VOXP vs. FMAY

Last updated Jun 27, 2026

VOXP (Vox Populi ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. VOXP charges 0.30%/yr vs 0.85%/yr for FMAY.

Performance

VOXP vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vox Populi ETF (VOXP) 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

VOXP

• 1D: 0.14%
• 1M: -2.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMAY

• 1D: -0.18%
• 1M: -1.21%
• YTD: 3.76%
• 6M: 3.58%
• 1Y: 11.61%
• 3Y*: 12.94%
• 5Y*: 8.93%
• 10Y*: —

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

VOXP vs. FMAY - Yearly Performance Comparison

	2026 (YTD)
VOXP Vox Populi ETF	12.58%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	5.58%

Correlation

The correlation between VOXP and FMAY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.81

Return for Risk

VOXP vs. FMAY — Risk / Return Rank

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

VOXP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FMAY

FMAY Risk / Return Rank: 70
FMAY Sharpe Ratio Rank: 63
FMAY Sortino Ratio Rank: 65
FMAY Omega Ratio Rank: 73
FMAY Calmar Ratio Rank: 65
FMAY Martin Ratio Rank: 83

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.

VOXP vs. FMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vox Populi ETF (VOXP) 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.

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.

	VOXP	FMAY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.80	—
Sortino ratio: Return per unit of downside risk	—	2.58	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.77	—
Martin ratio: Return relative to average drawdown	—	14.39	—

Drawdowns

VOXP vs. FMAY - Drawdown Comparison

The maximum VOXP drawdown since its inception was -4.39%, smaller than the maximum FMAY drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for VOXP and FMAY.

Drawdown Indicators

	VOXP	FMAY	Difference
Max Drawdown Largest peak-to-trough decline	-4.39%	-13.60%	+9.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.60%	—
Current Drawdown Current decline from peak	-3.41%	-1.92%	-1.49%
Average Drawdown Average peak-to-trough decline	-0.88%	-2.00%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.81%	—

Volatility

Volatility by Period

	VOXP	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	6.48%	+9.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	10.65%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	10.16%	+5.40%

VOXP vs. FMAY - Expense Ratio Comparison

VOXP has a 0.30% expense ratio, which is lower than FMAY's 0.85% expense ratio.

Dividends

VOXP vs. FMAY - Dividend Comparison

VOXP's dividend yield for the trailing twelve months is around 0.21%, while FMAY has not paid dividends to shareholders.

Position	TTM
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%
VOXP Vox Populi ETF	0.21%

Frequently Asked Questions

Can I hold both VOXP and FMAY in my portfolio?

VOXP and FMAY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOXP or FMAY?

On fees, VOXP is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOXP or FMAY?

VOXP is cheaper with a 0.30% expense ratio, compared with 0.85% for FMAY.

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

VOXP has the higher dividend yield at 0.21%, compared with 0.00% for FMAY.

What is the main difference between VOXP and FMAY?

They also come from different issuers: Vox Populi and First Trust. Their fees differ too: 0.30% for VOXP and 0.85% for FMAY.