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BUFZ vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BUFZSPY
YTD Return10.27%22.48%
1Y Return16.08%34.15%
Sharpe Ratio3.392.86
Sortino Ratio4.833.80
Omega Ratio1.761.54
Calmar Ratio5.294.10
Martin Ratio31.8518.58
Ulcer Index0.51%1.86%
Daily Std Dev4.81%12.04%
Max Drawdown-3.08%-55.19%
Current Drawdown-0.25%-1.35%

Correlation

-0.50.00.51.00.9

The correlation between BUFZ and SPY is 0.90, 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.

Performance

BUFZ vs. SPY - Performance Comparison

In the year-to-date period, BUFZ achieves a 10.27% return, which is significantly lower than SPY's 22.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
5.69%
12.22%
BUFZ
SPY

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BUFZ vs. SPY - Expense Ratio Comparison

BUFZ has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.


BUFZ
FT Cboe Vest Laddered Moderate Buffer ETF
Expense ratio chart for BUFZ: current value at 1.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.05%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

BUFZ vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Laddered Moderate Buffer ETF (BUFZ) and SPDR S&P 500 ETF (SPY). 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.


BUFZ
Sharpe ratio
The chart of Sharpe ratio for BUFZ, currently valued at 3.39, compared to the broader market0.002.004.003.39
Sortino ratio
The chart of Sortino ratio for BUFZ, currently valued at 4.83, compared to the broader market0.005.0010.004.83
Omega ratio
The chart of Omega ratio for BUFZ, currently valued at 1.76, compared to the broader market1.001.502.002.503.003.501.76
Calmar ratio
The chart of Calmar ratio for BUFZ, currently valued at 5.29, compared to the broader market0.005.0010.0015.005.29
Martin ratio
The chart of Martin ratio for BUFZ, currently valued at 31.85, compared to the broader market0.0020.0040.0060.0080.00100.00120.0031.85
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.86, compared to the broader market0.002.004.002.86
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.80, compared to the broader market0.005.0010.003.80
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.54, compared to the broader market1.001.502.002.503.003.501.54
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.10, compared to the broader market0.005.0010.0015.004.10
Martin ratio
The chart of Martin ratio for SPY, currently valued at 18.58, compared to the broader market0.0020.0040.0060.0080.00100.00120.0018.58

BUFZ vs. SPY - Sharpe Ratio Comparison

The current BUFZ Sharpe Ratio is 3.39, which is comparable to the SPY Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of BUFZ and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.803.003.203.403.603.804.004.2012 PMWed 3012 PMThu 3112 PMNovember12 PMSat 0212 PMNov 0312 PMMon 0412 PMTue 05
3.39
2.86
BUFZ
SPY

Dividends

BUFZ vs. SPY - Dividend Comparison

BUFZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.


TTM20232022202120202019201820172016201520142013
BUFZ
FT Cboe Vest Laddered Moderate 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%
SPY
SPDR S&P 500 ETF
1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

BUFZ vs. SPY - Drawdown Comparison

The maximum BUFZ drawdown since its inception was -3.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BUFZ and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.25%
-1.35%
BUFZ
SPY

Volatility

BUFZ vs. SPY - Volatility Comparison

The current volatility for FT Cboe Vest Laddered Moderate Buffer ETF (BUFZ) is 1.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.23%. This indicates that BUFZ experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.23%
3.23%
BUFZ
SPY