MAYM vs. RSP
MAYM (FT Vest U.S. Equity Max Buffer ETF - May) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - MAYM is a Defined Outcome fund actively managed by First Trust, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. MAYM is actively managed, while RSP is passively managed. Over the past year, MAYM returned 5.24% vs 20.39% for RSP. Their 0.67 correlation means they have sometimes moved together and sometimes differently. MAYM charges 0.85%/yr vs 0.20%/yr for RSP.
Performance
MAYM vs. RSP - Performance Comparison
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Returns By Period
In the year-to-date period, MAYM achieves a 2.53% return, which is significantly lower than RSP's 13.16% return.
MAYM
- 1D
- 0.15%
- 1M
- 0.35%
- 6M
- 2.15%
- YTD
- 2.53%
- 1Y
- 5.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.62%
RSP
- 1D
- -0.17%
- 1M
- 0.05%
- 6M
- 9.43%
- YTD
- 13.16%
- 1Y
- 20.39%
- 3Y*
- 13.55%
- 5Y*
- 8.88%
- 10Y*
- 11.94%
- ALL TIME*
- 11.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.41K | $46.40K | $468.10K | |
| $1.86B | $1.85B | $2.06B |
MAYM vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAYM FT Vest U.S. Equity Max Buffer ETF - May | 2.53% | 4.14% |
RSP Invesco S&P 500 Equal Weight ETF | 13.16% | 7.75% |
Correlation
The correlation between MAYM and RSP is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 19, 2025 | 0.67 |
The correlation between MAYM and RSP has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
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Return for Risk
MAYM vs. RSP — Risk / Return Rank
MAYM
RSP
MAYM vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - May (MAYM) and Invesco S&P 500 Equal Weight ETF (RSP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAYM | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.29 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.43 | +1.84 |
| Martin ratioReturn relative to average drawdown | 22.42 | 9.43 | +12.99 |
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Drawdowns
MAYM vs. RSP - Drawdown Comparison
The maximum MAYM drawdown since its inception was -1.22%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for MAYM and RSP.
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Drawdown Indicators
| MAYM | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.22% | -59.92% | +58.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -7.85% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.04% | — |
Current DrawdownCurrent decline from peak | -0.05% | -1.23% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -6.61% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 2.02% | -1.79% |
Volatility
MAYM vs. RSP - Volatility Comparison
The current volatility for FT Vest U.S. Equity Max Buffer ETF - May (MAYM) is 0.63%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 2.88%. This indicates that MAYM experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAYM | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 2.88% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 8.59% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 11.76% | -9.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.02% | 16.16% | -14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.02% | 18.28% | -16.26% |
MAYM vs. RSP - Expense Ratio Comparison
MAYM has a 0.85% expense ratio, which is higher than RSP's 0.20% expense ratio.
Dividends
MAYM vs. RSP - Dividend Comparison
MAYM has not paid dividends to shareholders, while RSP's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAYM FT Vest U.S. Equity Max Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500 Equal Weight ETF | 1.49% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Frequently Asked Questions
MAYM and RSP 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.
RSP has higher volatility (2.88%) compared to MAYM (0.63%). In terms of maximum drawdown, MAYM dropped -1.22% vs RSP's -59.92%.
On 1-year performance, RSP leads with 20.39% vs 5.24% for MAYM. On fees, RSP is cheaper at 0.20% per year. On volatility, MAYM has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RSP has performed better with a 20.39% return vs 5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSP is cheaper with a 0.20% expense ratio, compared with 0.85% for MAYM.
RSP has the higher dividend yield at 1.49%, compared with 0.00% for MAYM.
MAYM is categorized as Defined Outcome, while RSP is S&P 500. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.85% for MAYM and 0.20% for RSP.
MAYM currently has the higher Sharpe Ratio (2.53 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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