FT Confluence BDC & Specialty Finance Income ETF (FBDC)

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The chart shows the growth of an initial investment of $10,000 in FT Confluence BDC & Specialty Finance Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Based on dividend-adjusted daily data since Jun 30, 2025, FBDC's average daily return is -0.06%, while the average monthly return is -1.32%.

Historically, 56% of months were positive and 44% were negative. The best month was Jul 2025 with a return of +2.3%, while the worst month was Feb 2026 at -11.2%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.

On a daily basis, FBDC closed higher 47% of trading days. The best single day was Oct 13, 2025 with a return of +3.1%, while the worst single day was Feb 27, 2026 at -3.6%.

FT Confluence BDC & Specialty Finance Income ETF has an annualized alpha of -18.81%, beta of 0.69, and R² of 0.23 versus S&P 500 Index. Calculated based on daily prices since July 01, 2025.

• This ETF participated in 141.98% of S&P 500 Index downside but only -27.48% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.69 may look defensive, but with R² of 0.23 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.23 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FBDC has a high expense ratio of 13.69%, indicating above-average management fees.

The table below present risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and compare them to a chosen benchmark (S&P 500 Index).

FT Confluence BDC & Specialty Finance Income ETF provided a 9.28% dividend yield over the last twelve months, with an annual payout of $1.58 per share.

The table displays the monthly dividend distributions for FT Confluence BDC & Specialty Finance Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the FT Confluence BDC & Specialty Finance Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the FT Confluence BDC & Specialty Finance Income ETF was 20.60%, occurring on Mar 27, 2026. The portfolio has not yet recovered.

The current FT Confluence BDC & Specialty Finance Income ETF drawdown is 17.57%.

The chart below shows the rolling one-month volatility.