Which resets first, MAYU or PBMY?

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

Which is cheaper, MAYU or PBMY?

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

Data as of Nov 4, 2026.

Buffer ETFs

MAYU vs PBMY: Cap, Buffer & Days Left

Share on X Download as PDF

As of Nov 4, 2026 MAYU can fall 5.0% before its buffer engages and PBMY 4.8%.

askIQ about this page

askIQ about MAYU and PBMY

Net assets: $44m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - May, and $40m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - May .

MAYU on its own →PBMY on its own →

At a glance

5.0%

MAYU can fall this far before its buffer

4.8%

PBMY can fall this far before its buffer

uncapped

MAYU can still gain

6.0%

PBMY can still gain

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.

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

PBMY costs 0.24 points a year less; their one-year returns differ by 2.0 points; MAYU is 1.1 times larger.

Points (pts) are percentage points.

MAYU vs PBMY: Cap, Buffer & Days Left
Measure	MAYU	PBMY
Return
Measure	MAYU	PBMY
Total return, 1 year	+10.3%	+8.3%
Drawdown
Measure	MAYU	PBMY
Index fall to the buffer	6.3%
Benchmark
Measure	MAYU	PBMY
What it tracks	SPY	SPY
Cost and size
Measure	MAYU	PBMY
Expense ratio	0.74%	0.50%
Net assets, as of Nov 3, 2026	$44m	$40m
Holdings
Measure	MAYU	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 Score83.2MAYU92.3PBMY

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

MAYU 83.2

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: MAYU vs PBMY: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	MAYU	PBMY	MAYU	PBMY
3 months	−1.2%	+1.3%	−0.8 pts	+1.7 pts
6 months	+2.4%	+3.8%	−2.0 pts	−0.7 pts
1 year	+10.3%	+8.3%	−3.2 pts	−5.3 pts
Since launchMAYU May 2024 · PBMY May 2024	+38.1%	+28.3%	−15.1 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

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 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 15% 20%

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

Days left 177 177

Starting cap uncapped +11.3%

Can still gain uncapped 6.0%

Fall before buffer 5.0% 4.8%

Protection left, index points 15.0% of 15.0% 20.0% of 20.0%

Index return this period +6.7% +6.7%

Fund return this period +4.4% +4.5%

State today Uncapped Open

Expense ratio 0.74% 0.50%

Net assets, MAYU as of Nov 3, 2026 and PBMY as of Nov 4, 2026 $44m $40m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

MAYU resets first, on Apr 30, 2027, 177 days from now; PBMY runs to Apr 30, 2027, 177 days. A fall from here reaches MAYU’s buffer after 5.0% 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

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. In index terms, SPY can fall 6.3% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and new terms are 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. On Apr 30, 2027 the period ends and a new cap is set.

Questions people ask

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

Other comparisons

MAYU vs MAYW MAYU vs DDTY MAYU vs XAPR MAYU vs CPSM PBMY vs CPSP PBMY vs APXM PBMY vs PMMY PBMY vs CTMA

Where to next

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

Sources and dates

MAYU filings on SEC EDGAR ↗

AllianzIM page for MAYU ↗

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

Open data →

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