Data as of Nov 4, 2026.
DMAY vs JUNP: Cap, Buffer & Days Left
As of Nov 4, 2026 DMAY can fall 8.7% before its buffer engages and JUNP 2.5%, and DMAY resets 10 days sooner.
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Net assets: $390m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - May, and $103m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - June.
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.JUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.
JUNP: reference +1.4% since period start, fund +2.1%; buffer 0 to −12; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JUNP costs 0.35 points a year less; their one-year returns differ by 0.3 points; DMAY is 3.8 times larger.
Points (pts) are percentage points.
| Measure | DMAY | JUNP |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.3% | +8.0% |
| Drawdown | ||
| Index fall to the buffer | 8.4% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.50% |
| Net assets, as of Nov 3, 2026 | $390m | $103m |
| 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 →
Risk and return
Jun 14, 2024 to Oct 30, 2026 · 124 weekly returns · each against SPYFrom Jun 2024 to Oct 2026, JUNP returned slightly more: +26.3% to +24.9%. DMAY swung slightly less: 8.9% to 9.8%. JUNP fell less at its worst: −10.1% to −11.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DMAY | JUNP | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +24.9% | +26.3% | JUNP (slight) | Price change plus distributions, reinvested. | |
| Annualized | +9.8% | +10.3% | JUNP (slight) | Total return as a yearly rate. | |
| Price return | +24.9% | +26.3% | JUNP (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 8.9% | 9.8% | DMAY (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.8% | 6.6% | DMAY | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.6% | −10.1% | JUNP | Deepest fall from a high to the low after it. | |
| Upside capture | 42.4% | 47.4% | 100.0% | JUNP | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 57.9% | 63.5% | 100.0% | DMAY (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.56 | 0.59 | 1.00 | DMAY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.89 | 0.80 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.62 | 0.62 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.95 | 0.92 | DMAY (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.098 | 0.102 | 0.120 | JUNP (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.84 | 1.02 | JUNP | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −1.2% a year | −1.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.64 | −0.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.1% to +2.6% | −6.8% to +4.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.91 | −0.80 | JUNP | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.1% | 7.5% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 124 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DMAY | JUNP | DMAY | JUNP |
| 3 months | +0.5% | +0.3% | +0.9 pts | +0.7 pts |
| 6 months | +3.2% | +2.4% | −1.3 pts | −2.1 pts |
| 1 year | +8.3% | +8.0% | −5.2 pts | −5.5 pts |
| 3 years | +40.5% | – | −35.9 pts | – |
| Since launchNot the same days: DMAY May 2020 · JUNP Jun 2024 | +56.5% | +29.6% | −103.4 pts | −15.7 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; JUNP runs to May 31, 2027, 208 days. DMAY can still gain 9.3% before its cap, JUNP 13.0%. A fall from here reaches DMAY’s buffer after 8.7% and JUNP’s after 2.5%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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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.
JUNP
From its price on Nov 4, 2026, the fund can gain about 13.0% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.
Questions people ask
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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 JUNP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dmay-vs-junp
ETFIQ. (Nov 4, 2026). DMAY against JUNP. Retrieved from https://etfiq.com/compare/buffer/dmay-vs-junp
[DMAY against JUNP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/dmay-vs-junp)
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