IVVB vs. XMAR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Large Cap Deep Buffer ETF (IVVB) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR).

IVVB and XMAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVVB is an actively managed fund by iShares. It was launched on Jun 28, 2023. XMAR is an actively managed fund by FT Vest. It was launched on Mar 16, 2023.

Performance

IVVB vs. XMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Deep Buffer ETF (IVVB) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR). The values are adjusted to include any dividend payments, if applicable.

IVVB vs. XMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVVB iShares Large Cap Deep Buffer ETF	-3.11%	9.60%	18.66%	2.60%
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	1.40%	10.30%	10.10%	4.52%

Returns By Period

In the year-to-date period, IVVB achieves a -3.11% return, which is significantly lower than XMAR's 1.40% return.

IVVB

• 1D: 1.06%
• 1M: -3.96%
• YTD: -3.11%
• 6M: -0.88%
• 1Y: 10.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAR

• 1D: 1.20%
• 1M: 0.60%
• YTD: 1.40%
• 6M: 3.23%
• 1Y: 10.19%
• 3Y*: 10.11%
• 5Y*: —
• 10Y*: —

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

IVVB vs. XMAR - Expense Ratio Comparison

IVVB has a 0.50% expense ratio, which is lower than XMAR's 0.85% expense ratio.

XMAR

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March

IVVB

iShares Large Cap Deep Buffer ETF

Return for Risk

IVVB vs. XMAR — Risk / Return Rank

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

IVVB

IVVB Risk / Return Rank: 63
IVVB Sharpe Ratio Rank: 59
IVVB Sortino Ratio Rank: 60
IVVB Omega Ratio Rank: 62
IVVB Calmar Ratio Rank: 64
IVVB Martin Ratio Rank: 72

XMAR

XMAR Risk / Return Rank: 77
XMAR Sharpe Ratio Rank: 71
XMAR Sortino Ratio Rank: 75
XMAR Omega Ratio Rank: 95
XMAR Calmar Ratio Rank: 57
XMAR Martin Ratio Rank: 86

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.

IVVB vs. XMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Deep Buffer ETF (IVVB) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR). 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.

	IVVB	XMAR	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.30	-0.30
Sortino ratio Return per unit of downside risk	1.49	1.96	-0.47
Omega ratio Gain probability vs. loss probability	1.22	1.47	-0.24
Calmar ratio Return relative to maximum drawdown	1.57	1.52	+0.04
Martin ratio Return relative to average drawdown	7.14	10.40	-3.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVVB vs. XMAR - Sharpe Ratio Comparison

The current IVVB Sharpe Ratio is 1.00, which is comparable to the XMAR Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of IVVB and XMAR, 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

	IVVB	XMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.30	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	1.90	-0.86

Correlation

The correlation between IVVB and XMAR is 0.78, 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.

Dividends

IVVB vs. XMAR - Dividend Comparison

IVVB's dividend yield for the trailing twelve months is around 1.26%, while XMAR has not paid dividends to shareholders.

	TTM	2025	2024
IVVB iShares Large Cap Deep Buffer ETF	1.26%	1.22%	0.87%
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	0.00%	0.00%	0.00%

Drawdowns

IVVB vs. XMAR - Drawdown Comparison

The maximum IVVB drawdown since its inception was -13.08%, which is greater than XMAR's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for IVVB and XMAR.

Drawdown Indicators

	IVVB	XMAR	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-7.29%	-5.79%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-6.79%	-0.11%
Current Drawdown Current decline from peak	-4.75%	-0.27%	-4.48%
Average Drawdown Average peak-to-trough decline	-1.66%	-0.32%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.00%	+0.51%

Volatility

IVVB vs. XMAR - Volatility Comparison

iShares Large Cap Deep Buffer ETF (IVVB) has a higher volatility of 2.68% compared to FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) at 1.73%. This indicates that IVVB's price experiences larger fluctuations and is considered to be riskier than XMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVVB	XMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	1.73%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	6.26%	2.12%	+4.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	7.86%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.47%	5.64%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	5.64%	+3.83%