Data as of Nov 4, 2026.

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Buffer ETFs

JUNC vs XMAY: Cap, Buffer & Days Left

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XMAY can fall 4.6% before its buffer engages as of Nov 4, 2026, and JUNC 0.0% as of Nov 3, 2026.

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Net assets: $1.0m on Nov 4, 2026 for Corgi U.S. Equities 10% Structured Buffer ETF, and $19m on Nov 3, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May.

At a glance
JUNC Buffer working
Buffer workingJUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.9.4 of 10 pts left+18.1% more to the cap−10.0% floor0% period start+18.1% capTODAY · SPY −0.6%Buffer workingJUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.9.4 pts+18.1% to cap−10.0% floor0% start+18.1% capTODAY · SPY −0.6%

JUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.

JUNC: reference −0.6% since period start, fund +0.8%; buffer 0 to −10; cap +18.1%; Buffer working. Data to Nov 3, 2026.
XMAY Between buffer and cap
Between buffer and capXMAY: reference +3.7% since period start, fund +3.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+3.7%+7.3% to cap−15.0% floor0% period start+11.0% capTODAY · SPY +3.7%Between buffer and capXMAY: reference +3.7% since period start, fund +3.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+11.0% cap+3.7% gain captured+7.3% more to the capTODAY · SPY +3.7%

XMAY: reference +3.7% since period start, fund +3.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.

XMAY: reference +3.7% since period start, fund +3.9%; buffer 0 to −15; cap +11.0%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JUNC costs 0.55 points a year less; XMAY is 19.0 times larger.

Points (pts) are percentage points.

JUNC vs XMAY: Cap, Buffer & Days Left
MeasureJUNCXMAY
Return
Total return, 1 yearnot published+8.0%
Drawdown
Index fall to the buffer3.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.30%0.85%
Net assets, as of Nov 3, 2026$1.0m$19m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: JUNC vs XMAY: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJUNCXMAYJUNCXMAY
3 months−0.2%+1.3%+0.1 pts+1.7 pts
6 months–+3.9%–−0.6 pts
1 year–+8.0%–−5.5 pts
Since launchNot the same days: JUNC Jun 2026 · XMAY May 2024+1.2%+25.1%+0.2 pts−19.6 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

JUNC Corgi U.S. Equities 10% Structured Buffer ETF · Absorbs the first 10% of loss on SPY and caps the gain at 18.1%, over a period ending May 31, 2027 XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May · Absorbs the first 15% of loss on SPY and caps the gain at 11.0%, over a period ending May 21, 2027
Reference index SPY SPY
Buffer 10% 15%
Outcome period Jun 1, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027
Days left 209 198
Starting cap +18.1% +11.0%
Can still gain not published 6.1%
Fall before buffer 0.0% 4.6%
Protection left, index points 9.4% of 10.0% 15.0% of 15.0%
Index return this period −0.6% +3.7%
Fund return this period +0.8% +3.9%
State today Buffer working Open
Expense ratio 0.30% 0.85%
Net assets, JUNC as of Nov 4, 2026 and XMAY as of Nov 3, 2026 $1.0m $19m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. XMAY is a floor fund, which caps how far a holder can fall. JUNC is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

XMAY resets first, on May 21, 2027, 198 days from now; JUNC runs to May 31, 2027, 209 days. A fall from here reaches JUNC’s buffer after 0.0% and XMAY’s after 4.6%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
JUNC

Protection left, in index points: 9.4% of the 10.0% buffer still sits below today's SPY level. 209 days remained on Nov 3, 2026. On May 31, 2027 the period ends and a new cap is set.

XMAY

From its price on Nov 4, 2026, the fund can gain about 6.1% more before it reaches its cap. The fund's price can fall 4.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.6% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% 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.

Questions people ask

Which resets first, JUNC or XMAY?
JUNC ends its outcome period on May 31, 2027 and XMAY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, JUNC or XMAY?
JUNC charges 0.30% a year and XMAY charges 0.85%, so JUNC is cheaper. Fees come from each fund's prospectus.
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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, JUNC against XMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/junc-vs-xmay

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