MAYZ vs. QMAR

Last updated Jun 4, 2026

MAYZ (TrueShares Structured Outcome (May) ETF) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - MAYZ is a Defined Outcome fund tracking the S&P 500 Price Index, while QMAR is a Nasdaq-100 fund actively managed by First Trust. MAYZ is passively managed, while QMAR is actively managed. Over the past 5 years, MAYZ returned 9.61%/yr vs 12.13%/yr for QMAR. Their correlation of 0.87 suggests significant overlap in exposure. MAYZ charges 0.79%/yr vs 0.90%/yr for QMAR.

Performance

MAYZ vs. QMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (May) ETF (MAYZ) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYZ achieves a 8.56% return, which is significantly lower than QMAR's 13.06% return.

MAYZ

• 1D: -0.45%
• 1M: 4.24%
• YTD: 8.56%
• 6M: 8.43%
• 1Y: 21.69%
• 3Y*: 16.62%
• 5Y*: 9.61%
• 10Y*: —

QMAR

• 1D: -0.09%
• 1M: 2.81%
• YTD: 13.06%
• 6M: 14.01%
• 1Y: 23.38%
• 3Y*: 16.73%
• 5Y*: 12.13%
• 10Y*: —

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

MAYZ vs. QMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MAYZ TrueShares Structured Outcome (May) ETF	8.56%	13.70%	17.68%	15.90%	-13.98%	10.09%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	13.06%	10.89%	16.11%	35.47%	-16.56%	8.65%

Correlation

The correlation between MAYZ and QMAR is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 4, 2021	0.87

The correlation between MAYZ and QMAR has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

MAYZ vs. QMAR - Sectors Allocation Comparison

Sectors	MAYZ	QMAR
Technology	35.3%	54.2%
Financial Services	13.4%	0.2%
Consumer Cyclical	10.6%	12.2%
Communication Services	9.9%	15.5%
Healthcare	8.8%	4.2%
Industrials	7.8%	2.8%
Consumer Defensive	5.2%	7.6%
Energy	3.0%	0.6%
Utilities	2.5%	1.4%
Real Estate	2.0%	0.1%
Basic Materials	1.6%	1.2%

Return for Risk

MAYZ vs. QMAR — Risk / Return Rank

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

MAYZ

MAYZ Risk / Return Rank: 62
MAYZ Sharpe Ratio Rank: 64
MAYZ Sortino Ratio Rank: 65
MAYZ Omega Ratio Rank: 64
MAYZ Calmar Ratio Rank: 51
MAYZ Martin Ratio Rank: 63

QMAR

QMAR Risk / Return Rank: 96
QMAR Sharpe Ratio Rank: 95
QMAR Sortino Ratio Rank: 97
QMAR Omega Ratio Rank: 97
QMAR Calmar Ratio Rank: 94
QMAR Martin Ratio Rank: 97

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.

MAYZ vs. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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.

	MAYZ	QMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.10	3.86	-1.76
Sortino ratio: Return per unit of downside risk	2.95	6.05	-3.10
Omega ratio: Gain probability vs. loss probability	1.38	1.93	-0.55
Calmar ratio: Return relative to maximum drawdown	2.49	7.31	-4.81
Martin ratio: Return relative to average drawdown	11.30	52.66	-41.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAYZ vs. QMAR - Sharpe Ratio Comparison

The current MAYZ Sharpe Ratio is 2.10, which is lower than the QMAR Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of MAYZ and QMAR, 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

	MAYZ	QMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	3.86	-1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.87	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.91	-0.11

Drawdowns

MAYZ vs. QMAR - Drawdown Comparison

The maximum MAYZ drawdown since its inception was -19.23%, roughly equal to the maximum QMAR drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for MAYZ and QMAR.

Drawdown Indicators

	MAYZ	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-19.83%	+0.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-3.21%	-5.52%
Max Drawdown (3Y) Largest decline over 3 years	-13.88%	-15.91%	+2.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-19.83%	+0.60%
Current Drawdown Current decline from peak	-0.45%	-0.19%	-0.26%
Average Drawdown Average peak-to-trough decline	-4.77%	-3.28%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	0.45%	+1.47%

Volatility

MAYZ vs. QMAR - Volatility Comparison

TrueShares Structured Outcome (May) ETF (MAYZ) has a higher volatility of 2.38% compared to FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR) at 1.27%. This indicates that MAYZ's price experiences larger fluctuations and is considered to be riskier than QMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYZ	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	1.27%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	4.85%	+3.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	6.09%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.07%	13.97%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.04%	13.85%	-1.81%

MAYZ vs. QMAR - Expense Ratio Comparison

MAYZ has a 0.79% expense ratio, which is lower than QMAR's 0.90% expense ratio.

Dividends

MAYZ vs. QMAR - Dividend Comparison

MAYZ's dividend yield for the trailing twelve months is around 1.98%, while QMAR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MAYZ TrueShares Structured Outcome (May) ETF	1.98%	2.15%	1.95%	2.75%	0.69%	1.90%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAYZ and QMAR in my portfolio?

MAYZ and QMAR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYZ or QMAR?

MAYZ has higher volatility (2.38%) compared to QMAR (1.27%). In terms of maximum drawdown, MAYZ dropped -19.23% vs QMAR's -19.83%.

Which ETF is better, MAYZ or QMAR?

On 5-year performance, QMAR leads with 12.13% vs 9.61% for MAYZ. On fees, MAYZ is cheaper at 0.79% per year. On volatility, QMAR has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYZ or QMAR?

Over the 5-year period, QMAR has performed better with a 12.13% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYZ or QMAR?

MAYZ is cheaper with a 0.79% expense ratio, compared with 0.90% for QMAR.

Which ETF pays a higher dividend yield, MAYZ or QMAR?

MAYZ has the higher dividend yield at 1.98%, compared with 0.00% for QMAR.

What is the main difference between MAYZ and QMAR?

MAYZ is categorized as Defined Outcome, while QMAR is Nasdaq-100. They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.79% for MAYZ and 0.90% for QMAR.

Which has better risk-adjusted returns?

QMAR currently has the higher Sharpe Ratio (3.86 vs 2.10), 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.