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Data as of Nov 4, 2026.

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Buffer ETFs

MAYT vs PBMY: Cap, Buffer & Days Left

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As of Nov 4, 2026 MAYT can fall 6.2% before its buffer engages and PBMY 4.8%.

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Net assets: $161m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - May, and $40m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - May .

MAYT on its own →PBMY on its own →
At a glance
6.2%
MAYT can fall this far before its buffer
4.8%
PBMY can fall this far before its buffer
9.3%
MAYT can still gain
6.0%
PBMY can still gain
MAYT Between buffer and cap
Between buffer and capMAYT: reference +6.7% since period start, fund +5.7%; buffer 0 to −10; cap +16.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+6.7% gained+9.6% more to the cap−10.0% floor0% period start+16.3% capTODAY · SPY +6.7%Between buffer and capMAYT: reference +6.7% since period start, fund +5.7%; buffer 0 to −10; cap +16.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+16.3% cap+6.7% gain captured+9.6% more to the capTODAY · SPY +6.7%

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.

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.
PBMY Between buffer and cap
Between buffer and capPBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+6.7% gained−20.0% floor0% period start+11.3% cap+4.6% more to the capTODAY · SPY +6.7%Between buffer and capPBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+11.3% cap+6.7% gain captured+4.6% more to the capTODAY · SPY +6.7%

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.

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

PBMY costs 0.24 points a year less; their one-year returns differ by 2.4 points; MAYT is 4.0 times larger.

Points (pts) are percentage points.

MAYT vs PBMY: Cap, Buffer & Days Left
MeasureMAYTPBMY
Return
Total return, 1 year+10.7%+8.3%
Drawdown
Index fall to the buffer6.3%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.50%
Net assets, as of Nov 3, 2026$161m$40m
Holdings
Holdings in commonnot 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 Score38.7MAYT92.3PBMY

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

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 PBMY: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowMAYTPBMYMAYTPBMY
3 months+1.1%+1.3%+1.5 pts+1.7 pts
6 months+4.5%+3.8%0.0 pts−0.7 pts
1 year+10.7%+8.3%−2.9 pts−5.3 pts
3 years+53.6%–−22.8 pts–
Since launchNot the same days: MAYT May 2023 · PBMY May 2024+60.4%+28.3%−24.2 pts−25.0 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 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 AllianzIM PGIM
Reference index SPY SPY
Buffer 10% 20%
Outcome period May 1, 2026 to Apr 30, 2027 May 1, 2026 to Apr 30, 2027
Days left 177 177
Starting cap +16.3% +11.3%
Can still gain 9.3% 6.0%
Fall before buffer 6.2% 4.8%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +6.7% +6.7%
Fund return this period +5.7% +4.5%
State today Open Open
Expense ratio 0.74% 0.50%
Net assets, MAYT as of Nov 3, 2026 and PBMY as of Nov 4, 2026 $161m $40m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

MAYT resets first, on Apr 30, 2027, 177 days from now; PBMY runs to Apr 30, 2027, 177 days. MAYT can still gain 9.3% before its cap, PBMY 6.0%. A fall from here reaches MAYT’s buffer after 6.2% and PBMY’s after 4.8%. Both track SPY, so what separates them is where each is in its own period.

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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.

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, MAYT or PBMY?
From their prices on Nov 4, 2026, MAYT can gain about 9.3% before its cap and PBMY about 6.0%, so MAYT has more room left this period.
Which resets first, MAYT or PBMY?
MAYT 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, MAYT or PBMY?
MAYT charges 0.74% a year and PBMY charges 0.50%, so PBMY is cheaper. Fees come from each fund's prospectus.
Other comparisons
MAYT vs CPSPMAYT vs APXMMAYT vs PMMYMAYT vs MAYWPBMY vs BMAYPBMY vs UMAYPBMY vs DAPRPBMY vs ZMAY
Where to next
SPDR® S&P 500® ETF Trust →MAYT on its own →PBMY on its own →PBMY dividend history →Method →Standards and sources →
Sources and dates
MAYT filings on SEC EDGAR ↗
AllianzIM page for MAYT ↗
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.

Cite this pageCitation, APA and Markdown

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

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