SGLC vs. DMAY

Last updated Jun 5, 2026

SGLC (SGI U.S. Large Cap Core ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. SGLC is actively managed, while DMAY is passively managed. Over the past 3 years, SGLC returned 22.49%/yr vs 12.08%/yr for DMAY. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

SGLC vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI U.S. Large Cap Core ETF (SGLC) 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, SGLC achieves a 14.85% return, which is significantly higher than DMAY's 4.64% return.

SGLC

• 1D: 0.35%
• 1M: 5.34%
• YTD: 14.85%
• 6M: 16.84%
• 1Y: 33.91%
• 3Y*: 22.49%
• 5Y*: —
• 10Y*: —

DMAY

• 1D: 0.21%
• 1M: 1.46%
• YTD: 4.64%
• 6M: 5.44%
• 1Y: 12.58%
• 3Y*: 12.08%
• 5Y*: 7.21%
• 10Y*: —

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

SGLC vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SGLC SGI U.S. Large Cap Core ETF	14.85%	17.30%	20.19%	18.93%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	4.64%	11.05%	12.82%	10.56%

Correlation

The correlation between SGLC and DMAY is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 3, 2023	0.86

The correlation between SGLC and DMAY has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

SGLC vs. DMAY - Sectors Allocation Comparison

Sectors	SGLC	DMAY
Technology	32.4%	36.2%
Financial Services	14.9%	11.9%
Communication Services	11.2%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	9.9%	8.4%
Industrials	6.5%	8.1%
Consumer Defensive	5.4%	4.9%
Basic Materials	3.1%	1.8%
Energy	2.9%	3.5%
Real Estate	2.5%	1.9%
Utilities	1.2%	2.3%

Return for Risk

SGLC vs. DMAY — Risk / Return Rank

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

SGLC

SGLC Risk / Return Rank: 77
SGLC Sharpe Ratio Rank: 79
SGLC Sortino Ratio Rank: 75
SGLC Omega Ratio Rank: 77
SGLC Calmar Ratio Rank: 72
SGLC Martin Ratio Rank: 81

DMAY

DMAY Risk / Return Rank: 87
DMAY Sharpe Ratio Rank: 84
DMAY Sortino Ratio Rank: 89
DMAY Omega Ratio Rank: 92
DMAY Calmar Ratio Rank: 76
DMAY 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.

SGLC vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI U.S. Large Cap Core ETF (SGLC) 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.

	SGLC	DMAY	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.70	-0.17
Sortino ratio: Return per unit of downside risk	3.32	4.06	-0.75
Omega ratio: Gain probability vs. loss probability	1.45	1.61	-0.16
Calmar ratio: Return relative to maximum drawdown	3.52	3.79	-0.27
Martin ratio: Return relative to average drawdown	15.67	23.15	-7.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGLC vs. DMAY - Sharpe Ratio Comparison

The current SGLC Sharpe Ratio is 2.53, which is comparable to the DMAY Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of SGLC 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.

Sharpe Ratios by Period

	SGLC	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.70	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.88	+0.56

Drawdowns

SGLC vs. DMAY - Drawdown Comparison

The maximum SGLC drawdown since its inception was -20.24%, which is greater than DMAY's maximum drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for SGLC and DMAY.

Drawdown Indicators

	SGLC	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-13.90%	-6.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-3.36%	-6.31%
Max Drawdown (3Y) Largest decline over 3 years	-20.24%	-12.38%	-7.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-0.08%	-0.08%	0.00%
Average Drawdown Average peak-to-trough decline	-2.45%	-2.24%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	0.55%	+1.62%

Volatility

SGLC vs. DMAY - Volatility Comparison

SGI U.S. Large Cap Core ETF (SGLC) has a higher volatility of 3.26% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) at 0.85%. This indicates that SGLC'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

	SGLC	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	0.85%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	3.74%	+7.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	4.73%	+8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	9.02%	+7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	8.42%	+7.61%

SGLC vs. DMAY - Expense Ratio Comparison

Both SGLC and DMAY have an expense ratio of 0.85%.

Dividends

SGLC vs. DMAY - Dividend Comparison

SGLC's dividend yield for the trailing twelve months is around 0.20%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%	0.00%	0.00%
SGLC SGI U.S. Large Cap Core ETF	0.20%	0.23%	8.68%	1.49%

Frequently Asked Questions

Can I hold both SGLC and DMAY in my portfolio?

SGLC and DMAY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGLC or DMAY?

SGLC has higher volatility (3.26%) compared to DMAY (0.85%). In terms of maximum drawdown, SGLC dropped -20.24% vs DMAY's -13.90%.

Which ETF is better, SGLC or DMAY?

On 3-year performance, SGLC leads with 22.49% vs 12.08% for DMAY. Both ETFs have the same 0.85% expense ratio. On volatility, DMAY has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGLC or DMAY?

Over the 3-year period, SGLC has performed better with a 22.49% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGLC or DMAY?

SGLC and DMAY have the same expense ratio: 0.85% per year.

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

SGLC has the higher dividend yield at 0.20%, compared with 0.00% for DMAY.

What is the main difference between SGLC and DMAY?

They also come from different issuers: Summit Global Investments and First Trust.

Which has better risk-adjusted returns?

DMAY currently has the higher Sharpe Ratio (2.70 vs 2.52), 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.