{"url":"https://etfiq.com/compare/buffer/fapr-vs-hmay","section":"compare","title":"FAPR vs HMAY: Cap, Buffer & Days Left | ETFIQ","description":"As of Nov 4, 2026 for FAPR and Nov 3, 2026 for HMAY, FAPR can fall 6.7% and HMAY 4.1% before its buffer engages, on SPY.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, FAPR or HMAY?","acceptedAnswer":{"@type":"Answer","text":"FAPR ends its outcome period on Apr 16, 2027 and HMAY on Apr 30, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, FAPR or HMAY?","acceptedAnswer":{"@type":"Answer","text":"FAPR charges 0.85% a year and HMAY charges 0.30%, so HMAY is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"FAPR vs HMAY","item":"https://etfiq.com/compare/buffer/fapr-vs-hmay"}]},{"@type":"WebPage","name":"FAPR vs HMAY: Cap, Buffer & Days Left","description":"As of Nov 4, 2026 for FAPR and Nov 3, 2026 for HMAY, FAPR can fall 6.7% and HMAY 4.1% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/fapr-vs-hmay","dateModified":"2026-11-04","abstract":"FAPR can fall 6.7% before its buffer engages as of Nov 4, 2026, and HMAY 4.1% as of Nov 3, 2026.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FAPR and HMAY","description":"As of Nov 4, 2026 for FAPR and Nov 3, 2026 for HMAY, FAPR can fall 6.7% and HMAY 4.1% before its buffer engages, on SPY.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/fapr-vs-hmay","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6020,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / FAPR vs HMAY \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n FAPR vs HMAY: Cap, Buffer & Days Left\n\n FAPR can fall 6.7% before its buffer engages as of Nov 4, 2026, and HMAY 4.1% as of Nov 3, 2026.\n Copy this for sharing \n \n HMAY costs 0.55 points a year less; FAPR is far larger, $1.3bn against $1.9m.\n FAPR and HMAY at a glance. As of Nov 4, 2026. Source: ETFIQ. FAPR HMAY \n Expense ratio 0.85% 0.30% \n Net assets, as of Nov 3, 2026 $1.3bn $1.9m \n Total return, 1 year +10.3% not published \n What it tracks SPY SPY \n Holdings in common no","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, FAPR against HMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fapr-vs-hmay","a":{"ticker":"FAPR","name":"FT Vest U.S. Equity Buffer ETF - April","issuer":"First Trust","desk":"buffer","as_of":"2026-11-04","verdict":"Since Apr 20, 2026, FAPR returned 6.3%, against SPY's 8.0% price return. It can gain 7.5% more before its cap.","url":"https://etfiq.com/funds/fapr","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"7.5%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"6.7%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"10.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"163","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$1.3bn","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"}]},"b":{"ticker":"HMAY","name":"Corgi U.S. Equities 100% Structured Buffer ETF - May Series","issuer":"Corgi","desk":"buffer","as_of":"2026-11-03","verdict":"Since May 1, 2026, HMAY returned 2.0%, against SPY's 4.2% price return. It can fall 4.1% before its buffer.","url":"https://etfiq.com/funds/hmay","key_facts":[{"label":"Fall before the buffer from today\u2019s fund price","value":"4.1%","as_of":"2026-11-03","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-11-03","source":null},{"label":"Days to reset","value":"178","as_of":"2026-11-03","source":null},{"label":"Net assets","value":"$1.9m","as_of":"2026-11-04","source":"the issuer\u2019s own daily fund list, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.30%","as_of":"2026-11-03","source":"issuer page, Nov 3, 2026"},{"label":"Reference index","value":"SPY","as_of":"2026-11-03","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/fapr-vs-hmay"}