FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) Performance
DMAY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.8% since Dec 31, 2025
- 1 year
- +7.6% total return
- 5 years
- +6.9% a year
- Since first price
- +7.1% a year since 2020
DMAY trailing returns vs SPY, QQQ, AGG
| Period | DMAY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.0% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.0% | +3.0% | +7.8% | +8.4% | −1.5% |
| YTD | +5.8% | +5.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.6% | +7.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +42.3%+12.5%/yr | +42.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +39.4%+6.9%/yr | +39.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 18, 2020 | +55.5%+7.1%/yr | +55.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DMAY vs SPY
From May 18, 2020: DMAY grew to $15,552, SPY to $28,167.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DMAY returns by calendar year
4 of 5 full years positive. Best 2023 (+15.4%), worst 2022 (−10.0%). 2026 is year to date.
DMAY annual returns table
| Year | DMAY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.8% | −3.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.0% | −12.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.8% | −4.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.4% | −5.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.0% | −13.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.1% | −1.6% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DMAY largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 4, 2022 | −13.9% | Oct 14, 2022 | Nov 14, 2023 | 6 months | 1.6 years |
| Feb 19, 2025 | −12.4% | Apr 8, 2025 | May 16, 2025 | 48 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DMAY risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +12.3% | +7.3% | +7.1% |
| Volatility (annualized) | 6.5% | 7.9% | 7.2% |
| Sharpe ratio | 1.15 | 0.48 | 0.61 |
| Sortino ratio | 2.41 | 0.75 | 0.96 |
| Best month | +6.7% | +6.7% | +6.7% |
| Worst month | −4.0% | −4.9% | −4.9% |
| Best 12 months | +19.1% | +19.1% | +19.1% |
| Worst 12 months | +4.9% | −10.8% | −10.8% |
| Positive months | 78% | 67% | 68% |
| Beta vs S&P 500 | 0.45 | 0.46 | — |
| Correlation with S&P 500 | 0.85 | 0.91 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DMAY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 66 | −10.8% | +9.4% | +19.1% | 82% |
| 3-year (a year) | 42 | +1.8% | +6.1% | +13.8% | 100% |
| 5-year (a year) | 18 | +6.2% | +6.8% | +7.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
DMAY performance overview
FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) returned +7.6% over the past year and +6.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +7.1% a year, turning $10,000 into about $15,552. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.9%, from Apr 4, 2022 to Oct 14, 2022, and it took 1.1 years to get back to the old high. DMAY finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+15.4%) and the worst 2022 (−10.0%). Volatility has been 7.2% a year.
Related: DMAY chart. See the DMAY overview for the latest quote and fund facts.
DMAY performance FAQ
What is the DMAY return over the past year?
DMAY returned +7.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.6%.
What is the average annual return of DMAY?
DMAY has returned +6.9% a year over 5 years, +7.1% a year since May 18, 2020 (total return, distributions reinvested).
How much would $10,000 invested in DMAY be worth?
$10,000 invested in DMAY at its first recorded close on May 18, 2020 would be worth about $15,552 on October 23, 2026 with distributions reinvested.
What was the worst year for DMAY?
The worst calendar year was 2022, with a total return of −10.0%. The best was 2023 at +15.4%.
What is the biggest drawdown of DMAY?
The largest peak-to-trough decline was −13.9% between April 4, 2022 and October 14, 2022. It recovered to the old high on November 14, 2023, 1.1 years after the bottom.
How volatile is DMAY?
Over the past 3 years DMAY had an annualized volatility of 6.5% and a Sharpe ratio of 1.15 (excess return over 1–3 month T-bills per unit of risk).