FOCT vs. SPY
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF- October (FOCT) and SPDR S&P 500 ETF (SPY).
FOCT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FOCT is an actively managed fund by First Trust. It was launched on Oct 16, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOCT or SPY.
Performance
FOCT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FOCT achieves a 10.16% return, which is significantly lower than SPY's 26.08% return.
FOCT
10.16%
1.06%
4.41%
13.18%
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FOCT | SPY | |
|---|---|---|
| Sharpe Ratio | 2.73 | 2.70 |
| Sortino Ratio | 3.90 | 3.60 |
| Omega Ratio | 1.67 | 1.50 |
| Calmar Ratio | 5.26 | 3.90 |
| Martin Ratio | 30.62 | 17.52 |
| Ulcer Index | 0.43% | 1.87% |
| Daily Std Dev | 4.86% | 12.14% |
| Max Drawdown | -14.07% | -55.19% |
| Current Drawdown | -0.49% | -0.85% |
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FOCT vs. SPY - Expense Ratio Comparison
FOCT has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between FOCT 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.
Risk-Adjusted Performance
FOCT 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- October (FOCT) 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.
Dividends
FOCT vs. SPY - Dividend Comparison
FOCT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCT FT Cboe Vest U.S. Equity Buffer ETF- October | 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 | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FOCT vs. SPY - Drawdown Comparison
The maximum FOCT drawdown since its inception was -14.07%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FOCT and SPY. For additional features, visit the drawdowns tool.
Volatility
FOCT vs. SPY - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF- October (FOCT) is 2.62%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that FOCT 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.