FBDC vs. FDFF

Last updated Jun 24, 2026

FBDC (FT Confluence BDC & Specialty Finance Income ETF) and FDFF (Fidelity Disruptive Finance ETF) are both Financials Equities funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. FBDC charges 1.35%/yr vs 0.50%/yr for FDFF.

Performance

FBDC vs. FDFF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Fidelity Disruptive Finance ETF (FDFF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBDC achieves a -10.39% return, which is significantly lower than FDFF's -7.76% return.

FBDC

• 1D: 0.30%
• 1M: -1.24%
• YTD: -10.39%
• 6M: -8.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDFF

• 1D: -0.70%
• 1M: -1.05%
• YTD: -7.76%
• 6M: -9.14%
• 1Y: -10.47%
• 3Y*: 10.23%
• 5Y*: —
• 10Y*: —

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

FBDC vs. FDFF - Yearly Performance Comparison

	2026 (YTD)	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	-10.39%	-2.66%
FDFF Fidelity Disruptive Finance ETF	-7.76%	-5.48%

Correlation

The correlation between FBDC and FDFF is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.57

Return for Risk

FBDC vs. FDFF — Risk / Return Rank

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

FBDC

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

FDFF

FDFF Risk / Return Rank: 5
FDFF Sharpe Ratio Rank: 4
FDFF Sortino Ratio Rank: 4
FDFF Omega Ratio Rank: 4
FDFF Calmar Ratio Rank: 5
FDFF Martin Ratio Rank: 5

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.

FBDC vs. FDFF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Fidelity Disruptive Finance ETF (FDFF). 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.

	FBDC	FDFF	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.57	—
Sortino ratio: Return per unit of downside risk	—	-0.68	—
Omega ratio: Gain probability vs. loss probability	—	0.92	—
Calmar ratio: Return relative to maximum drawdown	—	-0.47	—
Martin ratio: Return relative to average drawdown	—	-0.92	—

Drawdowns

FBDC vs. FDFF - Drawdown Comparison

The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum FDFF drawdown of -23.06%. Use the drawdown chart below to compare losses from any high point for FBDC and FDFF.

Drawdown Indicators

	FBDC	FDFF	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	-23.06%	+2.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.06%	—
Current Drawdown Current decline from peak	-18.04%	-16.23%	-1.81%
Average Drawdown Average peak-to-trough decline	-10.44%	-6.49%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.41%	—

Volatility

Volatility by Period

	FBDC	FDFF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	18.40%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	19.00%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	19.00%	-1.00%

FBDC vs. FDFF - Expense Ratio Comparison

FBDC has a 1.35% expense ratio, which is higher than FDFF's 0.50% expense ratio.

Dividends

FBDC vs. FDFF - Dividend Comparison

FBDC's dividend yield for the trailing twelve months is around 11.63%, more than FDFF's 1.07% yield.

Position	TTM	2025	2024	2023
FBDC FT Confluence BDC & Specialty Finance Income ETF	11.63%	5.41%	0.00%	0.00%
FDFF Fidelity Disruptive Finance ETF	1.07%	0.86%	0.70%	0.27%

Frequently Asked Questions

Can I hold both FBDC and FDFF in my portfolio?

FBDC and FDFF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBDC or FDFF?

On fees, FDFF is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBDC or FDFF?

FDFF is cheaper with a 0.50% expense ratio, compared with 1.35% for FBDC.

Which ETF pays a higher dividend yield, FBDC or FDFF?

FBDC has the higher dividend yield at 11.63%, compared with 1.07% for FDFF.

What is the main difference between FBDC and FDFF?

They also come from different issuers: First Trust and Fidelity. Their fees differ too: 1.35% for FBDC and 0.50% for FDFF.