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DMAY vs UFEB

FT Vest U.S. Equity Deep Buffer ETF - May

DMAYCCboe

Innovator U.S. Equity Ultra Buffer ETF

UFEBBCboe

Overlap

Expense ratio

UFEB −0.06pt a year

DMAY0.85%UFEB0.79%

Avg volume · 30D

UFEB 3.4×the volume

DMAY9.56KUFEB32.8K

5Y return · a year

UFEB +0.5pt

DMAY+6.8%UFEB+7.3%

DMAY vs UFEB Performance

Oct 29, 2021 – Oct 30, 2026

+38.8%DMAY+42.2%UFEB

Oct 29, 2021 to Oct 30, 2026. DMAY +38.8%. UFEB +42.2%. Use the arrow keys to read each point.−10%0%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DMAY 0.85%
UFEB 0.79%, better
Fund size
DMAY $391M
UFEB $167M
1Y total return
DMAY +7.2%
UFEB +9.7%, better
Holdings
DMAY 3
UFEB 3
Avg volume (30D)
DMAY 9.56K sh
UFEB 32.8K sh, better
NAV per share
DMAY $47.79
UFEB $39.55
52W range

ETF.net Grade

DMAY: Cost 31, Risk 31, Mission not scored, Tradability 46, Holdings 67, Durability 72. UFEB: Cost 67, Risk 64, Mission not scored, Tradability 63, Holdings not scored, Durability 45.
Pillar letters and Scores for DMAY, UFEB, with each pillar’s weight
PillarDMAYUFEB
Cost30% weightD31B67Higher
Mission25% weightNot scoredNot scored
Risk15% weightD31B64Higher
Tradability15% weightC46B63Higher
Holdings10% weightB67Not scored
Durability5% weightA72HigherC45

Rank among S&P 500 Deep Buffer 25-30% funds

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

Same Category. DMAY and UFEB are both graded against the same 19 S&P 500 Deep Buffer 25-30% funds, so their Grades compare head to head.

S&P 500 Deep Buffer 25-30%⁠

Category · 19 funds
See all 19 ›

UFEB ranks 1st and DMAY 16th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

  1. Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
  2. Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
  3. Rank 3BPSCQPacer Swan SOS Conservative (October) ETFScore 60
  4. Rank 15CDDECFT Vest U.S. Equity Deep Buffer ETF - DecemberScore 44
  5. Rank 16CDMAYFT Vest U.S. Equity Deep Buffer ETF - MayScore 41
  6. Rank 17CCTJLCorgi U.S. Equities 30% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

DMAYCFT Vest U.S. Equity Deep Buffer ETF - May

UFEBBInnovator U.S. Equity Ultra Buffer ETF

In short

DMAY A deep buffer with a May start date. DMAY absorbs a 25-percentage-point band of losses in the SPDR S&P 500 ETF Trust over each one-year outcome period, and in exchange you live under a cap that resets every May.

UFEB No data

Stated mandate

DMAY The Fund seeks to track the price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a 13.56% upside cap, while buffering specified losses over the current target-outcome period.

UFEB No data

Why people hold it

  • DMAY Twenty-five percentage points of buffer against declines in the reference fund per outcome period. That is the deep end of the buffer menu, not the usual thin cushion.ftportfolios.com
  • The thing being buffered is the SPDR S&P 500 ETF Trust itself, price return. No custom index to decode.ftportfolios.com
  • One of twelve monthly vintages First Trust runs on the same deep-buffer recipe, DJAN through DDEC, every one at 0.85%. Start dates can be laddered without changing the fee math.
  • Running since 2020, so the structure has been through real market weather rather than a backtest.

UFEB No data

Worth knowing

  • DMAY 0.85% sits right at the median for deep-buffer funds, but not the floor: the Pacer Swan SOS Conservative siblings (PSCX, PSCW, PSCQ) run 0.49%.
  • Price return only. Dividends paid inside the S&P 500 are not passed along, and income has not been part of the package here.
  • Trades lightly next to the biggest buffer funds, so execution deserves attention. Buy mid-period and you inherit whatever cap and buffer remain, not the reset-day terms.

UFEB No data

Full DMAY profile⁠

Full UFEB profile⁠

DMAY vs UFEB 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.

DMAY vs UFEB Cost

Overpaying DMAY vs UFEB

$1,025

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

  • DMAY 0.85%

    $16,199

  • UFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DMAY 0.85%
  • UFEB 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$20K051015202530DMAY $16,199UFEB $15,174

Year by year

YearDMAYUFEBOverpaying
10$1,508$1,405$103
20$5,706$5,331$375
30$16,199$15,174$1,025

Expense ratio

  • 0.85%DMAY
  • 0.79%UFEB, cheaper
  • Middle half of S&P 500 Deep Buffer 25-30% funds
  • Median 0.85%

UFEB 7th cheapest of 19 funds

DMAY 8th cheapest of 19 funds

DMAY vs UFEB Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
DMAY None
UFEB None

Distribution history

DMAYAll DMAY payments⁠

No distribution history available.

UFEBAll UFEB payments⁠

No distribution history available.

DMAY vs UFEB Risk

Fall from peak · 5 years

  • DMAY
  • UFEB
Oct 29, 2021 to Oct 30, 2026. Worst fall: DMAY −13.9% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DMAY 6.4%UFEB 5.9%, better
Return per unit of riskSharpe ratio, 3 years
DMAY 1.19UFEB 1.43, better
Worst fallMax drawdown, 5 years
DMAY −13.9%UFEB −9.0%, better
Market sensitivityBeta, 5 years
DMAY 0.46UFEB 0.46Same figure. Both funds show the same value, so neither comes out ahead.

Popular comparisons

  • DMAYCvsPSCXB

    FT Vest U.S. Equity Deep Buffer ETF - May · Pacer Swan SOS Conservative (January) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsPSCXB

    Innovator U.S. Equity Ultra Buffer ETF · Pacer Swan SOS Conservative (January) ETF

    Expense ratio
    0.79% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DMAYCvsPSCQB

    FT Vest U.S. Equity Deep Buffer ETF - May · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsPSCQB

    Innovator U.S. Equity Ultra Buffer ETF · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.79% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DMAYCvsDFEBC

    FT Vest U.S. Equity Deep Buffer ETF - May · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsDFEBC

    Innovator U.S. Equity Ultra Buffer ETF · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.79% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.