FTIF vs. DMAY

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY).

FTIF and DMAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTIF is a passively managed fund by First Trust that tracks the performance of the Bloomberg Inflation Sensitive Equity Index - Benchmark TR Gross. It was launched on Mar 13, 2023. DMAY is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. It was launched on May 15, 2020. Both FTIF and DMAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTIF vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

FTIF vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	19.63%	7.79%	0.50%	12.52%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	-0.69%	11.05%	12.82%	14.73%

Returns By Period

In the year-to-date period, FTIF achieves a 19.63% return, which is significantly higher than DMAY's -0.69% return.

FTIF

• 1D: 0.42%
• 1M: 1.49%
• YTD: 19.63%
• 6M: 23.49%
• 1Y: 32.50%
• 3Y*: 12.74%
• 5Y*: —
• 10Y*: —

DMAY

• 1D: 1.73%
• 1M: -1.45%
• YTD: -0.69%
• 6M: 1.37%
• 1Y: 13.46%
• 3Y*: 11.21%
• 5Y*: 6.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTIF vs. DMAY - Expense Ratio Comparison

FTIF has a 0.60% expense ratio, which is lower than DMAY's 0.85% expense ratio.

DMAY

FT Cboe Vest U.S. Equity Deep Buffer ETF - May

FTIF

First Trust Bloomberg Inflation Sensitive Equity ETF

Return for Risk

FTIF vs. DMAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTIF

FTIF Risk / Return Rank: 78
FTIF Sharpe Ratio Rank: 76
FTIF Sortino Ratio Rank: 77
FTIF Omega Ratio Rank: 79
FTIF Calmar Ratio Rank: 73
FTIF Martin Ratio Rank: 82

DMAY

DMAY Risk / Return Rank: 71
DMAY Sharpe Ratio Rank: 70
DMAY Sortino Ratio Rank: 73
DMAY Omega Ratio Rank: 88
DMAY Calmar Ratio Rank: 53
DMAY Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTIF vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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.

	FTIF	DMAY	Difference
Sharpe ratio Return per unit of total volatility	1.42	1.26	+0.17
Sortino ratio Return per unit of downside risk	2.00	1.86	+0.13
Omega ratio Gain probability vs. loss probability	1.31	1.37	-0.06
Calmar ratio Return relative to maximum drawdown	1.93	1.39	+0.54
Martin ratio Return relative to average drawdown	9.48	7.42	+2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTIF vs. DMAY - Sharpe Ratio Comparison

The current FTIF Sharpe Ratio is 1.42, which is comparable to the DMAY Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of FTIF and DMAY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTIF	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.26	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.78	-0.10

Correlation

The correlation between FTIF and DMAY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FTIF vs. DMAY - Dividend Comparison

FTIF's dividend yield for the trailing twelve months is around 1.17%, while DMAY has not paid dividends to shareholders.

	TTM	2025	2024	2023
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	1.17%	1.45%	2.88%	1.55%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%	0.00%	0.00%

Drawdowns

FTIF vs. DMAY - Drawdown Comparison

The maximum FTIF drawdown since its inception was -27.83%, which is greater than DMAY's maximum drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for FTIF and DMAY.

Drawdown Indicators

	FTIF	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-27.83%	-13.90%	-13.93%
Max Drawdown (1Y) Largest decline over 1 year	-17.27%	-8.16%	-9.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-0.57%	-1.69%	+1.12%
Average Drawdown Average peak-to-trough decline	-6.28%	-2.30%	-3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	1.58%	+1.93%

Volatility

FTIF vs. DMAY - Volatility Comparison

First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) has a higher volatility of 4.25% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) at 2.88%. This indicates that FTIF's price experiences larger fluctuations and is considered to be riskier than DMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTIF	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	2.88%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	3.91%	+7.73%
Volatility (1Y) Calculated over the trailing 1-year period	22.96%	10.87%	+12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.28%	9.00%	+10.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	8.53%	+10.75%