ABIG vs. FMAY

Last updated Apr 16, 2026

ABIG (Argent Large Cap ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. ABIG is actively managed, while FMAY is passively managed. Over the past year, ABIG returned 17.00% vs 22.59% for FMAY. Their correlation of 0.90 suggests significant overlap in exposure. ABIG charges 0.49%/yr vs 0.85%/yr for FMAY.

Performance

ABIG vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argent Large Cap ETF (ABIG) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABIG achieves a -0.55% return, which is significantly lower than FMAY's 2.71% return.

ABIG

• 1D: 0.80%
• 1M: 5.74%
• YTD: -0.55%
• 6M: 1.63%
• 1Y: 17.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMAY

• 1D: 0.19%
• 1M: 2.74%
• YTD: 2.71%
• 6M: 5.38%
• 1Y: 22.59%
• 3Y*: 14.03%
• 5Y*: 9.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABIG vs. FMAY - Yearly Performance Comparison

	2026 (YTD)	2025
ABIG Argent Large Cap ETF	-0.55%	16.95%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	2.71%	18.49%

Correlation

The correlation between ABIG and FMAY is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	0.90

The correlation between ABIG and FMAY has been stable across timeframes, ranging from 0.89 to 0.90 — a consistent structural relationship.

Return for Risk

ABIG vs. FMAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABIG

ABIG Risk / Return Rank: 23
ABIG Sharpe Ratio Rank: 25
ABIG Sortino Ratio Rank: 25
ABIG Omega Ratio Rank: 25
ABIG Calmar Ratio Rank: 20
ABIG Martin Ratio Rank: 23

FMAY

FMAY Risk / Return Rank: 90
FMAY Sharpe Ratio Rank: 84
FMAY Sortino Ratio Rank: 92
FMAY Omega Ratio Rank: 92
FMAY Calmar Ratio Rank: 87
FMAY Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABIG vs. FMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argent Large Cap ETF (ABIG) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ABIG	FMAY	Difference
Sharpe ratio Return per unit of total volatility	1.20	2.90	-1.70
Sortino ratio Return per unit of downside risk	1.73	4.58	-2.86
Omega ratio Gain probability vs. loss probability	1.22	1.64	-0.43
Calmar ratio Return relative to maximum drawdown	1.28	5.39	-4.11
Martin ratio Return relative to average drawdown	4.55	28.59	-24.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABIG vs. FMAY - Sharpe Ratio Comparison

The current ABIG Sharpe Ratio is 1.20, which is lower than the FMAY Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of ABIG and FMAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABIG	FMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	2.90	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.99	+0.11

Drawdowns

ABIG vs. FMAY - Drawdown Comparison

The maximum ABIG drawdown since its inception was -13.70%, roughly equal to the maximum FMAY drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for ABIG and FMAY.

Drawdown Indicators

	ABIG	FMAY	Difference
Max Drawdown Largest peak-to-trough decline	-13.70%	-13.60%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-13.70%	-4.22%	-9.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.60%	—
Current Drawdown Current decline from peak	-3.49%	0.00%	-3.49%
Average Drawdown Average peak-to-trough decline	-2.40%	-2.05%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	0.80%	+3.06%

Volatility

ABIG vs. FMAY - Volatility Comparison

Argent Large Cap ETF (ABIG) has a higher volatility of 5.78% compared to FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) at 3.57%. This indicates that ABIG's price experiences larger fluctuations and is considered to be riskier than FMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABIG	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	3.57%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	4.91%	+5.39%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	7.88%	+6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	10.59%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	10.25%	+4.45%

ABIG vs. FMAY - Expense Ratio Comparison

ABIG has a 0.49% expense ratio, which is lower than FMAY's 0.85% expense ratio.

Dividends

ABIG vs. FMAY - Dividend Comparison

ABIG's dividend yield for the trailing twelve months is around 0.10%, while FMAY has not paid dividends to shareholders.

	TTM	2025
ABIG Argent Large Cap ETF	0.10%	0.10%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%	0.00%