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QBKF vs SMAY

Allianzim U.S. Small Cap Buffer15 ETF

QBKFBCboe

FT Vest U.S. Small Cap Moderate Buffer ETF - May

SMAYDCboe

Overlap

Expense ratio

QBKF −0.16pt a year

QBKF0.74%SMAY0.90%

Avg volume · 30D

SMAY 4.1×the volume

QBKF1.72KSMAY7.11K

QBKF vs SMAY Performance

Aug 5, 2026 – Nov 5, 2026

−0.8%QBKF−4.4%SMAY

Aug 5, 2026 to Nov 5, 2026. QBKF −0.8%. SMAY −4.4%. Use the arrow keys to read each point.−3%−2%0%1%Aug 2026Sep 2026Nov 2026
Expense ratio
QBKF 0.74%, better
SMAY 0.90%
Fund size
QBKF $9M
SMAY $112M
1Y total return
QBKF No data
SMAY +7.1%
Holdings
QBKF 3
SMAY 3
Avg volume (30D)
QBKF 1.72K sh
SMAY 7.11K sh, better
NAV per share
QBKF $26.26
SMAY $28.05
52W range

ETF.net Grade

QBKF: Cost 73, Risk 88, Mission not scored, Tradability 38, Holdings 56, Durability 25. SMAY: Cost 8, Risk 45, Mission not scored, Tradability 29, Holdings 60, Durability 79.
Pillar letters and Scores for QBKF, SMAY, with each pillar’s weight
PillarQBKFSMAY
Cost30% weightA73HigherF8
Mission25% weightNot scoredNot scored
Risk15% weightA88HigherC45
Tradability15% weightD38HigherD29
Holdings10% weightB56B60Higher
Durability5% weightD25A79Higher

Rank among Russell 2000 Buffer 15% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QBKF and SMAY are both graded against the same 14 Russell 2000 Buffer 15% funds, so their Grades compare head to head.

Russell 2000 Buffer 15%⁠

Category · 14 funds
See all 14 ›

QBKF ranks 1st and SMAY 14th of 14 funds in the Russell 2000 Buffer 15% Category.

  1. Rank 1BQBKFAllianzim U.S. Small Cap Buffer15 ETFScore 64
  2. Rank 2BQBKVAllianzim U.S. Small Cap Buffer5 ETFScore 59
  3. Rank 13DSNOVFT Vest U.S. Small Cap Moderate Buffer ETF - NovemberScore 35
  4. Rank 14DSMAYFT Vest U.S. Small Cap Moderate Buffer ETF - MayScore 26

Our read on each fund

ETF.net Research

QBKFBAllianzim U.S. Small Cap Buffer15 ETF

SMAYDFT Vest U.S. Small Cap Moderate Buffer ETF - May

In short

QBKF No data

SMAY Small caps with a seatbelt. SMAY absorbs the first 15% of a price decline in the Russell 2000 ETF over each one-year outcome period, trading that cushion for a ceiling on the upside. The clock resets every May.

Stated mandate

QBKF No data

SMAY The Fund seeks price-return participation in the iShares Russell 2000 ETF up to a 19.15% cap, while protecting the first 15% of losses during the May 18, 2026–May 21, 2027 outcome period.

Why people hold it

QBKF No data

  • SMAY The 15% buffer is written into the fund's design, not a target: over a full outcome period it takes the first 15% of a price drop in the iShares Russell 2000 ETF before you feel it.
  • Defined-outcome mechanics point at small caps, a corner of the buffer market where the field is thin and the reference is a single, widely held Russell 2000 fund.
  • The May start date lets you stagger entry across the calendar alongside other dated small-cap buffer funds (KJAN, KAPR, KJUL, KOCT) instead of betting on one reset month.
  • What's inside matches what's on the label: options tied to one reference fund, no drift, no side bets.

Worth knowing

QBKF No data

  • SMAY The buffer and the cap belong to the full outcome period. Buy in the middle and you get whatever cushion and headroom are left, not the stated 15%.
  • At 0.90% a year, it sits above the 0.79% charged by the Innovator small-cap buffer funds running the same playbook.
  • It trades lightly, so spreads at the point of entry or exit can matter more than they would in a busier fund.

Full QBKF profile⁠

Full SMAY profile⁠

QBKF vs SMAY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QBKF vs SMAY Cost

Overpaying SMAY vs QBKF

$2,733

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QBKF 0.74%

    $14,307

  • SMAY 0.90%

    $17,040

$10,000
30 years

Cost over time

  • QBKF 0.74%
  • SMAY 0.90%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SMAY $17,040QBKF $14,307

Year by year

YearQBKFSMAYOverpaying
10$1,319$1,593$274
20$5,015$6,015$1,000
30$14,307$17,040$2,733

Expense ratio

  • 0.74%QBKF, cheaper
  • 0.90%SMAY
  • Middle half of Russell 2000 Buffer 15% funds
  • Median 0.77%

QBKF 6th cheapest of 14 funds

SMAY 12th cheapest of 14 funds

QBKF vs SMAY Dividends

Last 12 months to Nov 5, 2026
Payout (12M)
QBKF None
SMAY None

Distribution history

QBKFAll QBKF payments⁠

No distribution history available.

SMAYAll SMAY payments⁠

No distribution history available.

QBKF vs SMAY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QBKF No dataSMAY 9.3%
Return per unit of riskSharpe ratio, 3 years
QBKF No dataSMAY 0.82
Worst fallMax drawdown, 5 years
QBKF No dataSMAY −14.5%since May 2023
Market sensitivityBeta, 5 years
QBKF 0.12SMAY 0.58

Popular comparisons

  • QBKFBvsQBKVB

    Allianzim U.S. Small Cap Buffer15 ETF · Allianzim U.S. Small Cap Buffer5 ETF

    Expense ratio
    0.74% · 0.74%
    Category
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  • SMAYDvsQBKVB

    FT Vest U.S. Small Cap Moderate Buffer ETF - May · Allianzim U.S. Small Cap Buffer5 ETF

    Expense ratio
    0.90% · 0.74%
    Category
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  • QBKFBvsKOCTB

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    Expense ratio
    0.74% · 0.79%
    Category
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  • SMAYDvsKOCTB

    FT Vest U.S. Small Cap Moderate Buffer ETF - May · Innovator U.S. Small Cap Power Buffer ETF

    Expense ratio
    0.90% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QBKFBvsKAPRC

    Allianzim U.S. Small Cap Buffer15 ETF · Innovator U.S. Small Cap Power Buffer ETF - April

    Expense ratio
    0.74% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SMAYDvsKAPRC

    FT Vest U.S. Small Cap Moderate Buffer ETF - May · Innovator U.S. Small Cap Power Buffer ETF - April

    Expense ratio
    0.90% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.