FT Confluence BDC & Specialty Finance Income ETF (FBDC) Performance
FBDC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −8.4% since Dec 31, 2025
- 1 year
- −5.2% total return
- Since first price
- −9.8% since 2025
FBDC trailing returns vs SPY, QQQ, AGG
| Period | FBDC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.1% | −5.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.1% | −2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.8% | −7.1% | +7.8% | +8.4% | −1.5% |
| YTD | −8.4% | −16.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.2% | −16.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 30, 2025 | −9.8% | −22.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FBDC vs SPY
From Jun 30, 2025: FBDC grew to $9,020, SPY to $12,467.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FBDC returns by calendar year
2026 is year to date.
FBDC annual returns table
| Year | FBDC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −8.4% | −15.4% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FBDC largest drawdowns
Now 15.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2025 | −19.9% | Mar 27, 2026 | not yet | 8 months | 1.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FBDC risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −5.2% |
| Volatility (annualized) | 17.2% |
| Sharpe ratio | -0.44 |
| Sortino ratio | -0.56 |
| Best month | +7.7% |
| Worst month | −11.2% |
| Best 12 months | −3.3% |
| Worst 12 months | −10.7% |
| Positive months | 53% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FBDC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −10.7% | −5.8% | −3.3% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
FBDC performance overview
FT Confluence BDC & Specialty Finance Income ETF (FBDC) returned −5.2% over the past year, with distributions reinvested. Since its first recorded price on Jun 30, 2025 it has returned −9.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.9%, from Jul 17, 2025 to Mar 27, 2026; the fund has not yet regained that high. Volatility has been 17.2% a year.
Related: FBDC chart, FBDC holdings, FBDC dividends, FBDC valuation. See the FBDC overview for the latest quote and fund facts.
FBDC performance FAQ
What is the FBDC return over the past year?
FBDC returned −5.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.1%.
How much would $10,000 invested in FBDC be worth?
$10,000 invested in FBDC at its first recorded close on June 30, 2025 would be worth about $9,020 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FBDC?
The largest peak-to-trough decline was −19.9% between July 17, 2025 and March 27, 2026. It has not yet recovered to that high; it is 15.4% below its peak.
How volatile is FBDC?
Over the past history FBDC had an annualized volatility of 17.2% and a Sharpe ratio of -0.44 (excess return over 1–3 month T-bills per unit of risk).