GMAY vs UPRO
FT Vest US Equity Moderate Buffer ETF - May vs ProShares UltraPro S&P 500
Which is better, GMAY or UPRO?
UPRO has been ahead.
GMAY has a lower expense ratio. UPRO led over 1Y, 3Y and the full window.
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 | GMAY | UPRO |
|---|---|---|
| Expense Ratio | 0.85%Best | 0.88% |
| AUM | $448M | $5.7B |
| Dividend Yield | 0.00% | 0.77% |
| Holdings | 10 | 520 |
| YTD Return | +6.79% | +29.25%Best |
| 1Y Return | +9.14% | +38.25%Best |
| 3Y Return (annualized) | +12.19% | +51.43%Best |
| 5Y Return (annualized) | - | +19.36% |
| Volatility (annualized) | 6.0%Best | 39.5% |
| Max Drawdown | -11.8%Best | -49.1% |
| $10,000 over 3.4 years | $14,598 | $37,307Best |
| Fund Family | First Trust Portfolios (US) | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 19, 2023 | Jun 23, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 22, 2023 to Oct 14, 2026 (3.4 years).
GMAY vs UPRO 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 3.4 years both funds cover.
GMAY vs UPRO Performance
FT Vest US Equity Moderate Buffer ETF - May (GMAY) is an ETF from First Trust Portfolios (US) and ProShares UltraPro S&P 500 (UPRO) is an ETF from ProShares. Over the past year GMAY returned +9.14% while UPRO returned +38.25%. Year to date, GMAY is up 6.79% versus a gain of 29.25% for UPRO.
Over three years, GMAY compounded at +12.19% per year against +51.43% for UPRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPRO has been the more volatile fund, with annualized monthly volatility of 39.5% compared with 6.0% for GMAY. 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 -11.8% for GMAY and -49.1% for UPRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GMAY charges 0.85% per year while UPRO charges 0.88%. On a $10,000 position that is $85 vs $88 annually, a gap of $3 per year that compounds over a long holding period. On income, GMAY currently yields 0.00% against 0.77% for UPRO.
You are not choosing between two funds in isolation.
Whichever of GMAY and UPRO 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, GMAY or UPRO?
GMAY has an expense ratio of 0.85% while UPRO charges 0.88%. GMAY is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, GMAY or UPRO?
Over the past year GMAY returned +9.14% vs +38.25% for UPRO, so UPRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMAY or UPRO?
UPRO has been the more volatile fund at 39.5% annualized versus 6.0% for GMAY. Worst drawdown: GMAY -11.8% vs UPRO -49.1%.
Should I hold both GMAY and UPRO?
GMAY and UPRO have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GMAY or UPRO?
GMAY yields 0.00% while UPRO yields 0.77%, so UPRO currently pays the higher dividend yield.
Is UPRO better than GMAY?
GMAY has a lower expense ratio. UPRO led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.