BUFR vs. XYLD
BUFR (FT Vest Laddered Buffer ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - BUFR is a Defined Outcome fund actively managed by First Trust, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. BUFR is actively managed, while XYLD is passively managed. Over the past 5 years, BUFR returned 9.55%/yr vs 7.72%/yr for XYLD. Their correlation of 0.83 means they have usually moved in the same direction. BUFR charges 0.95%/yr vs 0.60%/yr for XYLD.
Performance
BUFR vs. XYLD - Performance Comparison
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Returns By Period
In the year-to-date period, BUFR achieves a 6.48% return, which is significantly lower than XYLD's 6.98% 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%
XYLD
- 1D
- 0.15%
- 1M
- 2.28%
- 6M
- 6.06%
- YTD
- 6.98%
- 1Y
- 16.60%
- 3Y*
- 11.30%
- 5Y*
- 7.72%
- 10Y*
- 8.14%
- ALL TIME*
- 8.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.80M | $42.66M | $45.08M | |
| $39.54M | $38.84M | $31.76M |
BUFR vs. XYLD - 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% |
XYLD Global X S&P 500 Covered Call ETF | 6.98% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | 8.71% |
Correlation
The correlation between BUFR and XYLD is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2020 | 0.83 |
The correlation between BUFR and XYLD has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
BUFR vs. XYLD — Risk / Return Rank
BUFR
XYLD
BUFR vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Buffer ETF (BUFR) and Global X S&P 500 Covered Call ETF (XYLD). 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 | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.54 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.20 | -0.43 |
| Martin ratioReturn relative to average drawdown | 14.53 | 16.66 | -2.12 |
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Drawdowns
BUFR vs. XYLD - Drawdown Comparison
The maximum BUFR drawdown since its inception was -13.73%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for BUFR and XYLD.
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Drawdown Indicators
| BUFR | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.73% | -33.46% | +19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -5.29% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -15.53% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -13.73% | -18.66% | +4.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.51% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -3.68% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.01% | -0.13% |
Volatility
BUFR vs. XYLD - Volatility Comparison
FT Vest Laddered Buffer ETF (BUFR) and Global X S&P 500 Covered Call ETF (XYLD) have volatilities of 1.58% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFR | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.57% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.26% | 5.80% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 6.98% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.47% | 11.25% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 14.15% | -3.99% |
BUFR vs. XYLD - Expense Ratio Comparison
BUFR has a 0.95% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Dividends
BUFR vs. XYLD - Dividend Comparison
BUFR has not paid dividends to shareholders, while XYLD's dividend yield for the trailing twelve months is around 10.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFR FT Vest Laddered Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.63% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
With a correlation of 0.92, BUFR and XYLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BUFR has higher volatility (1.58%) compared to XYLD (1.57%). In terms of maximum drawdown, BUFR dropped -13.73% vs XYLD's -33.46%.
On 5-year performance, BUFR leads with 9.55% vs 7.72% for XYLD. On fees, XYLD is cheaper at 0.60% per year. Their volatility is very similar. 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 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLD is cheaper with a 0.60% expense ratio, compared with 0.95% for BUFR.
XYLD has the higher dividend yield at 10.63%, compared with 0.00% for BUFR.
BUFR is categorized as Defined Outcome, while XYLD is Derivative Income. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.95% for BUFR and 0.60% for XYLD.
XYLD currently has the higher Sharpe Ratio (2.43 vs 1.92), 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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