DGJA vs. FBUF

Last updated Jul 22, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and FBUF (Fidelity Dynamic Buffered Equity ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. DGJA charges 0.85%/yr vs 0.48%/yr for FBUF.

Performance

DGJA vs. FBUF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and Fidelity Dynamic Buffered Equity ETF (FBUF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: 0.08%
• 1M: 0.63%
• 6M: 4.93%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FBUF

• 1D: 0.69%
• 1M: 1.73%
• 6M: 7.71%
• YTD: 6.62%
• 1Y: 16.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.87%

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

DGJA vs. FBUF - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.50%
FBUF Fidelity Dynamic Buffered Equity ETF	6.06%

Correlation

The correlation between DGJA and FBUF is 0.88, 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 Jan 20, 2026	0.88

Return for Risk

DGJA vs. FBUF — Risk / Return Rank

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

DGJA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FBUF

FBUF Risk / Return Rank: 82
FBUF Sharpe Ratio Rank: 83
FBUF Sortino Ratio Rank: 80
FBUF Omega Ratio Rank: 86
FBUF Calmar Ratio Rank: 77
FBUF Martin Ratio Rank: 84

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.

DGJA vs. FBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) 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.

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.

	DGJA	FBUF	Difference
Sharpe ratio: Return per unit of total volatility	—	2.02	—
Sortino ratio: Return per unit of downside risk	—	2.72	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	2.96	—
Martin ratio: Return relative to average drawdown	—	12.41	—

Drawdowns

DGJA vs. FBUF - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum FBUF drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for DGJA and FBUF.

Drawdown Indicators

	DGJA	FBUF	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-11.09%	+7.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.61%	—
Current Drawdown Current decline from peak	-0.03%	-0.08%	+0.05%
Average Drawdown Average peak-to-trough decline	-0.47%	-1.35%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.34%	—

Volatility

Volatility by Period

	DGJA	FBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.31%	8.25%	-2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.31%	9.61%	-4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.31%	9.61%	-4.30%

DGJA vs. FBUF - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is higher than FBUF's 0.48% expense ratio.

Dividends

DGJA vs. FBUF - Dividend Comparison

DGJA has not paid dividends to shareholders, while FBUF's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	0.00%	0.00%	0.00%
FBUF Fidelity Dynamic Buffered Equity ETF	0.58%	0.64%	0.54%

Frequently Asked Questions

Can I hold both DGJA and FBUF in my portfolio?

DGJA and FBUF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGJA or FBUF?

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.

Which ETF is cheaper, DGJA or FBUF?

FBUF is cheaper with a 0.48% expense ratio, compared with 0.85% for DGJA.

Which ETF pays a higher dividend yield, DGJA or FBUF?

FBUF has the higher dividend yield at 0.58%, compared with 0.00% for DGJA.

What is the main difference between DGJA and FBUF?

They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.85% for DGJA and 0.48% for FBUF.