FMKT vs. FMAY
FMKT (The Free Markets ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. FMKT is actively managed, while FMAY is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. FMKT charges 0.76%/yr vs 0.85%/yr for FMAY.
Performance
FMKT vs. FMAY - Performance Comparison
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Returns By Period
In the year-to-date period, FMKT achieves a 2.65% return, which is significantly lower than FMAY's 5.39% return.
FMKT
- 1D
- -2.40%
- 1M
- -0.64%
- YTD
- 2.65%
- 6M
- 0.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMAY
- 1D
- -0.38%
- 1M
- 1.63%
- YTD
- 5.39%
- 6M
- 6.32%
- 1Y
- 15.38%
- 3Y*
- 14.13%
- 5Y*
- 9.48%
- 10Y*
- —
FMKT vs. FMAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMKT The Free Markets ETF | 2.65% | 10.93% |
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May | 5.39% | 8.65% |
Correlation
The correlation between FMKT and FMAY is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.66 |
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Return for Risk
FMKT vs. FMAY — Risk / Return Rank
FMKT
FMAY
FMKT vs. FMAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Free Markets ETF (FMKT) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FMKT | FMAY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.56 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.02 | -0.29 |
Drawdowns
FMKT vs. FMAY - Drawdown Comparison
The maximum FMKT drawdown since its inception was -17.79%, which is greater than FMAY's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for FMKT and FMAY.
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Drawdown Indicators
| FMKT | FMAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -13.60% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.60% | — |
Current DrawdownCurrent decline from peak | -6.86% | -0.38% | -6.48% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -2.01% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.72% | — |
Volatility
FMKT vs. FMAY - Volatility Comparison
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Volatility by Period
| FMKT | FMAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 6.04% | +13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 10.59% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 10.15% | +9.44% |
FMKT vs. FMAY - Expense Ratio Comparison
FMKT has a 0.76% expense ratio, which is lower than FMAY's 0.85% expense ratio.
Dividends
FMKT vs. FMAY - Dividend Comparison
FMKT's dividend yield for the trailing twelve months is around 2.10%, while FMAY has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May | 0.00% | 0.00% |
FMKT The Free Markets ETF | 2.10% | 2.15% |
Frequently Asked Questions
FMKT and FMAY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMKT is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMKT is cheaper with a 0.76% expense ratio, compared with 0.85% for FMAY.
FMKT has the higher dividend yield at 2.10%, compared with 0.00% for FMAY.
Their fees differ too: 0.76% for FMKT and 0.85% for FMAY.
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