BUFQ vs. BUFF

Last updated Jun 24, 2026

BUFQ (FT Vest Laddered Nasdaq Buffer ETF) and BUFF (Innovator Laddered Allocation Power Buffer ETF) are both exchange-traded funds - BUFQ is a Nasdaq-100 fund tracking the NASDAQ 100 Index - USD, while BUFF is a Defined Outcome fund tracking the Refinitiv Laddered Power Buffer Strategy Index. Both are passively managed. Over the past 3 years, BUFQ returned 16.00%/yr vs 11.92%/yr for BUFF. Their correlation of 0.87 suggests significant overlap in exposure. BUFQ charges 1.10%/yr vs 0.89%/yr for BUFF.

Performance

BUFQ vs. BUFF - Performance Comparison

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

Returns By Period

In the year-to-date period, BUFQ achieves a 7.95% return, which is significantly higher than BUFF's 4.91% return.

BUFQ

• 1D: -1.33%
• 1M: -0.77%
• YTD: 7.95%
• 6M: 6.55%
• 1Y: 19.01%
• 3Y*: 16.00%
• 5Y*: —
• 10Y*: —

BUFF

• 1D: -0.48%
• 1M: -0.10%
• YTD: 4.91%
• 6M: 4.62%
• 1Y: 13.10%
• 3Y*: 11.92%
• 5Y*: 8.52%
• 10Y*: —

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

BUFQ vs. BUFF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUFQ FT Vest Laddered Nasdaq Buffer ETF	7.95%	14.03%	16.41%	35.51%	0.73%
BUFF Innovator Laddered Allocation Power Buffer ETF	4.91%	11.02%	12.05%	16.51%	4.30%

Correlation

The correlation between BUFQ and BUFF is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022	0.87

The correlation between BUFQ and BUFF has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

BUFQ vs. BUFF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUFQ

BUFQ Risk / Return Rank: 79
BUFQ Sharpe Ratio Rank: 75
BUFQ Sortino Ratio Rank: 80
BUFQ Omega Ratio Rank: 81
BUFQ Calmar Ratio Rank: 73
BUFQ Martin Ratio Rank: 87

BUFF

BUFF Risk / Return Rank: 85
BUFF Sharpe Ratio Rank: 83
BUFF Sortino Ratio Rank: 88
BUFF Omega Ratio Rank: 87
BUFF Calmar Ratio Rank: 75
BUFF Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUFQ vs. BUFF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and Innovator Laddered Allocation Power Buffer ETF (BUFF). 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.

	BUFQ	BUFF	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.51	-0.25
Sortino ratio: Return per unit of downside risk	3.32	3.76	-0.44
Omega ratio: Gain probability vs. loss probability	1.45	1.51	-0.06
Calmar ratio: Return relative to maximum drawdown	3.54	3.67	-0.13
Martin ratio: Return relative to average drawdown	17.65	19.13	-1.49

BUFQ vs. BUFF - Sharpe Ratio Comparison

The current BUFQ Sharpe Ratio is 2.27, which is comparable to the BUFF Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of BUFQ and BUFF, 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

BUFQ vs. BUFF - Drawdown Comparison

The maximum BUFQ drawdown since its inception was -15.74%, smaller than the maximum BUFF drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for BUFQ and BUFF.

Drawdown Indicators

	BUFQ	BUFF	Difference
Max Drawdown Largest peak-to-trough decline	-15.74%	-46.23%	+30.49%
Max Drawdown (1Y) Largest decline over 1 year	-5.39%	-3.58%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	-10.24%	-5.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-10.24%	—
Current Drawdown Current decline from peak	-1.53%	-0.74%	-0.79%
Average Drawdown Average peak-to-trough decline	-2.29%	-6.15%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.69%	+0.39%

Volatility

BUFQ vs. BUFF - Volatility Comparison

FT Vest Laddered Nasdaq Buffer ETF (BUFQ) has a higher volatility of 2.61% compared to Innovator Laddered Allocation Power Buffer ETF (BUFF) at 1.73%. This indicates that BUFQ's price experiences larger fluctuations and is considered to be riskier than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFQ	BUFF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	1.73%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	6.77%	4.11%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	8.45%	5.27%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	8.44%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.31%	17.63%	-4.32%

BUFQ vs. BUFF - Expense Ratio Comparison

BUFQ has a 1.10% expense ratio, which is higher than BUFF's 0.89% expense ratio.

Dividends

BUFQ vs. BUFF - Dividend Comparison

Neither BUFQ nor BUFF has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BUFF Innovator Laddered Allocation Power Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.78%	1.26%	1.74%	1.55%	0.18%
BUFQ FT Vest Laddered Nasdaq Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUFQ and BUFF in my portfolio?

BUFQ and BUFF have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFQ or BUFF?

BUFQ has higher volatility (2.61%) compared to BUFF (1.73%). In terms of maximum drawdown, BUFQ dropped -15.74% vs BUFF's -46.23%.

Which ETF is better, BUFQ or BUFF?

On 3-year performance, BUFQ leads with 16.00% vs 11.92% for BUFF. On fees, BUFF is cheaper at 0.89% per year. On volatility, BUFF has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFQ or BUFF?

Over the 3-year period, BUFQ has performed better with a 16.00% return vs 11.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFQ or BUFF?

BUFF is cheaper with a 0.89% expense ratio, compared with 1.10% for BUFQ.

Which ETF pays a higher dividend yield, BUFQ or BUFF?

BUFQ and BUFF have nearly identical dividend yields, around 0.00%.

What is the main difference between BUFQ and BUFF?

BUFQ is categorized as Nasdaq-100, while BUFF is Defined Outcome. BUFQ tracks NASDAQ 100 Index - USD, while BUFF tracks Refinitiv Laddered Power Buffer Strategy Index. They also come from different issuers: FT Vest and Innovator. Their fees differ too: 1.10% for BUFQ and 0.89% for BUFF.

Which has better risk-adjusted returns?

BUFF currently has the higher Sharpe Ratio (2.51 vs 2.27), 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.