{"url":"https://etfiq.com/compare/buffer/fmar-vs-tapr","section":"compare","title":"FMAR vs TAPR: Cap, Buffer & Days Left | ETFIQ","description":"As of Nov 4, 2026 FMAR can gain 4.0% before its cap and TAPR 2.3%. Each can fall 11.3% and 11.5% before its buffer engages, on SPY.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, FMAR or TAPR?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Nov 4, 2026, FMAR can gain about 4.0% before its cap and TAPR about 2.3%, so FMAR has more room left this period."}},{"@type":"Question","name":"Which resets first, FMAR or TAPR?","acceptedAnswer":{"@type":"Answer","text":"FMAR ends its outcome period on Mar 19, 2027 and TAPR on Mar 31, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, FMAR or TAPR?","acceptedAnswer":{"@type":"Answer","text":"FMAR charges 0.85% a year and TAPR charges 0.79%, so TAPR 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":"FMAR vs TAPR","item":"https://etfiq.com/compare/buffer/fmar-vs-tapr"}]},{"@type":"WebPage","name":"FMAR vs TAPR: Cap, Buffer & Days Left","description":"As of Nov 4, 2026 FMAR can gain 4.0% before its cap and TAPR 2.3%. Each can fall 11.3% and 11.5% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/fmar-vs-tapr","dateModified":"2026-11-04","abstract":"As of Nov 4, 2026 TAPR can fall 11.5% before its buffer engages and FMAR 11.3%, and FMAR resets 12 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FMAR and TAPR","description":"As of Nov 4, 2026 FMAR can gain 4.0% before its cap and TAPR 2.3%. Each can fall 11.3% and 11.5% before its buffer engages, on SPY.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/fmar-vs-tapr","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":6812,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / FMAR vs TAPR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n FMAR vs TAPR: Cap, Buffer & Days Left\n\n As of Nov 4, 2026 TAPR can fall 11.5% before its buffer engages and FMAR 11.3%, and FMAR resets 12 days sooner.\n Copy this for sharing \n \n TAPR costs 0.06 points a year less; their one-year returns differ by 10.8 points; FMAR is far larger, $1.2bn against $11m.\n FMAR and TAPR at a glance. As of Nov 4, 2026. Source: ETFIQ. FMAR TAPR \n Expense ratio 0.85% 0.79% \n Net assets, as of Nov 3, 2026 $1.2bn $11m \n Total return, 1 year +16.0% +5.","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, FMAR against TAPR, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fmar-vs-tapr","a":{"ticker":"FMAR","name":"FT Vest U.S. Equity Buffer ETF - March","issuer":"First Trust","desk":"buffer","as_of":"2026-11-04","verdict":"Since Mar 23, 2026, FMAR returned 11.8%, against SPY's 18.2% price return. It can gain 4.0% more before its cap.","url":"https://etfiq.com/funds/fmar","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"4.0%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"11.3%","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":"135","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$1.2bn","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":"TAPR","name":"Innovator Equity Defined Protection ETF - Apr 2027","issuer":"Innovator","desk":"buffer","as_of":"2026-11-04","verdict":"Since Mar 31, 2025, TAPR returned 11.3%, against SPY's 37.0% price return. It can gain 2.3% more before its cap.","url":"https://etfiq.com/funds/tapr","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"2.3%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"11.5%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"147","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-11-04","source":"issuer page, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"}]},"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/fmar-vs-tapr"}