Which resets first, MAYP or MAYU?

MAYP ends its outcome period on Apr 30, 2027 and MAYU on Apr 30, 2027. New terms are set the day after each.

Which is cheaper, MAYP or MAYU?

MAYP charges 0.50% a year and MAYU charges 0.74%, so MAYP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

MAYP vs MAYU: Cap, Buffer & Days Left

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As of Nov 4, 2026 MAYP can fall 5.7% before its buffer engages and MAYU 5.0%.

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Net assets: $37m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - May, and $44m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - May.

MAYP on its own →MAYU on its own →

At a glance

5.7%

MAYP can fall this far before its buffer

5.0%

MAYU can fall this far before its buffer

8.4%

MAYP can still gain

uncapped

MAYU can still gain

MAYP Between buffer and cap

MAYP: reference +6.7% since period start, fund +5.5%; buffer 0 to −12; cap +14.9%; Between buffer and cap. Data to Nov 4, 2026.

MAYU No cap

MAYU: reference +6.7% since period start, fund +4.4%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Pair scorecard

MAYP costs 0.24 points a year less; their one-year returns differ by 0.2 points; MAYU is 1.2 times larger.

Points (pts) are percentage points.

MAYP vs MAYU: Cap, Buffer & Days Left
Measure	MAYP	MAYU
Return
Measure	MAYP	MAYU
Total return, 1 year	+10.1%	+10.3%
Drawdown
Measure	MAYP	MAYU
Index fall to the buffer	6.3%
Benchmark
Measure	MAYP	MAYU
What it tracks	SPY	SPY
Cost and size
Measure	MAYP	MAYU
Expense ratio	0.50%	0.74%
Net assets, as of Nov 3, 2026	$37m	$44m
Holdings
Measure	MAYP	MAYU
Holdings in common	not published

ETFIQ Downside Cover Score · MAYU scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score57.5MAYP83.2MAYU

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

MAYP 57.5

MAYU 83.2

0.3, the lowest in this set 99.7, the highest

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →

Method

Window by window

Window by window: MAYP vs MAYU: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	MAYP	MAYU	MAYP	MAYU
3 months	+1.0%	−1.2%	+1.4 pts	−0.8 pts
6 months	+4.3%	+2.4%	−0.2 pts	−2.0 pts
1 year	+10.1%	+10.3%	−3.4 pts	−3.2 pts
Since launchMAYP May 2024 · MAYU May 2024	+33.9%	+38.1%	−19.4 pts	−15.1 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

MAYP PGIM S&P 500 Buffer 12 ETF - May · Absorbs the first 12% of loss on SPY and caps the gain at 14.9%, over a period ending Apr 30, 2027 MAYU AllianzIM U.S. Equity Buffer15 Uncapped ETF - May · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Apr 30, 2027

Issuer PGIM AllianzIM

Reference index SPY SPY

Buffer 12% 15%

Outcome period May 1, 2026 to Apr 30, 2027 May 1, 2026 to Apr 30, 2027

Days left 177 177

Starting cap +14.9% uncapped

Can still gain 8.4% uncapped

Fall before buffer 5.7% 5.0%

Protection left, index points 12.0% of 12.0% 15.0% of 15.0%

Index return this period +6.7% +6.7%

Fund return this period +5.5% +4.4%

State today Open Uncapped

Expense ratio 0.50% 0.74%

Net assets, MAYP as of Nov 4, 2026 and MAYU as of Nov 3, 2026 $37m $44m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

MAYP resets first, on Apr 30, 2027, 177 days from now; MAYU runs to Apr 30, 2027, 177 days. A fall from here reaches MAYP’s buffer after 5.7% and MAYU’s after 5.0%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

MAYP

From its price on Nov 4, 2026, the fund can gain about 8.4% more before it reaches its cap. The fund's price can fall 5.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.3% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.

MAYU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 5.0% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. On Apr 30, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, MAYP or MAYU?: MAYP ends its outcome period on Apr 30, 2027 and MAYU on Apr 30, 2027. New terms are set the day after each.
Which is cheaper, MAYP or MAYU?: MAYP charges 0.50% a year and MAYU charges 0.74%, so MAYP is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAYP vs PBMY MAYP vs CPSP MAYP vs APXM MAYP vs MAYT MAYU vs BMAY MAYU vs PBMY MAYU vs XAPR MAYU vs CPSP

Where to next

SPDR S&P 500 ETF Trust →MAYP on its own →MAYU on its own →Method →Standards and sources →

Sources and dates

MAYP filings on SEC EDGAR ↗

PGIM website ↗

MAYU filings on SEC EDGAR ↗

AllianzIM page for MAYU ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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.

Cite this pageCitation, APA and Markdown

ETFIQ, MAYP against MAYU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/mayp-vs-mayu

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.