FT Vest U.S. Equity Dual Directional Buffer ETF - August (DLAG) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DLAG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DLAG
DLAG charges 0.85% annually. There are 209 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | DLAG vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | DLAG vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | DLAG vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | DLAG vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | DLAG vs FBUF |
Best Risk-Adjusted Alternatives to DLAG
Among 220 ETFs in the Defined Outcome category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | DLAG vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | DLAG vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | DLAG vs CPSP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 98 | — | Apr 2025 | DLAG vs APXM | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | DLAG vs ZAPR |
Top Performing DLAG Alternatives (YTD)
DLAG is at 4.75% YTD. There are 119 ETFs in the Defined Outcome category with higher YTD returns, going as high as 14.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 14.63% | — | Aug 2025 | DLAG vs NVDO | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 11.34% | 557.94M | Mar 2021 | DLAG vs QMAR | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 10.58% | — | Jan 2025 | DLAG vs KFEB | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 10.55% | 7.34M | Dec 2024 | DLAG vs PQAP | |
| Innovator Russell 2000 Power Buffer ETF - April | 10.16% | 214.88M | Mar 2020 | DLAG vs KAPR |
Lowest Volatility Alternatives to DLAG
DLAG has 6.54% 1-year volatility. There are 156 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.07% | — | Apr 2025 | DLAG vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | 1.17% | — | Mar 2025 | DLAG vs PMAP | |
| PGIM S&P 500 Max Buffer ETF - May | 1.18% | — | Apr 2025 | DLAG vs PMMY | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | DLAG vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.43% | 18.90M | Apr 2025 | DLAG vs CPSP |
Lowest Drawdown Alternatives to DLAG
Among 220 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | DLAG vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.35% | — | Mar 2025 | DLAG vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | DLAG vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | DLAG vs CPSP | |
| FT Vest U.S. Equity Max Buffer ETF - April | -0.38% | — | Apr 2025 | DLAG vs APXM |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With DLAG
Investors most often compare DLAG with PMSE, EAPR, LJUL. These 10 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - September | Defined Outcome, S&P 500 | — | 2.58% | — | Aug 2025 | DLAG vs PMSE | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | Defined Outcome | 84 | 7.71% | 100.91M | Mar 2021 | DLAG vs EAPR | |
| Innovator Premium Income 15 Buffer ETF - July | Defined Outcome | 97 | 1.87% | — | Jun 2024 | DLAG vs LJUL | |
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 97 | 1.80% | — | May 2025 | DLAG vs ZMAY | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 91 | 3.97% | 154.43M | Jun 2024 | DLAG vs PBFR | |
| PGIM S&P 500 Max Buffer ETF - August | Defined Outcome, S&P 500 | — | 2.78% | — | Jul 2025 | DLAG vs PMAU | |
| iShares Large Cap Max Buffer Sep ETF | Defined Outcome | 93 | 2.81% | — | Sep 2024 | DLAG vs SMAX | |
| FT Vest Emerging Markets Buffer ETF - March | Defined Outcome | 85 | 10.14% | — | Mar 2025 | DLAG vs TMAR | |
| Innovator Equity Dual Directional 15 Buffer ETF - ... | Defined Outcome | — | 2.76% | — | Jun 2025 | DLAG vs DDFL | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | Defined Outcome, Nasdaq-100 | — | 6.95% | 2.34M | Jun 2025 | DLAG vs QB |
Compare DLAG with Any Fund or Stock
Compare DLAG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DLAG with funds that move differently
FT Vest U.S. Equity Dual Directional Buffer ETF - August alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DLAG.
Explore DLAG Diversifiers