Which resets first, MAYT or MAYU?

MAYT 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, MAYT or MAYU?

MAYT and MAYU both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

MAYT vs MAYU: Cap, Buffer & Days Left

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As of Nov 4, 2026 MAYT can fall 6.2% before its buffer engages and MAYU 5.0%.

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Net assets on Nov 3, 2026: $161m for AllianzIM U.S. Equity Buffer10 ETF - May and $44m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - May.

MAYT on its own →MAYU on its own →

At a glance

6.2%

MAYT can fall this far before its buffer

5.0%

MAYU can fall this far before its buffer

9.3%

MAYT can still gain

uncapped

MAYU can still gain

MAYT Between buffer and cap

MAYT: reference +6.7% since period start, fund +5.7%; buffer 0 to −10; cap +16.3%; 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

Both cost 0.74% a year; their one-year returns differ by 0.4 points; MAYT is 3.7 times larger.

Points (pts) are percentage points.

MAYT vs MAYU: Cap, Buffer & Days Left
Measure	MAYT	MAYU
Return
Measure	MAYT	MAYU
Total return, 1 year	+10.7%	+10.3%
Drawdown
Measure	MAYT	MAYU
Index fall to the buffer	6.3%
Benchmark
Measure	MAYT	MAYU
What it tracks	SPY	SPY
Cost and size
Measure	MAYT	MAYU
Expense ratio	0.74%	0.74%
Net assets, as of Nov 3, 2026	$161m	$44m
Holdings
Measure	MAYT	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 Score38.7MAYT83.2MAYU

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

MAYT 38.7

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: MAYT vs MAYU: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	MAYT	MAYU	MAYT	MAYU
3 months	+1.1%	−1.2%	+1.5 pts	−0.8 pts
6 months	+4.5%	+2.4%	0.0 pts	−2.0 pts
1 year	+10.7%	+10.3%	−2.9 pts	−3.2 pts
3 years	+53.6%	–	−22.8 pts	–
Since launchNot the same days: MAYT May 2023 · MAYU May 2024	+60.4%	+38.1%	−24.2 pts	−15.1 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

MAYT AllianzIM U.S. Equity Buffer10 ETF - May · Absorbs the first 10% of loss on SPY and caps the gain at 16.3%, 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 AllianzIM AllianzIM

Reference index SPY SPY

Buffer 10% 15%

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

Days left 177 177

Starting cap +16.3% uncapped

Can still gain 9.3% uncapped

Fall before buffer 6.2% 5.0%

Protection left, index points 10.0% of 10.0% 15.0% of 15.0%

Index return this period +6.7% +6.7%

Fund return this period +5.7% +4.4%

State today Open Uncapped

Expense ratio 0.74% 0.74%

Net assets, as of Nov 3, 2026 $161m $44m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

MAYT resets first, on Apr 30, 2027, 177 days from now; MAYU runs to Apr 30, 2027, 177 days. A fall from here reaches MAYT’s buffer after 6.2% 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

MAYT

From its price on Nov 4, 2026, the fund can gain about 9.3% more before it reaches its cap. The fund's price can fall 6.2% 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: 10.0% of the 10.0% 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, MAYT or MAYU?: MAYT 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, MAYT or MAYU?: MAYT and MAYU both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAYT vs SIXZ MAYT vs BMAY MAYT vs MAYW MAYT vs PMAY MAYU vs BMAY MAYU vs CMAY MAYU vs UMAY MAYU vs DAPR

Where to next

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

Sources and dates

MAYT and MAYU filings on SEC EDGAR ↗

AllianzIM page for MAYT ↗

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.

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

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