Correlation
The correlation between FMAY and BUFR is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FMAY vs. BUFR
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) and FT Cboe Vest Fund of Buffer ETFs (BUFR).
FMAY and BUFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMAY is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Buffer Protect Index May Series. It was launched on May 15, 2020. BUFR is an actively managed fund by First Trust. It was launched on Aug 10, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAY or BUFR.
Performance
FMAY vs. BUFR - Performance Comparison
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Key characteristics
FMAY:
0.88
BUFR:
0.72
FMAY:
1.27
BUFR:
1.03
FMAY:
1.19
BUFR:
1.17
FMAY:
0.83
BUFR:
0.63
FMAY:
3.44
BUFR:
2.66
FMAY:
3.18%
BUFR:
3.02%
FMAY:
13.15%
BUFR:
11.70%
FMAY:
-13.60%
BUFR:
-13.73%
FMAY:
-0.72%
BUFR:
-1.72%
Returns By Period
In the year-to-date period, FMAY achieves a 2.26% return, which is significantly higher than BUFR's 0.98% return.
FMAY
2.26%
6.34%
1.59%
11.49%
10.00%
8.98%
N/A
BUFR
0.98%
4.55%
0.52%
8.38%
10.88%
N/A
N/A
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FMAY vs. BUFR - Expense Ratio Comparison
FMAY has a 0.85% expense ratio, which is lower than BUFR's 1.05% expense ratio.
Risk-Adjusted Performance
FMAY vs. BUFR — Risk-Adjusted Performance Rank
FMAY
BUFR
FMAY vs. BUFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) and FT Cboe Vest Fund of Buffer ETFs (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.
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Dividends
FMAY vs. BUFR - Dividend Comparison
Neither FMAY nor BUFR has paid dividends to shareholders.
Drawdowns
FMAY vs. BUFR - Drawdown Comparison
The maximum FMAY drawdown since its inception was -13.60%, roughly equal to the maximum BUFR drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for FMAY and BUFR.
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Volatility
FMAY vs. BUFR - Volatility Comparison
FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) has a higher volatility of 4.10% compared to FT Cboe Vest Fund of Buffer ETFs (BUFR) at 3.32%. This indicates that FMAY'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.
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