XMAY vs. RDVY
XMAY (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - XMAY is a Defined Outcome fund actively managed by First Trust, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. XMAY is actively managed, while RDVY is passively managed. Over the past year, XMAY returned 8.48% vs 30.74% for RDVY. Their 0.73 correlation means they have sometimes moved together and sometimes differently. XMAY charges 0.85%/yr vs 0.47%/yr for RDVY.
Performance
XMAY vs. RDVY - Performance Comparison
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Returns By Period
In the year-to-date period, XMAY achieves a 4.06% return, which is significantly lower than RDVY's 17.25% return.
XMAY
- 1D
- 0.39%
- 1M
- 0.62%
- 6M
- 3.57%
- YTD
- 4.06%
- 1Y
- 8.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.51%
RDVY
- 1D
- 0.36%
- 1M
- 1.19%
- 6M
- 12.71%
- YTD
- 17.25%
- 1Y
- 30.74%
- 3Y*
- 19.76%
- 5Y*
- 12.89%
- 10Y*
- 16.25%
- ALL TIME*
- 13.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.65M | $79.19M | $83.63M | |
| $43.46K | $38.28K | $134.00K |
XMAY vs. RDVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | 4.06% | 10.44% | 6.22% |
RDVY First Trust Rising Dividend Achievers ETF | 17.25% | 18.90% | 7.38% |
Correlation
The correlation between XMAY and RDVY is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 20, 2024 | 0.73 |
The correlation between XMAY and RDVY has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
XMAY vs. RDVY — Risk / Return Rank
XMAY
RDVY
XMAY vs. RDVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) and First Trust Rising Dividend Achievers ETF (RDVY). 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.
| XMAY | RDVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 3.25 | +1.24 |
| Martin ratioReturn relative to average drawdown | 20.61 | 13.63 | +6.98 |
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Drawdowns
XMAY vs. RDVY - Drawdown Comparison
The maximum XMAY drawdown since its inception was -8.24%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for XMAY and RDVY.
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Drawdown Indicators
| XMAY | RDVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.24% | -40.60% | +32.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -9.04% | +7.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -4.95% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.15% | -1.76% |
Volatility
XMAY vs. RDVY - Volatility Comparison
The current volatility for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) is 1.51%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 3.53%. This indicates that XMAY experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMAY | RDVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 3.53% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 11.46% | -8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 14.65% | -10.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 18.92% | -11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 21.03% | -13.67% |
XMAY vs. RDVY - Expense Ratio Comparison
XMAY has a 0.85% expense ratio, which is higher than RDVY's 0.47% expense ratio.
Dividends
XMAY vs. RDVY - Dividend Comparison
XMAY has not paid dividends to shareholders, while RDVY's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDVY First Trust Rising Dividend Achievers ETF | 0.83% | 1.11% | 1.64% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% |
XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XMAY and RDVY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDVY has higher volatility (3.53%) compared to XMAY (1.51%). In terms of maximum drawdown, XMAY dropped -8.24% vs RDVY's -40.60%.
On 1-year performance, RDVY leads with 30.74% vs 8.48% for XMAY. On fees, RDVY is cheaper at 0.47% per year. On volatility, XMAY has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RDVY has performed better with a 30.74% return vs 8.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDVY is cheaper with a 0.47% expense ratio, compared with 0.85% for XMAY.
RDVY has the higher dividend yield at 0.83%, compared with 0.00% for XMAY.
XMAY is categorized as Defined Outcome, while RDVY is Dividend. Their fees differ too: 0.85% for XMAY and 0.47% for RDVY.
RDVY currently has the higher Sharpe Ratio (2.00 vs 1.99), 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.
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