FBUF ETF — Fidelity Dynamic Buffered Equity ETF

Fidelity Dynamic Buffered Equity ETF (FBUF)

Updated October 16, 2026.

FBUF is an ETF. its distribution rate is 0.54%, its trailing-12-month yield is 0.58%, its expense ratio is 0.48%. Dividend Vision Distribution Safety Score™ is 84/100 (Safe). Total return is 36.7% over the past 2.5 years, 15.0 points behind SPY at 51.7%.

Fidelity Dynamic Buffered Equity ETF is an equity fund that invests at least 80% of assets in large-cap stocks similar to those in the S&P 500 and Russell 1000 indexes, using quantitative analysis to select a broadly diversified portfolio designed to potentially outperform the S&P 500. The fund offers a modest distribution rate with quarterly distributions and carries an expense ratio of 0.48%. It appeals to investors seeking large-cap equity exposure with a quantitative selection approach and regular income.

FBUF performance versus SPY

Price and return data through 2026-10-16.

Total return is 36.7% over the past 2.5 years, 15.0 points behind SPY at 51.7%. Over the past year its total return — price change plus distributions reinvested — is 13.5%. Its deepest 1-year drawdown was 5.6%.

FBUF key facts

Distribution Safety Score™

84 · Safe

Safety-Adjusted Yield

0.45%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

04/09/2024

Expense ratio

0.48%

Distribution rate

0.54%

Distribution frequency

Quarterly

Trailing yield

0.58%

Last close

$33.47 (as of 2026-10-16)

AUM

$26,179,722

Average volume

13367.0

Dividend

$0.045

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

0.6086

How Dividend Vision calculates yield and returns

Distribution rate (0.54%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.58%) 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: Fidelity Investments; 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.

FBUF risks and drawbacks

FBUF'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 5.6%.

Who may consider FBUF — and who may not

FBUF may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FBUF 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.

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Frequently asked questions

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