Fidelity Dynamic Buffered Equity ETF (FBUF) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FBUF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FBUF
FBUF charges 0.48% annually. There are 4 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | FBUF vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | FBUF vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | FBUF vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | FBUF vs JANB | |
| PGIM S&P 500 Max Buffer ETF - September | 0.50% | — | Aug 2025 | FBUF vs PMSE |
Best Risk-Adjusted Alternatives to FBUF
FBUF has a PortfoliosLab risk / return rank of 80. There are 168 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | FBUF vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | FBUF vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | FBUF vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | FBUF vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | FBUF vs XBAP |
Top Performing FBUF Alternatives (YTD)
FBUF is at 6.28% YTD. There are 121 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | FBUF vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.68% | — | Jan 2025 | FBUF vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.02% | 214.51M | Mar 2020 | FBUF vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.77% | 568.10M | Mar 2021 | FBUF vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.67% | 2.84M | Jun 2025 | FBUF vs QB |
Lowest Volatility Alternatives to FBUF
FBUF has 8.19% 1-year volatility. There are 226 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | FBUF vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | FBUF vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | FBUF vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | FBUF vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | FBUF vs MMAX |
Lowest Drawdown Alternatives to FBUF
FBUF has a 1-year max drawdown of -5.61%. There are 182 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | FBUF vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | FBUF vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | FBUF vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | FBUF vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | FBUF vs CPSM |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 61 | 24.75% | 20.96B | Oct 2013 | FBUF vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 72 | 11.28% | 9.74B | Sep 2016 | FBUF vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -26.25% | 10.22B | Jan 2024 | FBUF vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 38 | 0.34% | 26.62B | Oct 2014 | FBUF vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 57 | 13.26% | 10.69B | Sep 2003 | FBUF vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 46 | 12.69% | 6.97B | Jun 2020 | FBUF vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 72 | 11.81% | 7.88B | Apr 2007 | FBUF vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 31 | 8.15% | 2.35B | Oct 2013 | FBUF vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -36.85% | 750.93M | Jul 2024 | FBUF vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 34 | 5.58% | 5.65B | Nov 2023 | FBUF vs FELG |
Often Compared With FBUF
Investors most often compare FBUF with FHEQ, MAXJ, VOO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare FBUF with Any Fund or Stock
Compare FBUF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FBUF with funds that move differently
Fidelity Dynamic Buffered Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FBUF.
Explore FBUF Diversifiers