BUFR vs. FXF
BUFR (FT Vest Laddered Buffer ETF) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both exchange-traded funds - BUFR is a Defined Outcome fund actively managed by First Trust, while FXF is a Currency fund tracking the Swiss Franc. BUFR is actively managed, while FXF is passively managed. Over the past 5 years, BUFR returned 9.55%/yr vs 1.83%/yr for FXF. Their 0.20 correlation means their historical movements had little consistent relationship. BUFR charges 0.95%/yr vs 0.40%/yr for FXF.
Performance
BUFR vs. FXF - Performance Comparison
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Returns By Period
In the year-to-date period, BUFR achieves a 6.48% return, which is significantly higher than FXF's -3.50% return.
BUFR
- 1D
- 0.03%
- 1M
- 0.77%
- 6M
- 5.68%
- YTD
- 6.48%
- 1Y
- 12.42%
- 3Y*
- 12.65%
- 5Y*
- 9.55%
- 10Y*
- —
- ALL TIME*
- 10.49%
FXF
- 1D
- -0.17%
- 1M
- -1.09%
- 6M
- -4.81%
- YTD
- -3.50%
- 1Y
- -3.38%
- 3Y*
- 1.52%
- 5Y*
- 1.83%
- 10Y*
- 1.08%
- ALL TIME*
- 1.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.80M | $42.66M | $45.08M | |
| $2.99M | $3.23M | $5.41M |
BUFR vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BUFR FT Vest Laddered Buffer ETF | 6.48% | 12.44% | 14.68% | 19.63% | -7.57% | 11.88% | 6.60% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -3.50% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 2.94% |
Correlation
The correlation between BUFR and FXF is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2020 | 0.20 |
The correlation between BUFR and FXF shifts across timeframes, from 0.12 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BUFR vs. FXF — Risk / Return Rank
BUFR
FXF
BUFR vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Buffer ETF (BUFR) and Invesco CurrencyShares® Swiss Franc Trust (FXF). 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.
| BUFR | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.93 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.48 | +3.26 |
| Martin ratioReturn relative to average drawdown | 14.53 | -1.15 | +15.69 |
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Drawdowns
BUFR vs. FXF - Drawdown Comparison
The maximum BUFR drawdown since its inception was -13.73%, smaller than the maximum FXF drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for BUFR and FXF.
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Drawdown Indicators
| BUFR | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.73% | -35.58% | +21.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -7.15% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -8.52% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.73% | -11.99% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.04% | — |
Current DrawdownCurrent decline from peak | -0.90% | -21.23% | +20.33% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -20.83% | +18.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.98% | -2.10% |
Volatility
BUFR vs. FXF - Volatility Comparison
The current volatility for FT Vest Laddered Buffer ETF (BUFR) is 1.58%, while Invesco CurrencyShares® Swiss Franc Trust (FXF) has a volatility of 1.75%. This indicates that BUFR experiences smaller price fluctuations and is considered to be less risky than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFR | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.75% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.26% | 5.46% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 7.39% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.47% | 8.31% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 7.57% | +2.59% |
BUFR vs. FXF - Expense Ratio Comparison
BUFR has a 0.95% expense ratio, which is higher than FXF's 0.40% expense ratio.
Dividends
BUFR vs. FXF - Dividend Comparison
Neither BUFR nor FXF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BUFR FT Vest Laddered Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% |
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% |
Frequently Asked Questions
BUFR and FXF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXF has higher volatility (1.75%) compared to BUFR (1.58%). In terms of maximum drawdown, BUFR dropped -13.73% vs FXF's -35.58%.
On 5-year performance, BUFR leads with 9.55% vs 1.83% for FXF. On fees, FXF is cheaper at 0.40% per year. On volatility, BUFR has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BUFR has performed better with a 9.55% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXF is cheaper with a 0.40% expense ratio, compared with 0.95% for BUFR.
BUFR and FXF have nearly identical dividend yields, around 0.00%.
BUFR is categorized as Defined Outcome, while FXF is Currency. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.95% for BUFR and 0.40% for FXF.
BUFR currently has the higher Sharpe Ratio (1.92 vs -0.47), 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.
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