FDRS vs. DMAY

Last updated Jun 5, 2026

FDRS (Founder-Led ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds - FDRS tracks the Founder Led Index while DMAY tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. FDRS charges 0.49%/yr vs 0.85%/yr for DMAY.

Performance

FDRS vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Founder-Led ETF (FDRS) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRS achieves a 1.52% return, which is significantly lower than DMAY's 4.64% return.

FDRS

• 1D: 1.06%
• 1M: 10.17%
• YTD: 1.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAY

• 1D: 0.21%
• 1M: 1.46%
• YTD: 4.64%
• 6M: 5.44%
• 1Y: 12.58%
• 3Y*: 12.08%
• 5Y*: 7.21%
• 10Y*: —

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

FDRS vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	1.52%	-1.10%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	4.64%	-0.13%

Correlation

The correlation between FDRS and DMAY is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025	0.74

Return for Risk

FDRS vs. DMAY — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 87
DMAY Sharpe Ratio Rank: 84
DMAY Sortino Ratio Rank: 89
DMAY Omega Ratio Rank: 92
DMAY Calmar Ratio Rank: 76
DMAY Martin Ratio Rank: 92

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.

FDRS vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FDRS	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.88	-0.85

Drawdowns

FDRS vs. DMAY - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.64%, which is greater than DMAY's maximum drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for FDRS and DMAY.

Drawdown Indicators

	FDRS	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-13.90%	-7.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-3.31%	-0.08%	-3.23%
Average Drawdown Average peak-to-trough decline	-9.35%	-2.24%	-7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	FDRS	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	4.73%	+23.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	9.02%	+19.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.36%	8.42%	+19.94%

FDRS vs. DMAY - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

FDRS vs. DMAY - Dividend Comparison

Neither FDRS nor DMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDRS and DMAY in my portfolio?

FDRS and DMAY have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDRS or DMAY?

On fees, FDRS is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRS or DMAY?

FDRS is cheaper with a 0.49% expense ratio, compared with 0.85% for DMAY.

Which ETF pays a higher dividend yield, FDRS or DMAY?

FDRS and DMAY have nearly identical dividend yields, around 0.00%.

What is the main difference between FDRS and DMAY?

FDRS tracks Founder Led Index, while DMAY tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. They also come from different issuers: Corgi Strategies and First Trust. Their fees differ too: 0.49% for FDRS and 0.85% for DMAY.