BUFD vs. BALT
Compare and contrast key facts about FT Cboe Vest Fund of Deep Buffer ETF (BUFD) and Innovator Defined Wealth Shield ETF (BALT).
BUFD and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFD is an actively managed fund by First Trust. It was launched on Jan 20, 2021. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFD or BALT.
Key characteristics
| BUFD | BALT | |
|---|---|---|
| YTD Return | 12.38% | 9.35% |
| 1Y Return | 16.11% | 10.54% |
| 3Y Return (Ann) | 6.38% | 6.50% |
| Sharpe Ratio | 3.29 | 3.69 |
| Sortino Ratio | 4.61 | 5.70 |
| Omega Ratio | 1.69 | 1.86 |
| Calmar Ratio | 5.25 | 6.01 |
| Martin Ratio | 31.18 | 32.55 |
| Ulcer Index | 0.56% | 0.34% |
| Daily Std Dev | 5.32% | 3.01% |
| Max Drawdown | -10.75% | -2.16% |
| Current Drawdown | -0.04% | 0.00% |
Correlation
The correlation between BUFD and BALT is 0.71, 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.
Performance
BUFD vs. BALT - Performance Comparison
In the year-to-date period, BUFD achieves a 12.38% return, which is significantly higher than BALT's 9.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BUFD vs. BALT - Expense Ratio Comparison
BUFD has a 1.05% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
BUFD vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Fund of Deep Buffer ETF (BUFD) and Innovator Defined Wealth Shield ETF (BALT). 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.
Dividends
BUFD vs. BALT - Dividend Comparison
Neither BUFD nor BALT has paid dividends to shareholders.
Drawdowns
BUFD vs. BALT - Drawdown Comparison
The maximum BUFD drawdown since its inception was -10.75%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for BUFD and BALT. For additional features, visit the drawdowns tool.
Volatility
BUFD vs. BALT - Volatility Comparison
FT Cboe Vest Fund of Deep Buffer ETF (BUFD) has a higher volatility of 1.48% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.76%. This indicates that BUFD's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.