MAYW vs. XMAR

Last updated Jul 17, 2026

MAYW (AllianzIM U.S. Large Cap Buffer20 May ETF) and XMAR (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March) are both Options Trading funds. Both are actively managed. Over the past 3 years, MAYW returned 10.28%/yr vs 10.68%/yr for XMAR. A 0.77 correlation means they provide meaningful diversification when combined. MAYW charges 0.74%/yr vs 0.85%/yr for XMAR.

Performance

MAYW vs. XMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYW achieves a 4.16% return, which is significantly lower than XMAR's 7.34% return.

MAYW

• 1D: -0.26%
• 1M: 0.29%
• 6M: 3.77%
• YTD: 4.16%
• 1Y: 8.36%
• 3Y*: 10.28%
• 5Y*: —
• 10Y*: —

XMAR

• 1D: -0.09%
• 1M: 0.42%
• 6M: 7.08%
• YTD: 7.34%
• 1Y: 11.66%
• 3Y*: 10.68%
• 5Y*: —
• 10Y*: —

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

MAYW vs. XMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	4.16%	10.24%	12.08%	8.30%
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	7.34%	10.30%	10.10%	7.45%

Correlation

The correlation between MAYW and XMAR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since May 1, 2023	0.77

The correlation between MAYW and XMAR has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.

Return for Risk

MAYW vs. XMAR — Risk / Return Rank

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

MAYW

MAYW Risk / Return Rank: 93
MAYW Sharpe Ratio Rank: 91
MAYW Sortino Ratio Rank: 93
MAYW Omega Ratio Rank: 94
MAYW Calmar Ratio Rank: 94
MAYW Martin Ratio Rank: 96

XMAR

XMAR Risk / Return Rank: 98
XMAR Sharpe Ratio Rank: 98
XMAR Sortino Ratio Rank: 98
XMAR Omega Ratio Rank: 98
XMAR Calmar Ratio Rank: 97
XMAR Martin Ratio Rank: 98

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.

MAYW vs. XMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) 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.

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.

	MAYW	XMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.49	3.85	-1.35
Sortino ratio: Return per unit of downside risk	3.70	6.49	-2.79
Omega ratio: Gain probability vs. loss probability	1.54	2.02	-0.48
Calmar ratio: Return relative to maximum drawdown	5.37	7.92	-2.55
Martin ratio: Return relative to average drawdown	25.55	53.63	-28.08

MAYW vs. XMAR - Sharpe Ratio Comparison

The current MAYW Sharpe Ratio is 2.49, which is lower than the XMAR Sharpe Ratio of 3.85. The chart below compares the historical Sharpe Ratios of MAYW and XMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAYW vs. XMAR - Drawdown Comparison

The maximum MAYW drawdown since its inception was -7.93%, which is greater than XMAR's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for MAYW and XMAR.

Drawdown Indicators

	MAYW	XMAR	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-7.29%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	-1.56%	-1.48%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-7.93%	-7.29%	-0.64%
Current Drawdown Current decline from peak	-0.26%	-0.09%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.41%	-0.30%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	0.22%	+0.11%

Volatility

MAYW vs. XMAR - Volatility Comparison

AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) has a higher volatility of 1.25% compared to FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) at 0.83%. This indicates that MAYW'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

	MAYW	XMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	0.83%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	2.66%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	3.37%	3.04%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.50%	5.49%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.50%	5.49%	+1.01%

MAYW vs. XMAR - Expense Ratio Comparison

MAYW has a 0.74% expense ratio, which is lower than XMAR's 0.85% expense ratio.

Dividends

MAYW vs. XMAR - Dividend Comparison

Neither MAYW nor XMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MAYW and XMAR in my portfolio?

MAYW and XMAR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYW or XMAR?

MAYW has higher volatility (1.25%) compared to XMAR (0.83%). In terms of maximum drawdown, MAYW dropped -7.93% vs XMAR's -7.29%.

Which ETF is better, MAYW or XMAR?

On 3-year performance, XMAR leads with 10.68% vs 10.28% for MAYW. On fees, MAYW is cheaper at 0.74% per year. On volatility, XMAR has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYW or XMAR?

Over the 3-year period, XMAR has performed better with a 10.68% return vs 10.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYW or XMAR?

MAYW is cheaper with a 0.74% expense ratio, compared with 0.85% for XMAR.

Which ETF pays a higher dividend yield, MAYW or XMAR?

MAYW and XMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between MAYW and XMAR?

They also come from different issuers: Allianz and FT Vest. Their fees differ too: 0.74% for MAYW and 0.85% for XMAR.

Which has better risk-adjusted returns?

XMAR currently has the higher Sharpe Ratio (3.85 vs 2.49), 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.