DMAY vs. ABIG

Last updated Apr 16, 2026

DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) and ABIG (Argent Large Cap ETF) are both Large Cap Blend Equities funds. DMAY is passively managed, while ABIG is actively managed. Over the past year, DMAY returned 20.90% vs 17.00% for ABIG. Their correlation of 0.89 suggests significant overlap in exposure. DMAY charges 0.85%/yr vs 0.49%/yr for ABIG.

Performance

DMAY vs. ABIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) and Argent Large Cap ETF (ABIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMAY achieves a 2.42% return, which is significantly higher than ABIG's -0.55% return.

DMAY

• 1D: 0.20%
• 1M: 2.30%
• YTD: 2.42%
• 6M: 4.63%
• 1Y: 20.90%
• 3Y*: 12.14%
• 5Y*: 6.91%
• 10Y*: —

ABIG

• 1D: 0.80%
• 1M: 5.74%
• YTD: -0.55%
• 6M: 1.63%
• 1Y: 17.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMAY vs. ABIG - Yearly Performance Comparison

	2026 (YTD)	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	2.42%	16.77%
ABIG Argent Large Cap ETF	-0.55%	16.95%

Correlation

The correlation between DMAY and ABIG is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	0.89

The correlation between DMAY and ABIG has been stable across timeframes, ranging from 0.89 to 0.89 — a consistent structural relationship.

Return for Risk

DMAY vs. ABIG — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 91
DMAY Sharpe Ratio Rank: 85
DMAY Sortino Ratio Rank: 93
DMAY Omega Ratio Rank: 95
DMAY Calmar Ratio Rank: 86
DMAY Martin Ratio Rank: 95

ABIG

ABIG Risk / Return Rank: 23
ABIG Sharpe Ratio Rank: 25
ABIG Sortino Ratio Rank: 25
ABIG Omega Ratio Rank: 25
ABIG Calmar Ratio Rank: 20
ABIG Martin Ratio Rank: 23

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.

DMAY vs. ABIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) and Argent Large Cap ETF (ABIG). 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.

	DMAY	ABIG	Difference
Sharpe ratio Return per unit of total volatility	2.97	1.20	+1.77
Sortino ratio Return per unit of downside risk	4.83	1.73	+3.10
Omega ratio Gain probability vs. loss probability	1.76	1.22	+0.55
Calmar ratio Return relative to maximum drawdown	5.34	1.28	+4.06
Martin ratio Return relative to average drawdown	29.82	4.55	+25.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMAY vs. ABIG - Sharpe Ratio Comparison

The current DMAY Sharpe Ratio is 2.97, which is higher than the ABIG Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of DMAY and ABIG, 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

	DMAY	ABIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	1.20	+1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.10	-0.26

Drawdowns

DMAY vs. ABIG - Drawdown Comparison

The maximum DMAY drawdown since its inception was -13.90%, roughly equal to the maximum ABIG drawdown of -13.70%. Use the drawdown chart below to compare losses from any high point for DMAY and ABIG.

Drawdown Indicators

	DMAY	ABIG	Difference
Max Drawdown Largest peak-to-trough decline	-13.90%	-13.70%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-3.36%	-13.70%	+10.34%
Max Drawdown (5Y) Largest decline over 5 years	-13.90%	—	—
Current Drawdown Current decline from peak	0.00%	-3.49%	+3.49%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.40%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	3.86%	-3.20%

Volatility

DMAY vs. ABIG - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) is 2.90%, while Argent Large Cap ETF (ABIG) has a volatility of 5.78%. This indicates that DMAY experiences smaller price fluctuations and is considered to be less risky than ABIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMAY	ABIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	5.78%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	10.30%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	7.18%	14.32%	-7.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.02%	14.70%	-5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.51%	14.70%	-6.19%

DMAY vs. ABIG - Expense Ratio Comparison

DMAY has a 0.85% expense ratio, which is higher than ABIG's 0.49% expense ratio.

Dividends

DMAY vs. ABIG - Dividend Comparison

DMAY has not paid dividends to shareholders, while ABIG's dividend yield for the trailing twelve months is around 0.10%.

	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
ABIG Argent Large Cap ETF	0.10%	0.10%