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FAPR vs. BMAY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

FAPR vs. BMAY

Last updated May 22, 2025

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.

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.

Performance

FAPR vs. BMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) and Innovator U.S. Equity Buffer ETF - May (BMAY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FAPR:

0.53

BMAY:

0.67

Sortino Ratio

FAPR:

0.84

BMAY:

1.06

Omega Ratio

FAPR:

1.15

BMAY:

1.18

Calmar Ratio

FAPR:

0.62

BMAY:

0.74

Martin Ratio

FAPR:

2.74

BMAY:

3.40

Ulcer Index

FAPR:

2.61%

BMAY:

2.79%

Daily Std Dev

FAPR:

13.16%

BMAY:

13.81%

Max Drawdown

FAPR:

-15.96%

BMAY:

-17.66%

Current Drawdown

FAPR:

-2.95%

BMAY:

-1.66%

Returns By Period

In the year-to-date period, FAPR achieves a -0.73% return, which is significantly lower than BMAY's 0.89% return.

FAPR

YTD

-0.73%

1M

7.75%

6M

-0.16%

1Y

6.88%

3Y*

12.34%

5Y*

N/A

10Y*

N/A

BMAY

YTD

0.89%

1M

10.58%

6M

1.37%

1Y

9.13%

3Y*

11.90%

5Y*

9.29%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FT Cboe Vest U.S. Equity Buffer ETF – April

Innovator U.S. Equity Buffer ETF - May

FAPR vs. BMAY - Expense Ratio Comparison

FAPR has a 0.85% expense ratio, which is higher than BMAY's 0.79% expense ratio.

FAPR
FT Cboe Vest U.S. Equity Buffer ETF – April
BMAY
Innovator U.S. Equity Buffer ETF - May

Risk-Adjusted Performance

FAPR vs. BMAY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAPR
The Risk-Adjusted Performance Rank of FAPR is 6262
Overall Rank
The Sharpe Ratio Rank of FAPR is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of FAPR is 5353
Sortino Ratio Rank
The Omega Ratio Rank of FAPR is 6969
Omega Ratio Rank
The Calmar Ratio Rank of FAPR is 6565
Calmar Ratio Rank
The Martin Ratio Rank of FAPR is 7070
Martin Ratio Rank
BMAY
The Risk-Adjusted Performance Rank of BMAY is 7171
Overall Rank
The Sharpe Ratio Rank of BMAY is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of BMAY is 6666
Sortino Ratio Rank
The Omega Ratio Rank of BMAY is 7777
Omega Ratio Rank
The Calmar Ratio Rank of BMAY is 7272
Calmar Ratio Rank
The Martin Ratio Rank of BMAY is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current FAPR Sharpe Ratio is 0.53, which is comparable to the BMAY Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of FAPR and BMAY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

FAPR vs. BMAY - Dividend Comparison

Neither FAPR nor BMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

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Volatility

FAPR vs. BMAY - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is 2.65%, while Innovator U.S. Equity Buffer ETF - May (BMAY) has a volatility of 3.32%. 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.

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