RAUS vs. FMAY

Last updated Jun 6, 2026

RAUS (RACWI US ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds - RAUS tracks the RACWI US Index while FMAY tracks the Cboe S&P 500 Buffer Protect Index May Series. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. RAUS charges 0.00%/yr vs 0.85%/yr for FMAY.

Performance

RAUS vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RACWI US ETF (RAUS) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RAUS achieves a 9.37% return, which is significantly higher than FMAY's 3.87% return.

RAUS

• 1D: -2.46%
• 1M: 0.68%
• YTD: 9.37%
• 6M: 9.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMAY

• 1D: -1.68%
• 1M: -0.02%
• YTD: 3.87%
• 6M: 4.65%
• 1Y: 14.22%
• 3Y*: 13.49%
• 5Y*: 9.17%
• 10Y*: —

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

RAUS vs. FMAY - Yearly Performance Comparison

	2026 (YTD)	2025
RAUS RACWI US ETF	9.37%	4.73%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	3.87%	2.95%

Correlation

The correlation between RAUS and FMAY is 0.92, 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 Sep 15, 2025	0.92

Return for Risk

RAUS vs. FMAY — Risk / Return Rank

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

FMAY

FMAY Risk / Return Rank: 80
FMAY Sharpe Ratio Rank: 75
FMAY Sortino Ratio Rank: 78
FMAY Omega Ratio Rank: 84
FMAY Calmar Ratio Rank: 71
FMAY Martin Ratio Rank: 90

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.

RAUS vs. FMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RACWI US ETF (RAUS) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). 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

	RAUS	FMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.99	+0.61

Drawdowns

RAUS vs. FMAY - Drawdown Comparison

The maximum RAUS drawdown since its inception was -8.63%, smaller than the maximum FMAY drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for RAUS and FMAY.

Drawdown Indicators

	RAUS	FMAY	Difference
Max Drawdown Largest peak-to-trough decline	-8.63%	-13.60%	+4.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.60%	—
Current Drawdown Current decline from peak	-2.58%	-1.81%	-0.77%
Average Drawdown Average peak-to-trough decline	-1.28%	-2.01%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.73%	—

Volatility

Volatility by Period

	RAUS	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	6.28%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	10.61%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	10.17%	+2.73%

RAUS vs. FMAY - Expense Ratio Comparison

RAUS has a 0.00% expense ratio, which is lower than FMAY's 0.85% expense ratio.

Dividends

RAUS vs. FMAY - Dividend Comparison

RAUS's dividend yield for the trailing twelve months is around 0.23%, while FMAY has not paid dividends to shareholders.

Position	TTM	2025
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%	0.00%
RAUS RACWI US ETF	0.23%	0.25%

Frequently Asked Questions

Can I hold both RAUS and FMAY in my portfolio?

With a correlation of 0.92, RAUS and FMAY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, RAUS or FMAY?

On fees, RAUS is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAUS or FMAY?

RAUS is cheaper with a 0.00% expense ratio, compared with 0.85% for FMAY.

Which ETF pays a higher dividend yield, RAUS or FMAY?

RAUS has the higher dividend yield at 0.23%, compared with 0.00% for FMAY.

What is the main difference between RAUS and FMAY?

RAUS tracks RACWI US Index, while FMAY tracks Cboe S&P 500 Buffer Protect Index May Series. They also come from different issuers: RAFI Indices and First Trust. Their fees differ too: 0.00% for RAUS and 0.85% for FMAY.