{"url":"https://etfiq.com/compare/buffer/aapr-vs-xmar","section":"compare","title":"AAPR vs XMAR: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 23, 2026 AAPR can gain 11.0% before its cap and XMAR 3.1%. Each can fall 4.2% and 8.3% before its buffer engages, on SPY.","as_of":"Oct 23, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, AAPR or XMAR?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 23, 2026, AAPR can gain about 11.0% before its cap and XMAR about 3.1%, so AAPR has more room left this period."}},{"@type":"Question","name":"Which resets first, AAPR or XMAR?","acceptedAnswer":{"@type":"Answer","text":"AAPR ends its outcome period on Mar 31, 2028 and XMAR on Mar 19, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, AAPR or XMAR?","acceptedAnswer":{"@type":"Answer","text":"AAPR charges 0.79% a year and XMAR charges 0.85%, so AAPR is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"AAPR vs XMAR","item":"https://etfiq.com/compare/buffer/aapr-vs-xmar"}]},{"@type":"WebPage","name":"AAPR vs XMAR: Cap, Buffer & Days Left","description":"As of Oct 23, 2026 AAPR can gain 11.0% before its cap and XMAR 3.1%. Each can fall 4.2% and 8.3% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/aapr-vs-xmar","dateModified":"2026-10-23","abstract":"As of Oct 23, 2026 XMAR can fall 8.3% before its buffer engages and AAPR 4.2%, and XMAR resets 378 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAPR and XMAR","description":"As of Oct 23, 2026 AAPR can gain 11.0% before its cap and XMAR 3.1%. Each can fall 4.2% and 8.3% before its buffer engages, on SPY.","dateModified":"2026-10-23","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/aapr-vs-xmar","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6870,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / AAPR vs XMAR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 23, 2026 .\n\n AAPR vs XMAR: Cap, Buffer & Days Left\n\n As of Oct 23, 2026 XMAR can fall 8.3% before its buffer engages and AAPR 4.2%, and XMAR resets 378 days sooner.\n Copy this for sharing \n \n AAPR costs 0.06 points a year less; their one-year returns differ by 4.2 points; XMAR is 2.2 times larger.\n AAPR and XMAR at a glance. As of Oct 23, 2026. Source: ETFIQ. AAPR XMAR \n Expense ratio 0.79% 0.85% \n Net assets $71m $159m \n Total return, 1 year +6.7% +10.9% \n What it tracks SPY SPY \n Hold","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AAPR against XMAR, data as of Oct 23, 2026. https://etfiq.com/compare/buffer/aapr-vs-xmar","a":{"ticker":"AAPR","name":"Innovator Equity Defined Protection ETF - Apr 2028","issuer":"Innovator","desk":"buffer","as_of":"2026-10-23","verdict":"Since Mar 31, 2026, AAPR returned 3.9%, against 16.9% for SPY. It can gain 11.0% more before its cap.","url":"https://etfiq.com/funds/aapr","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"11.0%","as_of":"2026-10-23","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"4.2%","as_of":"2026-10-23","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-23","source":null},{"label":"Days to reset","value":"525","as_of":"2026-10-23","source":null},{"label":"Net assets","value":"$71m","as_of":"2026-10-23","source":"issuer page, as of Oct 23, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-23","source":"issuer page, Oct 23, 2026"}]},"b":{"ticker":"XMAR","name":"FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March","issuer":"First Trust","desk":"buffer","as_of":"2026-10-23","verdict":"Since Mar 23, 2026, XMAR returned 8.1%, against 17.2% for SPY. It can gain 3.1% more before its cap.","url":"https://etfiq.com/funds/xmar","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"3.1%","as_of":"2026-10-23","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"8.3%","as_of":"2026-10-23","source":null},{"label":"Protection left, index points","value":"15.0%","as_of":"2026-10-23","source":null},{"label":"Days to reset","value":"147","as_of":"2026-10-23","source":null},{"label":"Net assets","value":"$159m","as_of":"2026-10-23","source":"issuer page, as of Oct 23, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-10-23","source":"issuer page, Oct 23, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/aapr-vs-xmar"}