Correlation
The correlation between BUFQ and ^GSPC is 0.92, 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.
BUFQ vs. ^GSPC
Compare and contrast key facts about FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and S&P 500 (^GSPC).
BUFQ is a passively managed fund by FT Vest that tracks the performance of the NASDAQ 100 Index - USD. It was launched on Jun 15, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFQ or ^GSPC.
Performance
BUFQ vs. ^GSPC - Performance Comparison
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Key characteristics
BUFQ:
0.64
^GSPC:
0.62
BUFQ:
0.99
^GSPC:
0.94
BUFQ:
1.15
^GSPC:
1.14
BUFQ:
0.61
^GSPC:
0.61
BUFQ:
2.32
^GSPC:
2.29
BUFQ:
4.16%
^GSPC:
5.01%
BUFQ:
15.51%
^GSPC:
19.79%
BUFQ:
-15.74%
^GSPC:
-56.78%
BUFQ:
-2.09%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, BUFQ achieves a 1.53% return, which is significantly higher than ^GSPC's 0.52% return.
BUFQ
1.53%
5.98%
2.21%
9.88%
N/A
N/A
N/A
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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Risk-Adjusted Performance
BUFQ vs. ^GSPC — Risk-Adjusted Performance Rank
BUFQ
^GSPC
BUFQ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and S&P 500 (^GSPC). 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.
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Drawdowns
BUFQ vs. ^GSPC - Drawdown Comparison
The maximum BUFQ drawdown since its inception was -15.74%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BUFQ and ^GSPC.
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Volatility
BUFQ vs. ^GSPC - Volatility Comparison
The current volatility for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) is 3.82%, while S&P 500 (^GSPC) has a volatility of 4.76%. This indicates that BUFQ experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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