BUFQ vs. QRMI

Last updated Jun 5, 2026

BUFQ (FT Vest Laddered Nasdaq Buffer ETF) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both Nasdaq-100 funds. BUFQ is passively managed, while QRMI is actively managed. Over the past 3 years, BUFQ returned 16.97%/yr vs 7.03%/yr for QRMI. A 0.71 correlation means they provide meaningful diversification when combined. BUFQ charges 1.10%/yr vs 0.60%/yr for QRMI.

Performance

BUFQ vs. QRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFQ achieves a 9.49% return, which is significantly higher than QRMI's 2.50% return.

BUFQ

• 1D: -0.04%
• 1M: 2.16%
• YTD: 9.49%
• 6M: 10.07%
• 1Y: 21.34%
• 3Y*: 16.97%
• 5Y*: —
• 10Y*: —

QRMI

• 1D: -0.10%
• 1M: 1.55%
• YTD: 2.50%
• 6M: 3.76%
• 1Y: 9.82%
• 3Y*: 7.03%
• 5Y*: —
• 10Y*: —

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

BUFQ vs. QRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUFQ FT Vest Laddered Nasdaq Buffer ETF	9.49%	14.03%	16.41%	35.51%	0.75%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.50%	3.76%	14.72%	11.73%	-3.95%

Correlation

The correlation between BUFQ and QRMI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 17, 2022	0.71

The correlation between BUFQ and QRMI has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

BUFQ vs. QRMI - Sectors Allocation Comparison

Sectors	BUFQ	QRMI
Technology	54.2%	53.8%
Communication Services	15.5%	15.8%
Consumer Cyclical	12.2%	12.2%
Consumer Defensive	7.6%	7.7%
Healthcare	4.2%	4.2%
Industrials	2.8%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.2%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

BUFQ vs. QRMI — Risk / Return Rank

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

BUFQ

BUFQ Risk / Return Rank: 84
BUFQ Sharpe Ratio Rank: 81
BUFQ Sortino Ratio Rank: 86
BUFQ Omega Ratio Rank: 86
BUFQ Calmar Ratio Rank: 79
BUFQ Martin Ratio Rank: 89

QRMI

QRMI Risk / Return Rank: 50
QRMI Sharpe Ratio Rank: 51
QRMI Sortino Ratio Rank: 48
QRMI Omega Ratio Rank: 58
QRMI Calmar Ratio Rank: 40
QRMI Martin Ratio Rank: 51

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. QRMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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.

	BUFQ	QRMI	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.72	+0.86
Sortino ratio: Return per unit of downside risk	3.84	2.33	+1.51
Omega ratio: Gain probability vs. loss probability	1.52	1.35	+0.17
Calmar ratio: Return relative to maximum drawdown	3.98	1.96	+2.02
Martin ratio: Return relative to average drawdown	20.10	8.60	+11.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFQ vs. QRMI - Sharpe Ratio Comparison

The current BUFQ Sharpe Ratio is 2.59, which is higher than the QRMI Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of BUFQ and QRMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUFQ	QRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.72	+0.86
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.22	+1.20

Drawdowns

BUFQ vs. QRMI - Drawdown Comparison

The maximum BUFQ drawdown since its inception was -15.74%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for BUFQ and QRMI.

Drawdown Indicators

	BUFQ	QRMI	Difference
Max Drawdown Largest peak-to-trough decline	-15.74%	-20.95%	+5.21%
Max Drawdown (1Y) Largest decline over 1 year	-5.39%	-5.04%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	-8.43%	-7.31%
Current Drawdown Current decline from peak	-0.08%	-0.10%	+0.02%
Average Drawdown Average peak-to-trough decline	-2.31%	-7.98%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.14%	-0.08%

Volatility

BUFQ vs. QRMI - Volatility Comparison

FT Vest Laddered Nasdaq Buffer ETF (BUFQ) has a higher volatility of 1.13% compared to Global X NASDAQ 100 Risk Managed Income ETF (QRMI) at 0.67%. This indicates that BUFQ's price experiences larger fluctuations and is considered to be riskier than QRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFQ	QRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	0.67%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	6.41%	4.43%	+1.98%
Volatility (1Y) Calculated over the trailing 1-year period	8.28%	5.72%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.34%	8.33%	+5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.34%	8.33%	+5.01%

BUFQ vs. QRMI - Expense Ratio Comparison

BUFQ has a 1.10% expense ratio, which is higher than QRMI's 0.60% expense ratio.

Dividends

BUFQ vs. QRMI - Dividend Comparison

BUFQ has not paid dividends to shareholders, while QRMI's dividend yield for the trailing twelve months is around 12.20%.

Position	TTM	2025	2024	2023	2022	2021
BUFQ FT Vest Laddered Nasdaq Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.20%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both BUFQ and QRMI in my portfolio?

BUFQ and QRMI have a correlation of 0.79, 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 QRMI?

BUFQ has higher volatility (1.13%) compared to QRMI (0.67%). In terms of maximum drawdown, BUFQ dropped -15.74% vs QRMI's -20.95%.

Which ETF is better, BUFQ or QRMI?

On 3-year performance, BUFQ leads with 16.97% vs 7.03% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QRMI has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFQ or QRMI?

Over the 3-year period, BUFQ has performed better with a 16.97% return vs 7.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFQ or QRMI?

QRMI is cheaper with a 0.60% expense ratio, compared with 1.10% for BUFQ.

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

QRMI has the higher dividend yield at 12.20%, compared with 0.00% for BUFQ.

What is the main difference between BUFQ and QRMI?

They also come from different issuers: FT Vest and Global X. Their fees differ too: 1.10% for BUFQ and 0.60% for QRMI.

Which has better risk-adjusted returns?

BUFQ currently has the higher Sharpe Ratio (2.59 vs 1.72), 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.