EDGU vs. FMAY

Last updated Jun 4, 2026

EDGU (3EDGE Dynamic US Equity ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. EDGU is actively managed, while FMAY is passively managed. Over the past year, EDGU returned 27.51% vs 15.38% for FMAY. Their correlation of 0.92 suggests significant overlap in exposure. EDGU charges 0.91%/yr vs 0.85%/yr for FMAY.

Performance

EDGU vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic US Equity ETF (EDGU) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGU achieves a 12.54% return, which is significantly higher than FMAY's 5.39% return.

EDGU

• 1D: -0.48%
• 1M: 6.63%
• YTD: 12.54%
• 6M: 12.90%
• 1Y: 27.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMAY

• 1D: -0.38%
• 1M: 1.63%
• YTD: 5.39%
• 6M: 6.32%
• 1Y: 15.38%
• 3Y*: 14.13%
• 5Y*: 9.48%
• 10Y*: —

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

EDGU vs. FMAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDGU 3EDGE Dynamic US Equity ETF	12.54%	14.79%	0.27%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	5.39%	12.69%	2.71%

Correlation

The correlation between EDGU and FMAY is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024	0.92

The correlation between EDGU and FMAY has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

EDGU vs. FMAY - Sectors Allocation Comparison

Sectors	EDGU	FMAY
Technology	27.3%	36.2%
Financial Services	14.2%	11.9%
Consumer Cyclical	11.8%	10.1%
Communication Services	11.2%	10.9%
Industrials	9.4%	8.1%
Healthcare	8.3%	8.4%
Energy	6.1%	3.5%
Consumer Defensive	5.5%	4.9%
Basic Materials	2.3%	1.8%
Utilities	2.2%	2.3%
Real Estate	1.7%	1.9%

Return for Risk

EDGU vs. FMAY — Risk / Return Rank

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

EDGU

EDGU Risk / Return Rank: 75
EDGU Sharpe Ratio Rank: 74
EDGU Sortino Ratio Rank: 71
EDGU Omega Ratio Rank: 72
EDGU Calmar Ratio Rank: 77
EDGU Martin Ratio Rank: 79

FMAY

FMAY Risk / Return Rank: 83
FMAY Sharpe Ratio Rank: 79
FMAY Sortino Ratio Rank: 85
FMAY Omega Ratio Rank: 87
FMAY Calmar Ratio Rank: 74
FMAY Martin Ratio Rank: 91

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.

EDGU vs. FMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic US Equity ETF (EDGU) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). 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.

	EDGU	FMAY	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.56	-0.19
Sortino ratio: Return per unit of downside risk	3.19	3.80	-0.62
Omega ratio: Gain probability vs. loss probability	1.43	1.54	-0.11
Calmar ratio: Return relative to maximum drawdown	3.90	3.66	+0.24
Martin ratio: Return relative to average drawdown	15.02	21.48	-6.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDGU vs. FMAY - Sharpe Ratio Comparison

The current EDGU Sharpe Ratio is 2.37, which is comparable to the FMAY Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of EDGU and FMAY, 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

	EDGU	FMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.56	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	1.02	+0.10

Drawdowns

EDGU vs. FMAY - Drawdown Comparison

The maximum EDGU drawdown since its inception was -17.58%, which is greater than FMAY's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for EDGU and FMAY.

Drawdown Indicators

	EDGU	FMAY	Difference
Max Drawdown Largest peak-to-trough decline	-17.58%	-13.60%	-3.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-4.22%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.60%	—
Current Drawdown Current decline from peak	-0.48%	-0.38%	-0.10%
Average Drawdown Average peak-to-trough decline	-2.51%	-2.01%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	0.72%	+1.12%

Volatility

EDGU vs. FMAY - Volatility Comparison

3EDGE Dynamic US Equity ETF (EDGU) has a higher volatility of 3.31% compared to FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) at 1.02%. This indicates that EDGU's price experiences larger fluctuations and is considered to be riskier than FMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGU	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	1.02%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	4.59%	+3.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	6.04%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	10.59%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	10.15%	+4.99%

EDGU vs. FMAY - Expense Ratio Comparison

EDGU has a 0.91% expense ratio, which is higher than FMAY's 0.85% expense ratio.

Dividends

EDGU vs. FMAY - Dividend Comparison

EDGU's dividend yield for the trailing twelve months is around 0.65%, while FMAY has not paid dividends to shareholders.

Position	TTM	2025	2024
EDGU 3EDGE Dynamic US Equity ETF	0.65%	0.61%	0.15%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDGU and FMAY in my portfolio?

EDGU and FMAY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGU or FMAY?

EDGU has higher volatility (3.31%) compared to FMAY (1.02%). In terms of maximum drawdown, EDGU dropped -17.58% vs FMAY's -13.60%.

Which ETF is better, EDGU or FMAY?

On 1-year performance, EDGU leads with 27.51% vs 15.38% for FMAY. On fees, FMAY is cheaper at 0.85% per year. On volatility, FMAY has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGU or FMAY?

Over the 1-year period, EDGU has performed better with a 27.51% return vs 15.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGU or FMAY?

FMAY is cheaper with a 0.85% expense ratio, compared with 0.91% for EDGU.

Which ETF pays a higher dividend yield, EDGU or FMAY?

EDGU has the higher dividend yield at 0.65%, compared with 0.00% for FMAY.

What is the main difference between EDGU and FMAY?

They also come from different issuers: 3EDGE Asset Management and First Trust. Their fees differ too: 0.91% for EDGU and 0.85% for FMAY.

Which has better risk-adjusted returns?

FMAY currently has the higher Sharpe Ratio (2.56 vs 2.37), 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.