Fidelity Dynamic Buffered Equity ETF (FBUF) Performance
FBUF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.6% since Dec 31, 2025
- 1 year
- +11.6% total return
- Since first price
- +36.3% since 2024
FBUF trailing returns vs SPY, QQQ, AGG
| Period | FBUF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.6% | +7.3% | +7.8% | +8.4% | −1.5% |
| YTD | +8.6% | +8.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.6% | +10.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 11, 2024 | +36.3% | +34.0% | — | — | — |
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: FBUF vs SPY
From Apr 11, 2024: FBUF grew to $13,632, SPY to $15,104.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FBUF returns by calendar year
1 of 1 full years positive. Best 2025 (+14.0%), worst 2025 (+14.0%). 2026 is year to date.
FBUF annual returns table
| Year | FBUF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.6% | −5.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.0% | −11.1% | +17.7% | +20.8% | +7.2% |
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.
FBUF largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −11.1% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FBUF risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +14.8% |
| Volatility (annualized) | 6.7% |
| Sharpe ratio | 1.49 |
| Sortino ratio | 2.77 |
| Best month | +4.6% |
| Worst month | −3.1% |
| Best 12 months | +20.4% |
| Worst 12 months | +9.0% |
| Positive months | 76% |
| 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.
FBUF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 19 | +9.0% | +14.0% | +20.4% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
FBUF performance overview
Fidelity Dynamic Buffered Equity ETF (FBUF) returned +11.6% over the past year, with distributions reinvested. Since its first recorded price on Apr 11, 2024 it has returned +36.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −11.1%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 6.7% a year.
Related: FBUF chart, FBUF holdings, FBUF dividends, FBUF valuation. See the FBUF overview for the latest quote and fund facts.
FBUF performance FAQ
What is the FBUF return over the past year?
FBUF returned +11.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.9%.
How much would $10,000 invested in FBUF be worth?
$10,000 invested in FBUF at its first recorded close on April 11, 2024 would be worth about $13,632 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FBUF?
The largest peak-to-trough decline was −11.1% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 27, 2025, 3 months after the bottom.
How volatile is FBUF?
Over the past history FBUF had an annualized volatility of 6.7% and a Sharpe ratio of 1.49 (excess return over 1–3 month T-bills per unit of risk).