SAMT vs. DMAY

Last updated Jun 23, 2026

SAMT (Strategas Macro Thematic Opportunities ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. SAMT is actively managed, while DMAY is passively managed. Over the past 3 years, SAMT returned 27.93%/yr vs 11.48%/yr for DMAY. A 0.73 correlation means they provide meaningful diversification when combined. SAMT charges 0.66%/yr vs 0.85%/yr for DMAY.

Performance

SAMT vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategas Macro Thematic Opportunities ETF (SAMT) 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

In the year-to-date period, SAMT achieves a 19.97% return, which is significantly higher than DMAY's 3.95% return.

SAMT

• 1D: 0.39%
• 1M: 0.96%
• YTD: 19.97%
• 6M: 17.75%
• 1Y: 39.83%
• 3Y*: 27.93%
• 5Y*: —
• 10Y*: —

DMAY

• 1D: -0.19%
• 1M: 0.16%
• YTD: 3.95%
• 6M: 4.08%
• 1Y: 11.84%
• 3Y*: 11.48%
• 5Y*: 6.98%
• 10Y*: —

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

SAMT vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SAMT Strategas Macro Thematic Opportunities ETF	19.97%	33.10%	28.15%	1.27%	-6.30%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	3.95%	11.05%	12.82%	15.40%	-8.06%

Correlation

The correlation between SAMT and DMAY is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022	0.73

The correlation between SAMT and DMAY shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

SAMT vs. DMAY - Sectors Allocation Comparison

Sectors	SAMT	DMAY
Technology	25.0%	39.0%
Industrials	23.3%	7.8%
Consumer Defensive	12.1%	4.5%
Healthcare	7.5%	8.3%
Utilities	6.9%	2.1%
Consumer Cyclical	5.8%	9.9%
Communication Services	5.7%	10.6%
Financial Services	5.4%	11.1%
Real Estate	2.8%	1.8%
Energy	2.8%	3.1%
Basic Materials	2.7%	1.7%

Return for Risk

SAMT vs. DMAY — Risk / Return Rank

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

SAMT

SAMT Risk / Return Rank: 74
SAMT Sharpe Ratio Rank: 74
SAMT Sortino Ratio Rank: 69
SAMT Omega Ratio Rank: 67
SAMT Calmar Ratio Rank: 88
SAMT Martin Ratio Rank: 73

DMAY

DMAY Risk / Return Rank: 82
DMAY Sharpe Ratio Rank: 77
DMAY Sortino Ratio Rank: 82
DMAY Omega Ratio Rank: 88
DMAY Calmar Ratio Rank: 73
DMAY 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.

SAMT vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Thematic Opportunities ETF (SAMT) 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.

	SAMT	DMAY	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.37	-0.09
Sortino ratio: Return per unit of downside risk	3.01	3.49	-0.48
Omega ratio: Gain probability vs. loss probability	1.39	1.53	-0.14
Calmar ratio: Return relative to maximum drawdown	4.91	3.57	+1.34
Martin ratio: Return relative to average drawdown	13.25	20.12	-6.87

SAMT vs. DMAY - Sharpe Ratio Comparison

The current SAMT Sharpe Ratio is 2.29, which is comparable to the DMAY Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of SAMT 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

SAMT vs. DMAY - Drawdown Comparison

The maximum SAMT drawdown since its inception was -20.57%, which is greater than DMAY's maximum drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for SAMT and DMAY.

Drawdown Indicators

	SAMT	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-20.57%	-13.90%	-6.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-3.36%	-4.79%
Max Drawdown (3Y) Largest decline over 3 years	-18.27%	-12.38%	-5.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-0.92%	-0.75%	-0.17%
Average Drawdown Average peak-to-trough decline	-7.66%	-2.23%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	0.59%	+2.42%

Volatility

SAMT vs. DMAY - Volatility Comparison

Strategas Macro Thematic Opportunities ETF (SAMT) has a higher volatility of 6.82% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) at 2.19%. This indicates that SAMT'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

	SAMT	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	2.19%	+4.63%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	4.26%	+9.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	5.06%	+12.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	9.06%	+8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	8.43%	+8.64%

SAMT vs. DMAY - Expense Ratio Comparison

SAMT has a 0.66% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

SAMT vs. DMAY - Dividend Comparison

SAMT's dividend yield for the trailing twelve months is around 0.58%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%	0.00%	0.00%	0.00%
SAMT Strategas Macro Thematic Opportunities ETF	0.58%	0.70%	1.40%	1.49%	0.73%

Frequently Asked Questions

Can I hold both SAMT and DMAY in my portfolio?

SAMT and DMAY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAMT or DMAY?

SAMT has higher volatility (6.82%) compared to DMAY (2.19%). In terms of maximum drawdown, SAMT dropped -20.57% vs DMAY's -13.90%.

Which ETF is better, SAMT or DMAY?

On 3-year performance, SAMT leads with 27.93% vs 11.48% for DMAY. On fees, SAMT is cheaper at 0.66% per year. On volatility, DMAY has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAMT or DMAY?

Over the 3-year period, SAMT has performed better with a 27.93% return vs 11.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAMT or DMAY?

SAMT is cheaper with a 0.66% expense ratio, compared with 0.85% for DMAY.

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

SAMT has the higher dividend yield at 0.58%, compared with 0.00% for DMAY.

What is the main difference between SAMT and DMAY?

They also come from different issuers: Strategas and First Trust. Their fees differ too: 0.66% for SAMT and 0.85% for DMAY.

Which has better risk-adjusted returns?

DMAY currently has the higher Sharpe Ratio (2.37 vs 2.29), 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.