FAPR vs. BMAY
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) and Innovator U.S. Equity Buffer ETF - May (BMAY).
FAPR and BMAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAPR is an actively managed fund by First Trust. It was launched on Apr 16, 2021. BMAY is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index May Series. It was launched on May 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAPR or BMAY.
Performance
FAPR vs. BMAY - Performance Comparison
Returns By Period
In the year-to-date period, FAPR achieves a 17.70% return, which is significantly lower than BMAY's 18.77% return.
FAPR
17.70%
0.90%
7.85%
21.62%
N/A
N/A
BMAY
18.77%
1.00%
8.63%
23.10%
N/A
N/A
Key characteristics
| FAPR | BMAY | |
|---|---|---|
| Sharpe Ratio | 3.61 | 3.55 |
| Sortino Ratio | 4.96 | 4.93 |
| Omega Ratio | 1.82 | 1.80 |
| Calmar Ratio | 4.71 | 4.56 |
| Martin Ratio | 29.56 | 28.29 |
| Ulcer Index | 0.74% | 0.83% |
| Daily Std Dev | 6.09% | 6.63% |
| Max Drawdown | -15.96% | -17.66% |
| Current Drawdown | -0.16% | -0.17% |
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FAPR vs. BMAY - Expense Ratio Comparison
FAPR has a 0.85% expense ratio, which is higher than BMAY's 0.79% expense ratio.
Correlation
The correlation between FAPR and BMAY is 0.96, 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
FAPR vs. BMAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) and Innovator U.S. Equity Buffer ETF - May (BMAY). 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
FAPR vs. BMAY - Dividend Comparison
Neither FAPR nor BMAY has paid dividends to shareholders.
Drawdowns
FAPR vs. BMAY - Drawdown Comparison
The maximum FAPR drawdown since its inception was -15.96%, smaller than the maximum BMAY drawdown of -17.66%. Use the drawdown chart below to compare losses from any high point for FAPR and BMAY. For additional features, visit the drawdowns tool.
Volatility
FAPR vs. BMAY - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is 1.55%, while Innovator U.S. Equity Buffer ETF - May (BMAY) has a volatility of 1.71%. This indicates that FAPR experiences smaller price fluctuations and is considered to be less risky than BMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.