BUFD vs. SPY
Compare and contrast key facts about FT Cboe Vest Fund of Deep Buffer ETF (BUFD) and SPDR S&P 500 ETF (SPY).
BUFD and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFD or SPY.
Key characteristics
| BUFD | SPY | |
|---|---|---|
| YTD Return | 12.29% | 26.77% |
| 1Y Return | 17.41% | 37.43% |
| 3Y Return (Ann) | 6.36% | 10.15% |
| Sharpe Ratio | 3.26 | 3.06 |
| Sortino Ratio | 4.58 | 4.08 |
| Omega Ratio | 1.69 | 1.58 |
| Calmar Ratio | 5.21 | 4.44 |
| Martin Ratio | 30.92 | 20.11 |
| Ulcer Index | 0.56% | 1.85% |
| Daily Std Dev | 5.32% | 12.18% |
| Max Drawdown | -10.75% | -55.19% |
| Current Drawdown | -0.12% | -0.31% |
Correlation
The correlation between BUFD and SPY is 0.87, 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. SPY - Performance Comparison
In the year-to-date period, BUFD achieves a 12.29% return, which is significantly lower than SPY's 26.77% 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. SPY - Expense Ratio Comparison
BUFD has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BUFD vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BUFD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFD FT Cboe Vest Fund of Deep Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BUFD vs. SPY - Drawdown Comparison
The maximum BUFD drawdown since its inception was -10.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BUFD and SPY. For additional features, visit the drawdowns tool.
Volatility
BUFD vs. SPY - Volatility Comparison
The current volatility for FT Cboe Vest Fund of Deep Buffer ETF (BUFD) is 1.50%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. This indicates that BUFD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.