MNZL vs. BUFX

Last updated Jun 5, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - MNZL is a Large Cap Blend Equities fund tracking the Russell IdealRatings Manzil Halal USA Broad Market Index, while BUFX is a Defined Outcome fund managed by First Trust. Their correlation of 0.82 suggests significant overlap in exposure. MNZL charges 0.40%/yr vs 0.96%/yr for BUFX.

Performance

MNZL vs. BUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNZL achieves a 18.20% return, which is significantly higher than BUFX's 4.26% return.

MNZL

• 1D: -1.04%
• 1M: 8.16%
• YTD: 18.20%
• 6M: 16.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFX

• 1D: 0.16%
• 1M: 1.26%
• YTD: 4.26%
• 6M: 5.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MNZL vs. BUFX - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.20%	2.90%
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	4.26%	2.02%

Correlation

The correlation between MNZL and BUFX is 0.82, 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 Nov 20, 2025	0.82

Return for Risk

MNZL vs. BUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) 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

	MNZL	BUFX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	2.72	+0.12

Drawdowns

MNZL vs. BUFX - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for MNZL and BUFX.

Drawdown Indicators

	MNZL	BUFX	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-2.87%	-6.79%
Current Drawdown Current decline from peak	-1.04%	0.00%	-1.04%
Average Drawdown Average peak-to-trough decline	-1.74%	-0.24%	-1.50%

Volatility

Volatility by Period

	MNZL	BUFX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	3.97%	+11.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	3.97%	+11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	3.97%	+11.76%

MNZL vs. BUFX - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is lower than BUFX's 0.96% expense ratio.

Dividends

MNZL vs. BUFX - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, while BUFX has not paid dividends to shareholders.

Position	TTM	2025
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	0.00%	0.00%
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%

Frequently Asked Questions

Can I hold both MNZL and BUFX in my portfolio?

MNZL and BUFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MNZL or BUFX?

On fees, MNZL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNZL or BUFX?

MNZL is cheaper with a 0.40% expense ratio, compared with 0.96% for BUFX.

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

MNZL has the higher dividend yield at 0.03%, compared with 0.00% for BUFX.

What is the main difference between MNZL and BUFX?

MNZL is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: Manzil and First Trust. Their fees differ too: 0.40% for MNZL and 0.96% for BUFX.