{"url":"https://etfiq.com/compare/buffer/hmay-vs-pmay","section":"compare","title":"HMAY vs PMAY: Cap, Buffer & Days Left | ETFIQ","description":"As of Nov 3, 2026 for HMAY and Nov 4, 2026 for PMAY, HMAY can fall 4.1% and PMAY 5.1% before its buffer engages, on SPY.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, HMAY or PMAY?","acceptedAnswer":{"@type":"Answer","text":"HMAY ends its outcome period on Apr 30, 2027 and PMAY on Apr 30, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, HMAY or PMAY?","acceptedAnswer":{"@type":"Answer","text":"HMAY charges 0.30% a year and PMAY charges 0.79%, 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":"HMAY vs PMAY","item":"https://etfiq.com/compare/buffer/hmay-vs-pmay"}]},{"@type":"WebPage","name":"HMAY vs PMAY: Cap, Buffer & Days Left","description":"As of Nov 3, 2026 for HMAY and Nov 4, 2026 for PMAY, HMAY can fall 4.1% and PMAY 5.1% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/hmay-vs-pmay","dateModified":"2026-11-04","abstract":"PMAY can fall 5.1% 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 HMAY and PMAY","description":"As of Nov 3, 2026 for HMAY and Nov 4, 2026 for PMAY, HMAY can fall 4.1% and PMAY 5.1% before its buffer engages, on SPY.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/hmay-vs-pmay","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":5848,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / HMAY vs PMAY \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n HMAY vs PMAY: Cap, Buffer & Days Left\n\n PMAY can fall 5.1% 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 0.49 points a year less; PMAY is far larger, $788m against $1.9m.\n HMAY and PMAY at a glance. As of Nov 4, 2026. Source: ETFIQ. HMAY PMAY \n Expense ratio 0.30% 0.79% \n Net assets $1.9m $788m \n Total return, 1 year not published +9.1% \n What it tracks SPY SPY \n Holdings in common not published \n \n Net as","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, HMAY against PMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/hmay-vs-pmay","a":{"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}]},"b":{"ticker":"PMAY","name":"Innovator U.S. Equity Power Buffer ETF - May","issuer":"Innovator","desk":"buffer","as_of":"2026-11-04","verdict":"Since Apr 30, 2026, PMAY returned 5.0%, against SPY's 6.7% price return. It can gain 7.3% more before its cap.","url":"https://etfiq.com/funds/pmay","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"7.3%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"5.1%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"15.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"177","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$788m","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/hmay-vs-pmay"}