DECM vs. GMAR

Last updated Jun 4, 2026

DECM (FT Vest U.S. Equity Max Buffer ETF - December) and GMAR (FT Cboe Vest U.S. Equity Moderate Buffer ETF - March) are both exchange-traded funds - DECM is a Defined Outcome fund tracking the S&P 500, while GMAR is a Options Trading fund actively managed by FT Vest. DECM is passively managed, while GMAR is actively managed. Over the past year, DECM returned 8.05% vs 15.30% for GMAR. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

DECM vs. GMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - December (DECM) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - March (GMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECM achieves a 2.56% return, which is significantly lower than GMAR's 7.89% return.

DECM

• 1D: -0.07%
• 1M: 0.91%
• YTD: 2.56%
• 6M: 3.15%
• 1Y: 8.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMAR

• 1D: -0.09%
• 1M: 1.52%
• YTD: 7.89%
• 6M: 8.66%
• 1Y: 15.30%
• 3Y*: 12.24%
• 5Y*: —
• 10Y*: —

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

DECM vs. GMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECM FT Vest U.S. Equity Max Buffer ETF - December	2.56%	6.85%	-0.23%
GMAR FT Cboe Vest U.S. Equity Moderate Buffer ETF - March	7.89%	9.29%	-0.24%

Correlation

The correlation between DECM and GMAR is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024	0.83

The correlation between DECM and GMAR has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

DECM vs. GMAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECM

DECM Risk / Return Rank: 93
DECM Sharpe Ratio Rank: 93
DECM Sortino Ratio Rank: 96
DECM Omega Ratio Rank: 96
DECM Calmar Ratio Rank: 86
DECM Martin Ratio Rank: 93

GMAR

GMAR Risk / Return Rank: 97
GMAR Sharpe Ratio Rank: 95
GMAR Sortino Ratio Rank: 97
GMAR Omega Ratio Rank: 98
GMAR Calmar Ratio Rank: 95
GMAR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DECM vs. GMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - December (DECM) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - March (GMAR). 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.

	DECM	GMAR	Difference
Sharpe ratio Return per unit of total volatility	3.48	3.94	-0.46
Sortino ratio Return per unit of downside risk	5.52	6.60	-1.07
Omega ratio Gain probability vs. loss probability	1.78	2.02	-0.23
Calmar ratio Return relative to maximum drawdown	4.73	8.56	-3.83
Martin ratio Return relative to average drawdown	24.75	59.52	-34.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DECM vs. GMAR - Sharpe Ratio Comparison

The current DECM Sharpe Ratio is 3.48, which is comparable to the GMAR Sharpe Ratio of 3.94. The chart below compares the historical Sharpe Ratios of DECM and GMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DECM	GMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.48	3.94	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	1.91	+0.26

Drawdowns

DECM vs. GMAR - Drawdown Comparison

The maximum DECM drawdown since its inception was -3.00%, smaller than the maximum GMAR drawdown of -9.11%. Use the drawdown chart below to compare losses from any high point for DECM and GMAR.

Drawdown Indicators

	DECM	GMAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.00%	-9.11%	+6.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.71%	-1.79%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.11%	—
Current Drawdown Current decline from peak	-0.07%	-0.10%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.37%	-0.54%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	0.26%	+0.07%

Volatility

DECM vs. GMAR - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - December (DECM) is 0.32%, while FT Cboe Vest U.S. Equity Moderate Buffer ETF - March (GMAR) has a volatility of 0.69%. This indicates that DECM experiences smaller price fluctuations and is considered to be less risky than GMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECM	GMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.69%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	1.78%	2.99%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.33%	3.90%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	6.84%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	6.84%	-3.87%

DECM vs. GMAR - Expense Ratio Comparison

Both DECM and GMAR have an expense ratio of 0.85%.

Dividends

DECM vs. GMAR - Dividend Comparison

Neither DECM nor GMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DECM and GMAR in my portfolio?

DECM and GMAR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECM or GMAR?

GMAR has higher volatility (0.69%) compared to DECM (0.32%). In terms of maximum drawdown, DECM dropped -3.00% vs GMAR's -9.11%.

Which ETF is better, DECM or GMAR?

On 1-year performance, GMAR leads with 15.30% vs 8.05% for DECM. Both ETFs have the same 0.85% expense ratio. On volatility, DECM has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECM or GMAR?

Over the 1-year period, GMAR has performed better with a 15.30% return vs 8.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECM or GMAR?

DECM and GMAR have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, DECM or GMAR?

DECM and GMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between DECM and GMAR?

DECM is categorized as Defined Outcome, while GMAR is Options Trading.

Which has better risk-adjusted returns?

GMAR currently has the higher Sharpe Ratio (3.94 vs 3.48), 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.