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BUFB vs. BUFD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BUFB and BUFD is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

BUFB vs. BUFD

Last updated Jun 1, 2025

Compare and contrast key facts about Innovator Laddered Allocation Buffer ETF (BUFB) and FT Cboe Vest Fund of Deep Buffer ETF (BUFD).

BUFB and BUFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFB is a passively managed fund by Innovator that tracks the performance of the MerQube U.S. Large Cap Equity Buffer Laddered Index - Benchmark TR Gross. It was launched on Feb 8, 2022. BUFD is an actively managed fund by First Trust. It was launched on Jan 20, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFB or BUFD.

Performance

BUFB vs. BUFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Laddered Allocation Buffer ETF (BUFB) and FT Cboe Vest Fund of Deep Buffer ETF (BUFD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BUFB:

0.73

BUFD:

0.80

Sortino Ratio

BUFB:

1.05

BUFD:

1.11

Omega Ratio

BUFB:

1.16

BUFD:

1.17

Calmar Ratio

BUFB:

0.65

BUFD:

0.73

Martin Ratio

BUFB:

2.72

BUFD:

2.95

Ulcer Index

BUFB:

3.30%

BUFD:

2.52%

Daily Std Dev

BUFB:

13.53%

BUFD:

9.89%

Max Drawdown

BUFB:

-14.88%

BUFD:

-10.75%

Current Drawdown

BUFB:

-1.89%

BUFD:

-1.30%

Returns By Period

In the year-to-date period, BUFB achieves a 1.24% return, which is significantly higher than BUFD's 0.94% return.

BUFB

YTD

1.24%

1M

4.20%

6M

0.35%

1Y

9.38%

3Y*

11.52%

5Y*

N/A

10Y*

N/A

BUFD

YTD

0.94%

1M

3.37%

6M

0.35%

1Y

7.47%

3Y*

8.41%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Innovator Laddered Allocation Buffer ETF

FT Cboe Vest Fund of Deep Buffer ETF

BUFB vs. BUFD - Expense Ratio Comparison

BUFB has a 0.89% expense ratio, which is lower than BUFD's 1.05% expense ratio.

BUFD
FT Cboe Vest Fund of Deep Buffer ETF
BUFB
Innovator Laddered Allocation Buffer ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BUFB vs. BUFD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BUFB
The Risk-Adjusted Performance Rank of BUFB is 6464
Overall Rank
The Sharpe Ratio Rank of BUFB is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of BUFB is 6060
Sortino Ratio Rank
The Omega Ratio Rank of BUFB is 6767
Omega Ratio Rank
The Calmar Ratio Rank of BUFB is 6464
Calmar Ratio Rank
The Martin Ratio Rank of BUFB is 6565
Martin Ratio Rank
BUFD
The Risk-Adjusted Performance Rank of BUFD is 6868
Overall Rank
The Sharpe Ratio Rank of BUFD is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of BUFD is 6464
Sortino Ratio Rank
The Omega Ratio Rank of BUFD is 7070
Omega Ratio Rank
The Calmar Ratio Rank of BUFD is 6969
Calmar Ratio Rank
The Martin Ratio Rank of BUFD is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BUFB vs. BUFD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Allocation Buffer ETF (BUFB) and FT Cboe Vest Fund of Deep Buffer ETF (BUFD). 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.

The current BUFB Sharpe Ratio is 0.73, which is comparable to the BUFD Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of BUFB and BUFD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BUFB vs. BUFD - Dividend Comparison

Neither BUFB nor BUFD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BUFB vs. BUFD - Drawdown Comparison

The maximum BUFB drawdown since its inception was -14.88%, which is greater than BUFD's maximum drawdown of -10.75%. Use the drawdown chart below to compare losses from any high point for BUFB and BUFD.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BUFB vs. BUFD - Volatility Comparison

Innovator Laddered Allocation Buffer ETF (BUFB) has a higher volatility of 3.44% compared to FT Cboe Vest Fund of Deep Buffer ETF (BUFD) at 2.85%. This indicates that BUFB's price experiences larger fluctuations and is considered to be riskier than BUFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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