PHEQ vs. BUFD
Compare and contrast key facts about Parametric Hedged Equity ETF (PHEQ) and FT Cboe Vest Fund of Deep Buffer ETF (BUFD).
PHEQ and BUFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023. BUFD is an actively managed fund by First Trust. It was launched on Jan 20, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHEQ or BUFD.
Performance
PHEQ vs. BUFD - Performance Comparison
Returns By Period
In the year-to-date period, PHEQ achieves a 14.13% return, which is significantly higher than BUFD's 12.42% return.
PHEQ
14.13%
2.06%
8.03%
17.29%
N/A
N/A
BUFD
12.42%
1.31%
6.29%
15.16%
N/A
N/A
Key characteristics
| PHEQ | BUFD | |
|---|---|---|
| Sharpe Ratio | 3.20 | 2.91 |
| Sortino Ratio | 4.53 | 4.02 |
| Omega Ratio | 1.70 | 1.59 |
| Calmar Ratio | 4.21 | 4.56 |
| Martin Ratio | 24.63 | 26.89 |
| Ulcer Index | 0.70% | 0.57% |
| Daily Std Dev | 5.41% | 5.22% |
| Max Drawdown | -4.11% | -10.75% |
| Current Drawdown | 0.00% | 0.00% |
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PHEQ vs. BUFD - Expense Ratio Comparison
PHEQ has a 0.29% expense ratio, which is lower than BUFD's 1.05% expense ratio.
Correlation
The correlation between PHEQ and BUFD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PHEQ vs. BUFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Hedged Equity ETF (PHEQ) and FT Cboe Vest Fund of Deep Buffer ETF (BUFD). 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.
Dividends
PHEQ vs. BUFD - Dividend Comparison
PHEQ's dividend yield for the trailing twelve months is around 2.24%, while BUFD has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
PHEQ Parametric Hedged Equity ETF | 2.24% | 1.72% |
BUFD FT Cboe Vest Fund of Deep Buffer ETF | 0.00% | 0.00% |
Drawdowns
PHEQ vs. BUFD - Drawdown Comparison
The maximum PHEQ drawdown since its inception was -4.11%, smaller than the maximum BUFD drawdown of -10.75%. Use the drawdown chart below to compare losses from any high point for PHEQ and BUFD. For additional features, visit the drawdowns tool.
Volatility
PHEQ vs. BUFD - Volatility Comparison
Parametric Hedged Equity ETF (PHEQ) has a higher volatility of 1.83% compared to FT Cboe Vest Fund of Deep Buffer ETF (BUFD) at 1.54%. This indicates that PHEQ's price experiences larger fluctuations and is considered to be riskier than BUFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.