MPLY vs. DMAY

Last updated Aug 4, 2026

MPLY (Monopoly ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both exchange-traded funds - MPLY is a Large Cap Blend Equities fund actively managed by Strategy Shares, while DMAY is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. MPLY is actively managed, while DMAY is passively managed. Over the past year, MPLY returned 18.65% vs 10.40% for DMAY. Their correlation of 0.87 means they have usually moved in the same direction. MPLY charges 0.79%/yr vs 0.85%/yr for DMAY.

Performance

MPLY vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monopoly ETF (MPLY) 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

The year-to-date returns for both stocks are quite close, with MPLY having a 5.37% return and DMAY slightly lower at 5.12%.

MPLY

• 1D: 2.08%
• 1M: 0.72%
• 6M: 4.70%
• YTD: 5.37%
• 1Y: 18.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.83%

DMAY

• 1D: 0.62%
• 1M: 1.03%
• 6M: 4.28%
• YTD: 5.12%
• 1Y: 10.40%
• 3Y*: 11.43%
• 5Y*: 6.99%
• 10Y*: —
• ALL TIME*: 7.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	$397.29K	$467.24K	$1.84M
MPLY Monopoly ETF	$232.41K	$202.33K	$174.94K

MPLY vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025
MPLY Monopoly ETF	5.37%	20.65%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	5.12%	8.88%

Correlation

The correlation between MPLY and DMAY is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.87

The correlation between MPLY and DMAY has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

MPLY vs. DMAY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MPLY

MPLY Risk / Return Rank: 41
MPLY Sharpe Ratio Rank: 43
MPLY Sortino Ratio Rank: 41
MPLY Omega Ratio Rank: 40
MPLY Calmar Ratio Rank: 39
MPLY Martin Ratio Rank: 41

DMAY

DMAY Risk / Return Rank: 84
DMAY Sharpe Ratio Rank: 78
DMAY Sortino Ratio Rank: 82
DMAY Omega Ratio Rank: 87
DMAY Calmar Ratio Rank: 81
DMAY Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MPLY vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monopoly ETF (MPLY) 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.

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.

	MPLY	DMAY	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.92	-0.80
Sortino ratio: Return per unit of downside risk	1.60	2.84	-1.24
Omega ratio: Gain probability vs. loss probability	1.20	1.40	-0.21
Calmar ratio: Return relative to maximum drawdown	1.39	3.13	-1.74
Martin ratio: Return relative to average drawdown	4.55	15.85	-11.30

MPLY vs. DMAY - Sharpe Ratio Comparison

The current MPLY Sharpe Ratio is 1.12, which is lower than the DMAY Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MPLY and DMAY, 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

MPLY vs. DMAY - Drawdown Comparison

The maximum MPLY drawdown since its inception was -13.46%, roughly equal to the maximum DMAY drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for MPLY and DMAY.

Drawdown Indicators

	MPLY	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-13.46%	-13.90%	+0.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.46%	-3.36%	-10.10%
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	-4.61%	0.00%	-4.61%
Average Drawdown Average peak-to-trough decline	-2.50%	-2.20%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	0.66%	+3.45%

Volatility

MPLY vs. DMAY - Volatility Comparison

Monopoly ETF (MPLY) has a higher volatility of 5.51% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) at 1.97%. This indicates that MPLY's price experiences larger fluctuations and is considered to be riskier than DMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPLY	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	1.97%	+3.54%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	4.79%	+8.67%
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	5.51%	+11.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	9.11%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	8.41%	+7.61%

MPLY vs. DMAY - Expense Ratio Comparison

MPLY has a 0.79% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

MPLY vs. DMAY - Dividend Comparison

MPLY's dividend yield for the trailing twelve months is around 0.12%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
MPLY Monopoly ETF	0.12%	0.13%

Frequently Asked Questions

Can I hold both MPLY and DMAY in my portfolio?

MPLY and DMAY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPLY or DMAY?

MPLY has higher volatility (5.51%) compared to DMAY (1.97%). In terms of maximum drawdown, MPLY dropped -13.46% vs DMAY's -13.90%.

Which ETF is better, MPLY or DMAY?

On 1-year performance, MPLY leads with 18.65% vs 10.40% for DMAY. On fees, MPLY is cheaper at 0.79% per year. On volatility, DMAY has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MPLY or DMAY?

Over the 1-year period, MPLY has performed better with a 18.65% return vs 10.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MPLY or DMAY?

MPLY is cheaper with a 0.79% expense ratio, compared with 0.85% for DMAY.

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

MPLY has the higher dividend yield at 0.12%, compared with 0.00% for DMAY.

What is the main difference between MPLY and DMAY?

MPLY is categorized as Large Cap Blend Equities, while DMAY is Defined Outcome. They also come from different issuers: Strategy Shares and First Trust. Their fees differ too: 0.79% for MPLY and 0.85% for DMAY.

Which has better risk-adjusted returns?

DMAY currently has the higher Sharpe Ratio (1.92 vs 1.12), 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.