QMMY vs. QCJL
QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) and QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) are both Nasdaq-100 funds from First Trust. Both are actively managed. Over the past year, QMMY returned 15.33% vs 14.53% for QCJL. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.90% expense ratio.
Performance
QMMY vs. QCJL - Performance Comparison
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Returns By Period
In the year-to-date period, QMMY achieves a 5.84% return, which is significantly higher than QCJL's 5.34% return.
QMMY
- 1D
- 1.22%
- 1M
- 0.95%
- YTD
- 5.84%
- 6M
- 6.13%
- 1Y
- 15.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCJL
- 1D
- 0.20%
- 1M
- 0.46%
- YTD
- 5.34%
- 6M
- 5.54%
- 1Y
- 14.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMMY vs. QCJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May | 5.84% | 15.80% | 5.72% |
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July | 5.34% | 13.10% | 4.38% |
Correlation
The correlation between QMMY and QCJL is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024 | 0.91 |
The correlation between QMMY and QCJL has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
QMMY vs. QCJL — Risk / Return Rank
QMMY
QCJL
QMMY vs. QCJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) and FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL). 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.
| QMMY | QCJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.52 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 3.63 | +0.33 |
| Martin ratioReturn relative to average drawdown | 20.24 | 18.50 | +1.73 |
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Drawdowns
QMMY vs. QCJL - Drawdown Comparison
The maximum QMMY drawdown since its inception was -12.82%, which is greater than QCJL's maximum drawdown of -11.18%. Use the drawdown chart below to compare losses from any high point for QMMY and QCJL.
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Drawdown Indicators
| QMMY | QCJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.82% | -11.18% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -4.00% | +0.18% |
Current DrawdownCurrent decline from peak | -0.34% | -0.02% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -1.05% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.78% | -0.04% |
Volatility
QMMY vs. QCJL - Volatility Comparison
FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) has a higher volatility of 3.99% compared to FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) at 0.70%. This indicates that QMMY's price experiences larger fluctuations and is considered to be riskier than QCJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMMY | QCJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 0.70% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.00% | 4.31% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.13% | 5.67% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 9.37% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 9.37% | +1.69% |
QMMY vs. QCJL - Expense Ratio Comparison
Both QMMY and QCJL have an expense ratio of 0.90%.
Dividends
QMMY vs. QCJL - Dividend Comparison
Neither QMMY nor QCJL has paid dividends to shareholders.
Frequently Asked Questions
QMMY and QCJL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QMMY has higher volatility (3.99%) compared to QCJL (0.70%). In terms of maximum drawdown, QMMY dropped -12.82% vs QCJL's -11.18%.
On 1-year performance, QMMY leads with 15.33% vs 14.53% for QCJL. Both ETFs have the same 0.90% expense ratio. On volatility, QCJL has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QMMY has performed better with a 15.33% return vs 14.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QMMY and QCJL have the same expense ratio: 0.90% per year.
QMMY and QCJL have nearly identical dividend yields, around 0.00%.
QCJL currently has the higher Sharpe Ratio (2.56 vs 2.12), 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.
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