CMAY vs DAPR: Cap, Buffer & Days Left
As of Oct 9, 2026 DAPR can fall 10.7% before its buffer engages and CMAY 7.7%, and DAPR resets 14 days sooner. Net assets on Oct 9, 2026: $2m for Corgi U.S. Equities 15% Structured Buffer ETF - May Series and $331m for FT Vest U.S. Equity Deep Buffer ETF - April.
CMAY costs 0.55 points a year less; DAPR is far larger, $331m against $2m.
| CMAY | DAPR | |
|---|---|---|
| Expense ratio | 0.30% | 0.85% |
| Net assets | $2m | $331m |
| Total return, 1 year | not published | +8.8% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 7.7% | 13.4% |
CMAY: reference +8.3% since period start, fund +5.2%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Figures to Oct 9, 2026.
CMAY: reference +8.3% since period start, fund +5.2%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Figures to Oct 9, 2026.
DAPR: reference +9.6% since period start, fund +5.4%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Figures to Oct 9, 2026.
DAPR: reference +9.6% since period start, fund +5.4%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Figures to Oct 9, 2026.
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 →
Where each one stands today
DAPR resets first, on Apr 16, 2027, 189 days from now; CMAY runs to Apr 30, 2027, 203 days. A fall from here reaches CMAY’s buffer after 7.7% and DAPR’s after 10.7%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CMAY | DAPR | CMAY | DAPR |
| 3 months | +2.0% | +2.4% | −1.1 pts | −0.7 pts |
| 6 months | not published | +5.3% | not published | −9.3 pts |
| 1 year | not published | +8.8% | not published | −7.2 pts |
| 3 years | not published | +37.4% | not published | −41.8 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
As of Oct 9, 2026. Source: ETFIQ.
CMAY in plain words
The fund's price can fall 7.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.7% 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. 203 days remained on Oct 9, 2026. On Apr 30, 2027 the period ends and a new cap is set.
DAPR in plain words
From its price on Oct 9, 2026, the fund can gain about 5.5% more before it reaches its cap. The fund's price can fall 10.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.4% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 189 days remained on Oct 9, 2026. On Apr 16, 2027 the period ends and a new cap is set.
Questions people ask
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.
ETFIQ, CMAY against DAPR, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/cmay-vs-dapr
ETFIQ. (Oct 9, 2026). CMAY against DAPR. Retrieved from https://etfiq.com/compare/buffer/cmay-vs-dapr
[CMAY against DAPR (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/buffer/cmay-vs-dapr)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.