Which resets first, APXM or MAYC?

APXM ends its outcome period on Apr 16, 2027 and MAYC on Apr 30, 2027. A new cap is set the day after each.

Which is cheaper, APXM or MAYC?

APXM charges 0.85% a year and MAYC charges 0.30%, so MAYC is cheaper. Fees come from each fund's prospectus.

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APXM vs MAYC: Cap, Buffer & Days Left

MAYC can fall 7.6% before its buffer engages as of Oct 12, 2026, and APXM 3.6% as of Oct 13, 2026. Net assets on Oct 12, 2026: $22m for FT Vest U.S. Equity Max Buffer ETF - April and $2m for Corgi U.S. Equities 10% Structured Buffer ETF - May Series.

MAYC costs 0.55 points a year less; APXM is 11.7 times larger.

Points (pts) are percentage points.

APXM vs MAYC: Cap, Buffer & Days Left
	APXM	MAYC
Expense ratio	0.85%	0.30%
Net assets, as of Oct 12, 2026	$22m	$2m
Total return, 1 year	+5.2%	not published
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	8.6%	7.6%

APXMAt its cap

APXM: reference +9.4% since period start, fund +2.9%; buffer 0 to −50; cap +7.0%; At its cap. Figures to Oct 13, 2026.

MAYCBetween buffer and cap

MAYC: reference +8.3% since period start, fund +6.4%; buffer 0 to −10; cap +13.5%; Between buffer and cap. Figures to Oct 12, 2026.

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

APXM 95

MAYC 37.3

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 →

APXM is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

APXM resets first, on Apr 16, 2027, 185 days from now; MAYC runs to Apr 30, 2027, 200 days. A fall from here reaches APXM’s buffer after 3.6% and MAYC’s after 7.6%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: APXM vs MAYC: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	APXM	MAYC	APXM	MAYC
3 months	+1.6%	+2.9%	−2.3 pts	−0.9 pts
6 months	+2.9%	not published	−10.5 pts	not published
1 year	+5.2%	not published	−13.9 pts	not published
Since launch Not the same days: APXM Apr 2025 · MAYC May 2026	+9.6%	+5.3%	−41.8 pts	−2.6 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

APXM

FT Vest U.S. Equity Max Buffer ETF - April · Absorbs the first 50% of loss on SPY and caps the gain at 7.0%, over a period ending Apr 16, 2027

MAYC

Corgi U.S. Equities 10% Structured Buffer ETF - May Series · Absorbs the first 10% of loss on SPY and caps the gain at 13.5%, over a period ending Apr 30, 2027

Issuer First Trust Corgi

Reference index SPY SPY

Buffer 50% 10%

Outcome period Apr 20, 2026 to Apr 16, 2027 May 1, 2026 to Apr 30, 2027

Days left 185 200

Starting cap +7.0% +13.5%

Can still gain 3.2% not published

Fall before buffer 3.6% 7.6%

Protection left, index points 50.1% of 50.1% 10.0% of 10.0%

Index return this period +9.4% +8.3%

Fund return this period +2.9% +6.4%

State today At cap Open

Expense ratio 0.85% 0.30%

Net assets, as of Oct 12, 2026 $22m $2m

As of Oct 13, 2026. Source: ETFIQ.

About APXM

SPY had already risen past this fund's cap of +7.0% for the period on Oct 13, 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 3.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 8.6% from today's level to the point where the buffer begins. Protection left, in index points: 50.1% of the 50.1% buffer still sits below today's SPY level. 185 days remained on Oct 13, 2026. On Apr 16, 2027 the period ends and a new cap is set.

About MAYC

The fund's price can fall 7.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.6% 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. 200 days remained on Oct 12, 2026. On Apr 30, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, APXM or MAYC?: APXM ends its outcome period on Apr 16, 2027 and MAYC on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, APXM or MAYC?: APXM charges 0.85% a year and MAYC charges 0.30%, so MAYC is cheaper. Fees come from each fund's prospectus.

Other comparisons

APXM vs HMAY APXM vs MAYU APXM vs XAPR APXM vs CPSM MAYC vs MAYP MAYC vs DDTY MAYC vs PBMY MAYC vs MAYU

State Street® SPDR® S&P 500® ETF Trust →APXM on its own →MAYC on its own →How every figure is computed →Standards and sources →

Where these figures came from

APXM filings on SEC EDGAR ↗First Trust page for APXM ↗MAYC filings on SEC EDGAR ↗Corgi website ↗

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 pageCitation, APA and Markdown

ETFIQ, APXM against MAYC, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/apxm-vs-mayc

Open data

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