Data as of Nov 4, 2026.
DMAY vs JUNT: Cap, Buffer & Days Left
As of Nov 4, 2026 DMAY can fall 8.7% before its buffer engages and JUNT 2.8%, 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 $113m for AllianzIM U.S. Equity Buffer10 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.JUNT: reference +1.4% since period start, fund +2.1%; buffer 0 to −10; cap +17.6%; Between buffer and cap. Data to Nov 4, 2026.
JUNT: reference +1.4% since period start, fund +2.1%; buffer 0 to −10; cap +17.6%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JUNT costs 0.11 points a year less; their one-year returns differ by 0.1 points; DMAY is 3.5 times larger.
Points (pts) are percentage points.
| Measure | DMAY | JUNT |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.3% | +8.4% |
| 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 | $113m |
| 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 9, 2023 to Oct 30, 2026 · 177 weekly returns · each against SPYFrom Jun 2023 to Oct 2026, JUNT returned more: +49.8% to +41.6%. DMAY swung less: 8.0% to 9.0%. JUNT fell slightly less at its worst: −11.3% to −11.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DMAY | JUNT | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +41.6% | +49.8% | JUNT | Price change plus distributions, reinvested. | |
| Annualized | +10.8% | +12.6% | JUNT | Total return as a yearly rate. | |
| Price return | +41.6% | +49.8% | JUNT | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 8.0% | 9.0% | DMAY | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.2% | 5.9% | DMAY | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.6% | −11.3% | JUNT (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 39.6% | 49.4% | 100.0% | JUNT | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 54.1% | 63.9% | 100.0% | DMAY | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.53 | 0.61 | 1.00 | DMAY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.87 | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.75 | 0.86 | JUNT | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.15 | 1.32 | JUNT | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.113 | 0.126 | 0.143 | JUNT | Return above Treasury bills per unit of beta. |
| Calmar | 0.93 | 1.11 | JUNT | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −1.6% a year | −1.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.00 | −0.79 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −4.8% to +1.6% | −3.7% to +1.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.15 | −1.11 | JUNT (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.2% | 6.0% | 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, 177 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DMAY | JUNT | DMAY | JUNT |
| 3 months | +0.5% | +0.1% | +0.9 pts | +0.5 pts |
| 6 months | +3.2% | +2.4% | −1.3 pts | −2.1 pts |
| 1 year | +8.3% | +8.4% | −5.2 pts | −5.2 pts |
| 3 years | +40.5% | +48.5% | −35.9 pts | −27.9 pts |
| Since launchNot the same days: DMAY May 2020 · JUNT Jun 2023 | +56.5% | +53.6% | −103.4 pts | −28.2 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. 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; JUNT runs to May 31, 2027, 208 days. DMAY can still gain 9.3% before its cap, JUNT 14.5%. A fall from here reaches DMAY’s buffer after 8.7% and JUNT’s after 2.8%. 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.
JUNT
From its price on Nov 4, 2026, the fund can gain about 14.5% more before it reaches its cap. The fund's price can fall 2.8% 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: 10.0% of the 10.0% 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 JUNT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dmay-vs-junt
ETFIQ. (Nov 4, 2026). DMAY against JUNT. Retrieved from https://etfiq.com/compare/buffer/dmay-vs-junt
[DMAY against JUNT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/dmay-vs-junt)
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