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CJUN vs XMAY: Cap, Buffer & Days Left

As of Oct 9, 2026 XMAY can fall 4.7% before its buffer engages and CJUN 2.6%, and XMAY resets 10 days sooner. Net assets on Oct 9, 2026: $1m for Corgi U.S. Equities 15% Structured Buffer ETF and $20m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May.

CJUN costs 0.55 points a year less; XMAY is 13.8 times larger.

CJUNXMAY
Expense ratio0.30%0.85%
Net assets$1m$20m
Total return, 1 yearnot published+8.5%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer2.6%5.1%
CJUNBetween buffer and cap
Between buffer and capCJUN: reference +2.6% since period start, fund +3.1%; buffer 0 to −15; cap +13.9%; Between buffer and cap. Figures to Oct 9, 2026.15 pts of buffer+2.6%+11.3% more to the cap−15.0% floor0% period start+13.9% capTODAY · SPY +2.6%Between buffer and capCJUN: reference +2.6% since period start, fund +3.1%; buffer 0 to −15; cap +13.9%; Between buffer and cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% start+13.9% cap+2.6% gain captured+11.3% more to the capTODAY · SPY +2.6%

CJUN: reference +2.6% since period start, fund +3.1%; buffer 0 to −15; cap +13.9%; Between buffer and cap. Figures to Oct 9, 2026.

CJUN: reference +2.6% since period start, fund +3.1%; buffer 0 to −15; cap +13.9%; Between buffer and cap. Figures to Oct 9, 2026.

XMAYBetween buffer and cap
Between buffer and capXMAY: reference +5.3% since period start, fund +4.0%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Figures to Oct 9, 2026.15 pts of buffer+5.3% gained+5.7% to cap−15.0% floor0% period start+11.0% capTODAY · SPY +5.3%Between buffer and capXMAY: reference +5.3% since period start, fund +4.0%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% start+11.0% cap+5.3% gain captured+5.7% more to the capTODAY · SPY +5.3%

XMAY: reference +5.3% since period start, fund +4.0%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

These are two different products. XMAY is a floor fund, which caps how far a holder can fall. CJUN is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

XMAY resets first, on May 21, 2027, 224 days from now; CJUN runs to May 31, 2027, 234 days. A fall from here reaches CJUN’s buffer after 2.6% and XMAY’s after 4.7%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference's price return
WindowCJUNXMAYCJUNXMAY
3 months+2.4%+2.5%−0.8 pts−0.6 pts
6 monthsnot published+4.8%not published−9.8 pts
1 yearnot published+8.5%not published−7.5 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

CJUN
Corgi U.S. Equities 15% Structured Buffer ETF · Absorbs the first 15% of loss on SPY and caps the gain at 13.9%, over a period ending May 31, 2027
XMAY
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May · Absorbs the first 15% of loss on SPY and caps the gain at 11.0%, over a period ending May 21, 2027
Issuer Corgi First Trust
Reference index SPY SPY
Buffer 15% 15%
Outcome period Jun 1, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027
Days left 234 224
Starting cap +13.9% +11.0%
Can still gain not published 5.9%
Fall before buffer 2.6% 4.7%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +2.6% +5.3%
Fund return this period +3.1% +4.0%
State today Open Open
Expense ratio 0.30% 0.85%
Net assets $1m $20m

As of Oct 9, 2026. Source: ETFIQ.

CJUN in plain words

The fund's price can fall 2.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.6% 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. 234 days remained on Oct 9, 2026. On May 31, 2027 the period ends and a new cap is set.

XMAY in plain words

From its price on Oct 9, 2026, the fund can gain about 5.9% more before it reaches its cap. The fund's price can fall 4.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 5.1% from today's level to the point where the buffer begins. 224 days remained on Oct 9, 2026. On May 21, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, CJUN or XMAY?
CJUN ends its outcome period on May 31, 2027 and XMAY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, CJUN or XMAY?
CJUN charges 0.30% a year and XMAY charges 0.85%, so CJUN is cheaper. Fees come from each fund's prospectus.
Other comparisons
CJUN vs CPSUCJUN vs DDTZCJUN vs PMJNCJUN vs MAYMXMAY vs CTJNXMAY vs HJUNXMAY vs DLMYXMAY vs CPSU
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CJUN on its own →XMAY on its own →How every figure is computed →Standards and sources →
Where these figures came from
Corgi website ↗XMAY filings on SEC EDGAR ↗First Trust page for XMAY ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

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, CJUN against XMAY, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/cjun-vs-xmay

Open data

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