FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY)
FMAY is a passive ETF by First Trust tracking the investment results of the Cboe S&P 500 Buffer Protect Index May Series. FMAY launched on May 15, 2020 and has a 0.85% expense ratio.
ETF Info
May 15, 2020
1x
Cboe S&P 500 Buffer Protect Index May Series
Large-Cap
Blend
Expense Ratio
FMAY has an expense ratio of 0.85%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) returned 2.26% year-to-date (YTD) and 11.49% over the past 12 months.
FMAY
2.26%
6.34%
1.59%
11.49%
10.00%
8.98%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FMAY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.90% | -0.47% | -4.00% | -1.04% | 6.13% | 2.26% | |||||||
| 2024 | 1.10% | 2.14% | 1.00% | 0.19% | 0.79% | 2.31% | 0.74% | 2.02% | 1.35% | -0.39% | 3.35% | -0.94% | 14.45% |
| 2023 | 4.21% | -1.88% | 2.42% | 0.84% | 0.38% | 4.52% | 1.83% | -0.55% | -2.94% | -1.44% | 6.48% | 3.09% | 17.83% |
| 2022 | -1.81% | -1.30% | 2.63% | -6.22% | 1.88% | -5.47% | 6.26% | -2.41% | -6.76% | 5.96% | 4.00% | -3.96% | -8.08% |
| 2021 | -0.47% | 1.42% | 1.22% | 0.20% | 1.20% | 1.28% | 1.26% | 1.60% | -2.33% | 3.58% | -0.66% | 2.31% | 11.00% |
| 2020 | 1.49% | 0.95% | 2.54% | 2.13% | -0.92% | -0.88% | 4.60% | 0.62% | 10.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMAY is 74, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FT Cboe Vest U.S. Equity Buffer ETF - May. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FT Cboe Vest U.S. Equity Buffer ETF - May was 13.60%, occurring on Oct 12, 2022. Recovery took 167 trading sessions.
The current FT Cboe Vest U.S. Equity Buffer ETF - May drawdown is 0.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.6% | Mar 30, 2022 | 136 | Oct 12, 2022 | 167 | Jun 13, 2023 | 303 |
| -13.12% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -6.13% | Jan 4, 2022 | 44 | Mar 8, 2022 | 15 | Mar 29, 2022 | 59 |
| -6.12% | Aug 1, 2023 | 63 | Oct 27, 2023 | 12 | Nov 14, 2023 | 75 |
| -5.18% | Jul 17, 2024 | 14 | Aug 5, 2024 | 12 | Aug 21, 2024 | 26 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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