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CTJN vs DLMY: Cap, Buffer & Days Left

As of Oct 9, 2026 DLMY can fall 5.1% before its buffer engages and CTJN 2.6%, and DLMY resets 10 days sooner. Net assets on Oct 9, 2026: $1m for Corgi U.S. Equities 30% Structured Buffer ETF and $12m for FT Vest U.S. Equity Dual Directional Buffer ETF - May.

CTJN costs 0.55 points a year less; DLMY is 10.7 times larger.

CTJNDLMY
Expense ratio0.30%0.85%
Net assets$1m$12m
What it tracksSPYSPY
Holdings in commonnot published
CTJNBetween buffer and cap
Between buffer and capCTJN: reference +2.6% since period start, fund +2.5%; buffer 0 to −30; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.30 pts of buffer+11.5% more to the cap−30.0% floor0% period start+14.1% cap+2.6% gain capturedTODAY · SPY +2.6%Between buffer and capCTJN: reference +2.6% since period start, fund +2.5%; buffer 0 to −30; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.30 pts of buffer−30.0% floor0% start+14.1% cap+2.6% gain captured+11.5% more to the capTODAY · SPY +2.6%

CTJN: reference +2.6% since period start, fund +2.5%; buffer 0 to −30; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.

CTJN: reference +2.6% since period start, fund +2.5%; buffer 0 to −30; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.

DLMYBetween buffer and cap
Between buffer and capDLMY: reference +5.3% since period start, fund +4.4%; buffer 0 to −10; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.10 pts of buffer+5.3%+8.8% to cap−10.0% floor0% period start+14.1% capTODAY · SPY +5.3%Between buffer and capDLMY: reference +5.3% since period start, fund +4.4%; buffer 0 to −10; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.10 pts−10.0% floor0% start+14.1% cap+5.3% gain captured+8.8% more to the capTODAY · SPY +5.3%

DLMY: reference +5.3% since period start, fund +4.4%; buffer 0 to −10; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.

DLMY: reference +5.3% since period start, fund +4.4%; buffer 0 to −10; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. DLMY is a floor fund, which caps how far a holder can fall. CTJN 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

DLMY resets first, on May 21, 2027, 224 days from now; CTJN runs to May 31, 2027, 234 days. A fall from here reaches CTJN’s buffer after 2.6% and DLMY’s after 5.1%. 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
WindowCTJNDLMYCTJNDLMY
3 months+2.2%+2.7%−0.9 pts−0.5 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

CTJN
Corgi U.S. Equities 30% Structured Buffer ETF · Absorbs the first 30% of loss on SPY and caps the gain at 14.1%, over a period ending May 31, 2027
DLMY
FT Vest U.S. Equity Dual Directional Buffer ETF - May · Absorbs the first 10% of loss on SPY and caps the gain at 14.1%, over a period ending May 21, 2027
Issuer Corgi First Trust
Reference index SPY SPY
Buffer 30% 10%
Outcome period Jun 1, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027
Days left 234 224
Starting cap +14.1% +14.1%
Can still gain not published 8.4%
Fall before buffer 2.6% 5.1%
Protection left, index points 30.0% of 30.0% 10.0% of 10.0%
Index return this period +2.6% +5.3%
Fund return this period +2.5% +4.4%
State today Open Open
Expense ratio 0.30% 0.85%
Net assets $1m $12m

As of Oct 9, 2026. Source: ETFIQ.

CTJN 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: 30.0% of the 30.0% 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.

DLMY in plain words

From its price on Oct 9, 2026, the fund can gain about 8.4% more before it reaches its cap. The fund's price can fall 5.1% 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. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 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, CTJN or DLMY?
CTJN ends its outcome period on May 31, 2027 and DLMY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, CTJN or DLMY?
CTJN charges 0.30% a year and DLMY charges 0.85%, so CTJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
CTJN vs PMJNCTJN vs DDTZCTJN vs HJUNCTJN vs PBJNDLMY vs JUNPDLMY vs JUNTDLMY vs JUNWDLMY vs DMAY
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CTJN on its own →DLMY on its own →How every figure is computed →Standards and sources →
Where these figures came from
Corgi website ↗DLMY filings on SEC EDGAR ↗First Trust page for DLMY ↗

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, CTJN against DLMY, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/ctjn-vs-dlmy

Open data

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