FMCX vs. BUFX
FMCX (FMC Excelsior Focus Equity ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - FMCX is a Large Cap Blend Equities fund actively managed by First Manhattan, while BUFX is a Defined Outcome fund managed by First Trust. Their correlation of 0.81 suggests significant overlap in exposure. FMCX charges 0.70%/yr vs 0.96%/yr for BUFX.
Performance
FMCX vs. BUFX - Performance Comparison
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Returns By Period
In the year-to-date period, FMCX achieves a 6.51% return, which is significantly higher than BUFX's 4.10% return.
FMCX
- 1D
- -0.71%
- 1M
- 2.47%
- YTD
- 6.51%
- 6M
- 4.99%
- 1Y
- 16.25%
- 3Y*
- 16.25%
- 5Y*
- —
- 10Y*
- —
BUFX
- 1D
- -0.05%
- 1M
- 1.35%
- YTD
- 4.10%
- 6M
- 4.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMCX vs. BUFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMCX FMC Excelsior Focus Equity ETF | 6.51% | 6.67% |
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 4.10% | 5.62% |
Correlation
The correlation between FMCX and BUFX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.81 |
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Return for Risk
FMCX vs. BUFX — Risk / Return Rank
FMCX
BUFX
FMCX vs. BUFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMC Excelsior Focus Equity ETF (FMCX) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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.
| FMCX | BUFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | — | — |
| Martin ratioReturn relative to average drawdown | 4.54 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMCX | BUFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 2.68 | -2.01 |
Drawdowns
FMCX vs. BUFX - Drawdown Comparison
The maximum FMCX drawdown since its inception was -17.70%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for FMCX and BUFX.
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Drawdown Indicators
| FMCX | BUFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -2.87% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.07% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -0.24% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | — | — |
Volatility
FMCX vs. BUFX - Volatility Comparison
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Volatility by Period
| FMCX | BUFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 3.98% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 3.98% | +12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 3.98% | +12.26% |
FMCX vs. BUFX - Expense Ratio Comparison
FMCX has a 0.70% expense ratio, which is lower than BUFX's 0.96% expense ratio.
Dividends
FMCX vs. BUFX - Dividend Comparison
FMCX's dividend yield for the trailing twelve months is around 0.33%, while BUFX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMCX FMC Excelsior Focus Equity ETF | 0.33% | 0.35% | 2.12% | 1.34% | 1.19% |
Frequently Asked Questions
FMCX and BUFX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMCX is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMCX is cheaper with a 0.70% expense ratio, compared with 0.96% for BUFX.
FMCX has the higher dividend yield at 0.33%, compared with 0.00% for BUFX.
FMCX is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: First Manhattan and First Trust. Their fees differ too: 0.70% for FMCX and 0.96% for BUFX.
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