APRB vs. SMAY
APRB (Aptus April Buffer ETF) and SMAY (FT Vest U.S. Small Cap Moderate Buffer ETF - May) are both Defined Outcome funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. APRB charges 0.25%/yr vs 0.90%/yr for SMAY.
Performance
APRB vs. SMAY - Performance Comparison
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Returns By Period
In the year-to-date period, APRB achieves a 4.53% return, which is significantly lower than SMAY's 8.20% return.
APRB
- 1D
- -0.22%
- 1M
- 0.19%
- YTD
- 4.53%
- 6M
- 4.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMAY
- 1D
- -0.52%
- 1M
- 1.87%
- YTD
- 8.20%
- 6M
- 7.79%
- 1Y
- 18.67%
- 3Y*
- 11.19%
- 5Y*
- —
- 10Y*
- —
APRB vs. SMAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APRB Aptus April Buffer ETF | 4.53% | 2.48% |
SMAY FT Vest U.S. Small Cap Moderate Buffer ETF - May | 8.20% | 2.12% |
Correlation
The correlation between APRB and SMAY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.70 |
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Return for Risk
APRB vs. SMAY — Risk / Return Rank
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMAY
APRB vs. SMAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus April Buffer ETF (APRB) and FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY). 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.
| APRB | SMAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.24 | — |
| Martin ratioReturn relative to average drawdown | — | 24.96 | — |
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Drawdowns
APRB vs. SMAY - Drawdown Comparison
The maximum APRB drawdown since its inception was -4.59%, smaller than the maximum SMAY drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for APRB and SMAY.
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Drawdown Indicators
| APRB | SMAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.59% | -14.44% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.00% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.44% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.52% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -2.51% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.75% | — |
Volatility
APRB vs. SMAY - Volatility Comparison
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Volatility by Period
| APRB | SMAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 7.62% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 10.23% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 10.23% | -4.26% |
APRB vs. SMAY - Expense Ratio Comparison
APRB has a 0.25% expense ratio, which is lower than SMAY's 0.90% expense ratio.
Dividends
APRB vs. SMAY - Dividend Comparison
Neither APRB nor SMAY has paid dividends to shareholders.
Frequently Asked Questions
APRB and SMAY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.90% for SMAY.
APRB and SMAY have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and First Trust. Their fees differ too: 0.25% for APRB and 0.90% for SMAY.
Find the right allocation for APRB and SMAY
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