BUFR vs SMAX
FT Vest Laddered Buffer ETF vs iShares Large Cap Max Buffer Sep ETF
Which is better, BUFR or SMAX?
BUFR has been ahead.
SMAX has a lower expense ratio. BUFR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUFR | SMAX |
|---|---|---|
| Expense Ratio | 0.95% | 0.50%Best |
| AUM | $10.9B | $119M |
| Dividend Yield | 0.00% | 0.74% |
| Holdings | 26 | 7 |
| YTD Return | +10.03%Best | +6.06% |
| 1Y Return | +13.37%Best | +6.54% |
| 3Y Return (annualized) | +14.92% | - |
| 5Y Return (annualized) | +10.16% | - |
| Volatility (annualized) | 6.9% | 3.1%Best |
| Max Drawdown | -12.8% | -3.9%Best |
| $10,000 over 2 years | $12,627Best | $11,434 |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 10, 2020 | Sep 30, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Oct 14, 2026 (2 years).
BUFR vs SMAX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
BUFR vs SMAX Performance
FT Vest Laddered Buffer ETF (BUFR) is an ETF from First Trust Portfolios (US) and iShares Large Cap Max Buffer Sep ETF (SMAX) is an ETF from iShares by BlackRock (US). Over the past year BUFR returned +13.37% while SMAX returned +6.54%. Year to date, BUFR is up 10.03% versus a gain of 6.06% for SMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BUFR has been the more volatile fund, with annualized monthly volatility of 6.9% compared with 3.1% for SMAX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.8% for BUFR and -3.9% for SMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUFR charges 0.95% per year while SMAX charges 0.50%. On a $10,000 position that is $95 vs $50 annually, a gap of $45 per year that compounds over a long holding period. On income, BUFR currently yields 0.00% against 0.74% for SMAX.
Holdings Overlap
We hold position weights for 12 holdings in BUFR and 3 in SMAX, totalling 99.9% and 96.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 12 positions we hold weights for in BUFR and 3 in SMAX, against full books of 26 and 7.
You are not choosing between two funds in isolation.
Whichever of BUFR and SMAX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUFR or SMAX?
BUFR has an expense ratio of 0.95% while SMAX charges 0.50%. SMAX is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, BUFR or SMAX?
Over the past year BUFR returned +13.37% vs +6.54% for SMAX, so BUFR leads on 1-year performance. Over the longest common window we track (2 years), BUFR annualized +12.37% vs +6.93% for SMAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFR or SMAX?
BUFR has been the more volatile fund at 6.9% annualized versus 3.1% for SMAX. Worst drawdown: BUFR -12.8% vs SMAX -3.9%.
Should I hold both BUFR and SMAX?
BUFR and SMAX have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BUFR or SMAX?
BUFR yields 0.00% while SMAX yields 0.74%, so SMAX currently pays the higher dividend yield.
Is SMAX better than BUFR?
SMAX has a lower expense ratio. BUFR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.