WZRD vs. DMAY

Last updated Jun 5, 2026

WZRD (Opportunistic Trader ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. At a correlation of -0.00, they often move in opposite directions. WZRD charges 1.07%/yr vs 0.85%/yr for DMAY.

Performance

WZRD vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opportunistic Trader ETF (WZRD) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WZRD achieves a -61.76% return, which is significantly lower than DMAY's 4.64% return.

WZRD

• 1D: -1.41%
• 1M: -15.05%
• YTD: -61.76%
• 6M: -65.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAY

• 1D: 0.21%
• 1M: 1.46%
• YTD: 4.64%
• 6M: 5.44%
• 1Y: 12.58%
• 3Y*: 12.08%
• 5Y*: 7.21%
• 10Y*: —

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

WZRD vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025
WZRD Opportunistic Trader ETF	-61.76%	-10.73%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	4.64%	6.43%

Correlation

The correlation between WZRD and DMAY is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	-0.00

Return for Risk

WZRD vs. DMAY — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 87
DMAY Sharpe Ratio Rank: 84
DMAY Sortino Ratio Rank: 89
DMAY Omega Ratio Rank: 92
DMAY Calmar Ratio Rank: 76
DMAY Martin Ratio Rank: 92

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.

WZRD vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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

	WZRD	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.35	0.88	-2.23

Drawdowns

WZRD vs. DMAY - Drawdown Comparison

The maximum WZRD drawdown since its inception was -71.81%, which is greater than DMAY's maximum drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for WZRD and DMAY.

Drawdown Indicators

	WZRD	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-71.81%	-13.90%	-57.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-68.95%	-0.08%	-68.87%
Average Drawdown Average peak-to-trough decline	-23.50%	-2.24%	-21.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	WZRD	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.62%	4.73%	+45.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.62%	9.02%	+41.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.62%	8.42%	+42.20%

WZRD vs. DMAY - Expense Ratio Comparison

WZRD has a 1.07% expense ratio, which is higher than DMAY's 0.85% expense ratio.

Dividends

WZRD vs. DMAY - Dividend Comparison

WZRD's dividend yield for the trailing twelve months is around 3.37%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
WZRD Opportunistic Trader ETF	3.37%	1.29%

Frequently Asked Questions

Can I hold both WZRD and DMAY in my portfolio?

WZRD and DMAY have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WZRD or DMAY?

On fees, DMAY is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WZRD or DMAY?

DMAY is cheaper with a 0.85% expense ratio, compared with 1.07% for WZRD.

Which ETF pays a higher dividend yield, WZRD or DMAY?

WZRD has the higher dividend yield at 3.37%, compared with 0.00% for DMAY.

What is the main difference between WZRD and DMAY?

They also come from different issuers: Opportunistic Trader and First Trust. Their fees differ too: 1.07% for WZRD and 0.85% for DMAY.