ProShares S&P 500 Dynamic Buffer ETF
$45.55−0.11 (−0.23%)
- Expense ratio
- 0.58%
- Fund size
- $3M
- 1Y return
- +12.5%
- Yield · Last 12 months
- Data unavailable
- Volume · 30D
- 0M sh
- NAV per share
- $45.67
- 52W range
The ETF.net FB Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 53Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 74Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 35Category rank
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
- —
- 46%
- Net Other Assets (Liabilities)
Geography
- United States97.63%
- Ireland1.21%
- United Kingdom0.38%
- Switzerland0.30%
- Singapore0.28%
- Netherlands0.12%
- Bermuda0.07%
- 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.
Returns run to the Sep 22, 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 | +9.6% |
| 1 month | +1.4% |
| 3 months | +3.4% |
| 1 year | +12.5% |
| 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 | +9.6% | |
| 2025 | +6.7% |
FB in the news
ETF.net Research hasn’t filed on FB yet — coverage lands here as it’s written.
FB Dividends
- $0.34 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.34 |
| Mar 25, 2026 | Mar 31, 2026 | $0.16 |
| Dec 24, 2025 | Dec 31, 2025 | $0.24 |
| Sep 24, 2025 | Sep 30, 2025 | $0.14 |
FB Risk
- 3.1%
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.
- 2.30
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.
- 0.25
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
- The middle half of S&P 500 Buffer funds
- Median 0.58%
3 of the 7 S&P 500 Buffer funds charge less.