XMAR vs. FEBT

Last updated Jun 3, 2026

XMAR (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March) and FEBT (Allianzim U.S. Large Cap Buffer10 Feb ETF) are both Options Trading funds. Both are actively managed. Over the past 3 years, XMAR returned 11.18%/yr vs 16.50%/yr for FEBT. Their correlation of 0.81 suggests significant overlap in exposure. XMAR charges 0.85%/yr vs 0.74%/yr for FEBT.

Performance

XMAR vs. FEBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) and Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMAR achieves a 6.66% return, which is significantly lower than FEBT's 8.27% return.

XMAR

• 1D: -0.15%
• 1M: 1.13%
• YTD: 6.66%
• 6M: 7.46%
• 1Y: 13.17%
• 3Y*: 11.18%
• 5Y*: —
• 10Y*: —

FEBT

• 1D: 0.24%
• 1M: 2.83%
• YTD: 8.27%
• 6M: 9.35%
• 1Y: 21.32%
• 3Y*: 16.50%
• 5Y*: —
• 10Y*: —

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

XMAR vs. FEBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	6.66%	10.30%	10.10%	10.30%
FEBT Allianzim U.S. Large Cap Buffer10 Feb ETF	8.27%	12.72%	17.29%	17.67%

Correlation

The correlation between XMAR and FEBT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023	0.81

The correlation between XMAR and FEBT has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

XMAR vs. FEBT - Sectors Allocation Comparison

Sectors	XMAR	FEBT
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

XMAR vs. FEBT — Risk / Return Rank

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

XMAR

XMAR Risk / Return Rank: 97
XMAR Sharpe Ratio Rank: 96
XMAR Sortino Ratio Rank: 98
XMAR Omega Ratio Rank: 98
XMAR Calmar Ratio Rank: 96
XMAR Martin Ratio Rank: 98

FEBT

FEBT Risk / Return Rank: 82
FEBT Sharpe Ratio Rank: 84
FEBT Sortino Ratio Rank: 87
FEBT Omega Ratio Rank: 87
FEBT Calmar Ratio Rank: 70
FEBT Martin Ratio Rank: 85

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.

XMAR vs. FEBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) and Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT). 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.

	XMAR	FEBT	Difference
Sharpe ratio Return per unit of total volatility	4.40	2.80	+1.60
Sortino ratio Return per unit of downside risk	7.61	4.02	+3.59
Omega ratio Gain probability vs. loss probability	2.22	1.55	+0.68
Calmar ratio Return relative to maximum drawdown	9.04	3.54	+5.50
Martin ratio Return relative to average drawdown	69.02	18.12	+50.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMAR vs. FEBT - Sharpe Ratio Comparison

The current XMAR Sharpe Ratio is 4.40, which is higher than the FEBT Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of XMAR and FEBT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XMAR	FEBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.40	2.80	+1.60
Sharpe Ratio (All Time) Calculated using the full available price history	2.13	1.66	+0.48

Drawdowns

XMAR vs. FEBT - Drawdown Comparison

The maximum XMAR drawdown since its inception was -7.29%, smaller than the maximum FEBT drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for XMAR and FEBT.

Drawdown Indicators

	XMAR	FEBT	Difference
Max Drawdown Largest peak-to-trough decline	-7.29%	-13.19%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.48%	-6.04%	+4.56%
Max Drawdown (3Y) Largest decline over 3 years	-7.29%	-13.19%	+5.90%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.30%	-1.18%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	1.18%	-0.99%

Volatility

XMAR vs. FEBT - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) is 0.66%, while Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT) has a volatility of 1.27%. This indicates that XMAR experiences smaller price fluctuations and is considered to be less risky than FEBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMAR	FEBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	1.27%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	5.97%	-3.57%
Volatility (1Y) Calculated over the trailing 1-year period	3.01%	7.66%	-4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.56%	9.76%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.56%	9.76%	-4.20%

XMAR vs. FEBT - Expense Ratio Comparison

XMAR has a 0.85% expense ratio, which is higher than FEBT's 0.74% expense ratio.

Dividends

XMAR vs. FEBT - Dividend Comparison

Neither XMAR nor FEBT has paid dividends to shareholders.

Position	TTM	2025	2024
FEBT Allianzim U.S. Large Cap Buffer10 Feb ETF	0.00%	0.00%	0.28%
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XMAR and FEBT in my portfolio?

XMAR and FEBT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMAR or FEBT?

FEBT has higher volatility (1.27%) compared to XMAR (0.66%). In terms of maximum drawdown, XMAR dropped -7.29% vs FEBT's -13.19%.

Which ETF is better, XMAR or FEBT?

On 3-year performance, FEBT leads with 16.50% vs 11.18% for XMAR. On fees, FEBT is cheaper at 0.74% per year. On volatility, XMAR has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMAR or FEBT?

Over the 3-year period, FEBT has performed better with a 16.50% return vs 11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMAR or FEBT?

FEBT is cheaper with a 0.74% expense ratio, compared with 0.85% for XMAR.

Which ETF pays a higher dividend yield, XMAR or FEBT?

XMAR and FEBT have nearly identical dividend yields, around 0.00%.

What is the main difference between XMAR and FEBT?

They also come from different issuers: FT Vest and Allianz. Their fees differ too: 0.85% for XMAR and 0.74% for FEBT.

Which has better risk-adjusted returns?

XMAR currently has the higher Sharpe Ratio (4.40 vs 2.80), 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.