SNAV vs. FMAY

Last updated Jun 3, 2026

SNAV (Mohr Sector Nav ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. SNAV is actively managed, while FMAY is passively managed. Over the past 3 years, SNAV returned 15.83%/yr vs 14.13%/yr for FMAY. Their correlation of 0.87 suggests significant overlap in exposure. SNAV charges 1.30%/yr vs 0.85%/yr for FMAY.

Performance

SNAV vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Sector Nav ETF (SNAV) 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, SNAV achieves a 12.32% return, which is significantly higher than FMAY's 5.39% return.

SNAV

• 1D: 0.45%
• 1M: 7.17%
• YTD: 12.32%
• 6M: 12.65%
• 1Y: 27.10%
• 3Y*: 15.83%
• 5Y*: —
• 10Y*: —

FMAY

• 1D: -0.38%
• 1M: 1.63%
• YTD: 5.39%
• 6M: 6.32%
• 1Y: 15.38%
• 3Y*: 14.13%
• 5Y*: 9.48%
• 10Y*: —

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

SNAV vs. FMAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SNAV Mohr Sector Nav ETF	12.32%	15.54%	11.11%	12.25%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	5.39%	12.69%	14.45%	15.18%

Correlation

The correlation between SNAV and FMAY is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023	0.87

The correlation between SNAV and FMAY has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

SNAV vs. FMAY - Sectors Allocation Comparison

Sectors	SNAV	FMAY
Technology	38.4%	36.2%
Financial Services	16.5%	11.9%
Healthcare	14.5%	8.4%
Industrials	6.6%	8.1%
Consumer Cyclical	6.5%	10.1%
Communication Services	5.8%	10.9%
Consumer Defensive	3.4%	4.9%
Energy	2.4%	3.5%
Utilities	2.2%	2.3%
Real Estate	2.1%	1.9%
Basic Materials	1.6%	1.8%

Return for Risk

SNAV vs. FMAY — Risk / Return Rank

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

SNAV

SNAV Risk / Return Rank: 77
SNAV Sharpe Ratio Rank: 77
SNAV Sortino Ratio Rank: 74
SNAV Omega Ratio Rank: 75
SNAV Calmar Ratio Rank: 80
SNAV Martin Ratio Rank: 77

FMAY

FMAY Risk / Return Rank: 83
FMAY Sharpe Ratio Rank: 79
FMAY Sortino Ratio Rank: 85
FMAY Omega Ratio Rank: 87
FMAY Calmar Ratio Rank: 74
FMAY Martin Ratio Rank: 91

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.

SNAV vs. FMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Sector Nav ETF (SNAV) 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.

	SNAV	FMAY	Difference
Sharpe ratio Return per unit of total volatility	2.55	2.56	-0.01
Sortino ratio Return per unit of downside risk	3.44	3.80	-0.37
Omega ratio Gain probability vs. loss probability	1.46	1.54	-0.08
Calmar ratio Return relative to maximum drawdown	4.24	3.66	+0.58
Martin ratio Return relative to average drawdown	15.28	21.48	-6.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNAV vs. FMAY - Sharpe Ratio Comparison

The current SNAV Sharpe Ratio is 2.55, which is comparable to the FMAY Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of SNAV and FMAY, 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

	SNAV	FMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.56	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.02	+0.10

Drawdowns

SNAV vs. FMAY - Drawdown Comparison

The maximum SNAV drawdown since its inception was -16.61%, which is greater than FMAY's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for SNAV and FMAY.

Drawdown Indicators

	SNAV	FMAY	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-13.60%	-3.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-4.22%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-13.12%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.60%	—
Current Drawdown Current decline from peak	0.00%	-0.38%	+0.38%
Average Drawdown Average peak-to-trough decline	-2.51%	-2.01%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	0.72%	+1.07%

Volatility

SNAV vs. FMAY - Volatility Comparison

Mohr Sector Nav ETF (SNAV) has a higher volatility of 3.05% compared to FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY) at 1.02%. This indicates that SNAV's price experiences larger fluctuations and is considered to be riskier than FMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAV	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	1.02%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	4.59%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	6.04%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	10.59%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.64%	10.15%	+3.49%

SNAV vs. FMAY - Expense Ratio Comparison

SNAV has a 1.30% expense ratio, which is higher than FMAY's 0.85% expense ratio.

Dividends

SNAV vs. FMAY - Dividend Comparison

Neither SNAV nor FMAY has paid dividends to shareholders.

Position	TTM	2025	2024	2023
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%	0.00%	0.00%	0.00%
SNAV Mohr Sector Nav ETF	0.00%	0.00%	0.94%	3.29%

Frequently Asked Questions

Can I hold both SNAV and FMAY in my portfolio?

SNAV and FMAY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAV or FMAY?

SNAV has higher volatility (3.05%) compared to FMAY (1.02%). In terms of maximum drawdown, SNAV dropped -16.61% vs FMAY's -13.60%.

Which ETF is better, SNAV or FMAY?

On 3-year performance, SNAV leads with 15.83% vs 14.13% for FMAY. On fees, FMAY is cheaper at 0.85% per year. On volatility, FMAY has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNAV or FMAY?

Over the 3-year period, SNAV has performed better with a 15.83% return vs 14.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNAV or FMAY?

FMAY is cheaper with a 0.85% expense ratio, compared with 1.30% for SNAV.

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

SNAV and FMAY have nearly identical dividend yields, around 0.00%.

What is the main difference between SNAV and FMAY?

They also come from different issuers: Mohr Funds and First Trust. Their fees differ too: 1.30% for SNAV and 0.85% for FMAY.

Which has better risk-adjusted returns?

FMAY currently has the higher Sharpe Ratio (2.56 vs 2.55), 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.