FAUG vs. DMAY
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY).
FAUG and DMAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAUG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Buffer Protect Index August. It was launched on Nov 6, 2019. DMAY is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. It was launched on May 15, 2020. Both FAUG and DMAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAUG or DMAY.
Performance
FAUG vs. DMAY - Performance Comparison
Returns By Period
In the year-to-date period, FAUG achieves a 14.45% return, which is significantly higher than DMAY's 12.44% return.
FAUG
14.45%
0.76%
6.58%
18.59%
8.97%
N/A
DMAY
12.44%
0.58%
7.58%
15.36%
N/A
N/A
Key characteristics
| FAUG | DMAY | |
|---|---|---|
| Sharpe Ratio | 3.19 | 2.79 |
| Sortino Ratio | 4.53 | 3.86 |
| Omega Ratio | 1.71 | 1.66 |
| Calmar Ratio | 7.22 | 3.50 |
| Martin Ratio | 34.35 | 19.87 |
| Ulcer Index | 0.56% | 0.80% |
| Daily Std Dev | 6.07% | 5.68% |
| Max Drawdown | -22.33% | -13.90% |
| Current Drawdown | -0.52% | -0.60% |
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FAUG vs. DMAY - Expense Ratio Comparison
Both FAUG and DMAY have an expense ratio of 0.85%.
Correlation
The correlation between FAUG and DMAY is 0.88, 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
FAUG vs. DMAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) 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.
Dividends
FAUG vs. DMAY - Dividend Comparison
Neither FAUG nor DMAY has paid dividends to shareholders.
Drawdowns
FAUG vs. DMAY - Drawdown Comparison
The maximum FAUG drawdown since its inception was -22.33%, which is greater than DMAY's maximum drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for FAUG and DMAY. For additional features, visit the drawdowns tool.
Volatility
FAUG vs. DMAY - Volatility Comparison
FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) has a higher volatility of 2.16% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) at 1.99%. This indicates that FAUG's price experiences larger fluctuations and is considered to be riskier than DMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.