RSJN vs. FBUF

Last updated Aug 2, 2026

RSJN (FT Vest U.S. Equity Equal Weight Buffer ETF - June) and FBUF (Fidelity Dynamic Buffered Equity ETF) are both Defined Outcome funds. Both are actively managed. Over the past year, RSJN returned 14.16% vs 18.24% for FBUF. Their 0.69 correlation means they have sometimes moved together and sometimes differently. RSJN charges 0.85%/yr vs 0.48%/yr for FBUF.

Performance

RSJN vs. FBUF - Performance Comparison

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

Returns By Period

In the year-to-date period, RSJN achieves a 9.14% return, which is significantly higher than FBUF's 7.24% return.

RSJN

• 1D: -0.15%
• 1M: 0.10%
• 6M: 7.16%
• YTD: 9.14%
• 1Y: 14.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.58%

FBUF

• 1D: 0.75%
• 1M: 2.45%
• 6M: 5.84%
• YTD: 7.24%
• 1Y: 18.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBUF Fidelity Dynamic Buffered Equity ETF	$219.76K	$192.41K	$264.91K
RSJN FT Vest U.S. Equity Equal Weight Buffer ETF - June	$380.62K	$3.27M	$1.24M

RSJN vs. FBUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSJN FT Vest U.S. Equity Equal Weight Buffer ETF - June	9.14%	7.86%	4.93%
FBUF Fidelity Dynamic Buffered Equity ETF	7.24%	14.01%	7.40%

Correlation

The correlation between RSJN and FBUF is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.69

The correlation between RSJN and FBUF has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

Return for Risk

RSJN vs. FBUF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSJN

RSJN Risk / Return Rank: 85
RSJN Sharpe Ratio Rank: 83
RSJN Sortino Ratio Rank: 86
RSJN Omega Ratio Rank: 84
RSJN Calmar Ratio Rank: 85
RSJN Martin Ratio Rank: 88

FBUF

FBUF Risk / Return Rank: 84
FBUF Sharpe Ratio Rank: 85
FBUF Sortino Ratio Rank: 82
FBUF Omega Ratio Rank: 86
FBUF Calmar Ratio Rank: 82
FBUF Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSJN vs. FBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Equal Weight Buffer ETF - June (RSJN) 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.

	RSJN	FBUF	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.98	-0.02
Sortino ratio: Return per unit of downside risk	2.91	2.67	+0.24
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	3.33	3.01	+0.32
Martin ratio: Return relative to average drawdown	13.51	12.57	+0.94

RSJN vs. FBUF - Sharpe Ratio Comparison

The current RSJN Sharpe Ratio is 1.97, which is comparable to the FBUF Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of RSJN and FBUF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSJN vs. FBUF - Drawdown Comparison

The maximum RSJN drawdown since its inception was -12.44%, which is greater than FBUF's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for RSJN and FBUF.

Drawdown Indicators

	RSJN	FBUF	Difference
Max Drawdown Largest peak-to-trough decline	-12.44%	-11.09%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.07%	-5.61%	+1.54%
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-1.48%	-1.34%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	1.34%	-0.34%

Volatility

RSJN vs. FBUF - Volatility Comparison

The current volatility for FT Vest U.S. Equity Equal Weight Buffer ETF - June (RSJN) is 1.74%, while Fidelity Dynamic Buffered Equity ETF (FBUF) has a volatility of 2.85%. This indicates that RSJN experiences smaller price fluctuations and is considered to be less risky than FBUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSJN	FBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	2.85%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	4.96%	6.38%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	6.93%	8.52%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.89%	9.66%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.89%	9.66%	+0.23%

RSJN vs. FBUF - Expense Ratio Comparison

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

Dividends

RSJN vs. FBUF - Dividend Comparison

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

Position	TTM	2025	2024
FBUF Fidelity Dynamic Buffered Equity ETF	0.58%	0.64%	0.54%
RSJN FT Vest U.S. Equity Equal Weight Buffer ETF - June	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSJN and FBUF in my portfolio?

RSJN and FBUF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSJN or FBUF?

FBUF has higher volatility (2.85%) compared to RSJN (1.74%). In terms of maximum drawdown, RSJN dropped -12.44% vs FBUF's -11.09%.

Which ETF is better, RSJN or FBUF?

On 1-year performance, FBUF leads with 18.24% vs 14.16% for RSJN. On fees, FBUF is cheaper at 0.48% per year. On volatility, RSJN has been the lower-risk option at 1.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSJN or FBUF?

Over the 1-year period, FBUF has performed better with a 18.24% return vs 14.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSJN or FBUF?

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

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

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

What is the main difference between RSJN and FBUF?

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

Which has better risk-adjusted returns?

FBUF currently has the higher Sharpe Ratio (1.98 vs 1.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.