ESUM vs. DMAY

Last updated Jun 24, 2026

ESUM (Eventide US Market ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. ESUM is actively managed, while DMAY is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. ESUM charges 0.39%/yr vs 0.85%/yr for DMAY.

Performance

ESUM vs. DMAY - Performance Comparison

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

Returns By Period

In the year-to-date period, ESUM achieves a 10.69% return, which is significantly higher than DMAY's 3.36% return.

ESUM

• 1D: -1.52%
• 1M: 1.74%
• YTD: 10.69%
• 6M: 9.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAY

• 1D: -0.56%
• 1M: -0.40%
• YTD: 3.36%
• 6M: 3.37%
• 1Y: 10.73%
• 3Y*: 11.27%
• 5Y*: 6.78%
• 10Y*: —

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

ESUM vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025
ESUM Eventide US Market ETF	10.69%	0.82%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	3.36%	3.17%

Correlation

The correlation between ESUM and DMAY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025	0.80

Return for Risk

ESUM vs. DMAY — Risk / Return Rank

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

ESUM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DMAY

DMAY Risk / Return Rank: 78
DMAY Sharpe Ratio Rank: 73
DMAY Sortino Ratio Rank: 77
DMAY Omega Ratio Rank: 85
DMAY Calmar Ratio Rank: 69
DMAY Martin Ratio Rank: 88

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.

ESUM vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide US Market ETF (ESUM) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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.

	ESUM	DMAY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.14	—
Sortino ratio: Return per unit of downside risk	—	3.13	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	3.23	—
Martin ratio: Return relative to average drawdown	—	18.05	—

Drawdowns

ESUM vs. DMAY - Drawdown Comparison

The maximum ESUM drawdown since its inception was -8.13%, smaller than the maximum DMAY drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for ESUM and DMAY.

Drawdown Indicators

	ESUM	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-8.13%	-13.90%	+5.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-1.98%	-1.31%	-0.67%
Average Drawdown Average peak-to-trough decline	-1.62%	-2.23%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.60%	—

Volatility

Volatility by Period

	ESUM	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	5.09%	+9.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	9.07%	+5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.34%	8.43%	+5.91%

ESUM vs. DMAY - Expense Ratio Comparison

ESUM has a 0.39% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

ESUM vs. DMAY - Dividend Comparison

ESUM's dividend yield for the trailing twelve months is around 0.58%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
ESUM Eventide US Market ETF	0.58%	0.48%

Frequently Asked Questions

Can I hold both ESUM and DMAY in my portfolio?

ESUM and DMAY 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 ETF is better, ESUM or DMAY?

On fees, ESUM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESUM or DMAY?

ESUM is cheaper with a 0.39% expense ratio, compared with 0.85% for DMAY.

Which ETF pays a higher dividend yield, ESUM or DMAY?

ESUM has the higher dividend yield at 0.58%, compared with 0.00% for DMAY.

What is the main difference between ESUM and DMAY?

They also come from different issuers: Eventide and First Trust. Their fees differ too: 0.39% for ESUM and 0.85% for DMAY.