Which resets first, SCJN or SMAY?

SCJN ends its outcome period on May 31, 2027 and SMAY on May 21, 2027. A new cap is set the day after each.

Which is cheaper, SCJN or SMAY?

SCJN charges 0.30% a year and SMAY charges 0.90%, so SCJN is cheaper. Fees come from each fund's prospectus.

SCJN vs SMAY: which one stands where?

As of Oct 1, 2026 SMAY can fall 2.6% before its buffer engages and SCJN 0.0%, and SMAY resets 10 days sooner. Corgi U.S. Small-Cap 15% Structured Buffer ETF and FT Vest U.S. Small Cap Moderate Buffer ETF - May.

SCJNBuffer working

SCJN: reference −3.8% since period start, fund −0.4%; buffer 0 to −15; cap +19.6%; Buffer working.

SMAYBetween buffer and cap

SMAY: reference +0.1% since period start, fund +1.8%; buffer 0 to −15; cap +19.1%; Between buffer and cap.

ETFIQ Downside Cover Score · SMAY scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

SCJN 49.3

SMAY 83.8

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

SMAY resets first, on May 21, 2027, 233 days from now; SCJN runs to May 31, 2027, 243 days. A fall from here reaches SCJN’s buffer after 0.0% and SMAY’s after 2.6%. Both track IWM, 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 return		Gap to the reference
Window	SCJN	SMAY	SCJN	SMAY
3 months	−2.8%	−2.3%	+4.2 pts	+4.6 pts
6 months	not published	+4.9%	not published	−7.0 pts
1 year	not published	+9.3%	not published	−6.7 pts
3 years	not published	+36.1%	not published	−26.4 pts

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

On the same fields

SCJN

Corgi U.S. Small-Cap 15% Structured Buffer ETF · Absorbs the first 15% of loss on IWM and caps the gain at 19.6%, over a period ending May 31, 2027

SMAY

FT Vest U.S. Small Cap Moderate Buffer ETF - May · Absorbs the first 15% of loss on IWM and caps the gain at 19.1%, over a period ending May 21, 2027

Issuer Corgi First Trust

Reference index IWM IWM

Buffer 15% 15%

Outcome period Jun 1, 2026 to May 31, 2027 May 18, 2026 to May 21, 2027

Days left 243 233

Starting cap +19.6% +19.1%

Can still gain not published 16.2%

Fall before buffer 0.0% 2.6%

Protection left, index points 11.2% of 15.0% 15.0% of 15.0%

Index return this period −3.8% +0.1%

Fund return this period −0.4% +1.8%

State today Buffer working Open

Expense ratio 0.30% 0.90%

Net assets $1m $111m

SCJN and SMAY on the same fields, as of Oct 1, 2026. Source: ETFIQ.

SCJN in plain words

Protection left, in index points: 11.2% of the 15.0% buffer still sits below today's IWM level. 243 days remained on Oct 1, 2026. On May 31, 2027 the period ends and a new cap is set.

SMAY in plain words

From its price on Oct 1, 2026, the fund can gain about 16.2% more before it reaches its cap. The fund's price can fall 2.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IWM can fall 0.1% 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 IWM level. 233 days remained on Oct 1, 2026. On May 21, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, SCJN or SMAY?: SCJN ends its outcome period on May 31, 2027 and SMAY on May 21, 2027. A new cap is set the day after each.
Which is cheaper, SCJN or SMAY?: SCJN charges 0.30% a year and SMAY charges 0.90%, so SCJN is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCJN vs KJUN SMAY vs KJUN

iShares Russell 2000 ETF →SCJN on its own →SMAY on its own →How every figure is computed →Standards and sources →

Where these figures came from

Corgi website ↗SMAY filings on SEC EDGAR ↗First Trust page for SMAY ↗

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, SCJN against SMAY, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/scjn-vs-smay

Open data

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