DGJA vs. QMAR

Last updated Jul 2, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - DGJA is a Defined Outcome fund actively managed by First Trust, while QMAR is a Nasdaq-100 fund actively managed by First Trust. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. DGJA charges 0.85%/yr vs 0.90%/yr for QMAR.

Performance

DGJA vs. QMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: 0.10%
• 1M: 0.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMAR

• 1D: -0.34%
• 1M: -0.73%
• YTD: 12.44%
• 6M: 12.44%
• 1Y: 20.22%
• 3Y*: 15.67%
• 5Y*: 11.33%
• 10Y*: —

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

DGJA vs. QMAR - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.14%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	12.01%

Correlation

The correlation between DGJA and QMAR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.86

Return for Risk

DGJA vs. QMAR — Risk / Return Rank

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

DGJA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QMAR

QMAR Risk / Return Rank: 96
QMAR Sharpe Ratio Rank: 95
QMAR Sortino Ratio Rank: 96
QMAR Omega Ratio Rank: 96
QMAR Calmar Ratio Rank: 94
QMAR Martin Ratio Rank: 97

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.

DGJA vs. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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.

	DGJA	QMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	3.11	—
Sortino ratio: Return per unit of downside risk	—	4.66	—
Omega ratio: Gain probability vs. loss probability	—	1.72	—
Calmar ratio: Return relative to maximum drawdown	—	6.32	—
Martin ratio: Return relative to average drawdown	—	36.62	—

Drawdowns

DGJA vs. QMAR - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum QMAR drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for DGJA and QMAR.

Drawdown Indicators

	DGJA	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-19.83%	+16.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.83%	—
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-0.51%	-3.25%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	DGJA	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	6.55%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	14.02%	-8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	13.81%	-8.24%

DGJA vs. QMAR - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is lower than QMAR's 0.90% expense ratio.

Dividends

DGJA vs. QMAR - Dividend Comparison

Neither DGJA nor QMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DGJA and QMAR in my portfolio?

DGJA and QMAR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGJA or QMAR?

On fees, DGJA is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGJA or QMAR?

DGJA is cheaper with a 0.85% expense ratio, compared with 0.90% for QMAR.

Which ETF pays a higher dividend yield, DGJA or QMAR?

DGJA and QMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between DGJA and QMAR?

DGJA is categorized as Defined Outcome, while QMAR is Nasdaq-100. Their fees differ too: 0.85% for DGJA and 0.90% for QMAR.