APRP vs DMAR: Cap, Buffer & Days Left
As of Oct 9, 2026 DMAR can fall 13.4% before its buffer engages and APRP 10.5%, and DMAR resets 12 days sooner. Net assets on Oct 9, 2026: $32m for PGIM S&P 500 Buffer 12 ETF - April and $466m for FT Vest U.S. Equity Deep Buffer ETF - March.
APRP costs 0.35 points a year less; their one-year returns differ by 3.0 points; DMAR is 14.4 times larger.
Points (pts) are percentage points.
| APRP | DMAR | |
|---|---|---|
| Expense ratio | 0.50% | 0.85% |
| Net assets | $32m | $466m |
| Total return, 1 year | +15.5% | +12.5% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 16.5% | 20.9% |
APRP: reference +19.7% since period start, fund +11.2%; buffer 0 to −12; cap +16.6%; At its cap. Figures to Oct 9, 2026.
APRP: reference +19.7% since period start, fund +11.2%; buffer 0 to −12; cap +16.6%; At its cap. Figures to Oct 9, 2026.
DMAR: reference +20.0% since period start, fund +8.7%; buffer −5 to −30; cap +13.1%; At its cap. Figures to Oct 9, 2026.
DMAR: reference +20.0% since period start, fund +8.7%; buffer −5 to −30; cap +13.1%; At its cap. Figures to Oct 9, 2026.
A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →
Both are already at their cap, so neither gains from more rise in the index before the period ends.
Where each one stands today
DMAR resets first, on Mar 19, 2027, 161 days from now; APRP runs to Mar 31, 2027, 173 days. APRP can still gain 4.4% before its cap, DMAR 3.2%. A fall from here reaches APRP’s buffer after 10.5% and DMAR’s after 13.4%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | APRP | DMAR | APRP | DMAR |
| 3 months | +2.8% | +2.3% | −0.3 pts | −0.8 pts |
| 6 months | +7.9% | +6.2% | −6.7 pts | −8.3 pts |
| 1 year | +15.5% | +12.5% | −0.5 pts | −3.5 pts |
| 3 years | not published | +41.7% | not published | −37.5 pts |
| Since launch Not the same days: APRP Apr 2024 · DMAR Mar 2021 | +34.5% | +54.2% | −14.6 pts | −44.1 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
About APRP
SPY had already risen past this fund's cap of +16.6% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.4% as the period runs out. The fund's price can fall 10.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 16.5% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 173 days remained on Oct 9, 2026. On Mar 31, 2027 the period ends and a new cap is set.
About DMAR
SPY had already risen past this fund's cap of +13.1% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.2% as the period runs out. The fund's price can fall 13.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 20.9% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 161 days remained on Oct 9, 2026. On Mar 19, 2027 the period ends and a new cap is set.
Questions people ask
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.
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ETFIQ, APRP against DMAR, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/aprp-vs-dmar
ETFIQ. (Oct 9, 2026). APRP against DMAR. Retrieved from https://etfiq.com/compare/buffer/aprp-vs-dmar
[APRP against DMAR (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/buffer/aprp-vs-dmar)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.