FHDG vs. RBIL

Last updated Jun 5, 2026

FHDG (FT Vest U.S. Equity Quarterly Dynamic Buffer ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - FHDG is a Defined Outcome fund actively managed by First Trust, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. FHDG is actively managed, while RBIL is passively managed. Over the past year, FHDG returned 16.14% vs 4.60% for RBIL. At a correlation of -0.19, they often move in opposite directions. FHDG charges 0.85%/yr vs 0.17%/yr for RBIL.

Performance

FHDG vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHDG achieves a 6.91% return, which is significantly higher than RBIL's 2.67% return.

FHDG

• 1D: 0.19%
• 1M: 1.88%
• YTD: 6.91%
• 6M: 7.56%
• 1Y: 16.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RBIL

• 1D: -0.03%
• 1M: 0.34%
• YTD: 2.67%
• 6M: 2.74%
• 1Y: 4.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHDG vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
FHDG FT Vest U.S. Equity Quarterly Dynamic Buffer ETF	6.91%	9.40%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.67%	2.91%

Correlation

The correlation between FHDG and RBIL is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	-0.19

Return for Risk

FHDG vs. RBIL — Risk / Return Rank

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

FHDG

FHDG Risk / Return Rank: 90
FHDG Sharpe Ratio Rank: 90
FHDG Sortino Ratio Rank: 92
FHDG Omega Ratio Rank: 94
FHDG Calmar Ratio Rank: 80
FHDG Martin Ratio Rank: 92

RBIL

RBIL Risk / Return Rank: 98
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 98
RBIL 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.

FHDG vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

	FHDG	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	3.01	5.06	-2.05
Sortino ratio: Return per unit of downside risk	4.37	8.01	-3.63
Omega ratio: Gain probability vs. loss probability	1.66	2.41	-0.75
Calmar ratio: Return relative to maximum drawdown	4.09	17.11	-13.03
Martin ratio: Return relative to average drawdown	22.43	71.11	-48.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHDG vs. RBIL - Sharpe Ratio Comparison

The current FHDG Sharpe Ratio is 3.01, which is lower than the RBIL Sharpe Ratio of 5.06. The chart below compares the historical Sharpe Ratios of FHDG and RBIL, 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

	FHDG	RBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	5.06	-2.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	4.24	-3.22

Drawdowns

FHDG vs. RBIL - Drawdown Comparison

The maximum FHDG drawdown since its inception was -14.01%, which is greater than RBIL's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for FHDG and RBIL.

Drawdown Indicators

	FHDG	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-14.01%	-0.50%	-13.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.96%	-0.27%	-3.69%
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-1.12%	-0.06%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	0.06%	+0.66%

Volatility

FHDG vs. RBIL - Volatility Comparison

FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG) has a higher volatility of 0.70% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that FHDG's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHDG	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	0.30%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	4.38%	0.79%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	5.39%	0.92%	+4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.70%	1.05%	+10.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.70%	1.05%	+10.65%

FHDG vs. RBIL - Expense Ratio Comparison

FHDG has a 0.85% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

FHDG vs. RBIL - Dividend Comparison

FHDG has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.60%.

Position	TTM	2025
FHDG FT Vest U.S. Equity Quarterly Dynamic Buffer ETF	0.00%	0.00%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.60%	3.65%

Frequently Asked Questions

Can I hold both FHDG and RBIL in my portfolio?

FHDG and RBIL have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHDG or RBIL?

FHDG has higher volatility (0.70%) compared to RBIL (0.30%). In terms of maximum drawdown, FHDG dropped -14.01% vs RBIL's -0.50%.

Which ETF is better, FHDG or RBIL?

On 1-year performance, FHDG leads with 16.14% vs 4.60% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FHDG or RBIL?

Over the 1-year period, FHDG has performed better with a 16.14% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FHDG or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.85% for FHDG.

Which ETF pays a higher dividend yield, FHDG or RBIL?

RBIL has the higher dividend yield at 4.60%, compared with 0.00% for FHDG.

What is the main difference between FHDG and RBIL?

FHDG is categorized as Defined Outcome, while RBIL is Inflation-Protected Bonds. They also come from different issuers: First Trust and F/m. Their fees differ too: 0.85% for FHDG and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (5.06 vs 3.01), 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.