Data as of Nov 4, 2026.
MAYW vs XAPR: Cap, Buffer & Days Left
As of Nov 4, 2026 XAPR can fall 5.7% before its buffer engages and MAYW 5.0%, and XAPR resets 14 days sooner.
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Net assets on Nov 3, 2026: $457m for AllianzIM U.S. Equity Buffer20 ETF - May and $52m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April.
MAYW: reference +6.7% since period start, fund +4.4%; buffer 0 to −20; cap +11.2%; Between buffer and cap. Data to Nov 4, 2026.
MAYW: reference +6.7% since period start, fund +4.4%; buffer 0 to −20; cap +11.2%; Between buffer and cap. Data to Nov 4, 2026.XAPR: reference +8.0% since period start, fund +5.2%; buffer 0 to −15; cap +10.4%; Between buffer and cap. Data to Nov 4, 2026.
XAPR: reference +8.0% since period start, fund +5.2%; buffer 0 to −15; cap +10.4%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
MAYW costs 0.11 points a year less; their one-year returns differ by 0.1 points; MAYW is 8.8 times larger.
Points (pts) are percentage points.
| Measure | MAYW | XAPR |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.0% | +8.1% |
| Drawdown | ||
| Index fall to the buffer | 6.3% | 7.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.85% |
| Net assets, as of Nov 3, 2026 | $457m | $52m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | MAYW | XAPR | MAYW | XAPR |
| 3 months | +1.3% | +1.5% | +1.7 pts | +1.9 pts |
| 6 months | +3.6% | +4.1% | −0.9 pts | −0.4 pts |
| 1 year | +8.0% | +8.1% | −5.6 pts | −5.5 pts |
| 3 years | +37.1% | – | −39.3 pts | – |
| Since launchNot the same days: MAYW May 2023 · XAPR Apr 2024 | +42.2% | +29.9% | −42.3 pts | −23.5 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. XAPR is a floor fund, which caps how far a holder can fall. MAYW is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
Where each one stands today
XAPR resets first, on Apr 16, 2027, 163 days from now; MAYW runs to Apr 30, 2027, 177 days. MAYW can still gain 5.8% before its cap, XAPR 4.1%. A fall from here reaches MAYW’s buffer after 5.0% and XAPR’s after 5.7%. Both track SPY, so what separates them is where each is in its own period.
MAYW
From its price on Nov 4, 2026, the fund can gain about 5.8% more before it reaches its cap. 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: 20.0% of the 20.0% 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.
XAPR
From its price on Nov 4, 2026, the fund can gain about 4.1% 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 7.4% 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. 163 days remained on Nov 4, 2026. On Apr 16, 2027 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
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, MAYW against XAPR, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/mayw-vs-xapr
ETFIQ. (Nov 4, 2026). MAYW against XAPR. Retrieved from https://etfiq.com/compare/buffer/mayw-vs-xapr
[MAYW against XAPR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/mayw-vs-xapr)
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