ProShares S&P 500 Dynamic Buffer ETF
$45.98+0.02 (+0.05%)
- 0.58%
- $3M
- +14.5%
- 1.81%
- 0M sh
- $45.96
- low $41.06high $49.67
The ETF.net FB Grade
C
Score 40 out of 100
- 4 of 7
Score 40 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.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 60
- This cap took
- −20
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.C53 out of 100Rank 4 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 1 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 4 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A78 out of 100Rank 1 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D35 out of 100Rank 5 of 7
Our read on FB
CMost buffer ETFs lock you into a 12-month outcome period. FB resets daily, using one-day S&P 500 options to set a fresh cap and cushion sized to what the market expects volatility to be.
The fund seeks participation in S&P 500 gains while mitigating daily losses and reducing volatility. It uses long exposure and one-day options on the index; daily upside caps and downside buffers are adjusted according to expected market volatility.
Why people hold it
- The reset is daily, not annual. One-day options set a new upside cap and downside buffer each session, so there's no waiting out a year-long period to start over.proshares.com
- Cap and buffer flex with expected volatility instead of being fixed for a year, tightening or widening as conditions change.proshares.com
- At 0.58%, it undercuts the typical buffer fund's fee, including BUFR at 0.95% and BAPR at 0.79%.
- Plain plumbing under the hood: long S&P 500 exposure plus index options, with quarterly distributions.
Worth knowing
- Daily buffers cushion daily moves. A slow grind lower over many sessions can still add up, since each day's protection applies only to that day.proshares.com
- Launched in 2025, so the record is short and hasn't been tested across different market regimes.
- Small and lightly traded compared with established buffer funds, which can mean wider bid-ask spreads at the point of trade.
FB Holdings
- Stocks
- 503
- 46%
- Net Other Assets (Liabilities)
Geography
- United States97.69%
- Ireland1.21%
- United Kingdom0.37%
- Switzerland0.28%
- Singapore0.27%
- Netherlands0.10%
- Bermuda0.06%
- Canada0.01%
FB 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.Not enough history yet.
FB$11,446
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 | FB |
|---|---|
| Year to date | +10.4% |
| 1 month | +1.5% |
| 3 months | +3.0% |
| 1 year | +14.5% |
| 3 years | — |
| 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 | FB |
|---|---|---|
| 2026 YTD | +10.4% | |
| 2025 | +6.7% |
FB in the news
FB Dividends
- 1.81%
- $0.83
- $0.09 per share
- Quarterly
Distribution history
FB Risk
- 3.0%
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.
- 2.46
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.
- −1.7%
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.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FB Cost
0.58%
FB0.58%
- The middle half of S&P 500 Buffer funds
- Median 0.58%
3 of the 7 S&P 500 Buffer funds charge less.
Other funds in S&P 500 Buffer
- BSWANAmplify BlackSwan Growth & Treasury Core ETFExpense ratio 0.49%1 year return +4.9%
- CQBSVAIM ETF Products Trust - AllianzIM U.S. Equity Buffer5 ETFExpense ratio 0.64%1 year return —
- CHJUNCorgi ETF Trust I - Corgi U.S. Equities 100% Structured Buffer ETF - June SeriesExpense ratio 0.30%1 year return —
- DDHSBDay Hagan Smart Buffer ETFExpense ratio 0.68%1 year return +9.1%
- DBSTPInnovator Buffer Step-Up Strategy ETFExpense ratio 0.89%1 year return +13.5%