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NMAY vs QMY: which one stands where?

As of Oct 1, 2026 QMY can fall 7.9% before its buffer engages and NMAY 6.2%. Innovator Growth-100 Power Buffer ETF - May and Corgi Growth & Technology 10% Structured Buffer ETF - May Series.

NMAYBetween buffer and cap
Between buffer and capNMAY: reference +10.8% since period start, fund +6.3%; buffer 0 to −15; cap +16.2%; Between buffer and cap.15 pts of buffer+10.8% gain captured+5.4% to cap−15.0% floor0% period start+16.2% capTODAY · QQQ +10.8%Between buffer and capNMAY: reference +10.8% since period start, fund +6.3%; buffer 0 to −15; cap +16.2%; Between buffer and cap.15 pts+10.8%−15.0% floor0% start+16.2% capTODAY · QQQ +10.8%

NMAY: reference +10.8% since period start, fund +6.3%; buffer 0 to −15; cap +16.2%; Between buffer and cap.

QMYBetween buffer and cap
Between buffer and capQMY: reference +8.6% since period start, fund +6.5%; buffer 0 to −10; cap +22.5%; Between buffer and cap.10 pts of buffer+8.6% gain captured+13.9% more to the cap−10.0% floor0% period start+22.5% capTODAY · QQQ +8.6%Between buffer and capQMY: reference +8.6% since period start, fund +6.5%; buffer 0 to −10; cap +22.5%; Between buffer and cap.10 pts+8.6%−10.0% floor0% start+22.5% capTODAY · QQQ +8.6%

QMY: reference +8.6% since period start, fund +6.5%; buffer 0 to −10; cap +22.5%; Between buffer and cap.

ETFIQ Downside Cover Score · NMAY scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

NMAY resets first, on Apr 30, 2027, 212 days from now; QMY runs to Apr 30, 2027, 212 days. A fall from here reaches NMAY’s buffer after 6.2% and QMY’s after 7.9%. Both track QQQ, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

Total returnGap to the reference
WindowNMAYQMYNMAYQMY
3 months+3.1%+2.5%+0.9 pts+0.4 pts
6 months+7.7%not published−19.1 ptsnot published
1 year+11.1%not published−12.7 ptsnot published

NMAY and QMY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NMAY
Innovator Growth-100 Power Buffer ETF - May · Absorbs the first 15% of loss on QQQ and caps the gain at 16.2%, over a period ending Apr 30, 2027
QMY
Corgi Growth & Technology 10% Structured Buffer ETF - May Series · Absorbs the first 10% of loss on QQQ and caps the gain at 22.5%, over a period ending Apr 30, 2027
Issuer Innovator Corgi
Reference index QQQ QQQ
Buffer 15% 10%
Outcome period Apr 30, 2026 to Apr 30, 2027 May 1, 2026 to Apr 30, 2027
Days left 212 212
Starting cap +16.2% +22.5%
Can still gain 9.0% not published
Fall before buffer 6.2% 7.9%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +10.8% +8.6%
Fund return this period +6.3% +6.5%
State today Open Open
Expense ratio 0.79% 0.30%
Net assets $58m $2m

NMAY and QMY on the same fields, as of Oct 1, 2026. Source: ETFIQ.

NMAY in plain words

From its price on Oct 1, 2026, the fund can gain about 9.0% 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 figure. In index terms, QQQ can fall 9.7% 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 QQQ level. 212 days remained on Oct 1, 2026. On Apr 30, 2027 the period ends and a new cap is set.

QMY in plain words

The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 7.9% 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 QQQ level.

Questions people ask

Which resets first, NMAY or QMY?
NMAY ends its outcome period on Apr 30, 2027 and QMY on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, NMAY or QMY?
NMAY charges 0.79% a year and QMY charges 0.30%, so QMY is cheaper. Fees come from each fund's prospectus.
Other comparisons
NMAY vs QCAPNMAY vs QQMYQMY vs QQMYQMY vs QCAP
QQQ →NMAY on its own →QMY on its own →How every figure is computed →Standards and sources →
Where these figures came from
NMAY filings on SEC EDGAR ↗Innovator page for NMAY ↗QMY filings on SEC EDGAR ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, NMAY against QMY, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/nmay-vs-qmy

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.