DJUN vs. QMAR

Last updated Jul 15, 2026

DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - DJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while QMAR is a Nasdaq-100 fund actively managed by First Trust. DJUN is passively managed, while QMAR is actively managed. Over the past 5 years, DJUN returned 8.08%/yr vs 11.39%/yr for QMAR. Their correlation of 0.84 suggests significant overlap in exposure. DJUN charges 0.85%/yr vs 0.90%/yr for QMAR.

Performance

DJUN vs. QMAR - Performance Comparison

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

Returns By Period

In the year-to-date period, DJUN achieves a 4.58% return, which is significantly lower than QMAR's 12.77% return.

DJUN

• 1D: 0.27%
• 1M: 0.68%
• 6M: 4.11%
• YTD: 4.58%
• 1Y: 9.49%
• 3Y*: 10.86%
• 5Y*: 8.08%
• 10Y*: —

QMAR

• 1D: 0.39%
• 1M: 0.69%
• 6M: 12.25%
• YTD: 12.77%
• 1Y: 19.74%
• 3Y*: 15.33%
• 5Y*: 11.39%
• 10Y*: —

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

DJUN vs. QMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	4.58%	9.38%	13.92%	17.58%	-6.30%	5.05%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	12.77%	10.89%	16.11%	35.47%	-16.56%	12.87%

Correlation

The correlation between DJUN and QMAR is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 22, 2021	0.84

The correlation between DJUN and QMAR has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

DJUN vs. QMAR — Risk / Return Rank

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

DJUN

DJUN Risk / Return Rank: 86
DJUN Sharpe Ratio Rank: 84
DJUN Sortino Ratio Rank: 88
DJUN Omega Ratio Rank: 91
DJUN Calmar Ratio Rank: 75
DJUN Martin Ratio Rank: 93

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: 95
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.

DJUN vs. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) 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.

	DJUN	QMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.98	-0.86
Sortino ratio: Return per unit of downside risk	3.24	4.46	-1.22
Omega ratio: Gain probability vs. loss probability	1.48	1.67	-0.19
Calmar ratio: Return relative to maximum drawdown	3.05	6.17	-3.12
Martin ratio: Return relative to average drawdown	18.41	34.50	-16.09

DJUN vs. QMAR - Sharpe Ratio Comparison

The current DJUN Sharpe Ratio is 2.12, which is comparable to the QMAR Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of DJUN and QMAR, 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

DJUN vs. QMAR - Drawdown Comparison

The maximum DJUN drawdown since its inception was -11.96%, smaller than the maximum QMAR drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for DJUN and QMAR.

Drawdown Indicators

	DJUN	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-19.83%	+7.87%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-3.21%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-15.91%	+3.95%
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	-19.83%	+7.87%
Current Drawdown Current decline from peak	-0.12%	-0.44%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.57%	-3.24%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	0.57%	-0.05%

Volatility

DJUN vs. QMAR - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) is 1.40%, while FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR) has a volatility of 2.52%. This indicates that DJUN experiences smaller price fluctuations and is considered to be less risky than QMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJUN	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	2.52%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	3.73%	5.81%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	6.65%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.53%	14.03%	-5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.00%	13.78%	-5.78%

DJUN vs. QMAR - Expense Ratio Comparison

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

Dividends

DJUN vs. QMAR - Dividend Comparison

Neither DJUN nor QMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DJUN and QMAR in my portfolio?

DJUN and QMAR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJUN or QMAR?

QMAR has higher volatility (2.52%) compared to DJUN (1.40%). In terms of maximum drawdown, DJUN dropped -11.96% vs QMAR's -19.83%.

Which ETF is better, DJUN or QMAR?

On 5-year performance, QMAR leads with 11.39% vs 8.08% for DJUN. On fees, DJUN is cheaper at 0.85% per year. On volatility, DJUN has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJUN or QMAR?

Over the 5-year period, QMAR has performed better with a 11.39% return vs 8.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJUN or QMAR?

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

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

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

What is the main difference between DJUN and QMAR?

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

Which has better risk-adjusted returns?

QMAR currently has the higher Sharpe Ratio (2.98 vs 2.12), 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.