Fidelity Dynamic Buffered Equity ETF (FBUF) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to FBUF

FBUF charges 0.48% annually. Among ETFs in the Defined Outcome category, these options have the lowest expense ratios among FBUF alternatives.

Symbol	Name	Expense Ratio	Inception
SMAX	iShares Large Cap Max Buffer Sep ETF	0.50%	Sep 30, 2024	FBUF vs SMAX
DMAX	iShares Large Cap Max Buffer December ETF	0.50%	Dec 31, 2024	FBUF vs DMAX
MMAX	iShares Large Cap Max Buffer Mar ETF	0.50%	Mar 31, 2025	FBUF vs MMAX
PBFR	PGIM Laddered S&P 500 Buffer 20 ETF	0.50%	Jun 11, 2024	FBUF vs PBFR
BUFP	PGIM Laddered S&P 500 Buffer 12 ETF	0.50%	Jun 11, 2024	FBUF vs BUFP

Best Risk-Adjusted Alternatives to FBUF

Among ETFs in the Defined Outcome category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	97	Dec 1, 2024	FBUF vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	97	Feb 3, 2025	FBUF vs ZFEB
DMAX	iShares Large Cap Max Buffer December ETF	96	Dec 31, 2024	FBUF vs DMAX
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	96	Mar 3, 2025	FBUF vs ZMAR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	95	Dec 31, 2024	FBUF vs ZJAN

Top Performing FBUF Alternatives (YTD)

FBUF alternatives from the Defined Outcome category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
KAPR	Innovator Russell 2000 Power Buffer ETF - April	3.19%	Mar 31, 2020	FBUF vs KAPR
IAPR	Innovator International Developed Power Buffer ETF...	2.69%	Mar 31, 2021	FBUF vs IAPR
FMAR	FT Vest U.S. Equity Buffer ETF - March	2.16%	Mar 19, 2021	FBUF vs FMAR
BAPR	Innovator U.S. Equity Buffer ETF - April	2.08%	Mar 29, 2019	FBUF vs BAPR
PSMR	Pacer Swan SOS Moderate (April) ETF	1.94%	Mar 31, 2021	FBUF vs PSMR

Lowest Volatility Alternatives to FBUF

FBUF alternatives from the Defined Outcome category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ZMAY	Innovator Equity Defined Protection ETF - 1 Yr May	1.51%	May 1, 2025	FBUF vs ZMAY
ZJUN	Innovator Equity Defined Protection ETF - 1 Yr Jun...	1.91%	May 30, 2025	FBUF vs ZJUN
AIOO	AllianzIM U.S. Equity Buffer100 Protection ETF	1.99%	Jun 30, 2025	FBUF vs AIOO
MMAX	iShares Large Cap Max Buffer Mar ETF	2.61%	Mar 31, 2025	FBUF vs MMAX
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	2.62%	Apr 1, 2025	FBUF vs ZAPR

Lowest Drawdown Alternatives to FBUF

FBUF alternatives from the Defined Outcome category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	-1.57%	Dec 1, 2024	FBUF vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	-1.73%	Feb 3, 2025	FBUF vs ZFEB
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	-1.87%	Dec 31, 2024	FBUF vs ZJAN
ZOCT	Innovator Equity Defined Protection ETF - 1 Yr Oct...	-1.91%	Oct 1, 2024	FBUF vs ZOCT
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	-1.92%	Mar 3, 2025	FBUF vs ZMAR

Other ETFs from Fidelity

Most popular Fidelity ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	68	-7.30%	Oct 21, 2013	FBUF vs FTEC
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	60	-1.78%	Sep 12, 2016	FBUF vs FDVV
FBTC	Fidelity Wise Origin Bitcoin Trust	Cryptocurrency	6	-22.56%	Jan 11, 2024	FBUF vs FBTC
FBND	Fidelity Total Bond ETF	Intermediate Core-Plus Bond, Actively Managed	63	0.14%	Oct 6, 2014	FBUF vs FBND
ONEQ	Fidelity NASDAQ Composite Index Tracking Stock	Large Cap Growth Equities	72	-6.77%	Sep 25, 2003	FBUF vs ONEQ
FBCG	Fidelity Blue Chip Growth ETF	Large Cap Growth Equities, Actively Managed	64	-8.61%	Jun 3, 2020	FBUF vs FBCG
FETH	Fidelity Ethereum Fund	Cryptocurrency	21	-29.48%	Jul 22, 2024	FBUF vs FETH
FELC	Fidelity Enhanced Large Cap Core ETF	Large Cap Growth Equities	64	-4.71%	Apr 19, 2007	FBUF vs FELC
FUTY	Fidelity MSCI Utilities Index ETF	Utilities Equities	70	7.67%	Oct 21, 2013	FBUF vs FUTY
FELG	Fidelity Enhanced Large Cap Growth ETF	Large Cap Growth Equities	53	-10.02%	Nov 20, 2023	FBUF vs FELG

Often Compared With FBUF

What investors most often compare with FBUF, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FHEQ	Fidelity Hedged Equity ETF	Equity Hedged	63	-4.63%	Apr 9, 2024	FBUF vs FHEQ
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	FBUF vs VOO
MAXJ	iShares Large Cap Max Buffer Jun ETF	Equity Hedged	91	-0.12%	Jun 28, 2024	FBUF vs MAXJ
XCLR	Global X S&P 500 Collar 95-110 ETF	Equity Hedged, S&P 500	53	-5.35%	Aug 25, 2021	FBUF vs XCLR
HEQT	Simplify Hedged Equity ETF	Options Trading	82	-1.40%	Nov 1, 2021	FBUF vs HEQT
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	Defined Outcome	86	1.71%	Mar 31, 2020	FBUF vs NAPR
DAUG	FT Vest U.S. Equity Deep Buffer ETF - August	Defined Outcome	76	-1.78%	Nov 6, 2019	FBUF vs DAUG
ZNOV	Innovator Equity Defined Protection ETF - 1 Yr Nov...	Defined Outcome	88	-0.47%	Oct 31, 2024	FBUF vs ZNOV
DAPR	FT Vest U.S. Equity Deep Buffer ETF - April	Defined Outcome	41	1.06%	Apr 16, 2021	FBUF vs DAPR
DOCT	FT Vest U.S. Equity Deep Buffer ETF - October	Defined Outcome	83	-1.95%	Oct 16, 2020	FBUF vs DOCT
BUFD	FT Vest Laddered Deep Buffer ETF	Defined Outcome	81	-0.85%	Jan 20, 2021	FBUF vs BUFD
UMAY	Innovator U.S. Equity Ultra Buffer ETF - May	Defined Outcome	58	0.66%	Apr 30, 2020	FBUF vs UMAY
FFEB	FT Vest U.S. Equity Buffer ETF - February	Defined Outcome	73	-1.36%	Feb 21, 2020	FBUF vs FFEB
IVVM	iShares Large Cap Moderate Buffer ETF	Options Trading	64	-1.95%	Jun 28, 2023	FBUF vs IVVM
KAUG	Innovator U.S. Small Cap Power Buffer ETF	Defined Outcome	58	1.05%	Jul 31, 2024	FBUF vs KAUG
ZJUL	Innovator Equity Defined Protection ETF - 1 Yr Jul...	Defined Outcome	88	0.02%	Jun 28, 2024	FBUF vs ZJUL
EAPR	Innovator Emerging Markets Power Buffer ETF - Apri...	Defined Outcome	85	0.61%	Mar 31, 2021	FBUF vs EAPR
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	77	-0.90%	Oct 20, 2016	FBUF vs BUFF
FDEC	FT Vest U.S. Equity Buffer ETF - December	Defined Outcome	72	-2.86%	Dec 18, 2020	FBUF vs FDEC
PNOV	Innovator U.S. Equity Power Buffer ETF - November	Defined Outcome	61	-2.20%	Nov 1, 2019	FBUF vs PNOV

Compare FBUF with Any Fund or Stock

Compare FBUF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Fidelity Dynamic Buffered Equity ETF

Symbol name