BUIGX vs. BUFD

Last updated Aug 4, 2026

BUIGX (Cboe Vest US Large Cap 10% Buffer Fund) and BUFD (FT Vest Laddered Deep Buffer ETF) are both funds - BUIGX is a Options Trading fund managed by CBOE Vest, while BUFD is a Defined Outcome fund actively managed by FT Vest. Over the past 5 years, BUIGX returned 8.99%/yr vs 7.60%/yr for BUFD. Their correlation of 0.85 means they have usually moved in the same direction. Both charge a 0.95% expense ratio.

Performance

BUIGX vs. BUFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) and FT Vest Laddered Deep Buffer ETF (BUFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUIGX achieves a 6.88% return, which is significantly higher than BUFD's 6.44% return.

BUIGX

• 1D: 0.29%
• 1M: 0.34%
• 6M: 5.56%
• YTD: 6.88%
• 1Y: 14.40%
• 3Y*: 12.61%
• 5Y*: 8.99%
• 10Y*: —
• ALL TIME*: 9.37%

BUFD

• 1D: 0.59%
• 1M: 1.14%
• 6M: 5.58%
• YTD: 6.44%
• 1Y: 12.58%
• 3Y*: 11.59%
• 5Y*: 7.60%
• 10Y*: —
• ALL TIME*: 7.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFD FT Vest Laddered Deep Buffer ETF	$8.60M	$7.60M	$8.56M
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	$0.00	$0.00	$0.00

BUIGX vs. BUFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	6.88%	11.51%	15.54%	19.05%	-9.88%	11.42%
BUFD FT Vest Laddered Deep Buffer ETF	6.44%	10.66%	12.42%	15.40%	-7.70%	5.86%

Correlation

The correlation between BUIGX and BUFD is 0.89, 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.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021	0.85

The correlation between BUIGX and BUFD has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

BUIGX vs. BUFD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUIGX

BUIGX Risk / Return Rank: 66
BUIGX Sharpe Ratio Rank: 46
BUIGX Sortino Ratio Rank: 47
BUIGX Omega Ratio Rank: 70
BUIGX Calmar Ratio Rank: 76
BUIGX Martin Ratio Rank: 90

BUFD

BUFD Risk / Return Rank: 92
BUFD Sharpe Ratio Rank: 91
BUFD Sortino Ratio Rank: 93
BUFD Omega Ratio Rank: 93
BUFD Calmar Ratio Rank: 88
BUFD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUIGX vs. BUFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) and FT Vest Laddered Deep Buffer ETF (BUFD). 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.

	BUIGX	BUFD	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.39	-0.97
Sortino ratio: Return per unit of downside risk	2.06	3.63	-1.57
Omega ratio: Gain probability vs. loss probability	1.32	1.49	-0.17
Calmar ratio: Return relative to maximum drawdown	2.60	3.68	-1.08
Martin ratio: Return relative to average drawdown	12.84	19.47	-6.63

BUIGX vs. BUFD - Sharpe Ratio Comparison

The current BUIGX Sharpe Ratio is 1.42, which is lower than the BUFD Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BUIGX and BUFD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUIGX vs. BUFD - Drawdown Comparison

The maximum BUIGX drawdown since its inception was -22.01%, which is greater than BUFD's maximum drawdown of -10.75%. Use the drawdown chart below to compare losses from any high point for BUIGX and BUFD.

Drawdown Indicators

	BUIGX	BUFD	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-10.75%	-11.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-3.43%	-1.69%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	-10.15%	-3.79%
Max Drawdown (5Y) Largest decline over 5 years	-15.22%	-10.75%	-4.47%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.29%	-1.92%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.65%	+0.39%

Volatility

BUIGX vs. BUFD - Volatility Comparison

Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) has a higher volatility of 1.99% compared to FT Vest Laddered Deep Buffer ETF (BUFD) at 1.51%. This indicates that BUIGX's price experiences larger fluctuations and is considered to be riskier than BUFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUIGX	BUFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.51%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	5.80%	4.26%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	5.29%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.59%	7.76%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	7.49%	+4.15%

BUIGX vs. BUFD - Expense Ratio Comparison

Both BUIGX and BUFD have an expense ratio of 0.95%.

Dividends

BUIGX vs. BUFD - Dividend Comparison

Neither BUIGX nor BUFD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BUFD FT Vest Laddered Deep Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	0.68%

Frequently Asked Questions

Can I hold both BUIGX and BUFD in my portfolio?

BUIGX and BUFD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUIGX or BUFD?

BUIGX has higher volatility (1.99%) compared to BUFD (1.51%). In terms of maximum drawdown, BUIGX dropped -22.01% vs BUFD's -10.75%.

Which has better risk-adjusted returns?

BUFD currently has the higher Sharpe Ratio (2.39 vs 1.42), 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.