ALRG vs. FMAY

Last updated Jun 24, 2026

ALRG (Allspring LT Large Core ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. ALRG is actively managed, while FMAY is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. ALRG charges 0.28%/yr vs 0.85%/yr for FMAY.

Performance

ALRG vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring LT Large Core ETF (ALRG) 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, ALRG achieves a 5.94% return, which is significantly higher than FMAY's 3.95% return.

ALRG

• 1D: -0.97%
• 1M: -2.19%
• YTD: 5.94%
• 6M: 5.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMAY

• 1D: -0.84%
• 1M: -0.64%
• YTD: 3.95%
• 6M: 3.89%
• 1Y: 13.09%
• 3Y*: 13.13%
• 5Y*: 9.01%
• 10Y*: —

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

ALRG vs. FMAY - Yearly Performance Comparison

	2026 (YTD)	2025
ALRG Allspring LT Large Core ETF	5.94%	11.78%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	3.95%	6.78%

Correlation

The correlation between ALRG and FMAY is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.92

ALRG vs. FMAY - Sectors Allocation Comparison

Sectors	ALRG	FMAY
Technology	33.5%	39.0%
Financial Services	13.1%	11.1%
Industrials	11.1%	7.8%
Communication Services	10.1%	10.6%
Consumer Cyclical	9.4%	9.9%
Healthcare	6.2%	8.3%
Energy	2.4%	3.1%
Consumer Defensive	2.4%	4.5%
Basic Materials	0.8%	1.7%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

ALRG vs. FMAY — Risk / Return Rank

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

ALRG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FMAY

FMAY Risk / Return Rank: 74
FMAY Sharpe Ratio Rank: 68
FMAY Sortino Ratio Rank: 70
FMAY Omega Ratio Rank: 77
FMAY Calmar Ratio Rank: 68
FMAY Martin Ratio Rank: 86

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.

ALRG vs. FMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring LT Large Core ETF (ALRG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALRG	FMAY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.01	—
Sortino ratio: Return per unit of downside risk	—	2.88	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.12	—
Martin ratio: Return relative to average drawdown	—	16.70	—

Drawdowns

ALRG vs. FMAY - Drawdown Comparison

The maximum ALRG drawdown since its inception was -9.27%, smaller than the maximum FMAY drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for ALRG and FMAY.

Drawdown Indicators

	ALRG	FMAY	Difference
Max Drawdown Largest peak-to-trough decline	-9.27%	-13.60%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.60%	—
Current Drawdown Current decline from peak	-3.79%	-1.74%	-2.05%
Average Drawdown Average peak-to-trough decline	-1.36%	-2.00%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	ALRG	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	6.55%	+6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	10.66%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	10.17%	+2.67%

ALRG vs. FMAY - Expense Ratio Comparison

ALRG has a 0.28% expense ratio, which is lower than FMAY's 0.85% expense ratio.

Dividends

ALRG vs. FMAY - Dividend Comparison

ALRG's dividend yield for the trailing twelve months is around 0.44%, while FMAY has not paid dividends to shareholders.

Position	TTM	2025
ALRG Allspring LT Large Core ETF	0.44%	0.47%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALRG and FMAY in my portfolio?

With a correlation of 0.92, ALRG and FMAY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ALRG or FMAY?

On fees, ALRG is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALRG or FMAY?

ALRG is cheaper with a 0.28% expense ratio, compared with 0.85% for FMAY.

Which ETF pays a higher dividend yield, ALRG or FMAY?

ALRG has the higher dividend yield at 0.44%, compared with 0.00% for FMAY.

What is the main difference between ALRG and FMAY?

They also come from different issuers: Allspring and First Trust. Their fees differ too: 0.28% for ALRG and 0.85% for FMAY.