Which has more room to gain, APRT or GMAR?

From their prices on Oct 9, 2026, APRT can gain about 4.5% before its cap and GMAR about 3.4%, so APRT has more room left this period.

Which resets first, APRT or GMAR?

APRT ends its outcome period on Mar 31, 2027 and GMAR on Mar 19, 2027. A new cap is set the day after each.

Which is cheaper, APRT or GMAR?

APRT charges 0.74% a year and GMAR charges 0.85%, so APRT is cheaper. Fees come from each fund's prospectus.

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APRT vs GMAR: Cap, Buffer & Days Left

As of Oct 9, 2026 APRT can fall 11.1% before its buffer engages and GMAR 9.5%, and GMAR resets 12 days sooner. Net assets: $47m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Apr, and $428m on Oct 9, 2026 for FT Vest U.S. Equity Moderate Buffer ETF - March.

APRT costs 0.11 points a year less; their one-year returns differ by 3.1 points; GMAR is 9.1 times larger.

	APRT	GMAR
Expense ratio	0.74%	0.85%
Net assets, as of Oct 8, 2026	$47m	$428m
Total return, 1 year	+16.3%	+13.2%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	16.5%	16.7%

11.1%

APRT can fall this far before its buffer

9.5%

GMAR can fall this far before its buffer

4.5%

APRT can still gain

3.4%

GMAR can still gain

APRTAt its cap

APRT: reference +19.7% since period start, fund +11.6%; buffer 0 to −10; cap +17.3%; At its cap. Figures to Oct 9, 2026.

GMARAt its cap

GMAR: reference +20.0% since period start, fund +9.6%; buffer 0 to −15; cap +14.1%; At its cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · GMAR scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

APRT 17

GMAR 48.8

0.2, the lowest in this set99.8, the highest

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

GMAR resets first, on Mar 19, 2027, 161 days from now; APRT runs to Mar 31, 2027, 173 days. APRT can still gain 4.5% before its cap, GMAR 3.4%. A fall from here reaches APRT’s buffer after 11.1% and GMAR’s after 9.5%. 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	APRT	GMAR	APRT	GMAR
3 months	+2.9%	+2.3%	−0.3 pts	−0.8 pts
6 months	+8.4%	+6.5%	−6.2 pts	−8.1 pts
1 year	+16.3%	+13.2%	+0.3 pts	−2.9 pts
3 years	+51.9%	+42.3%	−27.3 pts	−36.9 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

APRT

AllianzIM U.S. Equity Buffer10 ETF - Apr · Absorbs the first 10% of loss on SPY and caps the gain at 17.3%, over a period ending Mar 31, 2027

GMAR

FT Vest U.S. Equity Moderate Buffer ETF - March · Absorbs the first 15% of loss on SPY and caps the gain at 14.1%, over a period ending Mar 19, 2027

Issuer AllianzIM First Trust

Reference index SPY SPY

Buffer 10% 15%

Outcome period Apr 1, 2026 to Mar 31, 2027 Mar 23, 2026 to Mar 19, 2027

Days left 173 161

Starting cap +17.3% +14.1%

Can still gain 4.5% 3.4%

Fall before buffer 11.1% 9.5%

Protection left, index points 10.0% of 10.0% 15.0% of 15.0%

Index return this period +19.7% +20.0%

Fund return this period +11.6% +9.6%

State today At cap At cap

Expense ratio 0.74% 0.85%

Net assets, APRT as of Oct 8, 2026 and GMAR as of Oct 9, 2026 $47m $428m

As of Oct 9, 2026. Source: ETFIQ.

APRT in plain words

SPY had already risen past this fund's cap of +17.3% 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 4.5% as the period runs out. The fund's price can fall 11.1% 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: 10.0% of the 10.0% 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.

GMAR in plain words

SPY had already risen past this fund's cap of +14.1% 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 3.4% as the period runs out. The fund's price can fall 9.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 16.7% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% 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

Which has more room to gain, APRT or GMAR?: From their prices on Oct 9, 2026, APRT can gain about 4.5% before its cap and GMAR about 3.4%, so APRT has more room left this period.
Which resets first, APRT or GMAR?: APRT ends its outcome period on Mar 31, 2027 and GMAR on Mar 19, 2027. A new cap is set the day after each.
Which is cheaper, APRT or GMAR?: APRT charges 0.74% a year and GMAR charges 0.85%, so APRT is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRT vs FMAR APRT vs SIXO APRT vs MARM APRT vs APOC GMAR vs UAPR GMAR vs BAPR GMAR vs PMAP GMAR vs PAPR

SPDR® S&P 500® ETF Trust →APRT on its own →GMAR on its own →How every figure is computed →Standards and sources →

Where these figures came from

APRT filings on SEC EDGAR ↗AllianzIM page for APRT ↗GMAR filings on SEC EDGAR ↗First Trust page for GMAR ↗

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.

Cite this page

ETFIQ, APRT against GMAR, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/aprt-vs-gmar

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.