FB ETF — ProShares Trust ProShares S&P 500 Dynamic Buffer ETF

ProShares Trust ProShares S&P 500 Dynamic Buffer ETF (FB)

Updated October 16, 2026.

FB is an ETF. its distribution rate is 0.80%, its trailing-12-month yield is 4.14%, its expense ratio is 0.58%. Dividend Vision Distribution Safety Score™ is 76/100 (Generally safe). Total return is 21.7% over the past 1.3 years, 4.7 points behind SPY at 26.4%.

ProShares S&P 500 Dynamic Buffer ETF tracks a strategy that combines a long position in the S&P 500 Index with short-term S&P 500 Index options expiring daily to manage downside risk while maintaining equity exposure. The fund has a modest current distribution rate and an expense ratio of 0.58%, with distributions on a non-regular basis. It appeals to equity investors seeking broad market participation with built-in hedging rather than traditional dividend-focused income seekers.

FB performance versus SPY

Price and return data through 2026-10-16.

Total return is 21.7% over the past 1.3 years, 4.7 points behind SPY at 26.4%. Its deepest 1-year drawdown was 1.8%.

FB key facts

Distribution Safety Score™

76 · Generally safe

Safety-Adjusted Yield

0.61%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

06/24/2025

Expense ratio

0.58%

Distribution rate

0.80%

Distribution frequency

Quarterly

Trailing yield

4.14%

Last close

$45.71 (as of 2026-10-16)

AUM

$2,759,144

Average volume

36615.0

Dividend

$0.091

Ex-dividend date

09/23/2026

Payment date

09/28/2026

Beta

0.3218

How Dividend Vision calculates yield and returns

Distribution rate (0.80%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.14%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FB risks and drawbacks

FB's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.8%.

Who may consider FB — and who may not

It is a weaker fit for investors who need monthly cash flow (FB pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FB

• All tickers starting with F

Tagged: Downside Protection, Options, Target, S&P500.

Frequently asked questions

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