Data as of Nov 4, 2026.
DAPR vs HMAY: Cap, Buffer & Days Left
DAPR can fall 10.4% before its buffer engages as of Nov 4, 2026, and HMAY 4.1% as of Nov 3, 2026.
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Net assets: $334m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - April, and $1.9m on Nov 4, 2026 for Corgi U.S. Equities 100% Structured Buffer ETF - May Series.
DAPR: reference +8.0% since period start, fund +5.0%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Data to Nov 4, 2026.
DAPR: reference +8.0% since period start, fund +5.0%; buffer −5 to −30; cap +12.0%; Between buffer and cap. Data to Nov 4, 2026.HMAY: reference +4.2% since period start, fund +2.0%; buffer Floor; cap +6.5%; Full floor. Data to Nov 3, 2026.
Data to Nov 3, 2026.Pair scorecard
HMAY costs 0.55 points a year less; DAPR is far larger, $334m against $1.9m.
Points (pts) are percentage points.
| Measure | DAPR | HMAY |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.4% | not published |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.30% |
| Net assets, as of Nov 3, 2026 | $334m | $1.9m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
May 15, 2026 to Oct 30, 2026 · 24 weekly returnsFrom May 2026 to Oct 2026, DAPR returned more: +2.9% to +0.7%. HMAY fell less at its worst: −0.5% to −1.0%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | DAPR | HMAY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +2.9% | +0.7% | DAPR | Price change plus distributions, reinvested. |
| Price return | +2.9% | +0.7% | DAPR | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −1.0% | −0.5% | HMAY | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 24 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DAPR | HMAY | DAPR | HMAY |
| 3 months | +1.1% | +0.8% | +1.5 pts | +1.1 pts |
| 6 months | +3.7% | +1.3% | −0.8 pts | −3.2 pts |
| 1 year | +8.4% | – | −5.2 pts | – |
| 3 years | +36.5% | – | −39.9 pts | – |
| Since launchNot the same days: DAPR Apr 2021 · HMAY May 2026 | +39.9% | +1.3% | −44.8 pts | −3.2 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. HMAY is a floor fund, which caps how far a holder can fall. DAPR 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
DAPR resets first, on Apr 16, 2027, 163 days from now; HMAY runs to Apr 30, 2027, 178 days. A fall from here reaches DAPR’s buffer after 10.4% and HMAY’s after 4.1%. Both track SPY, so what separates them is where each is in its own period.
No client brief for this pair: ETFIQ prints no one-year total return for HMAY.
DAPR
From its price on Nov 4, 2026, the fund can gain about 5.9% more before it reaches its cap. The fund's price can fall 10.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 12.0% 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. 163 days remained on Nov 4, 2026. On Apr 16, 2027 the period ends and a new cap is set.
HMAY
The fund's price can fall 4.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 4.1% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 178 days remained on Nov 3, 2026. On Apr 30, 2027 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
ETFIQ calculates every number 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 number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, DAPR against HMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dapr-vs-hmay
ETFIQ. (Nov 4, 2026). DAPR against HMAY. Retrieved from https://etfiq.com/compare/buffer/dapr-vs-hmay
[DAPR against HMAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/dapr-vs-hmay)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.