MIGO vs. BUFX

Last updated Jun 6, 2026

MIGO (MIG Core ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - MIGO is a Large Cap Blend Equities fund actively managed by Exchange Traded Concepts, while BUFX is a Defined Outcome fund managed by First Trust. Their correlation of 0.86 suggests significant overlap in exposure. MIGO charges 0.45%/yr vs 0.96%/yr for BUFX.

Performance

MIGO vs. BUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MIG Core ETF (MIGO) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MIGO

• 1D: -4.64%
• 1M: 1.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFX

• 1D: -0.59%
• 1M: 0.48%
• YTD: 3.65%
• 6M: 4.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MIGO vs. BUFX - Yearly Performance Comparison

	2026 (YTD)
MIGO MIG Core ETF	15.28%
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	3.38%

Correlation

The correlation between MIGO and BUFX 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 (All Time) Calculated using the full available price history since Feb 24, 2026	0.86

Return for Risk

MIGO vs. BUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MIG Core ETF (MIGO) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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

	MIGO	BUFX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.58	2.51	+0.07

Drawdowns

MIGO vs. BUFX - Drawdown Comparison

The maximum MIGO drawdown since its inception was -13.39%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for MIGO and BUFX.

Drawdown Indicators

	MIGO	BUFX	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-2.87%	-10.52%
Current Drawdown Current decline from peak	-6.14%	-0.59%	-5.55%
Average Drawdown Average peak-to-trough decline	-2.84%	-0.24%	-2.60%

Volatility

Volatility by Period

	MIGO	BUFX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.17%	4.02%	+21.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.17%	4.02%	+21.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.17%	4.02%	+21.15%

MIGO vs. BUFX - Expense Ratio Comparison

MIGO has a 0.45% expense ratio, which is lower than BUFX's 0.96% expense ratio.

Dividends

MIGO vs. BUFX - Dividend Comparison

Neither MIGO nor BUFX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MIGO and BUFX in my portfolio?

MIGO and BUFX 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 ETF is better, MIGO or BUFX?

On fees, MIGO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIGO or BUFX?

MIGO is cheaper with a 0.45% expense ratio, compared with 0.96% for BUFX.

Which ETF pays a higher dividend yield, MIGO or BUFX?

MIGO and BUFX have nearly identical dividend yields, around 0.00%.

What is the main difference between MIGO and BUFX?

MIGO is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.45% for MIGO and 0.96% for BUFX.