FDFF vs. FBDC
FDFF (Fidelity Disruptive Finance ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. FDFF charges 0.50%/yr vs 1.35%/yr for FBDC.
Performance
FDFF vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, FDFF achieves a -7.92% return, which is significantly higher than FBDC's -10.74% return.
FDFF
- 1D
- -0.17%
- 1M
- -1.22%
- YTD
- -7.92%
- 6M
- -9.56%
- 1Y
- -12.94%
- 3Y*
- 10.17%
- 5Y*
- —
- 10Y*
- —
FBDC
- 1D
- -0.40%
- 1M
- -1.63%
- YTD
- -10.74%
- 6M
- -9.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDFF vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDFF Fidelity Disruptive Finance ETF | -7.92% | -5.48% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.74% | -2.66% |
Correlation
The correlation between FDFF and FBDC 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 |
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Return for Risk
FDFF vs. FBDC — Risk / Return Rank
FDFF
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDFF vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| FDFF | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | — | — |
| Martin ratioReturn relative to average drawdown | -1.13 | — | — |
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Drawdowns
FDFF vs. FBDC - Drawdown Comparison
The maximum FDFF drawdown since its inception was -23.06%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for FDFF and FBDC.
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Drawdown Indicators
| FDFF | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.06% | -20.60% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -22.31% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | — | — |
Current DrawdownCurrent decline from peak | -16.37% | -18.37% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -10.47% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | — | — |
Volatility
FDFF vs. FBDC - Volatility Comparison
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Volatility by Period
| FDFF | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.39% | 17.96% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 17.96% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 17.96% | +1.02% |
FDFF vs. FBDC - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
FDFF vs. FBDC - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 1.07%, less than FBDC's 11.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.68% | 5.41% | 0.00% | 0.00% |
FDFF Fidelity Disruptive Finance ETF | 1.07% | 0.86% | 0.70% | 0.27% |
Frequently Asked Questions
FDFF and FBDC 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.
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.
FDFF is cheaper with a 0.50% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.68%, compared with 1.07% for FDFF.
They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.50% for FDFF and 1.35% for FBDC.
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