MAYM vs. VOO

Last updated Jun 4, 2026

MAYM (FT Vest U.S. Equity Max Buffer ETF - May) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - MAYM is a Defined Outcome fund actively managed by First Trust, while VOO is a S&P 500 fund tracking the S&P 500 Index. MAYM is actively managed, while VOO is passively managed. Over the past year, MAYM returned 6.36% vs 28.04% for VOO. Their correlation of 0.85 suggests significant overlap in exposure. MAYM charges 0.85%/yr vs 0.03%/yr for VOO.

Performance

MAYM vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - May (MAYM) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYM achieves a 2.33% return, which is significantly lower than VOO's 10.91% return.

MAYM

• 1D: -0.11%
• 1M: 0.49%
• YTD: 2.33%
• 6M: 2.86%
• 1Y: 6.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

MAYM vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
MAYM FT Vest U.S. Equity Max Buffer ETF - May	2.33%	4.07%
VOO Vanguard S&P 500 ETF	10.91%	15.70%

Correlation

The correlation between MAYM and VOO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 20, 2025	0.85

The correlation between MAYM and VOO has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

MAYM vs. VOO — Risk / Return Rank

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

MAYM

MAYM Risk / Return Rank: 94
MAYM Sharpe Ratio Rank: 93
MAYM Sortino Ratio Rank: 96
MAYM Omega Ratio Rank: 97
MAYM Calmar Ratio Rank: 89
MAYM Martin Ratio Rank: 96

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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.

MAYM vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

	MAYM	VOO	Difference
Sharpe ratio Return per unit of total volatility	3.47	2.39	+1.08
Sortino ratio Return per unit of downside risk	5.78	3.25	+2.52
Omega ratio Gain probability vs. loss probability	1.91	1.43	+0.47
Calmar ratio Return relative to maximum drawdown	5.25	3.16	+2.08
Martin ratio Return relative to average drawdown	36.95	14.73	+22.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAYM vs. VOO - Sharpe Ratio Comparison

The current MAYM Sharpe Ratio is 3.47, which is higher than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MAYM and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAYM	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.47	2.39	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.36	0.89	+2.47

Drawdowns

MAYM vs. VOO - Drawdown Comparison

The maximum MAYM drawdown since its inception was -1.22%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MAYM and VOO.

Drawdown Indicators

	MAYM	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-1.22%	-33.99%	+32.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-8.90%	+7.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.11%	-0.70%	+0.59%
Average Drawdown Average peak-to-trough decline	-0.08%	-3.69%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.17%	1.91%	-1.74%

Volatility

MAYM vs. VOO - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - May (MAYM) is 0.34%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.84%. This indicates that MAYM experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYM	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	2.84%	-2.50%
Volatility (6M) Calculated over the trailing 6-month period	1.49%	8.90%	-7.41%
Volatility (1Y) Calculated over the trailing 1-year period	1.85%	11.80%	-9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.87%	16.81%	-14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.87%	18.01%	-16.14%

MAYM vs. VOO - Expense Ratio Comparison

MAYM has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

MAYM vs. VOO - Dividend Comparison

MAYM has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

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%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both MAYM and VOO in my portfolio?

MAYM and VOO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYM or VOO?

VOO has higher volatility (2.84%) compared to MAYM (0.34%). In terms of maximum drawdown, MAYM dropped -1.22% vs VOO's -33.99%.

Which ETF is better, MAYM or VOO?

On 1-year performance, VOO leads with 28.04% vs 6.36% for MAYM. On fees, VOO is cheaper at 0.03% per year. On volatility, MAYM has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYM or VOO?

Over the 1-year period, VOO has performed better with a 28.04% return vs 6.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYM or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.85% for MAYM.

Which ETF pays a higher dividend yield, MAYM or VOO?

VOO has the higher dividend yield at 1.03%, compared with 0.00% for MAYM.

What is the main difference between MAYM and VOO?

MAYM is categorized as Defined Outcome, while VOO is S&P 500. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.85% for MAYM and 0.03% for VOO.

Which has better risk-adjusted returns?

MAYM currently has the higher Sharpe Ratio (3.47 vs 2.39), 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.