MIGO vs. DMAY

Last updated Jun 6, 2026

MIGO (MIG Core ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. MIGO is actively managed, while DMAY is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. MIGO charges 0.45%/yr vs 0.85%/yr for DMAY.

Performance

MIGO vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MIG Core ETF (MIGO) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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*: —

DMAY

• 1D: -1.19%
• 1M: 0.18%
• YTD: 3.39%
• 6M: 4.18%
• 1Y: 11.53%
• 3Y*: 11.58%
• 5Y*: 6.95%
• 10Y*: —

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

MIGO vs. DMAY - Yearly Performance Comparison

	2026 (YTD)
MIGO MIG Core ETF	15.28%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	3.01%

Correlation

The correlation between MIGO and DMAY is 0.81, 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	0.81

Return for Risk

MIGO vs. DMAY — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 83
DMAY Sharpe Ratio Rank: 79
DMAY Sortino Ratio Rank: 82
DMAY Omega Ratio Rank: 89
DMAY Calmar Ratio Rank: 73
DMAY Martin Ratio Rank: 91

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.

MIGO vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MIG Core ETF (MIGO) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.58	0.85	+1.73

Drawdowns

MIGO vs. DMAY - Drawdown Comparison

The maximum MIGO drawdown since its inception was -13.39%, roughly equal to the maximum DMAY drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for MIGO and DMAY.

Drawdown Indicators

	MIGO	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-13.90%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-6.14%	-1.28%	-4.86%
Average Drawdown Average peak-to-trough decline	-2.84%	-2.24%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	MIGO	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.17%	4.89%	+20.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.17%	9.03%	+16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.17%	8.44%	+16.73%

MIGO vs. DMAY - Expense Ratio Comparison

MIGO has a 0.45% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

MIGO vs. DMAY - Dividend Comparison

Neither MIGO nor DMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MIGO and DMAY in my portfolio?

MIGO and DMAY have a correlation of 0.81, 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 DMAY?

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 DMAY?

MIGO is cheaper with a 0.45% expense ratio, compared with 0.85% for DMAY.

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

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

What is the main difference between MIGO and DMAY?

They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.45% for MIGO and 0.85% for DMAY.