DOCT vs. MGLBX

Last updated Jun 3, 2026

DOCT (FT Vest U.S. Equity Deep Buffer ETF - October) and MGLBX (Marsico Global Fund) are both funds - DOCT is a Defined Outcome fund tracking the S&P 500, while MGLBX is a Global Equities fund managed by Marsico Investment Fund. Over the past 5 years, DOCT returned 7.82%/yr vs 13.97%/yr for MGLBX. A 0.75 correlation means they provide meaningful diversification when combined. DOCT charges 0.85%/yr vs 1.45%/yr for MGLBX.

Performance

DOCT vs. MGLBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) and Marsico Global Fund (MGLBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOCT achieves a 5.27% return, which is significantly lower than MGLBX's 16.48% return.

DOCT

• 1D: 0.03%
• 1M: 1.90%
• YTD: 5.27%
• 6M: 5.91%
• 1Y: 17.16%
• 3Y*: 11.03%
• 5Y*: 7.82%
• 10Y*: —

MGLBX

• 1D: 0.21%
• 1M: 8.11%
• YTD: 16.48%
• 6M: 19.28%
• 1Y: 30.10%
• 3Y*: 32.27%
• 5Y*: 13.97%
• 10Y*: 19.71%

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

DOCT vs. MGLBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DOCT FT Vest U.S. Equity Deep Buffer ETF - October	5.27%	12.50%	8.28%	16.13%	-5.27%	6.89%	145.69%
MGLBX Marsico Global Fund	16.48%	27.15%	40.57%	35.38%	-34.54%	10.96%	40.11%

Correlation

The correlation between DOCT and MGLBX 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	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020	0.75

The correlation between DOCT and MGLBX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

DOCT vs. MGLBX — Risk / Return Rank

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

DOCT

DOCT Risk / Return Rank: 86
DOCT Sharpe Ratio Rank: 86
DOCT Sortino Ratio Rank: 91
DOCT Omega Ratio Rank: 89
DOCT Calmar Ratio Rank: 77
DOCT Martin Ratio Rank: 89

MGLBX

MGLBX Risk / Return Rank: 33
MGLBX Sharpe Ratio Rank: 31
MGLBX Sortino Ratio Rank: 30
MGLBX Omega Ratio Rank: 30
MGLBX Calmar Ratio Rank: 32
MGLBX Martin Ratio Rank: 42

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.

DOCT vs. MGLBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) and Marsico Global Fund (MGLBX). 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.

	DOCT	MGLBX	Difference
Sharpe ratio Return per unit of total volatility	2.89	1.62	+1.28
Sortino ratio Return per unit of downside risk	4.36	2.32	+2.03
Omega ratio Gain probability vs. loss probability	1.58	1.29	+0.29
Calmar ratio Return relative to maximum drawdown	4.01	2.17	+1.84
Martin ratio Return relative to average drawdown	20.21	9.03	+11.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOCT vs. MGLBX - Sharpe Ratio Comparison

The current DOCT Sharpe Ratio is 2.89, which is higher than the MGLBX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DOCT and MGLBX, 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

	DOCT	MGLBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	1.62	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.64	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.57	-0.04

Drawdowns

DOCT vs. MGLBX - Drawdown Comparison

The maximum DOCT drawdown since its inception was -9.92%, smaller than the maximum MGLBX drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for DOCT and MGLBX.

Drawdown Indicators

	DOCT	MGLBX	Difference
Max Drawdown Largest peak-to-trough decline	-9.92%	-59.60%	+49.68%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-14.92%	+10.58%
Max Drawdown (3Y) Largest decline over 3 years	-9.92%	-20.66%	+10.74%
Max Drawdown (5Y) Largest decline over 5 years	-9.92%	-43.08%	+33.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.08%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.54%	-11.57%	+10.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	3.58%	-2.72%

Volatility

DOCT vs. MGLBX - Volatility Comparison

The current volatility for FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) is 0.88%, while Marsico Global Fund (MGLBX) has a volatility of 6.64%. This indicates that DOCT experiences smaller price fluctuations and is considered to be less risky than MGLBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOCT	MGLBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	6.64%	-5.76%
Volatility (6M) Calculated over the trailing 6-month period	4.40%	16.12%	-11.72%
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	19.57%	-13.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	21.97%	-14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.60%	23.06%	+25.54%

DOCT vs. MGLBX - Expense Ratio Comparison

DOCT has a 0.85% expense ratio, which is lower than MGLBX's 1.45% expense ratio.

Dividends

DOCT vs. MGLBX - Dividend Comparison

DOCT has not paid dividends to shareholders, while MGLBX's dividend yield for the trailing twelve months is around 10.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOCT FT Vest U.S. Equity Deep Buffer ETF - October	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MGLBX Marsico Global Fund	10.41%	12.13%	3.42%	1.98%	4.37%	17.97%	24.53%	0.00%	1.16%	9.25%	0.00%	11.04%

Frequently Asked Questions

Can I hold both DOCT and MGLBX in my portfolio?

DOCT and MGLBX 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, DOCT or MGLBX?

MGLBX has higher volatility (6.64%) compared to DOCT (0.88%). In terms of maximum drawdown, DOCT dropped -9.92% vs MGLBX's -59.60%.

Which has better risk-adjusted returns?

DOCT currently has the higher Sharpe Ratio (2.89 vs 1.62), 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.