TMAR vs. FTXL
TMAR (FT Vest Emerging Markets Buffer ETF - March) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - TMAR is a Defined Outcome fund tracking the iShares MSCI Emerging Markets ETF (EEM) Price Return, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. Both are passively managed. Over the past year, TMAR returned 21.88% vs 143.42% for FTXL. Their 0.66 correlation means they have sometimes moved together and sometimes differently. TMAR charges 0.95%/yr vs 0.60%/yr for FTXL.
Performance
TMAR vs. FTXL - Performance Comparison
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Returns By Period
In the year-to-date period, TMAR achieves a 13.13% return, which is significantly lower than FTXL's 81.48% return.
TMAR
- 1D
- 1.15%
- 1M
- 1.56%
- 6M
- 11.91%
- YTD
- 13.13%
- 1Y
- 21.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.04%
FTXL
- 1D
- 7.52%
- 1M
- -6.11%
- 6M
- 53.51%
- YTD
- 81.48%
- 1Y
- 143.42%
- 3Y*
- 48.94%
- 5Y*
- 28.36%
- 10Y*
- —
- ALL TIME*
- 29.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $143.23M | $96.82M | $85.90M | |
| $75.59K | $91.81K | $229.25K |
TMAR vs. FTXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMAR FT Vest Emerging Markets Buffer ETF - March | 13.13% | 15.97% |
FTXL First Trust Nasdaq Semiconductor ETF | 81.48% | 61.77% |
Correlation
The correlation between TMAR and FTXL is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.66 |
The correlation between TMAR and FTXL has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
TMAR vs. FTXL — Risk / Return Rank
TMAR
FTXL
TMAR vs. FTXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - March (TMAR) and First Trust Nasdaq Semiconductor ETF (FTXL). 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.
| TMAR | FTXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 4.42 | -0.98 |
| Martin ratioReturn relative to average drawdown | 14.04 | 18.46 | -4.42 |
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Drawdowns
TMAR vs. FTXL - Drawdown Comparison
The maximum TMAR drawdown since its inception was -9.93%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for TMAR and FTXL.
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Drawdown Indicators
| TMAR | FTXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.93% | -43.87% | +33.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -32.64% | +26.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.87% | — |
Current DrawdownCurrent decline from peak | -2.17% | -20.87% | +18.70% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -10.62% | +9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 7.80% | -6.24% |
Volatility
TMAR vs. FTXL - Volatility Comparison
The current volatility for FT Vest Emerging Markets Buffer ETF - March (TMAR) is 5.12%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 19.65%. This indicates that TMAR experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMAR | FTXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 19.65% | -14.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 40.24% | -28.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 46.65% | -34.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 38.38% | -25.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 35.35% | -22.61% |
TMAR vs. FTXL - Expense Ratio Comparison
TMAR has a 0.95% expense ratio, which is higher than FTXL's 0.60% expense ratio.
Dividends
TMAR vs. FTXL - Dividend Comparison
TMAR has not paid dividends to shareholders, while FTXL's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXL First Trust Nasdaq Semiconductor ETF | 0.10% | 0.28% | 0.54% | 0.60% | 0.89% | 0.25% | 0.48% | 0.92% | 0.71% | 0.47% | 0.12% |
TMAR FT Vest Emerging Markets Buffer ETF - March | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMAR and FTXL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTXL has higher volatility (19.65%) compared to TMAR (5.12%). In terms of maximum drawdown, TMAR dropped -9.93% vs FTXL's -43.87%.
On 1-year performance, FTXL leads with 143.42% vs 21.88% for TMAR. On fees, FTXL is cheaper at 0.60% per year. On volatility, TMAR has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTXL has performed better with a 143.42% return vs 21.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXL is cheaper with a 0.60% expense ratio, compared with 0.95% for TMAR.
FTXL has the higher dividend yield at 0.10%, compared with 0.00% for TMAR.
TMAR is categorized as Defined Outcome, while FTXL is Semiconductors. TMAR tracks iShares MSCI Emerging Markets ETF (EEM) Price Return, while FTXL tracks Nasdaq U.S. Smart Semiconductor Index. Their fees differ too: 0.95% for TMAR and 0.60% for FTXL.
FTXL currently has the higher Sharpe Ratio (3.09 vs 1.82), 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.
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