Build Bond Innovation ETF
$24.75+0.07 (+0.26%)
- 0.45%
- $12M
- +0.9%
- 3.62%
- 0M sh
- $24.70
- low $24.59high $25.75
The ETF.net BFIX Grade
C
Score 42 out of 100
- 7 of 8
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B58 out of 100Rank 4 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.F14 out of 100Rank 8 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 5 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 5 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C40 out of 100Rank 6 of 8Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 6 of 8
Our read on BFIX
CBonds with a stock-market kicker. BFIX pairs an actively managed investment-grade bond portfolio with S&P 500 call options, chasing capital appreciation and risk mitigation in one wrapper. Distributions land monthly.
The Fund seeks capital appreciation and risk mitigation through an actively managed portfolio combining investment-grade bonds and S&P 500 Index call options.
Why people hold it
- The structure is the whole idea: bonds carry the portfolio, S&P 500 call options carry the equity exposure. Upside participation comes from option premium, not from owning the stocks.
- At 0.45% it sits exactly at the median for conservative multi-asset funds, and roughly a third the cost of high-fee cohort rivals XRLX and MFUL.
- Actively run rather than index-tracking, so the bond sleeve and the option sleeve can be reshaped as rates and volatility shift.
- Trading since February 2022, so there is real-money history behind the bonds-plus-calls design instead of a backtest.
Worth knowing
- A small, thinly traded fund. Spreads can run wider and big orders are harder to work than in the category's largest names.
- Call options expire. When the S&P 500 stays flat, the premium spent on the upside sleeve is a cost the bond side has to absorb.
- Inside its conservative multi-asset cohort it lands in the bottom quartile overall, where plainer, cheaper blends such as CGMS and BLUI rate more strongly.
BFIX Holdings
- Bonds
- 123
- 59%
- United States Treasury Note/Bond 4% 05/31/2028
BFIX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BFIX$10,087
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BFIX |
|---|---|
| Year to date | +0.3% |
| 1 month | 0.0% |
| 3 months | −0.6% |
| 1 year | +0.9% |
| 3 years | +7.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BFIX |
|---|---|---|
| 2026 YTD | +0.3% | |
| 2025 | +5.9% | |
| 2024 | +12.9% | |
| 2023 | +5.0% | |
| 2022 | −6.8% |
BFIX in the news
BFIX Dividends
- 3.62%
- $0.89
- $0.09 per share
- Monthly
Distribution history
BFIX Risk
- 3.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.87
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BFIX Cost
0.45%
BFIX0.45%
- The middle half of Conservative Allocation funds
- Median 0.63%
3 of the 8 Conservative Allocation funds charge less.
Other funds in Conservative Allocation
- CMULTFranklin Multisector Income ETFExpense ratio 0.39%1 year return +1.0%
- CBLUIBluemonte Diversified Income ETFExpense ratio 0.80%1 year return +3.8%
- CXRLXFundX Investment Conservative ETFExpense ratio 1.20%1 year return +10.4%
- CTHRVProspera Income ETFExpense ratio 1.20%1 year return +1.2%
- DMFULMindful Conservative ETFExpense ratio 2.35%1 year return +2.3%