FAUG vs. BUFR

Last updated Jun 23, 2026

FAUG (FT Cboe Vest U.S. Equity Buffer ETF - August) and BUFR (FT Vest Laddered Buffer ETF) are both exchange-traded funds - FAUG is a Large Cap Blend Equities fund tracking the Cboe S&P 500 Buffer Protect Index August, while BUFR is a Defined Outcome fund actively managed by First Trust. FAUG is passively managed, while BUFR is actively managed. Over the past 5 years, FAUG returned 8.87%/yr vs 9.85%/yr for BUFR. Their correlation of 0.93 suggests significant overlap in exposure. FAUG charges 0.85%/yr vs 0.95%/yr for BUFR.

Performance

FAUG vs. BUFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) and FT Vest Laddered Buffer ETF (BUFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with FAUG at 6.33% and BUFR at 6.33%.

FAUG

• 1D: 0.01%
• 1M: 0.63%
• YTD: 6.33%
• 6M: 6.20%
• 1Y: 18.25%
• 3Y*: 14.11%
• 5Y*: 8.87%
• 10Y*: —

BUFR

• 1D: -0.11%
• 1M: 0.44%
• YTD: 6.33%
• 6M: 6.24%
• 1Y: 17.48%
• 3Y*: 13.95%
• 5Y*: 9.85%
• 10Y*: —

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

FAUG vs. BUFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August	6.33%	13.77%	14.55%	17.24%	-10.52%	11.54%	7.66%
BUFR FT Vest Laddered Buffer ETF	6.33%	12.44%	14.68%	19.63%	-7.57%	11.88%	6.60%

Correlation

The correlation between FAUG and BUFR is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 11, 2020	0.93

The correlation between FAUG and BUFR has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

FAUG vs. BUFR — Risk / Return Rank

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

FAUG

FAUG Risk / Return Rank: 83
FAUG Sharpe Ratio Rank: 83
FAUG Sortino Ratio Rank: 85
FAUG Omega Ratio Rank: 87
FAUG Calmar Ratio Rank: 71
FAUG Martin Ratio Rank: 86

BUFR

BUFR Risk / Return Rank: 86
BUFR Sharpe Ratio Rank: 86
BUFR Sortino Ratio Rank: 88
BUFR Omega Ratio Rank: 89
BUFR Calmar Ratio Rank: 77
BUFR 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.

FAUG vs. BUFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) and FT Vest Laddered Buffer ETF (BUFR). 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.

	FAUG	BUFR	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.65	-0.09
Sortino ratio: Return per unit of downside risk	3.65	3.82	-0.17
Omega ratio: Gain probability vs. loss probability	1.51	1.53	-0.02
Calmar ratio: Return relative to maximum drawdown	3.49	3.81	-0.32
Martin ratio: Return relative to average drawdown	17.57	20.32	-2.75

FAUG vs. BUFR - Sharpe Ratio Comparison

The current FAUG Sharpe Ratio is 2.56, which is comparable to the BUFR Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of FAUG and BUFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAUG vs. BUFR - Drawdown Comparison

The maximum FAUG drawdown since its inception was -22.33%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for FAUG and BUFR.

Drawdown Indicators

	FAUG	BUFR	Difference
Max Drawdown Largest peak-to-trough decline	-22.33%	-13.73%	-8.60%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-4.61%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	-12.81%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-15.91%	-13.73%	-2.18%
Current Drawdown Current decline from peak	-0.09%	-0.30%	+0.21%
Average Drawdown Average peak-to-trough decline	-2.82%	-2.08%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.86%	+0.18%

Volatility

FAUG vs. BUFR - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) is 1.70%, while FT Vest Laddered Buffer ETF (BUFR) has a volatility of 2.02%. This indicates that FAUG experiences smaller price fluctuations and is considered to be less risky than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAUG	BUFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	2.02%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	5.59%	5.23%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	7.17%	6.63%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.79%	10.47%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.72%	10.22%	+2.50%

FAUG vs. BUFR - Expense Ratio Comparison

FAUG has a 0.85% expense ratio, which is lower than BUFR's 0.95% expense ratio.

Dividends

FAUG vs. BUFR - Dividend Comparison

Neither FAUG nor BUFR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FAUG and BUFR in my portfolio?

With a correlation of 0.97, FAUG and BUFR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FAUG or BUFR?

BUFR has higher volatility (2.02%) compared to FAUG (1.70%). In terms of maximum drawdown, FAUG dropped -22.33% vs BUFR's -13.73%.

Which ETF is better, FAUG or BUFR?

On 5-year performance, BUFR leads with 9.85% vs 8.87% for FAUG. On fees, FAUG is cheaper at 0.85% per year. On volatility, FAUG has been the lower-risk option at 1.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAUG or BUFR?

Over the 5-year period, BUFR has performed better with a 9.85% return vs 8.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAUG or BUFR?

FAUG is cheaper with a 0.85% expense ratio, compared with 0.95% for BUFR.

Which ETF pays a higher dividend yield, FAUG or BUFR?

FAUG and BUFR have nearly identical dividend yields, around 0.00%.

What is the main difference between FAUG and BUFR?

FAUG is categorized as Large Cap Blend Equities, while BUFR is Defined Outcome. Their fees differ too: 0.85% for FAUG and 0.95% for BUFR.

Which has better risk-adjusted returns?

BUFR currently has the higher Sharpe Ratio (2.65 vs 2.56), 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.