BUFH vs. WZRD

Last updated Aug 1, 2026

BUFH (FT Vest Laddered Max Buffer ETF) and WZRD (Opportunistic Trader ETF) are both exchange-traded funds - BUFH is a Defined Outcome fund actively managed by First Trust, while WZRD is a Large Cap Blend Equities fund actively managed by Tuttle. Both are actively managed. Over the past year, BUFH returned 6.20% vs -96.34% for WZRD. Their -0.03 correlation means they have often moved in opposite directions in the past. BUFH charges 0.95%/yr vs 1.07%/yr for WZRD.

Performance

BUFH vs. WZRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered Max Buffer ETF (BUFH) and Opportunistic Trader ETF (WZRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFH achieves a 3.05% return, which is significantly higher than WZRD's -95.64% return.

BUFH

• 1D: 0.12%
• 1M: 0.43%
• 6M: 2.73%
• YTD: 3.05%
• 1Y: 6.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.33%

WZRD

• 1D: -24.11%
• 1M: -66.67%
• 6M: -94.79%
• YTD: -95.64%
• 1Y: -96.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -95.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFH FT Vest Laddered Max Buffer ETF	$306.65K	$225.75K	$191.92K
WZRD Opportunistic Trader ETF	$53.22K	$31.27K	$34.05K

BUFH vs. WZRD - Yearly Performance Comparison

	2026 (YTD)	2025
BUFH FT Vest Laddered Max Buffer ETF	3.05%	3.81%
WZRD Opportunistic Trader ETF	-95.64%	-18.13%

Correlation

The correlation between BUFH and WZRD is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.04
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	-0.03

Return for Risk

BUFH vs. WZRD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUFH

BUFH Risk / Return Rank: 93
BUFH Sharpe Ratio Rank: 93
BUFH Sortino Ratio Rank: 95
BUFH Omega Ratio Rank: 95
BUFH Calmar Ratio Rank: 90
BUFH Martin Ratio Rank: 94

WZRD

WZRD Risk / Return Rank: 0
WZRD Sharpe Ratio Rank: 2
WZRD Sortino Ratio Rank: 0
WZRD Omega Ratio Rank: 0
WZRD Calmar Ratio Rank: 0
WZRD Martin Ratio Rank: 0

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUFH vs. WZRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Max Buffer ETF (BUFH) and Opportunistic Trader ETF (WZRD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BUFH	WZRD	Difference
Sharpe ratio: Return per unit of total volatility	2.52	-1.00	+3.52
Sortino ratio: Return per unit of downside risk	3.93	-3.21	+7.14
Omega ratio: Gain probability vs. loss probability	1.55	0.54	+1.00
Calmar ratio: Return relative to maximum drawdown	3.95	-1.00	+4.95
Martin ratio: Return relative to average drawdown	18.47	-2.09	+20.56

BUFH vs. WZRD - Sharpe Ratio Comparison

The current BUFH Sharpe Ratio is 2.52, which is higher than the WZRD Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of BUFH and WZRD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUFH vs. WZRD - Drawdown Comparison

The maximum BUFH drawdown since its inception was -1.53%, smaller than the maximum WZRD drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for BUFH and WZRD.

Drawdown Indicators

	BUFH	WZRD	Difference
Max Drawdown Largest peak-to-trough decline	-1.53%	-96.46%	+94.93%
Max Drawdown (1Y) Largest decline over 1 year	-1.53%	-96.46%	+94.93%
Current Drawdown Current decline from peak	0.00%	-96.46%	+96.46%
Average Drawdown Average peak-to-trough decline	-0.17%	-33.13%	+32.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	46.06%	-45.73%

Volatility

BUFH vs. WZRD - Volatility Comparison

The current volatility for FT Vest Laddered Max Buffer ETF (BUFH) is 0.53%, while Opportunistic Trader ETF (WZRD) has a volatility of 70.52%. This indicates that BUFH experiences smaller price fluctuations and is considered to be less risky than WZRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFH	WZRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	70.52%	-69.99%
Volatility (6M) Calculated over the trailing 6-month period	1.88%	99.00%	-97.12%
Volatility (1Y) Calculated over the trailing 1-year period	2.41%	96.72%	-94.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.33%	92.69%	-90.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	92.69%	-90.36%

BUFH vs. WZRD - Expense Ratio Comparison

BUFH has a 0.95% expense ratio, which is lower than WZRD's 1.07% expense ratio.

Dividends

BUFH vs. WZRD - Dividend Comparison

BUFH has not paid dividends to shareholders, while WZRD's dividend yield for the trailing twelve months is around 29.54%.

Position	TTM	2025
BUFH FT Vest Laddered Max Buffer ETF	0.00%	0.00%
WZRD Opportunistic Trader ETF	29.54%	1.29%

Frequently Asked Questions

Can I hold both BUFH and WZRD in my portfolio?

BUFH and WZRD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFH or WZRD?

WZRD has higher volatility (70.52%) compared to BUFH (0.53%). In terms of maximum drawdown, BUFH dropped -1.53% vs WZRD's -96.46%.

Which ETF is better, BUFH or WZRD?

On 1-year performance, BUFH leads with 6.20% vs -96.34% for WZRD. On fees, BUFH is cheaper at 0.95% per year. On volatility, BUFH has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFH or WZRD?

Over the 1-year period, BUFH has performed better with a 6.20% return vs -96.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFH or WZRD?

BUFH is cheaper with a 0.95% expense ratio, compared with 1.07% for WZRD.

Which ETF pays a higher dividend yield, BUFH or WZRD?

WZRD has the higher dividend yield at 29.54%, compared with 0.00% for BUFH.

What is the main difference between BUFH and WZRD?

BUFH is categorized as Defined Outcome, while WZRD is Large Cap Blend Equities. They also come from different issuers: First Trust and Tuttle. Their fees differ too: 0.95% for BUFH and 1.07% for WZRD.

Which has better risk-adjusted returns?

BUFH currently has the higher Sharpe Ratio (2.52 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.