SPQ vs. BUFX

Last updated Jun 4, 2026

SPQ (Simplify US Equity Plus QIS ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - SPQ is a Large Cap Blend Equities fund actively managed by Simplify, while BUFX is a Defined Outcome fund managed by First Trust. SPQ charges 1.00%/yr vs 0.96%/yr for BUFX.

Performance

SPQ vs. BUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity Plus QIS ETF (SPQ) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPQ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFX

• 1D: -0.05%
• 1M: 1.35%
• YTD: 4.10%
• 6M: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPQ vs. BUFX - Yearly Performance Comparison

	2026 (YTD)	2025
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.00%
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	4.10%	5.62%

Return for Risk

SPQ vs. BUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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

	SPQ	BUFX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.68	—

Drawdowns

Drawdown Indicators

	SPQ	BUFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.87%	—
Current Drawdown Current decline from peak	—	-0.07%	—
Average Drawdown Average peak-to-trough decline	—	-0.24%	—

Volatility

Volatility by Period

	SPQ	BUFX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	3.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.98%	—

SPQ vs. BUFX - Expense Ratio Comparison

SPQ has a 1.00% expense ratio, which is higher than BUFX's 0.96% expense ratio.

Dividends

SPQ vs. BUFX - Dividend Comparison

Neither SPQ nor BUFX has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	0.00%	0.00%	0.00%	0.00%
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.31%	17.17%	1.68%

Frequently Asked Questions

Which ETF is better, SPQ or BUFX?

On fees, BUFX is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPQ or BUFX?

BUFX is cheaper with a 0.96% expense ratio, compared with 1.00% for SPQ.

Which ETF pays a higher dividend yield, SPQ or BUFX?

SPQ and BUFX have nearly identical dividend yields, around 0.00%.

What is the main difference between SPQ and BUFX?

SPQ is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: Simplify and First Trust. Their fees differ too: 1.00% for SPQ and 0.96% for BUFX.