FAUG vs. QMAR

Last updated Jun 5, 2026

FAUG (FT Cboe Vest U.S. Equity Buffer ETF - August) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - FAUG is a Large Cap Blend Equities fund tracking the Cboe S&P 500 Buffer Protect Index August, while QMAR is a Nasdaq-100 fund actively managed by First Trust. FAUG is passively managed, while QMAR is actively managed. Over the past 5 years, FAUG returned 8.91%/yr vs 12.12%/yr for QMAR. Their correlation of 0.86 suggests significant overlap in exposure. FAUG charges 0.85%/yr vs 0.90%/yr for QMAR.

Performance

FAUG vs. QMAR - 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 Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAUG achieves a 6.31% return, which is significantly lower than QMAR's 13.03% return.

FAUG

• 1D: 0.14%
• 1M: 1.95%
• YTD: 6.31%
• 6M: 6.83%
• 1Y: 18.23%
• 3Y*: 14.59%
• 5Y*: 8.91%
• 10Y*: —

QMAR

• 1D: -0.02%
• 1M: 2.51%
• YTD: 13.03%
• 6M: 13.97%
• 1Y: 23.15%
• 3Y*: 16.71%
• 5Y*: 12.12%
• 10Y*: —

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

FAUG vs. QMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August	6.31%	13.77%	14.55%	17.24%	-10.52%	8.42%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	13.03%	10.89%	16.11%	35.47%	-16.56%	12.31%

Correlation

The correlation between FAUG and QMAR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 23, 2021	0.86

The correlation between FAUG and QMAR has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

FAUG vs. QMAR - Sectors Allocation Comparison

Sectors	FAUG	QMAR
Technology	35.6%	54.2%
Financial Services	11.8%	0.2%
Communication Services	11.2%	15.5%
Consumer Cyclical	10.1%	12.2%
Healthcare	8.5%	4.2%
Industrials	8.3%	2.8%
Consumer Defensive	4.9%	7.6%
Energy	3.5%	0.6%
Utilities	2.4%	1.4%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.2%

Return for Risk

FAUG vs. QMAR — Risk / Return Rank

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

FAUG

FAUG Risk / Return Rank: 81
FAUG Sharpe Ratio Rank: 80
FAUG Sortino Ratio Rank: 83
FAUG Omega Ratio Rank: 85
FAUG Calmar Ratio Rank: 71
FAUG Martin Ratio Rank: 85

QMAR

QMAR Risk / Return Rank: 96
QMAR Sharpe Ratio Rank: 95
QMAR Sortino Ratio Rank: 97
QMAR Omega Ratio Rank: 97
QMAR Calmar Ratio Rank: 94
QMAR Martin Ratio Rank: 98

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. QMAR - 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 Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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.

	FAUG	QMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.54	3.82	-1.28
Sortino ratio: Return per unit of downside risk	3.64	6.00	-2.36
Omega ratio: Gain probability vs. loss probability	1.51	1.92	-0.42
Calmar ratio: Return relative to maximum drawdown	3.48	7.24	-3.75
Martin ratio: Return relative to average drawdown	17.65	52.23	-34.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAUG vs. QMAR - Sharpe Ratio Comparison

The current FAUG Sharpe Ratio is 2.54, which is lower than the QMAR Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of FAUG and QMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAUG	QMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	3.82	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.87	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.91	-0.12

Drawdowns

FAUG vs. QMAR - Drawdown Comparison

The maximum FAUG drawdown since its inception was -22.33%, which is greater than QMAR's maximum drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for FAUG and QMAR.

Drawdown Indicators

	FAUG	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-22.33%	-19.83%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-3.21%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	-15.91%	+3.10%
Max Drawdown (5Y) Largest decline over 5 years	-15.91%	-19.83%	+3.92%
Current Drawdown Current decline from peak	-0.00%	-0.21%	+0.21%
Average Drawdown Average peak-to-trough decline	-2.83%	-3.28%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.45%	+0.59%

Volatility

FAUG vs. QMAR - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) is 0.92%, while FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR) has a volatility of 1.27%. This indicates that FAUG experiences smaller price fluctuations and is considered to be less risky than QMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAUG	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.27%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	5.45%	4.85%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	7.21%	6.08%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.76%	13.96%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	13.85%	-1.10%

FAUG vs. QMAR - Expense Ratio Comparison

FAUG has a 0.85% expense ratio, which is lower than QMAR's 0.90% expense ratio.

Dividends

FAUG vs. QMAR - Dividend Comparison

Neither FAUG nor QMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FAUG and QMAR in my portfolio?

FAUG and QMAR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAUG or QMAR?

QMAR has higher volatility (1.27%) compared to FAUG (0.92%). In terms of maximum drawdown, FAUG dropped -22.33% vs QMAR's -19.83%.

Which ETF is better, FAUG or QMAR?

On 5-year performance, QMAR leads with 12.12% vs 8.91% for FAUG. On fees, FAUG is cheaper at 0.85% per year. On volatility, FAUG has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAUG or QMAR?

Over the 5-year period, QMAR has performed better with a 12.12% return vs 8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAUG or QMAR?

FAUG is cheaper with a 0.85% expense ratio, compared with 0.90% for QMAR.

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

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

What is the main difference between FAUG and QMAR?

FAUG is categorized as Large Cap Blend Equities, while QMAR is Nasdaq-100. Their fees differ too: 0.85% for FAUG and 0.90% for QMAR.

Which has better risk-adjusted returns?

QMAR currently has the higher Sharpe Ratio (3.82 vs 2.54), 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.