QCAP vs QQMY: which one stands where?

As of Oct 1, 2026 QQMY can fall 9.7% before its buffer engages and QCAP 6.5%, and QCAP resets 14 days sooner. FT Vest Nasdaq-100® Conservative Buffer ETF - April and Corgi Growth & Technology 15% Structured Buffer ETF - May Series.

QCAPAt its cap
At its capQCAP: reference +14.0% since period start, fund +6.0%; buffer 0 to −20; cap +13.0%; At its cap.20 pts of buffer+13% gain captured−20.0% floor0% period start+13.0% capTODAY · QQQ +14.0%At its capQCAP: reference +14.0% since period start, fund +6.0%; buffer 0 to −20; cap +13.0%; At its cap.20 pts of buffer+13% gained−20.0% floor0% start+13.0% capTODAY · QQQ +14.0%

QCAP: reference +14.0% since period start, fund +6.0%; buffer 0 to −20; cap +13.0%; At its cap.

QQMYBetween buffer and cap
Between buffer and capQQMY: reference +10.8% since period start, fund +6.2%; buffer 0 to −15; cap +15.0%; Between buffer and cap.15 pts of buffer+10.8% gain captured−15.0% floor0% period start+15.0% capTODAY · QQQ +10.8%Between buffer and capQQMY: reference +10.8% since period start, fund +6.2%; buffer 0 to −15; cap +15.0%; Between buffer and cap.15 pts+10.8%−15.0% floor0% start+15.0% capTODAY · QQQ +10.8%

QQMY: reference +10.8% since period start, fund +6.2%; buffer 0 to −15; cap +15.0%; Between buffer and cap.

ETFIQ Downside Cover Score · QCAP 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 →

QCAP is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

QCAP resets first, on Apr 16, 2027, 198 days from now; QQMY runs to Apr 30, 2027, 212 days. A fall from here reaches QCAP’s buffer after 6.5% and QQMY’s after 9.7%. 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
WindowQCAPQQMYQCAPQQMY
3 months+2.8%+2.7%+0.7 pts+0.5 pts
6 months+6.4%not published−20.5 ptsnot published
1 year+9.5%not published−14.3 ptsnot published

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

On the same fields

QCAP
FT Vest Nasdaq-100® Conservative Buffer ETF - April · Absorbs the first 20% of loss on QQQ and caps the gain at 13.0%, over a period ending Apr 16, 2027
QQMY
Corgi Growth & Technology 15% Structured Buffer ETF - May Series · Absorbs the first 15% of loss on QQQ and caps the gain at 15.0%, over a period ending Apr 30, 2027
Issuer First Trust Corgi
Reference index QQQ QQQ
Buffer 20% 15%
Outcome period Apr 20, 2026 to Apr 16, 2027 May 1, 2026 to Apr 30, 2027
Days left 198 212
Starting cap +13.0% +15.0%
Can still gain 5.8% not published
Fall before buffer 6.5% 9.7%
Protection left, index points 20.0% of 20.0% 15.0% of 15.0%
Index return this period +14.0% +10.8%
Fund return this period +6.0% +6.2%
State today At cap Open
Expense ratio 0.90% 0.30%
Net assets $128m $2m

QCAP and QQMY on the same fields, as of Oct 1, 2026. Source: ETFIQ.

QCAP in plain words

QQQ had already risen past this fund's cap of +13.0% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 5.8% as the period runs out. The fund's price can fall 6.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 12.3% 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 QQQ level. 198 days remained on Oct 1, 2026. On Apr 16, 2027 the period ends and a new cap is set.

QQMY in plain words

The fund's price can fall 9.7% 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.

Questions people ask

Which resets first, QCAP or QQMY?
QCAP ends its outcome period on Apr 16, 2027 and QQMY on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, QCAP or QQMY?
QCAP charges 0.90% a year and QQMY charges 0.30%, so QQMY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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, QCAP against QQMY, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/qcap-vs-qqmy

Open data

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