- Issuer
- Fidelity
- Inception Date
- Apr 9, 2024
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 7K
- Avg. Volume Value (1M)
- $233.77K
Share Price Chart
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Performance
FBUF Performance Chart
Fidelity Dynamic Buffered Equity ETF (FBUF) is up 6.4% since the beginning of the year. FBUF is currently trading at $33 per share.
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Returns By Period
Fidelity Dynamic Buffered Equity ETF (FBUF) has returned 6.44% so far this year and 15.99% over the past 12 months.
Fidelity Dynamic Buffered Equity ETF
- 1D
- 1.28%
- 1M
- 1.55%
- 6M
- 4.89%
- YTD
- 6.44%
- 1Y
- 15.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.63%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
FBUF Monthly Returns History
Based on dividend-adjusted daily data since Apr 11, 2024, FBUF's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2026 with a return of +4.6%, while the worst month was Mar 2025 at -3.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FBUF closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +4.8%, while the worst single day was Apr 3, 2025 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32% | -0.56% | -3.11% | 4.64% | 3.12% | -0.51% | 1.55% | 6.44% | |||||
| 2025 | 1.84% | -1.25% | -3.11% | -0.72% | 3.10% | 3.63% | 1.26% | 2.36% | 2.98% | 1.84% | 0.12% | 1.35% | 14.01% |
| 2024 | -1.84% | 2.62% | 2.41% | 0.68% | 1.35% | 1.53% | 0.61% | 4.11% | -1.24% | 10.55% |
Benchmark Metrics
Fidelity Dynamic Buffered Equity ETF has an annualized alpha of 3.41%, beta of 0.58, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since April 11, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (60.57%) than losses (43.46%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.41% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.58 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.41%
- Beta
- 0.58
- R²
- 0.91
- Upside Capture
- 60.57%
- Downside Capture
- 43.46%
Expense Ratio
FBUF has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FBUF ranks 83 for risk / return — above 83% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Dynamic Buffered Equity ETF (FBUF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBUF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 1.86 | +1.00 |
| Martin ratioReturn relative to average drawdown | 11.92 | 7.90 | +4.02 |
Dividends
Dividend History
Fidelity Dynamic Buffered Equity ETF provided a 0.58% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.19 | $0.20 | $0.15 |
Dividend yield | 0.58% | 0.64% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Dynamic Buffered Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.11 | |||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.20 |
| 2024 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.15 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Dynamic Buffered Equity 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 Fidelity Dynamic Buffered Equity ETF was 11.09%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current Fidelity Dynamic Buffered Equity ETF drawdown is 0.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-11.09%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-5.61%Mar 2026 | 1mo 25d | 1mo 1d | 2mo 26dFeb 2026 - Apr 2026 | — |
-4.66%Aug 2024 | 21d | 20d | 1mo 11dJul 2024 - Aug 2024 | — |
-3.43%Jun 2026 | 8d | 26d | 1mo 4dJun 2026 - Jul 2026 | — |
-3.31%Nov 2025 | 7d | 13d | 20dNov 2025 - Dec 2025 | — |
Drawdown Indicators
| FBUF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.09% | -56.78% | +45.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.61% | -9.10% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.26% | -2.26% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -10.70% | +9.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.14% | -0.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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