{"url":"https://etfiq.com/compare/buffer/apxm-vs-zmay","section":"compare","title":"APXM vs ZMAY: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 22, 2026 APXM can gain 3.4% before its cap and ZMAY 4.3%. Each can fall 3.4% and 2.8% before its buffer engages, on SPY.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, APXM or ZMAY?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 22, 2026, APXM can gain about 3.4% before its cap and ZMAY about 4.3%, so ZMAY has more room left this period."}},{"@type":"Question","name":"Which resets first, APXM or ZMAY?","acceptedAnswer":{"@type":"Answer","text":"APXM ends its outcome period on Apr 16, 2027 and ZMAY on Apr 30, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, APXM or ZMAY?","acceptedAnswer":{"@type":"Answer","text":"APXM charges 0.85% a year and ZMAY charges 0.79%, so ZMAY 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":"APXM vs ZMAY","item":"https://etfiq.com/compare/buffer/apxm-vs-zmay"}]},{"@type":"WebPage","name":"APXM vs ZMAY: Cap, Buffer & Days Left","description":"As of Oct 22, 2026 APXM can gain 3.4% before its cap and ZMAY 4.3%. Each can fall 3.4% and 2.8% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/apxm-vs-zmay","dateModified":"2026-10-22","abstract":"As of Oct 22, 2026 APXM can fall 3.4% before its buffer engages and ZMAY 2.8%, and APXM resets 14 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 APXM and ZMAY","description":"As of Oct 22, 2026 APXM can gain 3.4% before its cap and ZMAY 4.3%. Each can fall 3.4% and 2.8% before its buffer engages, on SPY.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/apxm-vs-zmay","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":6551,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / APXM vs ZMAY \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n APXM vs ZMAY: Cap, Buffer & Days Left\n\n As of Oct 22, 2026 APXM can fall 3.4% before its buffer engages and ZMAY 2.8%, and APXM resets 14 days sooner.\n Copy this for sharing \n \n ZMAY costs 0.06 points a year less; their one-year returns differ by 0.2 points; ZMAY is 3.8 times larger.\n APXM and ZMAY at a glance. As of Oct 22, 2026. Source: ETFIQ. APXM ZMAY \n Expense ratio 0.85% 0.79% \n Net assets $22m $83m \n Total return, 1 year +4.8% +5.0% \n What it tracks SPY SPY \n Holding","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, APXM against ZMAY, data as of Oct 22, 2026. https://etfiq.com/compare/buffer/apxm-vs-zmay","a":{"ticker":"APXM","name":"FT Vest U.S. Equity Max Buffer ETF - April","issuer":"First Trust","desk":"buffer","as_of":"2026-10-22","verdict":"Since Apr 20, 2026, APXM returned 2.7%, against 7.6% for SPY. It can gain 3.4% more before its cap.","url":"https://etfiq.com/funds/apxm","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"3.4%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"3.4%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"50.1%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"176","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$22m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"ZMAY","name":"Innovator Equity Defined Protection ETF - 1 Yr May","issuer":"Innovator","desk":"buffer","as_of":"2026-10-22","verdict":"Since Apr 30, 2026, ZMAY returned 2.5%, against 6.3% for SPY. It can gain 4.3% more before its cap.","url":"https://etfiq.com/funds/zmay","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"4.3%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"2.8%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"190","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$83m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-22","source":"issuer page, Oct 22, 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/apxm-vs-zmay"}