Correlation
The correlation between BUFQ and ^IXIC 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. ^IXIC
Compare and contrast key facts about FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and NASDAQ Composite (^IXIC).
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 ^IXIC.
Performance
BUFQ vs. ^IXIC - Performance Comparison
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Key characteristics
BUFQ:
0.64
^IXIC:
0.51
BUFQ:
0.99
^IXIC:
0.89
BUFQ:
1.15
^IXIC:
1.12
BUFQ:
0.61
^IXIC:
0.55
BUFQ:
2.32
^IXIC:
1.78
BUFQ:
4.16%
^IXIC:
7.48%
BUFQ:
15.51%
^IXIC:
26.13%
BUFQ:
-15.74%
^IXIC:
-77.93%
BUFQ:
-2.09%
^IXIC:
-4.95%
Returns By Period
In the year-to-date period, BUFQ achieves a 1.53% return, which is significantly higher than ^IXIC's -0.70% return.
BUFQ
1.53%
5.98%
2.21%
9.88%
N/A
N/A
N/A
^IXIC
-0.70%
9.82%
0.61%
13.33%
16.49%
15.11%
14.20%
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Risk-Adjusted Performance
BUFQ vs. ^IXIC — Risk-Adjusted Performance Rank
BUFQ
^IXIC
BUFQ vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and NASDAQ Composite (^IXIC). 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. ^IXIC - Drawdown Comparison
The maximum BUFQ drawdown since its inception was -15.74%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for BUFQ and ^IXIC.
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Volatility
BUFQ vs. ^IXIC - Volatility Comparison
The current volatility for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) is 3.82%, while NASDAQ Composite (^IXIC) has a volatility of 5.97%. This indicates that BUFQ experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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