BUFD vs. PHEQ
Compare and contrast key facts about FT Cboe Vest Fund of Deep Buffer ETF (BUFD) and Parametric Hedged Equity ETF (PHEQ).
BUFD and PHEQ 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. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFD or PHEQ.
Correlation
The correlation between BUFD and PHEQ is 0.73, 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. PHEQ - Performance Comparison
Key characteristics
BUFD:
0.61
PHEQ:
0.67
BUFD:
0.89
PHEQ:
0.99
BUFD:
1.14
PHEQ:
1.16
BUFD:
0.57
PHEQ:
0.61
BUFD:
2.45
PHEQ:
2.55
BUFD:
2.37%
PHEQ:
2.99%
BUFD:
9.55%
PHEQ:
11.40%
BUFD:
-10.75%
PHEQ:
-12.55%
BUFD:
-5.06%
PHEQ:
-6.56%
Returns By Period
In the year-to-date period, BUFD achieves a -2.90% return, which is significantly higher than PHEQ's -3.40% return.
BUFD
-2.90%
-0.28%
-1.82%
5.13%
N/A
N/A
PHEQ
-3.40%
-0.28%
-1.20%
7.02%
N/A
N/A
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BUFD vs. PHEQ - Expense Ratio Comparison
BUFD has a 1.05% expense ratio, which is higher than PHEQ's 0.29% expense ratio.
Risk-Adjusted Performance
BUFD vs. PHEQ — Risk-Adjusted Performance Rank
BUFD
PHEQ
BUFD vs. PHEQ - 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 Parametric Hedged Equity ETF (PHEQ). 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. PHEQ - Dividend Comparison
BUFD has not paid dividends to shareholders, while PHEQ's dividend yield for the trailing twelve months is around 1.50%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BUFD FT Cboe Vest Fund of Deep Buffer ETF | 0.00% | 0.00% | 0.00% |
PHEQ Parametric Hedged Equity ETF | 1.50% | 1.40% | 1.72% |
Drawdowns
BUFD vs. PHEQ - Drawdown Comparison
The maximum BUFD drawdown since its inception was -10.75%, smaller than the maximum PHEQ drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for BUFD and PHEQ. For additional features, visit the drawdowns tool.
Volatility
BUFD vs. PHEQ - Volatility Comparison
The current volatility for FT Cboe Vest Fund of Deep Buffer ETF (BUFD) is 7.18%, while Parametric Hedged Equity ETF (PHEQ) has a volatility of 8.62%. This indicates that BUFD experiences smaller price fluctuations and is considered to be less risky than PHEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.