJUN At 0.90% it sits above the typical Nasdaq-100 buffer fund near 0.79%, and cheaper takes exist: QBUF at 0.79%, PQAP at 0.50%, QTR at 0.25%.
• The reference is QQQ's price return, so Nasdaq-100 dividends are outside the deal.
• Buying mid-period is a different trade: buffer left and room to the cap depend on where QQQ has moved since the June reset, not on the headline terms.ftportfolios.com

• QTR The puts sit 10% out of the money. The first 10% of an index drop is fully yours; the hedge only engages past that.
• You pay put premiums whether or not markets fall, a standing cost that weighs on results in calm and rising markets.
• A small fund that trades thinly next to the big buffer franchises, so spreads can run wider. Limit orders help.

Full QJUN profile⁠

Full QTR profile⁠