Correlation
The correlation between FMAY and SPY 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. SPY
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) and SPDR S&P 500 ETF (SPY).
FMAY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FMAY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAY or SPY.
Performance
FMAY vs. SPY - Performance Comparison
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Key characteristics
FMAY:
0.88
SPY:
0.67
FMAY:
1.27
SPY:
1.03
FMAY:
1.19
SPY:
1.15
FMAY:
0.83
SPY:
0.69
FMAY:
3.44
SPY:
2.61
FMAY:
3.18%
SPY:
4.92%
FMAY:
13.15%
SPY:
20.44%
FMAY:
-13.60%
SPY:
-55.19%
FMAY:
-0.72%
SPY:
-3.44%
Returns By Period
In the year-to-date period, FMAY achieves a 2.26% return, which is significantly higher than SPY's 0.98% return.
FMAY
2.26%
6.34%
1.59%
11.49%
10.00%
8.98%
N/A
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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FMAY vs. SPY - Expense Ratio Comparison
FMAY has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FMAY vs. SPY — Risk-Adjusted Performance Rank
FMAY
SPY
FMAY vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FMAY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FMAY vs. SPY - Drawdown Comparison
The maximum FMAY drawdown since its inception was -13.60%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FMAY and SPY.
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Volatility
FMAY vs. SPY - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) is 4.10%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that FMAY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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