Data as of Nov 4, 2026.
DAPR vs PMMY: Cap, Buffer & Days Left
As of Nov 4, 2026 DAPR can fall 10.4% before its buffer engages and PMMY 2.9%, and DAPR resets 14 days sooner.
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Net assets: $334m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - April, and $5.4m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - May.
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.PMMY: reference +6.7% since period start, fund +2.5%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PMMY costs 0.35 points a year less; their one-year returns differ by 3.3 points; DAPR is far larger, $334m against $5.4m.
Points (pts) are percentage points.
| Measure | DAPR | PMMY |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.4% | +5.1% |
| Drawdown | ||
| Index fall to the buffer | 12.0% | 6.3% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.50% |
| Net assets, as of Nov 3, 2026 | $334m | $5.4m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DAPR | PMMY | DAPR | PMMY |
| 3 months | +1.1% | +1.0% | +1.5 pts | +1.4 pts |
| 6 months | +3.7% | +2.3% | −0.8 pts | −2.2 pts |
| 1 year | +8.4% | +5.1% | −5.2 pts | −8.5 pts |
| 3 years | +36.5% | – | −39.9 pts | – |
| Since launchNot the same days: DAPR Apr 2021 · PMMY May 2025 | +39.9% | +8.8% | −44.8 pts | −28.5 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. PMMY 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; PMMY runs to Apr 30, 2027, 177 days. DAPR can still gain 5.9% before its cap, PMMY 3.9%. A fall from here reaches DAPR’s buffer after 10.4% and PMMY’s after 2.9%. Both track SPY, so what separates them is where each is in its own period.
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.
PMMY
From its price on Nov 4, 2026, the fund can gain about 3.9% more before it reaches its cap. The fund's price can fall 2.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.3% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.
Questions people ask
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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.
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ETFIQ, DAPR against PMMY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dapr-vs-pmmy
ETFIQ. (Nov 4, 2026). DAPR against PMMY. Retrieved from https://etfiq.com/compare/buffer/dapr-vs-pmmy
[DAPR against PMMY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/dapr-vs-pmmy)
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