Data as of Nov 4, 2026.

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Buffer ETFs

MAYM vs PJUN: Cap, Buffer & Days Left

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As of Nov 4, 2026 MAYM can fall 2.6% before its buffer engages and PJUN 2.4%, and MAYM resets 10 days sooner.

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Net assets: $39m on Nov 3, 2026 for FT Vest U.S. Equity Max Buffer ETF - May, and $878m on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Jun.

At a glance
2.6%
MAYM can fall this far before its buffer
2.4%
PJUN can fall this far before its buffer
4.3%
MAYM can still gain
11.2%
PJUN can still gain
MAYM Full floor
Full floorMAYM: reference +3.7% since period start, fund +1.8%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.full floor beneath+3.7%full floor0% period start+7.0% cap+3.3% more to the capTODAY · SPY +3.7%Full floorMAYM: reference +3.7% since period start, fund +1.8%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.0% cap+3.7% gain captured+3.3% more to the capTODAY · SPY +3.7%

MAYM: reference +3.7% since period start, fund +1.8%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.
PJUN Between buffer and cap
Between buffer and capPJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+12.5% to cap−15.0% floor0% period start+13.8% cap+1.3% gain capturedTODAY · SPY +1.3%Between buffer and capPJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+13.8% cap+1.3% gain captured+12.5% more to the capTODAY · SPY +1.3%

PJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

PJUN: reference +1.3% since period start, fund +2.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PJUN costs 0.06 points a year less; their one-year returns differ by 2.4 points; PJUN is far larger, $870m against $39m.

Points (pts) are percentage points.

MAYM vs PJUN: Cap, Buffer & Days Left
MeasureMAYMPJUN
Return
Total return, 1 year+4.8%+7.2%
Drawdown
Index fall to the buffer3.6%1.3%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.79%
Net assets, as of Nov 3, 2026$39m$870m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: MAYM vs PJUN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowMAYMPJUNMAYMPJUN
3 months+0.8%+0.6%+1.1 pts+1.0 pts
6 months+1.9%+2.2%−2.6 pts−2.3 pts
1 year+4.8%+7.2%−8.8 pts−6.4 pts
3 years–+39.3%–−37.1 pts
Since launchNot the same days: MAYM May 2025 · PJUN Jun 2019+8.0%+74.0%−20.9 pts−105.2 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

MAYM FT Vest U.S. Equity Max Buffer ETF - May · Absorbs the whole loss on SPY and caps the gain at 7.0%, over a period ending May 21, 2027 PJUN Innovator U.S. Equity Power Buffer ETF - Jun · Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending May 31, 2027
Reference index SPY SPY
Buffer 100% 15%
Outcome period May 18, 2026 to May 21, 2027 May 31, 2026 to May 31, 2027
Days left 198 208
Starting cap +7.0% +13.8%
Can still gain 4.3% 11.2%
Fall before buffer 2.6% 2.4%
Protection left, index points 100.0% of 100.0% 15.0% of 15.0%
Index return this period +3.7% +1.3%
Fund return this period +1.8% +2.1%
State today Open Open
Expense ratio 0.85% 0.79%
Net assets, MAYM as of Nov 3, 2026 and PJUN as of Nov 4, 2026 $39m $878m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. MAYM is a floor fund, which caps how far a holder can fall. PJUN 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

MAYM resets first, on May 21, 2027, 198 days from now; PJUN runs to May 31, 2027, 208 days. MAYM can still gain 4.3% before its cap, PJUN 11.2%. A fall from here reaches MAYM’s buffer after 2.6% and PJUN’s after 2.4%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
MAYM

From its price on Nov 4, 2026, the fund can gain about 4.3% more before it reaches its cap. The fund's price can fall 2.6% 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: 100.0% of the 100.0% 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.

PJUN

From its price on Nov 4, 2026, the fund can gain about 11.2% more before it reaches its cap. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, MAYM or PJUN?
From their prices on Nov 4, 2026, MAYM can gain about 4.3% before its cap and PJUN about 11.2%, so PJUN has more room left this period.
Which resets first, MAYM or PJUN?
MAYM ends its outcome period on May 21, 2027 and PJUN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, MAYM or PJUN?
MAYM charges 0.85% a year and PJUN charges 0.79%, so PJUN is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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, MAYM against PJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/maym-vs-pjun

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