UTRN vs. QMAR

Last updated Apr 2, 2026

Compare and contrast key facts about Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR).

UTRN and QMAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTRN is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Vesper US Large Cap Short-Term Reversal Index. It was launched on Sep 21, 2018. QMAR is an actively managed fund by First Trust. It was launched on Mar 19, 2021.

Performance

UTRN vs. QMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

UTRN vs. QMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	-3.65%	28.82%	0.72%	-20.36%	24.66%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	2.45%	10.89%	16.11%	35.47%	-16.56%	12.31%

Returns By Period

UTRN

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

QMAR

• 1D: 0.57%
• 1M: 1.34%
• YTD: 2.45%
• 6M: 4.74%
• 1Y: 19.05%
• 3Y*: 15.09%
• 5Y*: 10.57%
• 10Y*: —

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

UTRN vs. QMAR - Expense Ratio Comparison

UTRN has a 0.75% expense ratio, which is lower than QMAR's 0.90% expense ratio.

QMAR

FT Cboe Vest Nasdaq-100 Buffer ETF - March

UTRN

Vesper U.S. Large Cap Short-Term Reversal Strategy ETF

Return for Risk

UTRN vs. QMAR — Risk / Return Rank

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

QMAR

QMAR Risk / Return Rank: 84
QMAR Sharpe Ratio Rank: 76
QMAR Sortino Ratio Rank: 83
QMAR Omega Ratio Rank: 95
QMAR Calmar Ratio Rank: 73
QMAR Martin Ratio Rank: 93

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.

UTRN vs. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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

	UTRN	QMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.77	—

Correlation

The correlation between UTRN and QMAR is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UTRN vs. QMAR - Dividend Comparison

Neither UTRN nor QMAR has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	UTRN	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.83%	—
Current Drawdown Current decline from peak	—	-0.32%	—
Average Drawdown Average peak-to-trough decline	—	-3.39%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.33%	—

Volatility

Volatility by Period

	UTRN	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.02%	—