BGLD vs. FBUF

Last updated Apr 1, 2026

Compare and contrast key facts about FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) and Fidelity Dynamic Buffered Equity ETF (FBUF).

BGLD and FBUF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BGLD is an actively managed fund by FT Vest. It was launched on Jan 20, 2021. FBUF is an actively managed fund by Fidelity. It was launched on Apr 9, 2024.

Performance

BGLD vs. FBUF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) and Fidelity Dynamic Buffered Equity ETF (FBUF). The values are adjusted to include any dividend payments, if applicable.

BGLD vs. FBUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	0.18%	33.03%	13.82%
FBUF Fidelity Dynamic Buffered Equity ETF	-2.37%	14.01%	10.13%

Returns By Period

In the year-to-date period, BGLD achieves a 0.18% return, which is significantly higher than FBUF's -2.37% return.

BGLD

• 1D: 2.63%
• 1M: -6.42%
• YTD: 0.18%
• 6M: 2.66%
• 1Y: 16.42%
• 3Y*: 20.21%
• 5Y*: 12.18%
• 10Y*: —

FBUF

• 1D: 1.51%
• 1M: -3.11%
• YTD: -2.37%
• 6M: 0.90%
• 1Y: 14.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGLD vs. FBUF - Expense Ratio Comparison

BGLD has a 0.91% expense ratio, which is higher than FBUF's 0.48% expense ratio.

BGLD

FT Vest Gold Strategy Quarterly Buffer ETF

FBUF

Fidelity Dynamic Buffered Equity ETF

Return for Risk

BGLD vs. FBUF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGLD

BGLD Risk / Return Rank: 74
BGLD Sharpe Ratio Rank: 77
BGLD Sortino Ratio Rank: 77
BGLD Omega Ratio Rank: 76
BGLD Calmar Ratio Rank: 63
BGLD Martin Ratio Rank: 77

FBUF

FBUF Risk / Return Rank: 78
FBUF Sharpe Ratio Rank: 74
FBUF Sortino Ratio Rank: 74
FBUF Omega Ratio Rank: 78
FBUF Calmar Ratio Rank: 79
FBUF Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGLD vs. FBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) 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.

	BGLD	FBUF	Difference
Sharpe ratio Return per unit of total volatility	1.37	1.33	+0.04
Sortino ratio Return per unit of downside risk	1.89	1.87	+0.02
Omega ratio Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio Return relative to maximum drawdown	1.51	2.16	-0.65
Martin ratio Return relative to average drawdown	7.80	9.34	-1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGLD vs. FBUF - Sharpe Ratio Comparison

The current BGLD Sharpe Ratio is 1.37, which is comparable to the FBUF Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of BGLD and FBUF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BGLD	FBUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.33	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	1.11	-0.03

Correlation

The correlation between BGLD and FBUF is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BGLD vs. FBUF - Dividend Comparison

BGLD's dividend yield for the trailing twelve months is around 44.24%, more than FBUF's 0.67% yield.

	TTM	2025	2024	2023	2022
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	44.24%	44.32%	25.04%	10.49%	0.40%
FBUF Fidelity Dynamic Buffered Equity ETF	0.67%	0.64%	0.54%	0.00%	0.00%

Drawdowns

BGLD vs. FBUF - Drawdown Comparison

The maximum BGLD drawdown since its inception was -16.19%, which is greater than FBUF's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for BGLD and FBUF.

Drawdown Indicators

	BGLD	FBUF	Difference
Max Drawdown Largest peak-to-trough decline	-16.19%	-11.09%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.11%	-6.81%	-4.30%
Max Drawdown (5Y) Largest decline over 5 years	-16.19%	—	—
Current Drawdown Current decline from peak	-7.35%	-4.18%	-3.17%
Average Drawdown Average peak-to-trough decline	-3.54%	-1.42%	-2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.58%	+0.57%

Volatility

BGLD vs. FBUF - Volatility Comparison

FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) has a higher volatility of 6.83% compared to Fidelity Dynamic Buffered Equity ETF (FBUF) at 3.11%. This indicates that BGLD's price experiences larger fluctuations and is considered to be riskier than FBUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGLD	FBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	3.11%	+3.72%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	6.52%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	10.77%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.88%	9.87%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.87%	9.87%	0.00%