FEBZ vs. QMAR
FEBZ (TrueShares Structured Outcome (February) ETF) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - FEBZ is a Defined Outcome fund tracking the S&P 500 Price Index, while QMAR is a Nasdaq-100 fund actively managed by First Trust. FEBZ is passively managed, while QMAR is actively managed. Over the past 5 years, FEBZ returned 10.98%/yr vs 11.66%/yr for QMAR. Their correlation of 0.88 suggests significant overlap in exposure. FEBZ charges 0.79%/yr vs 0.90%/yr for QMAR.
Performance
FEBZ vs. QMAR - Performance Comparison
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Returns By Period
In the year-to-date period, FEBZ achieves a 7.05% return, which is significantly lower than QMAR's 12.60% return.
FEBZ
- 1D
- -0.26%
- 1M
- 0.17%
- YTD
- 7.05%
- 6M
- 6.68%
- 1Y
- 19.20%
- 3Y*
- 14.99%
- 5Y*
- 10.98%
- 10Y*
- —
QMAR
- 1D
- -0.12%
- 1M
- 0.30%
- YTD
- 12.60%
- 6M
- 12.67%
- 1Y
- 22.68%
- 3Y*
- 16.06%
- 5Y*
- 11.66%
- 10Y*
- —
FEBZ vs. QMAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEBZ TrueShares Structured Outcome (February) ETF | 7.05% | 12.97% | 16.88% | 20.65% | -10.32% | 17.08% |
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.60% | 10.89% | 16.11% | 35.47% | -16.56% | 12.87% |
Correlation
The correlation between FEBZ 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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2021 | 0.88 |
The correlation between FEBZ and QMAR has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
FEBZ vs. QMAR — Risk / Return Rank
FEBZ
QMAR
FEBZ vs. QMAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (February) ETF (FEBZ) 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.
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.
| FEBZ | QMAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.84 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 7.09 | -4.39 |
| Martin ratioReturn relative to average drawdown | 11.33 | 44.33 | -33.00 |
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Drawdowns
FEBZ vs. QMAR - Drawdown Comparison
The maximum FEBZ drawdown since its inception was -17.50%, smaller than the maximum QMAR drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for FEBZ and QMAR.
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Drawdown Indicators
| FEBZ | QMAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -19.83% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -3.21% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -15.91% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.50% | -19.83% | +2.33% |
Current DrawdownCurrent decline from peak | -1.35% | -0.59% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -3.26% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 0.51% | +1.19% |
Volatility
FEBZ vs. QMAR - Volatility Comparison
TrueShares Structured Outcome (February) ETF (FEBZ) has a higher volatility of 3.37% compared to FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR) at 2.72%. This indicates that FEBZ's price experiences larger fluctuations and is considered to be riskier than QMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEBZ | QMAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 2.72% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 5.48% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 6.46% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.53% | 14.01% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.37% | 13.83% | -1.46% |
FEBZ vs. QMAR - Expense Ratio Comparison
FEBZ has a 0.79% expense ratio, which is lower than QMAR's 0.90% expense ratio.
Dividends
FEBZ vs. QMAR - Dividend Comparison
FEBZ's dividend yield for the trailing twelve months is around 2.99%, while QMAR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FEBZ TrueShares Structured Outcome (February) ETF | 2.99% | 3.20% | 3.88% | 6.81% |
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEBZ 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.
FEBZ has higher volatility (3.37%) compared to QMAR (2.72%). In terms of maximum drawdown, FEBZ dropped -17.50% vs QMAR's -19.83%.
On 5-year performance, QMAR leads with 11.66% vs 10.98% for FEBZ. On fees, FEBZ is cheaper at 0.79% per year. On volatility, QMAR has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QMAR has performed better with a 11.66% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEBZ is cheaper with a 0.79% expense ratio, compared with 0.90% for QMAR.
FEBZ has the higher dividend yield at 2.99%, compared with 0.00% for QMAR.
FEBZ is categorized as Defined Outcome, while QMAR is Nasdaq-100. They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.79% for FEBZ and 0.90% for QMAR.
QMAR currently has the higher Sharpe Ratio (3.53 vs 1.99), 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.
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