BFIX vs BLUI: Grades, Fees and Holdings Compared

Build Bond Innovation ETF

BFIXCNYSE Arca

Bluemonte Diversified Income ETF

BLUICNYSE Arca

Overlap

0.8%by weight

Expense ratio

BFIX −0.22pt a year

BFIX0.45%BLUI0.67%

Avg volume · 30D

BLUI 4.3×the volume

BFIX3.65KBLUI15.7K

BFIX vs BLUI Performance

Oct 31, 2025 – Nov 2, 2026

+1.4%BFIX+4.1%BLUI

Expense ratio: BFIX 0.45%, better; BLUI 0.67%
Fund size: BFIX $12M; BLUI $121M
1Y total return: BFIX +1.4%; BLUI +4.1%, better
Yield (12M): BFIX 3.59%; BLUI 5.24%, better
Holdings: BFIX 118; BLUI 8
Avg volume (30D): BFIX 3.65K sh; BLUI 15.7K sh, better
NAV per share: BFIX $24.78; BLUI $25.14
52W range

ETF.net Grade

Pillar letters and Scores for BFIX, BLUI, with each pillar’s weight
Pillar	BFIX	BLUI
Cost30% weight	B59Higher	C46
Mission25% weight	F5	C50Higher
Risk15% weight	C54	B63Higher
Tradability15% weight	D39	A70Higher
Holdings10% weight	C51Higher	D27
Durability5% weight	C47	B60Higher

Rank among Conservative Allocation funds

How we build Categories ›

Same Category. BFIX and BLUI are both graded against the same 7 Conservative Allocation funds, so their Grades compare head to head.

Conservative Allocation⁠

Category · 7 funds

See all 7 ›

BLUI ranks 3rd and BFIX 7th of 7 funds in the Conservative Allocation Category.

Rank 1AAOKiShares Core 30/70 Conservative Allocation ETFScore 86
Rank 2ACGMSCapital Group U.S. Multi-Sector Income ETFScore 76
Rank 3CBLUIBluemonte Diversified Income ETFScore 52
Rank 4CXRLXFundX Investment Conservative ETFScore 51
Rank 6CMFULMindful Conservative ETFScore 43
Rank 7CBFIXBuild Bond Innovation ETFScore 40

Our read on each fund

ETF.net Research

BFIXCBuild Bond Innovation ETF

BLUICBluemonte Diversified Income ETF

In short

BFIX Bonds 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.

BLUI One ticker, one job: Bluemonte's team picks other income ETFs (junk bonds, bank loans, mortgages, REITs, preferreds) and decides the mix. Actively managed since its 2025 launch, with income paid out monthly.

Stated mandate

BFIX The Fund seeks capital appreciation and risk mitigation through an actively managed portfolio combining investment-grade bonds and S&P 500 Index call options.

BLUI The Fund seeks total return and income and is actively managed. Under normal circumstances, it invests at least 80% of its assets in income-generating investments.

Why people hold it

BFIX 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.

BLUI Go-anywhere income mandate: at least 80% of assets in income generators, with the underlying funds free to hold any maturity, any credit quality, plus income-producing equities.sec.gov
A fund of ETFs, so one trade buys a spread of bond and equity-income sleeves instead of a dozen line items you rebalance yourself.sec.gov
Pays income monthly, and the manager can reshape the blend between debt and dividend payers rather than following a fixed index recipe.sec.gov

Worth knowing

BFIX 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.

BLUI Costs 0.67% net of a waiver through August 31, 2027, versus 0.72% gross. That sits above the median of the eight funds in its conservative income group.
Fund-of-funds math: the stated expenses carry the fees of the ETFs it owns on top of the manager's fee. Multi-sector rivals CGMS and MULT charge 0.39% in one layer.sec.gov
Launched June 2025 and thinly traded, so there is a short record to judge and spreads can widen. High yield and loan exposure brings credit risk.sec.gov

Full BFIX profile⁠

Full BLUI profile⁠

BFIX vs BLUI Holdings

How BFIX and BLUI differ

Overlap by weight

0.8%

Shared holdings make up 0.9% of BFIX and 0.8% of BLUI.

Level by level

Holdings0 in both0.8%
Countryby domicile98.2%

Sector

No Sector split for BFIX.

Country, concentration and asset class

Country by domicile

Country weights in BFIX and BLUI, widest gap first
Country	More in BFIXMore in BLUI	BFIX	BLUI
United States	BFIX +1.3 points	99.5%	98.2%
Luxembourg	BFIX +0.5 points	0.5%	0.0%
Other countries (12)	BLUI +1.8 points	0.0%	1.8%

Concentration

Weight in the 10 largest Holdings

BFIX59.5%
BLUI100.0%

Securities held

BFIX117
BLUI7

Asset class

BFIX: Fixed Income
BLUI: Multi-Asset

Holdings

Only in BFIX117
In both0
Only in BLUI7

Only in BFIX

117 securities, 99.1% of BFIX by weight

United States Treasury Note/Bond 4% 05/31/202810.53%
United States Treasury Note/Bond 4.25% 07/31/20289.13%
United States Treasury Note/Bond 4.125% 06/15/20297.05%
United States Treasury Note/Bond 4.125% 06/30/20316.64%
United States Treasury Note/Bond 3.875% 03/31/20285.47%
United States Treasury Note/Bond 3.5% 02/15/20295.31%
United States Treasury Note/Bond 4.625% 04/30/20294.25%
United States Treasury Note/Bond 3.75% 04/15/20284.20%
United States Treasury Note/Bond 4.125% 07/15/20294.19%
United States Treasury Note/Bond 3.375% 02/29/20282.76%
United States Treasury Note/Bond 3.5% 01/15/20291.41%
CSX Corp 3.25% 06/01/20271.38%
Analog Devices Inc 3.45% 06/15/20271.16%
United States Treasury Note/Bond 4% 03/31/20301.08%
Huntington Ingalls Industries Inc 4.2% 05/01/20301.06%
Intercontinental Exchange Inc 4% 09/15/20271.05%
Autodesk Inc 3.5% 06/15/20271.03%
Essex Portfolio LP 3.625% 05/01/20271.00%
Diamondback Energy Inc 5.2% 04/18/20270.84%
AT&T Inc 2.3% 06/01/20270.84%
Analog Devices Inc 4.5% 06/15/20300.83%
Clorox Co/The 4.4% 05/01/20290.82%
Phillips 66 Co 4.95% 12/01/20270.77%
Energy Transfer LP 4% 10/01/20270.72%
Amphenol Corp 5.05% 04/05/20270.70%
Energy Transfer LP 4.2% 04/15/20270.68%
Berkshire Hathaway Energy Co 3.25% 04/15/20280.67%
Comcast Corp 4.15% 10/15/20280.65%
Lowe's Cos Inc 3.1% 05/03/20270.65%
Intel Corp 3.75% 03/25/20270.64%
Enterprise Products Operating LLC 4.15% 10/16/20280.64%
Nucor Corp 3.95% 05/01/20280.63%
Nucor Corp 2.7% 06/01/20300.63%
El Paso Natural Gas Co LLC 7.5% 11/15/20260.60%
Waste Management Inc 4.5% 03/15/20280.59%
Nucor Corp 4.3% 05/23/20270.59%
Hershey Co/The 2.45% 11/15/20290.58%
Phillips 66 3.9% 03/15/20280.57%
Meta Platforms Inc 4.95% 05/15/20330.57%
Dollar General Corp 5% 11/01/20320.54%
Schlumberger Investment SA 4.5% 05/15/20280.52%
Lockheed Martin Corp 4.45% 05/15/20280.52%
American Honda Finance Corp 4.9% 03/12/20270.49%
First American Government Obligations Fund 12/01/20310.48%
Newmont Corp 2.8% 10/01/20290.48%
AT&T Inc 4.25% 03/01/20270.47%
Philip Morris International Inc 5.5% 09/07/20300.45%
Blackrock Inc 3.25% 04/30/20290.43%
Meta Platforms Inc 3.5% 08/15/20270.42%
Freeport-McMoRan Inc 4.125% 03/01/20280.42%

Only in BLUI

7 securities, 99.2% of BLUI by weight

Mfs Active Core Plus Bond19.51%
State Street Spdr Bloombe19.47%
Pimco Active Bon19.37%
C&S Rl Esa Etf10.87%
Global X Mlp Etf10.29%
Ft-Senior Loan9.95%
C&S Pref Ia Etf9.72%

Weight gaps

BFIX and BLUI share no securities.

All BFIX holdings⁠All 7 BLUI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BFIX vs BLUI Cost

Overpaying BLUI vs BFIX

$4,033

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BFIX 0.45%
$9,041
BLUI 0.67%
$13,074

Amount$10,000

Years30 years

Cost over time

BFIX 0.45%
BLUI 0.67%
Overpaying

Year by year

Year	BFIX	BLUI	Overpaying
10	$812	$1,198	$386
20	$3,128	$4,568	$1,440
30	$9,041	$13,074	$4,033

Expense ratio

0.45%BFIX, cheaper
0.67%BLUI

BFIX0.45%BLUI0.67%

0.15%1.80%

Middle half of Conservative Allocation funds
Median 0.67%

BFIX 3rd cheapest of 7 funds

BLUI 4th cheapest of 7 funds

BFIX vs BLUI Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BFIX 3.59%; BLUI 5.24%, better
Payout (12M): BFIX $0.89; BLUI $1.31
Last payment: BFIX $0.07; BLUI $0.10
Ex-dividend: BFIX Oct 29, 2026; BLUI Oct 28, 2026
Paid on: BFIX Oct 30, 2026; BLUI Oct 30, 2026
Frequency: BFIX Monthly; BLUI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BFIXMonthly · 46 paymentsAll BFIX payments⁠

BLUIMonthly · 16 paymentsAll BLUI payments⁠

BFIX vs BLUI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BFIX 3.2%BLUI 4.5%since Jul 2025
Return per unit of riskSharpe ratio, 3 years: BFIX 0.98BLUI 0.25since Jul 2025
Worst fallMax drawdown, 5 years: BFIX −8.0%since Feb 2022BLUI −3.7%since Jun 2025
Market sensitivityBeta, 5 years: BFIX 0.37BLUI 0.07; Market = 1

Popular comparisons

BFIXCvsAOKA
Build Bond Innovation ETF · iShares Core 30/70 Conservative Allocation ETF
Expense ratio
0.45% · 0.15%
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BLUICvsAOKA
Bluemonte Diversified Income ETF · iShares Core 30/70 Conservative Allocation ETF
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0.67% · 0.15%
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BFIXCvsCGMSA
Build Bond Innovation ETF · Capital Group U.S. Multi-Sector Income ETF
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0.45% · 0.39%
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0.67% · 0.39%
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BFIXCvsXRLXC
Build Bond Innovation ETF · FundX Investment Conservative ETF
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0.45% · 1.20%
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0.67% · 1.20%
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