Which has more room to gain, BMAY or MAYT?

From their prices on Oct 2, 2026, BMAY can gain about 10.3% before its cap and MAYT about 9.4%, so BMAY has more room left this period.

Which resets first, BMAY or MAYT?

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

Which is cheaper, BMAY or MAYT?

BMAY charges 0.79% a year and MAYT charges 0.74%, so MAYT is cheaper. Fees come from each fund's prospectus.

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BMAY vs MAYT: which one stands where?

As of Oct 2, 2026 MAYT can fall 6.1% before its buffer engages and BMAY 5.8%. Innovator U.S. Equity Buffer ETF - May and AllianzIM U.S. Equity Buffer10 ETF - May.

MAYT costs 0.05 points a year less; their one-year returns differ by 0.3 points.

	BMAY	MAYT
Expense ratio	0.79%	0.74%
Net assets	$239m	$239m
Total return, 1 year	+11.1%	+10.8%
What it tracks	SPY	SPY
Holdings in common	not published

5.8%

BMAY can fall this far before its buffer

6.1%

MAYT can fall this far before its buffer

10.3%

BMAY can still gain

9.4%

MAYT can still gain

BMAYBetween buffer and cap

BMAY: reference +7.1% since period start, fund +5.7%; buffer 0 to −9; cap +16.9%; Between buffer and cap.

MAYTBetween buffer and cap

MAYT: reference +7.1% since period start, fund +5.7%; buffer 0 to −10; cap +16.3%; Between buffer and cap.

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

BMAY 16.5

MAYT 35.9

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

A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

BMAY resets first, on Apr 30, 2027, 210 days from now; MAYT runs to Apr 30, 2027, 210 days. BMAY can still gain 10.3% before its cap, MAYT 9.4%. A fall from here reaches BMAY’s buffer after 5.8% and MAYT’s after 6.1%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	BMAY	MAYT	BMAY	MAYT
3 months	+3.0%	+2.8%	−0.6 pts	−0.8 pts
6 months	+8.1%	+7.8%	−9.8 pts	−10.2 pts
1 year	+11.1%	+10.8%	−5.1 pts	−5.5 pts
3 years	+58.6%	+56.9%	−30.7 pts	−32.4 pts

BMAY and MAYT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BMAY

Innovator U.S. Equity Buffer ETF - May · Absorbs the first 9% of loss on SPY and caps the gain at 16.9%, over a period ending Apr 30, 2027

MAYT

AllianzIM U.S. Equity Buffer10 ETF - May · Absorbs the first 10% of loss on SPY and caps the gain at 16.3%, over a period ending Apr 30, 2027

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 9% 10%

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

Days left 210 210

Starting cap +16.9% +16.3%

Can still gain 10.3% 9.4%

Fall before buffer 5.8% 6.1%

Protection left, index points 9.0% of 9.0% 10.0% of 10.0%

Index return this period +7.1% +7.1%

Fund return this period +5.7% +5.7%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets $239m $239m

BMAY and MAYT on the same fields, as of Oct 2, 2026. Source: ETFIQ.

BMAY in plain words

From its price on Oct 2, 2026, the fund can gain about 10.3% more before it reaches its cap. The fund's price can fall 5.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 6.6% 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. 210 days remained on Oct 2, 2026. On Apr 30, 2027 the period ends and a new cap is set.

MAYT in plain words

From its price on Oct 2, 2026, the fund can gain about 9.4% more before it reaches its cap. The fund's price can fall 6.1% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BMAY or MAYT?: From their prices on Oct 2, 2026, BMAY can gain about 10.3% before its cap and MAYT about 9.4%, so BMAY has more room left this period.
Which resets first, BMAY or MAYT?: BMAY ends its outcome period on Apr 30, 2027 and MAYT on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, BMAY or MAYT?: BMAY charges 0.79% a year and MAYT charges 0.74%, so MAYT is cheaper. Fees come from each fund's prospectus.

Other comparisons

BMAY vs GAPR BMAY vs HMAY BMAY vs MAYC BMAY vs MAYP MAYT vs PBMY MAYT vs PMMY MAYT vs UMAY MAYT vs XAPR

SPY →BMAY on its own →MAYT on its own →How every figure is computed →Standards and sources →

Where these figures came from

BMAY filings on SEC EDGAR ↗Innovator page for BMAY ↗MAYT filings on SEC EDGAR ↗AllianzIM page for MAYT ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BMAY against MAYT, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bmay-vs-mayt

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.