FFEB vs. FEBT

Last updated Jun 3, 2026

FFEB (FT Vest U.S. Equity Buffer ETF - February) and FEBT (Allianzim U.S. Large Cap Buffer10 Feb ETF) are both exchange-traded funds - FFEB is a Defined Outcome fund actively managed by FT Vest, while FEBT is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past 3 years, FFEB returned 16.47%/yr vs 16.50%/yr for FEBT. Their correlation of 0.94 suggests significant overlap in exposure. FFEB charges 0.85%/yr vs 0.74%/yr for FEBT.

Performance

FFEB vs. FEBT - 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 Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FFEB having a 7.97% return and FEBT slightly higher at 8.27%.

FFEB

• 1D: 0.02%
• 1M: 2.46%
• YTD: 7.97%
• 6M: 9.15%
• 1Y: 20.20%
• 3Y*: 16.47%
• 5Y*: 11.35%
• 10Y*: —

FEBT

• 1D: 0.24%
• 1M: 2.83%
• YTD: 8.27%
• 6M: 9.35%
• 1Y: 21.32%
• 3Y*: 16.50%
• 5Y*: —
• 10Y*: —

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

FFEB vs. FEBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FFEB FT Vest U.S. Equity Buffer ETF - February	7.97%	13.76%	16.64%	15.76%
FEBT Allianzim U.S. Large Cap Buffer10 Feb ETF	8.27%	12.72%	17.29%	14.73%

Correlation

The correlation between FFEB and FEBT is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.94

The correlation between FFEB and FEBT has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

FFEB vs. FEBT - Sectors Allocation Comparison

Sectors	FFEB	FEBT
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

FFEB vs. FEBT — Risk / Return Rank

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

FFEB

FFEB Risk / Return Rank: 84
FFEB Sharpe Ratio Rank: 85
FFEB Sortino Ratio Rank: 89
FFEB Omega Ratio Rank: 89
FFEB Calmar Ratio Rank: 71
FFEB Martin Ratio Rank: 87

FEBT

FEBT Risk / Return Rank: 82
FEBT Sharpe Ratio Rank: 84
FEBT Sortino Ratio Rank: 87
FEBT Omega Ratio Rank: 87
FEBT Calmar Ratio Rank: 70
FEBT Martin Ratio Rank: 85

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. FEBT - 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 Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT). 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.

	FFEB	FEBT	Difference
Sharpe ratio Return per unit of total volatility	2.85	2.80	+0.06
Sortino ratio Return per unit of downside risk	4.11	4.02	+0.08
Omega ratio Gain probability vs. loss probability	1.58	1.55	+0.03
Calmar ratio Return relative to maximum drawdown	3.58	3.54	+0.04
Martin ratio Return relative to average drawdown	19.10	18.12	+0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFEB vs. FEBT - Sharpe Ratio Comparison

The current FFEB Sharpe Ratio is 2.85, which is comparable to the FEBT Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of FFEB and FEBT, 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

	FFEB	FEBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.80	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.66	-0.78

Drawdowns

FFEB vs. FEBT - Drawdown Comparison

The maximum FFEB drawdown since its inception was -22.81%, which is greater than FEBT's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for FFEB and FEBT.

Drawdown Indicators

	FFEB	FEBT	Difference
Max Drawdown Largest peak-to-trough decline	-22.81%	-13.19%	-9.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.73%	-6.04%	+0.31%
Max Drawdown (3Y) Largest decline over 3 years	-11.89%	-13.19%	+1.30%
Max Drawdown (5Y) Largest decline over 5 years	-13.85%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.40%	-1.18%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.18%	-0.10%

Volatility

FFEB vs. FEBT - Volatility Comparison

FT Vest U.S. Equity Buffer ETF - February (FFEB) and Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT) have volatilities of 1.24% and 1.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEB	FEBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.27%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.56%	5.97%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	7.12%	7.66%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.81%	9.76%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	9.76%	+3.99%

FFEB vs. FEBT - Expense Ratio Comparison

FFEB has a 0.85% expense ratio, which is higher than FEBT's 0.74% expense ratio.

Dividends

FFEB vs. FEBT - Dividend Comparison

Neither FFEB nor FEBT has paid dividends to shareholders.

Position	TTM	2025	2024
FEBT Allianzim U.S. Large Cap Buffer10 Feb ETF	0.00%	0.00%	0.28%
FFEB FT Vest U.S. Equity Buffer ETF - February	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFEB and FEBT in my portfolio?

With a correlation of 0.95, FFEB and FEBT 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 FEBT?

FEBT has higher volatility (1.27%) compared to FFEB (1.24%). In terms of maximum drawdown, FFEB dropped -22.81% vs FEBT's -13.19%.

Which ETF is better, FFEB or FEBT?

On 3-year performance, FEBT leads with 16.50% vs 16.47% for FFEB. On fees, FEBT is cheaper at 0.74% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFEB or FEBT?

Over the 3-year period, FEBT has performed better with a 16.50% return vs 16.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFEB or FEBT?

FEBT is cheaper with a 0.74% expense ratio, compared with 0.85% for FFEB.

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

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

What is the main difference between FFEB and FEBT?

FFEB is categorized as Defined Outcome, while FEBT is Options Trading. They also come from different issuers: FT Vest and Allianz. Their fees differ too: 0.85% for FFEB and 0.74% for FEBT.

Which has better risk-adjusted returns?

FFEB currently has the higher Sharpe Ratio (2.85 vs 2.80), 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.