Data as of Nov 4, 2026.
DMAY vs JNEU: Cap, Buffer & Days Left
As of Nov 4, 2026 DMAY can fall 8.7% before its buffer engages and JNEU 0.9%, and DMAY resets 10 days sooner.
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Net assets on Nov 3, 2026: $390m for FT Vest U.S. Equity Deep Buffer ETF - May and $42m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun.
DMAY: reference +3.7% since period start, fund +3.1%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.
DMAY: reference +3.7% since period start, fund +3.1%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.JNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
JNEU: reference +1.4% since period start, fund +0.2%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.Pair scorecard
JNEU costs 0.11 points a year less; their one-year returns differ by 2.6 points; DMAY is 9.3 times larger.
Points (pts) are percentage points.
| Measure | DMAY | JNEU |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.3% | +10.9% |
| Drawdown | ||
| Index fall to the buffer | 8.4% | 1.3% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.74% |
| Net assets, as of Nov 3, 2026 | $390m | $42m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DMAY | JNEU | DMAY | JNEU |
| 3 months | +0.5% | −0.9% | +0.9 pts | −0.5 pts |
| 6 months | +3.2% | +3.2% | −1.3 pts | −1.3 pts |
| 1 year | +8.3% | +10.9% | −5.2 pts | −2.7 pts |
| 3 years | +40.5% | – | −35.9 pts | – |
| Since launchNot the same days: DMAY May 2020 · JNEU Jun 2024 | +56.5% | +34.1% | −103.4 pts | −11.2 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.
Where each one stands today
DMAY resets first, on May 21, 2027, 198 days from now; JNEU runs to May 31, 2027, 208 days. A fall from here reaches DMAY’s buffer after 8.7% and JNEU’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.
DMAY
From its price on Nov 4, 2026, the fund can gain about 9.3% more before it reaches its cap. The fund's price can fall 8.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 8.4% 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. 198 days remained on Nov 4, 2026. On May 21, 2027 the period ends and a new cap is set.
JNEU
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and new terms are set.
Questions people ask
Links are sources, not endorsements. 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 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, DMAY against JNEU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dmay-vs-jneu
ETFIQ. (Nov 4, 2026). DMAY against JNEU. Retrieved from https://etfiq.com/compare/buffer/dmay-vs-jneu
[DMAY against JNEU (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/dmay-vs-jneu)
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