SCAU vs SMAY: Grades, Fees and Holdings Compared

Corgi U.S. Small-Cap 15% Structured Buffer ETF - August Series

SCAUCCboe

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

SMAYDCboe

Overlap

0.0%by weight

Expense ratio

SCAU −0.60pt a year

SCAU0.30%SMAY0.90%

Avg volume · 30D

SMAY 1.7×the volume

SCAU4.21KSMAY7.11K

SCAU vs SMAY Performance

Aug 5, 2026 – Nov 5, 2026

−4.7%SCAU−4.4%SMAY

Expense ratio: SCAU 0.30%, better; SMAY 0.90%
Fund size: SCAU $1M; SMAY $112M
1Y total return: SCAU No data; SMAY +7.1%
Holdings: SCAU 4; SMAY 3
Avg volume (30D): SCAU 4.21K sh; SMAY 7.11K sh, better
NAV per share: SCAU $24.77; SMAY $28.05
52W range

ETF.net Grade

Pillar letters and Scores for SCAU, SMAY, with each pillar’s weight
Pillar	SCAU	SMAY
Cost30% weight	A93Higher	F8
Mission25% weight	Not scored	Not scored
Risk15% weight	D26	C45Higher
Tradability15% weight	C45Higher	D29
Holdings10% weight	Not scored	B60
Durability5% weight	F5	A79Higher

Rank among Russell 2000 Buffer 15% funds

How we build Categories ›

Same Category. SCAU 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 ›

SCAU ranks 7th and SMAY 14th of 14 funds in the Russell 2000 Buffer 15% Category.

Rank 7CRBProShares Russell 2000 Dynamic Buffer ETFScore 40
Rank 7CSCAUCorgi U.S. Small-Cap 15% Structured Buffer ETF - August SeriesScore 40
Rank 7CSCJLCorgi U.S. Small-Cap 15% Structured Buffer ETF - July SeriesScore 40
Rank 13DSNOVFT Vest U.S. Small Cap Moderate Buffer ETF - NovemberScore 35
Rank 14DSMAYFT Vest U.S. Small Cap Moderate Buffer ETF - MayScore 26

Our read on each fund

ETF.net Research

SCAUCCorgi U.S. Small-Cap 15% Structured Buffer ETF - August Series

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

In short

SCAU 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

SCAU 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

SCAU 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

SCAU 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 SCAU profile⁠

Full SMAY profile⁠

SCAU vs SMAY Holdings

How SCAU and SMAY differ

Overlap by weight

0.0%

About this figure: SMAY holds other funds. We compare those funds, not the stocks inside them.

Level by level

Holdings0 in both0.0%
Sector11 Sectors98.9%
Countryby domicile99.9%

Sector

Sector weights in SCAU and SMAY, widest gap first
Sector	Gap	SCAU	SMAY
Industrials	SMAY +0.8 points	12.6%	13.4%
Energy	SCAU +0.4 points	6.7%	6.3%
Health Care	SCAU +0.3 points	21.2%	20.9%
Materials	SMAY +0.1 points	4.2%	4.3%
Consumer Discretionary	SCAU +0.2 points	8.8%	8.6%
Financials	SCAU +0.1 points	18.1%	18.0%
Communication	SMAY +0.1 points	2.2%	2.3%
Utilities	SCAU +0.1 points	2.8%	2.7%
Technology	SCAU +0.1 points	14.4%	14.4%
Real Estate	SMAY +0.1 points	6.4%	6.5%
Consumer Staples	Same weight	2.6%	2.6%

Country, concentration and asset class

Country by domicile

Country weights in SCAU and SMAY, widest gap first
Country	Gap	SCAU	SMAY
United States	SCAU +0.1 points	98.5%	98.4%
Brazil	Same weight	0.6%	0.6%
Switzerland	Same weight	0.3%	0.3%
Canada	Same weight	0.2%	0.2%
United Kingdom	SMAY +0.1 points	0.1%	0.2%
Taiwan	Same weight	0.1%	0.1%
Norway	SMAY +0.1 points	0.0%	0.1%
Singapore	SMAY +0.1 points	0.0%	0.1%
Other countries (5)	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

SCAU103.2%
SMAY102.3%

Securities held

SCAU3
SMAY2

Asset class

SCAU: Alternatives
SMAY: Multi-Asset

Holdings

Only in SCAU3
In both0
Only in SMAY2

Only in SCAU

3 securities, 100% of SCAU by weight

Iwm 07/30/2027 59.24 C76.31%
United States Treasury Note/Bond 2.75% 07/31/202718.60%
Iwm 07/30/2027 296.22 P7.25%

Only in SMAY

2 securities, 100% of SMAY by weight

2027-05-21 iShares Russell 2000 ETF C 2.7897.45%
2027-05-21 iShares Russell 2000 ETF P 277.604.04%

Weight gaps

SCAU and SMAY share no securities.

All SCAU holdings⁠All 4 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.

SCAU vs SMAY Cost

Overpaying SMAY vs SCAU

$10,891

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

SCAU 0.30%
$6,149
SMAY 0.90%
$17,040

Amount$10,000

Years30 years

Cost over time

SCAU 0.30%
SMAY 0.90%
Overpaying

Year by year

Year	SCAU	SMAY	Overpaying
10	$545	$1,593	$1,048
20	$2,113	$6,015	$3,902
30	$6,149	$17,040	$10,891

Expense ratio

0.30%SCAU, cheaper
0.90%SMAY

SCAU0.30%SMAY0.90%

0.30%1.01%

Middle half of Russell 2000 Buffer 15% funds
Median 0.77%

SCAU cheapest of 14 funds

SMAY 12th cheapest of 14 funds

SCAU vs SMAY Dividends

Last 12 months to Nov 5, 2026

Payout (12M): SCAU None; SMAY None

Distribution history

SCAUAll SCAU payments⁠

No distribution history available.

SMAYAll SMAY payments⁠

No distribution history available.

SCAU vs SMAY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCAU No dataSMAY 9.3%
Return per unit of riskSharpe ratio, 3 years: SCAU No dataSMAY 0.82
Worst fallMax drawdown, 5 years: SCAU No dataSMAY −14.5%since May 2023
Market sensitivityBeta, 5 years: SCAU 0.00SMAY 0.58; Market = 1

Popular comparisons

SCAUCvsQBKFB
Corgi U.S. Small-Cap 15% Structured Buffer ETF - August Series · Allianzim U.S. Small Cap Buffer15 ETF
Expense ratio
0.30% · 0.74%
Category
SMAYDvsQBKFB
FT Vest U.S. Small Cap Moderate Buffer ETF - May · Allianzim U.S. Small Cap Buffer15 ETF
Expense ratio
0.90% · 0.74%
Category
SCAUCvsQBKVB
Corgi U.S. Small-Cap 15% Structured Buffer ETF - August Series · Allianzim U.S. Small Cap Buffer5 ETF
Expense ratio
0.30% · 0.74%
Category
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
SCAUCvsKOCTB
Corgi U.S. Small-Cap 15% Structured Buffer ETF - August Series · Innovator U.S. Small Cap Power Buffer ETF
Expense ratio
0.30% · 0.79%
Category
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