CTJN vs GMAY: Cap, Buffer & Days Left

As of Oct 9, 2026 GMAY can fall 4.8% before its buffer engages and CTJN 2.6%, and GMAY resets 10 days sooner. Net assets on Oct 9, 2026: $1m for Corgi U.S. Equities 30% Structured Buffer ETF and $448m for FT Vest U.S. Equity Moderate Buffer ETF - May.

CTJN costs 0.55 points a year less; GMAY is far larger, $448m against $1m.

CTJNGMAY
Expense ratio0.30%0.85%
Net assets$1m$448m
Total return, 1 yearnot published+9.3%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer2.6%5.1%
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.

GMAYBetween buffer and cap
Between buffer and capGMAY: reference +5.3% since period start, fund +4.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.15 pts of buffer+5.3%+8.5% to cap−15.0% floor0% period start+13.8% capTODAY · SPY +5.3%Between buffer and capGMAY: reference +5.3% since period start, fund +4.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% start+13.8% cap+5.3% gain captured+8.5% more to the capTODAY · SPY +5.3%

GMAY: reference +5.3% since period start, fund +4.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.

GMAY: reference +5.3% since period start, fund +4.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · CTJN scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

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

GMAY 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 GMAY’s after 4.8%. 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
WindowCTJNGMAYCTJNGMAY
3 months+2.2%+2.4%−0.9 pts−0.8 pts
6 monthsnot published+5.7%not published−8.9 pts
1 yearnot published+9.3%not published−6.7 pts
3 yearsnot published+42.4%not published−36.7 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
GMAY
FT Vest U.S. Equity Moderate Buffer ETF - May · Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending May 21, 2027
Reference index SPY SPY
Buffer 30% 15%
Outcome period Jun 1, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027
Days left 234 224
Starting cap +14.1% +13.8%
Can still gain not published 8.5%
Fall before buffer 2.6% 4.8%
Protection left, index points 30.0% of 30.0% 15.0% of 15.0%
Index return this period +2.6% +5.3%
Fund return this period +2.5% +4.1%
State today Open Open
Expense ratio 0.30% 0.85%
Net assets $1m $448m

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.

GMAY in plain words

From its price on Oct 9, 2026, the fund can gain about 8.5% more before it reaches its cap. The fund's price can fall 4.8% 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: 15.0% of the 15.0% 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 GMAY?
CTJN ends its outcome period on May 31, 2027 and GMAY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, CTJN or GMAY?
CTJN charges 0.30% a year and GMAY charges 0.85%, so CTJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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.

Cite this page

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

Open data

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