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BUFM vs MARZ

AB Moderate Buffer ETF

BUFMBNasdaq

TrueShares Structured Outcome (March) ETF

MARZDCboe

Overlap

0.0%by weight

Expense ratio

BUFM −0.10pt a year

BUFM0.69%MARZ0.79%

Avg volume · 30D

BUFM 10.1×the volume

BUFM28.8KMARZ2.84K

BUFM vs MARZ Performance

Nov 5, 2025 – Nov 5, 2026

+3.6%BUFM+5.4%MARZ

Nov 5, 2025 to Nov 5, 2026. BUFM +3.6%. MARZ +5.4%. Use the arrow keys to read each point.−5%−2.5%0%7.5%10%Nov 2025May 2026Nov 2026
Expense ratio
BUFM 0.69%, better
MARZ 0.79%
Fund size
BUFM $493M
MARZ $34M
1Y total return
BUFM +3.6%
MARZ +5.4%, better
Yield (12M)
BUFM No data
MARZ 3.14%
Holdings
BUFM 5
MARZ 17
Avg volume (30D)
BUFM 28.8K sh, better
MARZ 2.84K sh
NAV per share
BUFM $41.00
MARZ $37.27
52W range

ETF.net Grade

BUFM: Cost 82, Risk 48, Mission not scored, Tradability 53, Holdings not scored, Durability 50. MARZ: Cost 40, Risk 22, Mission not scored, Tradability 33, Holdings not scored, Durability 42.
Pillar letters and Scores for BUFM, MARZ, with each pillar’s weight
PillarBUFMMARZ
Cost30% weightA82HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightC48HigherF22
Tradability15% weightC53HigherD33
Holdings10% weightNot scoredNot scored
Durability5% weightC50HigherC42

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BUFM and MARZ are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds
See all 77 ›

BUFM ranks 4th and MARZ 72nd of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
  2. Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
  3. Rank 3BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 65
  4. Rank 4BBUFMAB Moderate Buffer ETFScore 64
  5. Rank 4BTENDiShares Large Cap 10% Target Buffer Dec ETFScore 64
  6. Rank 72DAUGZTrueShares Structured Outcome (August) ETFScore 34
  7. Rank 72DMARZTrueShares Structured Outcome (March) ETFScore 34
  8. Rank 72DMAYZTrueShares Structured Outcome (May) ETFScore 34

Our read on each fund

ETF.net Research

BUFMBAB Moderate Buffer ETF

MARZDTrueShares Structured Outcome (March) ETF

In short

BUFM No data

MARZ A March-dated buffer fund with an unusual twist: TrueShares defines the downside (the first 8% to 12% of S&P 500 price-index losses each 12-month period, dividends excluded) without naming an upside cap in its objective.

Stated mandate

BUFM No data

MARZ The fund seeks returns tracking the S&P 500 Price Return Index while buffering the first 8%–12% of index losses during each 12-month March-to-March investment period.

Why people hold it

BUFM No data

  • MARZ No stated upside cap in its mandate. The floor is spelled out, the ceiling isn't, which is rare in a category built on trading away the top end.
  • Part of a monthly ladder. Sister funds run the same strategy off other start months (FEBZ, JULZ, AUGZ, SEPZ), so the entry calendar isn't only March.
  • Live since 2021, so its March-to-March reset has been through multiple full cycles rather than existing only on paper.

Worth knowing

BUFM No data

  • MARZ The buffer is a range, not a fixed number. Where it lands between 8% and 12% is set at the start of each March period, not known in advance.
  • At 0.79% the fee sits right at the median for its buffer peer group, and cheaper structures exist there (ZALT at 0.69%, BUFB at 0.10%).
  • One of the smaller, lightly traded funds in its category, which typically shows up as wider bid-ask spreads at the moment you transact.

Full BUFM profile⁠

Full MARZ profile⁠

BUFM vs MARZ Holdings

How BUFM and MARZ differ

Overlap by weight

0.0%

Level by level

  • Asset classAlternatives, Stocks0.0%
  • Holdings0 in both0.0%
  • Sector11 Sectors97.1%
  • Countryby domicile99.5%

Sector

Sector weights in BUFM and MARZ, widest gap first
SectorMore in BUFMMore in MARZGap
TechnologyBUFM +2.2 points
Consumer DiscretionaryMARZ +0.9 points
IndustrialsMARZ +0.8 points
EnergyBUFM +0.4 points
FinancialsMARZ +0.4 points
UtilitiesMARZ +0.4 points
Health CareBUFM +0.3 points
Consumer StaplesMARZ +0.2 points
Real EstateMARZ +0.2 points
MaterialsMARZ +0.1 points
CommunicationMARZ +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in BUFM and MARZ, widest gap first
CountryMore in BUFMMore in MARZGap
United StatesMARZ +0.5 points
SwitzerlandBUFM +0.3 points
ChinaBUFM +0.1 points
MexicoBUFM +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • BUFM101.0%
  • MARZ100.2%

Securities held

  • BUFM3
  • MARZ3

Asset class

BUFM
Alternatives
MARZ
Stocks

Holdings

  • Only in BUFM3
  • In both0
  • Only in MARZ3

Only in BUFM

3 securities, 100% of BUFM by weight

  • 4SPY 12/31/26 C3.81 4SPY 12/31/26 C3.8199.14%
  • 4SPY 12/31/26 P750.28 4SPY 12/31/26 P750.281.28%
  • Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.55%

Only in MARZ

3 securities, 91.4% of MARZ by weight

  • Treasury Bill B 02/18/2791.10%
  • Broker Sweep0.19%
  • State Street Inst U.s. Government Mmkt Admn Class0.09%

Weight gaps

BUFM and MARZ share no securities.

All BUFM holdings⁠All 19 MARZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUFM vs MARZ Cost

Overpaying MARZ vs BUFM

$1,745

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BUFM 0.69%

    $13,429

  • MARZ 0.79%

    $15,174

$10,000
30 years

Cost over time

  • BUFM 0.69%
  • MARZ 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MARZ $15,174BUFM $13,429

Year by year

YearBUFMMARZOverpaying
10$1,232$1,405$173
20$4,697$5,331$634
30$13,429$15,174$1,745

Expense ratio

  • 0.69%BUFM, cheaper
  • 0.79%MARZ
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

BUFM 14th cheapest of 77 funds

MARZ 34th cheapest of 77 funds

BUFM vs MARZ Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
BUFM No data
MARZ 3.14%
Payout (12M)
BUFM None
MARZ $1.13
Last payment
BUFM No data
MARZ $1.13
Ex-dividend
BUFM No data
MARZ Dec 24, 2025
Paid on
BUFM No data
MARZ Dec 26, 2025
Frequency
BUFM No data
MARZ Annual

Distribution history

Per share, 2021 to 2026, same scale for both

BUFMAll BUFM payments⁠

No distribution history available.

MARZAnnual · 5 paymentsAll MARZ payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.70; Dec 29, 2022 $0.19; Dec 27, 2023 $2.04; Dec 27, 2024 $1.43; Dec 24, 2025 $1.13. Use the arrow keys to read each point.$0$220232026YTD

BUFM vs MARZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BUFM 5.4%since Jan 2025MARZ 9.3%
Return per unit of riskSharpe ratio, 3 years
BUFM 0.92since Jan 2025MARZ 1.21
Worst fallMax drawdown, 5 years
BUFM −9.4%since Dec 2024MARZ −18.9%
Market sensitivityBeta, 5 years
BUFM 0.40MARZ 0.69

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