QCJL vs. BUFQ

Last updated Apr 15, 2026

QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) and BUFQ (FT Vest Laddered Nasdaq Buffer ETF) are both Nasdaq-100 funds. QCJL is actively managed, while BUFQ is passively managed. Over the past year, QCJL returned 20.65% vs 26.91% for BUFQ. Their correlation of 0.89 suggests significant overlap in exposure. QCJL charges 0.90%/yr vs 1.10%/yr for BUFQ.

Performance

QCJL vs. BUFQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) and FT Vest Laddered Nasdaq Buffer ETF (BUFQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCJL achieves a 2.20% return, which is significantly lower than BUFQ's 3.57% return.

QCJL

• 1D: 0.54%
• 1M: 2.80%
• YTD: 2.20%
• 6M: 4.41%
• 1Y: 20.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFQ

• 1D: 0.92%
• 1M: 4.39%
• YTD: 3.57%
• 6M: 6.91%
• 1Y: 26.91%
• 3Y*: 17.38%
• 5Y*: —
• 10Y*: —

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

QCJL vs. BUFQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July	2.20%	13.10%	4.12%
BUFQ FT Vest Laddered Nasdaq Buffer ETF	3.57%	14.03%	5.58%

Correlation

The correlation between QCJL and BUFQ 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 (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.89

The correlation between QCJL and BUFQ has been stable across timeframes, ranging from 0.86 to 0.89 — a consistent structural relationship.

Return for Risk

QCJL vs. BUFQ — Risk / Return Rank

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

QCJL

QCJL Risk / Return Rank: 89
QCJL Sharpe Ratio Rank: 85
QCJL Sortino Ratio Rank: 90
QCJL Omega Ratio Rank: 89
QCJL Calmar Ratio Rank: 87
QCJL Martin Ratio Rank: 93

BUFQ

BUFQ Risk / Return Rank: 85
BUFQ Sharpe Ratio Rank: 78
BUFQ Sortino Ratio Rank: 84
BUFQ Omega Ratio Rank: 84
BUFQ Calmar Ratio Rank: 87
BUFQ Martin Ratio Rank: 92

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.

QCJL vs. BUFQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) and FT Vest Laddered Nasdaq Buffer ETF (BUFQ). 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.

	QCJL	BUFQ	Difference
Sharpe ratio Return per unit of total volatility	2.96	2.75	+0.21
Sortino ratio Return per unit of downside risk	4.54	4.12	+0.42
Omega ratio Gain probability vs. loss probability	1.61	1.56	+0.05
Calmar ratio Return relative to maximum drawdown	5.55	5.35	+0.20
Martin ratio Return relative to average drawdown	27.03	25.55	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCJL vs. BUFQ - Sharpe Ratio Comparison

The current QCJL Sharpe Ratio is 2.96, which is comparable to the BUFQ Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of QCJL and BUFQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QCJL	BUFQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	2.75	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.33	-0.17

Drawdowns

QCJL vs. BUFQ - Drawdown Comparison

The maximum QCJL drawdown since its inception was -11.18%, smaller than the maximum BUFQ drawdown of -15.74%. Use the drawdown chart below to compare losses from any high point for QCJL and BUFQ.

Drawdown Indicators

	QCJL	BUFQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.18%	-15.74%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	-5.39%	+1.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.15%	-2.39%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.13%	-0.31%

Volatility

QCJL vs. BUFQ - Volatility Comparison

The current volatility for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) is 3.02%, while FT Vest Laddered Nasdaq Buffer ETF (BUFQ) has a volatility of 4.53%. This indicates that QCJL experiences smaller price fluctuations and is considered to be less risky than BUFQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCJL	BUFQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	4.53%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	4.82%	6.94%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	7.04%	9.87%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.83%	13.55%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.83%	13.55%	-3.72%

QCJL vs. BUFQ - Expense Ratio Comparison

QCJL has a 0.90% expense ratio, which is lower than BUFQ's 1.10% expense ratio.

Dividends

QCJL vs. BUFQ - Dividend Comparison

Neither QCJL nor BUFQ has paid dividends to shareholders.

Tickers have no history of dividend payments