Data as of .
MARU vs MRCP: which one stands where?
As of Sep 21, 2026 MARU can fall 9.3% before its buffer engages and MRCP 8.2%, and MARU resets 1 days sooner.
ETFIQ Downside Cover Score: MRCP scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it · How it is computed
Where each one stands today
MARU resets first, on Feb 28, 2027, 159 days from now; MRCP runs to Feb 28, 2027, 160 days. A fall from here reaches MARU’s buffer after 9.3% and MRCP’s after 8.2%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| MARU | MRCP | MARU | MRCP | |
| 3 months | +0.8% | +2.5% | −1.4 pts | +0.2 pts |
| 6 months | +11.8% | +11.4% | −6.2 pts | −6.6 pts |
| 1 year | +10.3% | +13.2% | −6.3 pts | −3.4 pts |
| MARU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Feb 28, 2027 | MRCP PGIM S&P 500 Buffer 12 ETF - March Absorbs the first 12% of loss on SPY and caps the gain at 14.5%, over a period ending Feb 28, 2027 | |
|---|---|---|
| Issuer | AllianzIM | PGIM |
| Reference index | SPY | SPY |
| Buffer | 15% | 12% |
| Outcome period | Mar 1, 2026 to Feb 28, 2027 | Mar 1, 2026 to Feb 28, 2027 |
| Days left | 159 | 160 |
| Starting cap | uncapped | +14.5% |
| Can still gain | uncapped | 5.2% |
| Fall before buffer | 9.3% | 8.2% |
| Protection left, index points | 15.0% of 15.0% | 12.0% of 12.0% |
| Index return this period | +12.8% | +12.8% |
| Fund return this period | +9.3% | +8.4% |
| State today | Uncapped | Open |
| Expense ratio | 0.74% | 0.50% |
| Net assets | $35m | $29m |
MARU in plain words
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 9.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.4% 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. 159 days remained on Sep 21, 2026. On Feb 28, 2027 the period ends and a new cap is set.
MRCP in plain words
From its price on Sep 21, 2026, the fund can gain about 5.2% more before it reaches its cap. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.3% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 160 days remained on Sep 21, 2026.
Questions people ask
- Which resets first, MARU or MRCP?
- MARU ends its outcome period on Feb 28, 2027 and MRCP on Feb 28, 2027. A new cap is set the day after each.
- Which is cheaper, MARU or MRCP?
- MARU charges 0.74% a year and MRCP charges 0.50%, so MRCP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MARU against MRCP, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/maru-vs-mrcp Free to use with attribution; the underlying files are at Open data.