FMIL vs. BUFX
FMIL (Fidelity New Millennium ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - FMIL is a Large Cap Blend Equities fund actively managed by Fidelity, while BUFX is a Defined Outcome fund managed by First Trust. Their correlation of 0.87 suggests significant overlap in exposure. FMIL charges 0.59%/yr vs 0.96%/yr for BUFX.
Performance
FMIL vs. BUFX - Performance Comparison
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Returns By Period
In the year-to-date period, FMIL achieves a 10.26% return, which is significantly higher than BUFX's 4.10% return.
FMIL
- 1D
- -0.68%
- 1M
- 3.15%
- YTD
- 10.26%
- 6M
- 11.18%
- 1Y
- 26.96%
- 3Y*
- 23.20%
- 5Y*
- 15.85%
- 10Y*
- —
BUFX
- 1D
- -0.05%
- 1M
- 1.35%
- YTD
- 4.10%
- 6M
- 4.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMIL vs. BUFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMIL Fidelity New Millennium ETF | 10.26% | 12.38% |
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 4.10% | 5.62% |
Correlation
The correlation between FMIL and BUFX is 0.87, 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 | 0.87 |
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Return for Risk
FMIL vs. BUFX — Risk / Return Rank
FMIL
BUFX
FMIL vs. BUFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) 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.
| FMIL | BUFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | — | — |
| Martin ratioReturn relative to average drawdown | 12.30 | — | — |
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
| FMIL | BUFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 2.68 | -1.51 |
Drawdowns
FMIL vs. BUFX - Drawdown Comparison
The maximum FMIL drawdown since its inception was -19.72%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for FMIL and BUFX.
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Drawdown Indicators
| FMIL | BUFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -2.87% | -16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -0.07% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -0.24% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | — | — |
Volatility
FMIL vs. BUFX - Volatility Comparison
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Volatility by Period
| FMIL | BUFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 3.98% | +8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 3.98% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 3.98% | +13.67% |
FMIL vs. BUFX - Expense Ratio Comparison
FMIL has a 0.59% expense ratio, which is lower than BUFX's 0.96% expense ratio.
Dividends
FMIL vs. BUFX - Dividend Comparison
FMIL's dividend yield for the trailing twelve months is around 1.00%, while BUFX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMIL Fidelity New Millennium ETF | 1.00% | 1.10% | 0.82% | 0.57% | 1.67% | 1.68% | 0.89% |
Frequently Asked Questions
FMIL and BUFX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMIL is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMIL is cheaper with a 0.59% expense ratio, compared with 0.96% for BUFX.
FMIL has the higher dividend yield at 1.00%, compared with 0.00% for BUFX.
FMIL is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.59% for FMIL and 0.96% for BUFX.
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