Data as of Nov 4, 2026.
BMAY vs MAYP: Cap, Buffer & Days Left
As of Nov 4, 2026 BMAY can fall 5.9% before its buffer engages and MAYP 5.7%.
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Net assets on Nov 4, 2026: $182m for Innovator U.S. Equity Buffer ETF - May and $37m for PGIM S&P 500 Buffer 12 ETF - May.
BMAY: reference +6.7% since period start, fund +5.8%; buffer 0 to −9; cap +16.9%; Between buffer and cap. Data to Nov 4, 2026.
BMAY: reference +6.7% since period start, fund +5.8%; buffer 0 to −9; cap +16.9%; Between buffer and cap. Data to Nov 4, 2026.MAYP: reference +6.7% since period start, fund +5.5%; buffer 0 to −12; cap +14.9%; Between buffer and cap. Data to Nov 4, 2026.
MAYP: reference +6.7% since period start, fund +5.5%; buffer 0 to −12; cap +14.9%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
MAYP costs 0.29 points a year less; their one-year returns differ by 0.8 points; BMAY is 4.9 times larger.
Points (pts) are percentage points.
| Measure | BMAY | MAYP |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.9% | +10.1% |
| Drawdown | ||
| Index fall to the buffer | 6.2% | 6.3% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.50% |
| Net assets | $182m | $37m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | BMAY | MAYP | BMAY | MAYP |
| 3 months | +0.8% | +1.0% | +1.2 pts | +1.4 pts |
| 6 months | +4.5% | +4.3% | 0.0 pts | −0.2 pts |
| 1 year | +10.9% | +10.1% | −2.6 pts | −3.4 pts |
| 3 years | +54.8% | – | −21.6 pts | – |
| Since launchNot the same days: BMAY May 2020 · MAYP May 2024 | +93.8% | +33.9% | −77.4 pts | −19.4 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
BMAY resets first, on Apr 30, 2027, 177 days from now; MAYP runs to Apr 30, 2027, 177 days. BMAY can still gain 10.1% before its cap, MAYP 8.4%. A fall from here reaches BMAY’s buffer after 5.9% and MAYP’s after 5.7%. Both track SPY, so what separates them is where each is in its own period.
BMAY
From its price on Nov 4, 2026, the fund can gain about 10.1% more before it reaches its cap. The fund's price can fall 5.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.2% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.
MAYP
From its price on Nov 4, 2026, the fund can gain about 8.4% more before it reaches its cap. The fund's price can fall 5.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.3% 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.
Questions people ask
Links are sources, not endorsements. 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 number 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 number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BMAY against MAYP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bmay-vs-mayp
ETFIQ. (Nov 4, 2026). BMAY against MAYP. Retrieved from https://etfiq.com/compare/buffer/bmay-vs-mayp
[BMAY against MAYP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/bmay-vs-mayp)
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