FFEB vs. BUFR

Last updated Jun 24, 2026

FFEB (FT Vest U.S. Equity Buffer ETF - February) and BUFR (FT Vest Laddered Buffer ETF) are both Defined Outcome funds. Both are actively managed. Over the past 5 years, FFEB returned 10.75%/yr vs 9.61%/yr for BUFR. Their correlation of 0.92 suggests significant overlap in exposure. FFEB charges 0.85%/yr vs 0.95%/yr for BUFR.

Performance

FFEB vs. BUFR - Performance Comparison

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

Returns By Period

In the year-to-date period, FFEB achieves a 6.88% return, which is significantly higher than BUFR's 5.63% return.

FFEB

• 1D: -0.56%
• 1M: -0.17%
• YTD: 6.88%
• 6M: 6.77%
• 1Y: 17.62%
• 3Y*: 15.58%
• 5Y*: 10.75%
• 10Y*: —

BUFR

• 1D: -0.66%
• 1M: -0.22%
• YTD: 5.63%
• 6M: 5.31%
• 1Y: 15.99%
• 3Y*: 13.70%
• 5Y*: 9.61%
• 10Y*: —

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

FFEB vs. BUFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FFEB FT Vest U.S. Equity Buffer ETF - February	6.88%	13.76%	16.64%	19.95%	-7.51%	16.26%	7.07%
BUFR FT Vest Laddered Buffer ETF	5.63%	12.44%	14.68%	19.63%	-7.57%	11.88%	6.60%

Correlation

The correlation between FFEB 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	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 11, 2020	0.92

The correlation between FFEB and BUFR has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

FFEB vs. BUFR — Risk / Return Rank

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

FFEB

FFEB Risk / Return Rank: 81
FFEB Sharpe Ratio Rank: 83
FFEB Sortino Ratio Rank: 85
FFEB Omega Ratio Rank: 86
FFEB Calmar Ratio Rank: 67
FFEB Martin Ratio Rank: 84

BUFR

BUFR Risk / Return Rank: 82
BUFR Sharpe Ratio Rank: 80
BUFR Sortino Ratio Rank: 83
BUFR Omega Ratio Rank: 84
BUFR Calmar Ratio Rank: 72
BUFR Martin Ratio Rank: 88

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.

FFEB vs. BUFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer ETF - February (FFEB) 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.

	FFEB	BUFR	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.42	+0.03
Sortino ratio: Return per unit of downside risk	3.52	3.48	+0.04
Omega ratio: Gain probability vs. loss probability	1.49	1.48	+0.01
Calmar ratio: Return relative to maximum drawdown	3.09	3.49	-0.40
Martin ratio: Return relative to average drawdown	16.18	18.54	-2.37

FFEB vs. BUFR - Sharpe Ratio Comparison

The current FFEB Sharpe Ratio is 2.45, which is comparable to the BUFR Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of FFEB 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

FFEB vs. BUFR - Drawdown Comparison

The maximum FFEB drawdown since its inception was -23.14%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for FFEB and BUFR.

Drawdown Indicators

	FFEB	BUFR	Difference
Max Drawdown Largest peak-to-trough decline	-23.14%	-13.73%	-9.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.73%	-4.61%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-11.89%	-12.81%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-13.85%	-13.73%	-0.12%
Current Drawdown Current decline from peak	-1.01%	-0.96%	-0.05%
Average Drawdown Average peak-to-trough decline	-2.41%	-2.08%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.86%	+0.23%

Volatility

FFEB vs. BUFR - Volatility Comparison

FT Vest U.S. Equity Buffer ETF - February (FFEB) has a higher volatility of 2.27% compared to FT Vest Laddered Buffer ETF (BUFR) at 2.13%. This indicates that FFEB's price experiences larger fluctuations and is considered to be riskier than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEB	BUFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	2.13%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	5.91%	5.25%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	7.26%	6.65%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.83%	10.48%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	10.22%	+3.50%

FFEB vs. BUFR - Expense Ratio Comparison

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

Dividends

FFEB vs. BUFR - Dividend Comparison

Neither FFEB nor BUFR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FFEB and BUFR in my portfolio?

With a correlation of 0.97, FFEB 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, FFEB or BUFR?

FFEB has higher volatility (2.27%) compared to BUFR (2.13%). In terms of maximum drawdown, FFEB dropped -23.14% vs BUFR's -13.73%.

Which ETF is better, FFEB or BUFR?

On 5-year performance, FFEB leads with 10.75% vs 9.61% for BUFR. On fees, FFEB is cheaper at 0.85% per year. On volatility, BUFR has been the lower-risk option at 2.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFEB or BUFR?

Over the 5-year period, FFEB has performed better with a 10.75% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFEB or BUFR?

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

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

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

What is the main difference between FFEB and BUFR?

They also come from different issuers: FT Vest and First Trust. Their fees differ too: 0.85% for FFEB and 0.95% for BUFR.

Which has better risk-adjusted returns?

FFEB currently has the higher Sharpe Ratio (2.45 vs 2.42), 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.