AVRY vs. BUFX

Last updated Jun 4, 2026

AVRY (Avory Foundational ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - AVRY is a Large Cap Blend Equities fund actively managed by Avory & Co., while BUFX is a Defined Outcome fund managed by First Trust. A 0.55 correlation means they provide meaningful diversification when combined. AVRY charges 0.89%/yr vs 0.96%/yr for BUFX.

Performance

AVRY vs. BUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avory Foundational ETF (AVRY) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVRY

• 1D: -2.89%
• 1M: -0.52%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFX

• 1D: -0.05%
• 1M: 1.35%
• YTD: 4.10%
• 6M: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVRY vs. BUFX - Yearly Performance Comparison

	2026 (YTD)
AVRY Avory Foundational ETF	-7.09%
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	3.73%

Correlation

The correlation between AVRY and BUFX is 0.55, 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 Jan 23, 2026	0.55

Return for Risk

AVRY vs. BUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avory Foundational ETF (AVRY) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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.

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

Sharpe Ratios by Period

	AVRY	BUFX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	2.68	-3.32

Drawdowns

AVRY vs. BUFX - Drawdown Comparison

The maximum AVRY drawdown since its inception was -21.58%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for AVRY and BUFX.

Drawdown Indicators

	AVRY	BUFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.58%	-2.87%	-18.71%
Current Drawdown Current decline from peak	-8.49%	-0.07%	-8.42%
Average Drawdown Average peak-to-trough decline	-11.91%	-0.24%	-11.67%

Volatility

Volatility by Period

	AVRY	BUFX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.05%	3.98%	+25.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.05%	3.98%	+25.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.05%	3.98%	+25.07%

AVRY vs. BUFX - Expense Ratio Comparison

AVRY has a 0.89% expense ratio, which is lower than BUFX's 0.96% expense ratio.

Dividends

AVRY vs. BUFX - Dividend Comparison

Neither AVRY nor BUFX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AVRY and BUFX in my portfolio?

AVRY and BUFX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVRY or BUFX?

On fees, AVRY is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVRY or BUFX?

AVRY is cheaper with a 0.89% expense ratio, compared with 0.96% for BUFX.

Which ETF pays a higher dividend yield, AVRY or BUFX?

AVRY and BUFX have nearly identical dividend yields, around 0.00%.

What is the main difference between AVRY and BUFX?

AVRY is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: Avory & Co. and First Trust. Their fees differ too: 0.89% for AVRY and 0.96% for BUFX.