DGJA vs. TMAR

Last updated Jul 2, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and TMAR (FT Vest Emerging Markets Buffer ETF - March) are both Defined Outcome funds from First Trust. DGJA is actively managed, while TMAR is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. DGJA charges 0.85%/yr vs 0.95%/yr for TMAR.

Performance

DGJA vs. TMAR - 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 Vest Emerging Markets Buffer ETF - March (TMAR). 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*: —

TMAR

• 1D: -1.49%
• 1M: -2.43%
• YTD: 12.17%
• 6M: 12.17%
• 1Y: 21.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGJA vs. TMAR - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.14%
TMAR FT Vest Emerging Markets Buffer ETF - March	11.23%

Correlation

The correlation between DGJA and TMAR is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.68

Return for Risk

DGJA vs. TMAR — 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.

TMAR

TMAR Risk / Return Rank: 84
TMAR Sharpe Ratio Rank: 74
TMAR Sortino Ratio Rank: 74
TMAR Omega Ratio Rank: 90
TMAR Calmar Ratio Rank: 90
TMAR Martin Ratio Rank: 94

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. TMAR - 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 Vest Emerging Markets Buffer ETF - March (TMAR). 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	TMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.00	—
Sortino ratio: Return per unit of downside risk	—	2.84	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	4.69	—
Martin ratio: Return relative to average drawdown	—	21.37	—

Drawdowns

DGJA vs. TMAR - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum TMAR drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for DGJA and TMAR.

Drawdown Indicators

	DGJA	TMAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-9.93%	+6.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.69%	—
Current Drawdown Current decline from peak	0.00%	-2.99%	+2.99%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.75%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.03%	—

Volatility

Volatility by Period

	DGJA	TMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	10.99%	-5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	12.33%	-6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	12.33%	-6.76%

DGJA vs. TMAR - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is lower than TMAR's 0.95% expense ratio.

Dividends

DGJA vs. TMAR - Dividend Comparison

Neither DGJA nor TMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DGJA and TMAR in my portfolio?

DGJA and TMAR have a correlation of 0.68, 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 TMAR?

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 TMAR?

DGJA is cheaper with a 0.85% expense ratio, compared with 0.95% for TMAR.

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

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

What is the main difference between DGJA and TMAR?

Their fees differ too: 0.85% for DGJA and 0.95% for TMAR.