FBUF vs. FDVV

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Dynamic Buffered Equity ETF (FBUF) and Fidelity High Dividend ETF (FDVV).

FBUF and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBUF is an actively managed fund by Fidelity. It was launched on Apr 9, 2024. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.

Performance

FBUF vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dynamic Buffered Equity ETF (FBUF) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

FBUF vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FBUF Fidelity Dynamic Buffered Equity ETF	-2.14%	14.01%	10.13%
FDVV Fidelity High Dividend ETF	-1.50%	17.08%	14.12%

Returns By Period

In the year-to-date period, FBUF achieves a -2.14% return, which is significantly lower than FDVV's -1.50% return.

FBUF

• 1D: 0.24%
• 1M: -3.08%
• YTD: -2.14%
• 6M: 1.02%
• 1Y: 14.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDVV

• 1D: 0.29%
• 1M: -4.85%
• YTD: -1.50%
• 6M: 0.38%
• 1Y: 15.18%
• 3Y*: 17.01%
• 5Y*: 12.74%
• 10Y*: —

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

FBUF vs. FDVV - Expense Ratio Comparison

FBUF has a 0.48% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FBUF

Fidelity Dynamic Buffered Equity ETF

FDVV

Fidelity High Dividend ETF

Return for Risk

FBUF vs. FDVV — Risk / Return Rank

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

FBUF

FBUF Risk / Return Rank: 74
FBUF Sharpe Ratio Rank: 72
FBUF Sortino Ratio Rank: 71
FBUF Omega Ratio Rank: 75
FBUF Calmar Ratio Rank: 74
FBUF Martin Ratio Rank: 77

FDVV

FDVV Risk / Return Rank: 53
FDVV Sharpe Ratio Rank: 53
FDVV Sortino Ratio Rank: 53
FDVV Omega Ratio Rank: 60
FDVV Calmar Ratio Rank: 45
FDVV Martin Ratio Rank: 53

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.

FBUF vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dynamic Buffered Equity ETF (FBUF) and Fidelity High Dividend ETF (FDVV). 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.

	FBUF	FDVV	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.00	+0.34
Sortino ratio Return per unit of downside risk	1.87	1.44	+0.43
Omega ratio Gain probability vs. loss probability	1.30	1.23	+0.07
Calmar ratio Return relative to maximum drawdown	2.13	1.23	+0.90
Martin ratio Return relative to average drawdown	9.09	5.34	+3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBUF vs. FDVV - Sharpe Ratio Comparison

The current FBUF Sharpe Ratio is 1.33, which is higher than the FDVV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FBUF and FDVV, 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

	FBUF	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.00	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.74	+0.39

Correlation

The correlation between FBUF and FDVV is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FBUF vs. FDVV - Dividend Comparison

FBUF's dividend yield for the trailing twelve months is around 0.67%, less than FDVV's 2.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FBUF Fidelity Dynamic Buffered Equity ETF	0.67%	0.64%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.99%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Drawdowns

FBUF vs. FDVV - Drawdown Comparison

The maximum FBUF drawdown since its inception was -11.09%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FBUF and FDVV.

Drawdown Indicators

	FBUF	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-11.09%	-40.25%	+29.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-12.34%	+5.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-3.96%	-6.78%	+2.82%
Average Drawdown Average peak-to-trough decline	-1.43%	-3.85%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.84%	-1.24%

Volatility

FBUF vs. FDVV - Volatility Comparison

The current volatility for Fidelity Dynamic Buffered Equity ETF (FBUF) is 3.08%, while Fidelity High Dividend ETF (FDVV) has a volatility of 4.47%. This indicates that FBUF experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBUF	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	4.47%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	6.52%	7.68%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	15.32%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.86%	14.74%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.86%	17.08%	-7.22%