KRUZ vs. DMAY

Last updated Jun 5, 2026

KRUZ (Unusual Whales Subversive Republican Trading ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. KRUZ is actively managed, while DMAY is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. KRUZ charges 0.83%/yr vs 0.85%/yr for DMAY.

Performance

KRUZ vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unusual Whales Subversive Republican Trading ETF (KRUZ) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRUZ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAY

• 1D: 0.21%
• 1M: 1.46%
• YTD: 4.64%
• 6M: 5.44%
• 1Y: 12.58%
• 3Y*: 12.08%
• 5Y*: 7.21%
• 10Y*: —

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

KRUZ vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	-1.31%	14.45%	10.16%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	4.64%	11.05%	12.82%	9.78%

Correlation

The correlation between KRUZ and DMAY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	0.64

The correlation between KRUZ and DMAY has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

KRUZ vs. DMAY - Sectors Allocation Comparison

Sectors	KRUZ	DMAY
Technology	24.2%	36.2%
Financial Services	16.3%	11.9%
Industrials	14.0%	8.1%
Energy	11.8%	3.5%
Healthcare	7.4%	8.4%
Consumer Defensive	6.2%	4.9%
Consumer Cyclical	6.1%	10.1%
Communication Services	6.0%	10.9%
Basic Materials	4.6%	1.8%
Utilities	1.8%	2.3%
Real Estate	1.6%	1.9%

Return for Risk

KRUZ vs. DMAY — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 87
DMAY Sharpe Ratio Rank: 84
DMAY Sortino Ratio Rank: 89
DMAY Omega Ratio Rank: 92
DMAY Calmar Ratio Rank: 76
DMAY Martin Ratio Rank: 92

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.

KRUZ vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Republican Trading ETF (KRUZ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KRUZ	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.88	—

Drawdowns

Drawdown Indicators

	KRUZ	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	—	-0.08%	—
Average Drawdown Average peak-to-trough decline	—	-2.24%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	KRUZ	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.42%	—

KRUZ vs. DMAY - Expense Ratio Comparison

KRUZ has a 0.83% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

KRUZ vs. DMAY - Dividend Comparison

Neither KRUZ nor DMAY has paid dividends to shareholders.

Position	TTM	2025	2024	2023
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%	0.00%	0.00%
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	0.00%	0.57%	1.01%

Frequently Asked Questions

Can I hold both KRUZ and DMAY in my portfolio?

KRUZ and DMAY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KRUZ or DMAY?

On fees, KRUZ is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KRUZ or DMAY?

KRUZ is cheaper with a 0.83% expense ratio, compared with 0.85% for DMAY.

Which ETF pays a higher dividend yield, KRUZ or DMAY?

KRUZ and DMAY have nearly identical dividend yields, around 0.00%.

What is the main difference between KRUZ and DMAY?

They also come from different issuers: Subversive and First Trust. Their fees differ too: 0.83% for KRUZ and 0.85% for DMAY.