DMAY vs. SPY
Compare and contrast key facts about FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) and SPDR S&P 500 ETF (SPY).
DMAY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DMAY is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. It was launched on May 15, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DMAY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DMAY or SPY.
Performance
DMAY vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, DMAY achieves a 13.17% return, which is significantly lower than SPY's 26.47% return.
DMAY
13.17%
1.78%
8.45%
15.86%
N/A
N/A
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| DMAY | SPY | |
|---|---|---|
| Sharpe Ratio | 2.80 | 2.69 |
| Sortino Ratio | 3.86 | 3.59 |
| Omega Ratio | 1.66 | 1.50 |
| Calmar Ratio | 3.50 | 3.88 |
| Martin Ratio | 19.87 | 17.47 |
| Ulcer Index | 0.80% | 1.87% |
| Daily Std Dev | 5.67% | 12.14% |
| Max Drawdown | -13.90% | -55.19% |
| Current Drawdown | 0.00% | -0.54% |
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DMAY vs. SPY - Expense Ratio Comparison
DMAY has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between DMAY and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DMAY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DMAY vs. SPY - Dividend Comparison
DMAY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DMAY vs. SPY - Drawdown Comparison
The maximum DMAY drawdown since its inception was -13.90%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DMAY and SPY. For additional features, visit the drawdowns tool.
Volatility
DMAY vs. SPY - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) is 1.92%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that DMAY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.