CTMA vs MAYU: Cap, Buffer & Days Left

CTMA can fall 7.0% before its buffer engages as of Oct 12, 2026, and MAYU 6.3% as of Oct 13, 2026. Net assets on Oct 12, 2026: $2m for Corgi U.S. Equities 30% Structured Buffer ETF - May Series and $45m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - May.

CTMA costs 0.44 points a year less; MAYU is far larger, $45m against $2m.

Points (pts) are percentage points.

CTMA vs MAYU: Cap, Buffer & Days Left
CTMAMAYU
Expense ratio0.30%0.74%
Net assets, as of Oct 12, 2026$2m$45m
Total return, 1 yearnot published+15.2%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer7.0%7.5%
CTMABetween buffer and cap
Between buffer and capCTMA: reference +7.5% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 12, 2026.30 pts of buffer+7.5% gained−30.0% floor0% period start+11.5% cap+4% more to the capTODAY · SPY +7.5%Between buffer and capCTMA: reference +7.5% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 12, 2026.30 pts of buffer−30.0% floor0% start+11.5% cap+7.5% gain captured+4% more to the capTODAY · SPY +7.5%

CTMA: reference +7.5% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 12, 2026.

CTMA: reference +7.5% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 12, 2026.

MAYUNo cap
No capMAYU: reference +8.2% since period start, fund +5.9%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.15 pts of buffer−15.0% floor0% period startno cap+8.2% gained, no capTODAY · SPY +8.2%No capMAYU: reference +8.2% since period start, fund +5.9%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.15 pts−15.0% floor0% startno cap+8.2% gained, no capTODAY · SPY +8.2%

MAYU: reference +8.2% since period start, fund +5.9%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.

MAYU: reference +8.2% since period start, fund +5.9%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.

ETFIQ Downside Cover Score · MAYU 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

MAYU resets first, on Apr 30, 2027, 199 days from now; CTMA runs to Apr 30, 2027, 200 days. A fall from here reaches CTMA’s buffer after 7.0% and MAYU’s after 6.3%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: CTMA vs MAYU: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowCTMAMAYUCTMAMAYU
3 months+2.2%+2.5%−1.6 pts−1.4 pts
6 monthsnot published+11.1%not published−2.3 pts
1 yearnot published+15.2%not published−4.0 pts
Since launch
Not the same days: CTMA May 2026 · MAYU May 2024
+3.0%+40.2%−3.0 pts−15.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

CTMA
Corgi U.S. Equities 30% Structured Buffer ETF - May Series · Absorbs the first 30% of loss on SPY and caps the gain at 11.5%, over a period ending Apr 30, 2027
MAYU
AllianzIM U.S. Equity Buffer15 Uncapped ETF - May · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Apr 30, 2027
Reference index SPY SPY
Buffer 30% 15%
Outcome period May 1, 2026 to Apr 30, 2027 May 1, 2026 to Apr 30, 2027
Days left 200 199
Starting cap +11.5% uncapped
Can still gain not published uncapped
Fall before buffer 7.0% 6.3%
Protection left, index points 30.0% of 30.0% 15.0% of 15.0%
Index return this period +7.5% +8.2%
Fund return this period +4.4% +5.9%
State today Open Uncapped
Expense ratio 0.30% 0.74%
Net assets, as of Oct 12, 2026 $2m $45m

As of Oct 13, 2026. Source: ETFIQ.

About CTMA

The fund's price can fall 7.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.0% 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. 200 days remained on Oct 12, 2026. On Apr 30, 2027 the period ends and a new cap is set.

About MAYU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 6.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.5% 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. 199 days remained on Oct 13, 2026. On Apr 30, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, CTMA or MAYU?
CTMA ends its outcome period on Apr 30, 2027 and MAYU on Apr 30, 2027. New terms are set the day after each.
Which is cheaper, CTMA or MAYU?
CTMA charges 0.30% a year and MAYU charges 0.74%, so CTMA 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 pageCitation, APA and Markdown

ETFIQ, CTMA against MAYU, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/ctma-vs-mayu

Open data

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