BFLB vs. FBUF
BFLB (BufferLABS US Equity Dynamic Buffer ETF) and FBUF (Fidelity Dynamic Buffered Equity ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. BFLB charges 0.79%/yr vs 0.48%/yr for FBUF.
Performance
BFLB vs. FBUF - Performance Comparison
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Returns By Period
In the year-to-date period, BFLB achieves a 6.52% return, which is significantly higher than FBUF's 5.32% return.
BFLB
- 1D
- -0.08%
- 1M
- 2.53%
- YTD
- 6.52%
- 6M
- 7.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBUF
- 1D
- -0.12%
- 1M
- 2.85%
- YTD
- 5.32%
- 6M
- 6.28%
- 1Y
- 19.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFLB vs. FBUF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFLB BufferLABS US Equity Dynamic Buffer ETF | 6.52% | 1.73% |
FBUF Fidelity Dynamic Buffered Equity ETF | 5.32% | 3.03% |
Correlation
The correlation between BFLB and FBUF is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.91 |
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Return for Risk
BFLB vs. FBUF — Risk / Return Rank
BFLB
FBUF
BFLB vs. FBUF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BufferLABS US Equity Dynamic Buffer ETF (BFLB) and Fidelity Dynamic Buffered Equity ETF (FBUF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BFLB | FBUF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 1.47 | +0.24 |
Drawdowns
BFLB vs. FBUF - Drawdown Comparison
The maximum BFLB drawdown since its inception was -5.14%, smaller than the maximum FBUF drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for BFLB and FBUF.
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Drawdown Indicators
| BFLB | FBUF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -11.09% | +5.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.61% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.22% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.38% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.25% | — |
Volatility
BFLB vs. FBUF - Volatility Comparison
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Volatility by Period
| BFLB | FBUF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 7.49% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 9.55% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 9.55% | -1.79% |
BFLB vs. FBUF - Expense Ratio Comparison
BFLB has a 0.79% expense ratio, which is higher than FBUF's 0.48% expense ratio.
Dividends
BFLB vs. FBUF - Dividend Comparison
BFLB has not paid dividends to shareholders, while FBUF's dividend yield for the trailing twelve months is around 0.63%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BFLB BufferLABS US Equity Dynamic Buffer ETF | 0.00% | 0.00% | 0.00% |
FBUF Fidelity Dynamic Buffered Equity ETF | 0.63% | 0.64% | 0.54% |
Frequently Asked Questions
With a correlation of 0.91, BFLB and FBUF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FBUF is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBUF is cheaper with a 0.48% expense ratio, compared with 0.79% for BFLB.
FBUF has the higher dividend yield at 0.63%, compared with 0.00% for BFLB.
They also come from different issuers: BufferLABS and Fidelity. Their fees differ too: 0.79% for BFLB and 0.48% for FBUF.
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