Which has more room to gain, MAYP or PBMY?

From their prices on Nov 4, 2026, MAYP can gain about 8.4% before its cap and PBMY about 6.0%, so MAYP has more room left this period.

Which resets first, MAYP or PBMY?

MAYP ends its outcome period on Apr 30, 2027 and PBMY on Apr 30, 2027. A new cap is set the day after each.

Which is cheaper, MAYP or PBMY?

MAYP and PBMY both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

MAYP vs PBMY: Cap, Buffer & Days Left

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As of Nov 4, 2026 MAYP can fall 5.7% before its buffer engages and PBMY 4.8%.

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Net assets on Nov 4, 2026: $37m for PGIM S&P 500 Buffer 12 ETF - May and $40m for PGIM S&P 500 Buffer 20 ETF - May .

MAYP on its own →PBMY on its own →

At a glance

5.7%

MAYP can fall this far before its buffer

4.8%

PBMY can fall this far before its buffer

8.4%

MAYP can still gain

6.0%

PBMY 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.

PBMY Between buffer and cap

PBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.50% a year; their one-year returns differ by 1.8 points; PBMY is 1.1 times larger.

Points (pts) are percentage points.

MAYP vs PBMY: Cap, Buffer & Days Left
Measure	MAYP	PBMY
Return
Measure	MAYP	PBMY
Total return, 1 year	+10.1%	+8.3%
Drawdown
Measure	MAYP	PBMY
Index fall to the buffer	6.3%
Benchmark
Measure	MAYP	PBMY
What it tracks	SPY	SPY
Cost and size
Measure	MAYP	PBMY
Expense ratio	0.50%	0.50%
Net assets	$37m	$40m
Holdings
Measure	MAYP	PBMY
Holdings in common	not published

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

IQ Buffer Score57.5MAYP92.3PBMY

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

PBMY 92.3

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 PBMY: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	MAYP	PBMY	MAYP	PBMY
3 months	+1.0%	+1.3%	+1.4 pts	+1.7 pts
6 months	+4.3%	+3.8%	−0.2 pts	−0.7 pts
1 year	+10.1%	+8.3%	−3.4 pts	−5.3 pts
Since launchMAYP May 2024 · PBMY May 2024	+33.9%	+28.3%	−19.4 pts	−25.0 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 PBMY PGIM S&P 500 Buffer 20 ETF - May · Absorbs the first 20% of loss on SPY and caps the gain at 11.3%, over a period ending Apr 30, 2027

Issuer PGIM PGIM

Reference index SPY SPY

Buffer 12% 20%

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

Days left 177 177

Starting cap +14.9% +11.3%

Can still gain 8.4% 6.0%

Fall before buffer 5.7% 4.8%

Protection left, index points 12.0% of 12.0% 20.0% of 20.0%

Index return this period +6.7% +6.7%

Fund return this period +5.5% +4.5%

State today Open Open

Expense ratio 0.50% 0.50%

Net assets $37m $40m

As of Nov 4, 2026. Source: ETFIQ.

Both are PGIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

MAYP resets first, on Apr 30, 2027, 177 days from now; PBMY runs to Apr 30, 2027, 177 days. MAYP can still gain 8.4% before its cap, PBMY 6.0%. A fall from here reaches MAYP’s buffer after 5.7% and PBMY’s after 4.8%. 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.

PBMY

From its price on Nov 4, 2026, the fund can gain about 6.0% more before it reaches its cap. The fund's price can fall 4.8% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, MAYP or PBMY?: From their prices on Nov 4, 2026, MAYP can gain about 8.4% before its cap and PBMY about 6.0%, so MAYP has more room left this period.
Which resets first, MAYP or PBMY?: MAYP ends its outcome period on Apr 30, 2027 and PBMY on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, MAYP or PBMY?: MAYP and PBMY both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAYP vs MAYU MAYP vs XAPR MAYP vs CPSM MAYP vs CPSP PBMY vs XAPR PBMY vs CPSM PBMY vs SIXZ PBMY vs ZMAY

Where to next

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

Sources and dates

MAYP and PBMY filings on SEC EDGAR ↗

PGIM website ↗

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.

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

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