XMAR vs. IVVM

Last updated Jun 3, 2026

XMAR (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, XMAR returned 13.17% vs 16.99% for IVVM. A 0.79 correlation means they provide meaningful diversification when combined. XMAR charges 0.85%/yr vs 0.50%/yr for IVVM.

Performance

XMAR vs. IVVM - 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 iShares Large Cap Moderate Buffer ETF (IVVM). 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 higher than IVVM's 6.18% return.

XMAR

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

IVVM

• 1D: 0.12%
• 1M: 2.02%
• YTD: 6.18%
• 6M: 6.69%
• 1Y: 16.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XMAR vs. IVVM - 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%	4.52%
IVVM iShares Large Cap Moderate Buffer ETF	6.18%	14.24%	16.08%	5.17%

Correlation

The correlation between XMAR and IVVM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.79

The correlation between XMAR and IVVM has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

XMAR vs. IVVM - Sectors Allocation Comparison

Sectors	XMAR	IVVM
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. IVVM — 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

IVVM

IVVM Risk / Return Rank: 75
IVVM Sharpe Ratio Rank: 73
IVVM Sortino Ratio Rank: 76
IVVM Omega Ratio Rank: 82
IVVM Calmar Ratio Rank: 64
IVVM Martin Ratio Rank: 80

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. IVVM - 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 iShares Large Cap Moderate Buffer ETF (IVVM). 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	IVVM	Difference
Sharpe ratio Return per unit of total volatility	4.40	2.43	+1.97
Sortino ratio Return per unit of downside risk	7.61	3.47	+4.15
Omega ratio Gain probability vs. loss probability	2.22	1.50	+0.72
Calmar ratio Return relative to maximum drawdown	9.04	3.25	+5.79
Martin ratio Return relative to average drawdown	69.02	16.23	+52.79
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. IVVM - Sharpe Ratio Comparison

The current XMAR Sharpe Ratio is 4.40, which is higher than the IVVM Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of XMAR and IVVM, 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	IVVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.40	2.43	+1.97
Sharpe Ratio (All Time) Calculated using the full available price history	2.13	1.50	+0.63

Drawdowns

XMAR vs. IVVM - Drawdown Comparison

The maximum XMAR drawdown since its inception was -7.29%, smaller than the maximum IVVM drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for XMAR and IVVM.

Drawdown Indicators

	XMAR	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-7.29%	-11.62%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-1.48%	-5.31%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-7.29%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.30%	-0.92%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	1.06%	-0.87%

Volatility

XMAR vs. IVVM - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) is 0.66%, while iShares Large Cap Moderate Buffer ETF (IVVM) has a volatility of 0.73%. This indicates that XMAR experiences smaller price fluctuations and is considered to be less risky than IVVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMAR	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	0.73%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	5.62%	-3.22%
Volatility (1Y) Calculated over the trailing 1-year period	3.01%	7.03%	-4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.56%	9.63%	-4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.56%	9.63%	-4.07%

XMAR vs. IVVM - Expense Ratio Comparison

XMAR has a 0.85% expense ratio, which is higher than IVVM's 0.50% expense ratio.

Dividends

XMAR vs. IVVM - Dividend Comparison

XMAR has not paid dividends to shareholders, while IVVM's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025	2024
IVVM iShares Large Cap Moderate Buffer ETF	0.64%	0.68%	0.62%
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 IVVM in my portfolio?

XMAR and IVVM have a correlation of 0.75, 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 IVVM?

IVVM has higher volatility (0.73%) compared to XMAR (0.66%). In terms of maximum drawdown, XMAR dropped -7.29% vs IVVM's -11.62%.

Which ETF is better, XMAR or IVVM?

On 1-year performance, IVVM leads with 16.99% vs 13.17% for XMAR. On fees, IVVM is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMAR or IVVM?

Over the 1-year period, IVVM has performed better with a 16.99% return vs 13.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMAR or IVVM?

IVVM is cheaper with a 0.50% expense ratio, compared with 0.85% for XMAR.

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

IVVM has the higher dividend yield at 0.64%, compared with 0.00% for XMAR.

What is the main difference between XMAR and IVVM?

They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.85% for XMAR and 0.50% for IVVM.

Which has better risk-adjusted returns?

XMAR currently has the higher Sharpe Ratio (4.40 vs 2.43), 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.