BUFM vs DGJA: Grades, Fees and Holdings Compared

AB Moderate Buffer ETF

BUFMBNasdaq

FT Vest U.S. Equity Buffer & Digital Return ETF - January

DGJADCboe

Overlap

0.0%by weight

Expense ratio

BUFM −0.16pt a year

BUFM0.69%DGJA0.85%

Avg volume · 30D

BUFM 81.9×the volume

BUFM28.8KDGJA351

BUFM vs DGJA Performance

Aug 5, 2026 – Nov 5, 2026

−3.0%BUFM+0.8%DGJA

Expense ratio: BUFM 0.69%, better; DGJA 0.85%
Fund size: BUFM $493M; DGJA $5M
1Y total return: BUFM +3.6%; DGJA No data
Holdings: BUFM 5; DGJA 4
Avg volume (30D): BUFM 28.8K sh, better; DGJA 351 sh
NAV per share: BUFM $41.00; DGJA $32.44
52W range

ETF.net Grade

Pillar letters and Scores for BUFM, DGJA, with each pillar’s weight
Pillar	BUFM	DGJA
Cost30% weight	A82Higher	F11
Mission25% weight	Not scored	Not scored
Risk15% weight	C48	A81Higher
Tradability15% weight	C53Higher	D38
Holdings10% weight	Not scored	B66
Durability5% weight	C50Higher	D25

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›

Same Category. BUFM and DGJA are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds

See all 77 ›

BUFM ranks 4th and DGJA 66th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
Rank 3BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 65
Rank 4BBUFMAB Moderate Buffer ETFScore 64
Rank 4BTENDiShares Large Cap 10% Target Buffer Dec ETFScore 64
Rank 64DJULZTrueshares Structured Outcome (July) ETFScore 39
Rank 66DDGJAFT Vest U.S. Equity Buffer & Digital Return ETF - JanuaryScore 38
Rank 66DNOVZTrueShares Structured Outcome (November) ETFScore 38

Our read on each fund

ETF.net Research

BUFMBAB Moderate Buffer ETF

DGJADFT Vest U.S. Equity Buffer & Digital Return ETF - January

In short

BUFM No data

DGJA Most buffer ETFs hand you whatever the market gives, up to a cap. This one pays a flat, predetermined return if the S&P 500 ETF is up, unchanged, or down as much as 10%, with the first 10% of price losses buffered over a one-year outcome period.

Stated mandate

BUFM No data

DGJA The Fund seeks to protect the first 10% of price losses in the State Street SPDR S&P 500 ETF Trust while offering an approximately 8.52% predetermined digital return when the ETF appreciates, is unchanged, or declines by no more than 10% during the current outcome period.

Why people hold it

BUFM No data

DGJA A sideways year pays the same as an up year: the digital return is fixed at the start of the period and applies whether the S&P 500 ETF rises, sits flat, or slips up to 10%.ftportfolios.com
The first 10% of the reference ETF's price decline is absorbed by the structure before your capital takes the hit.ftportfolios.com
Terms are written down before you buy and reset each January, and First Trust runs same-index siblings with other start months for staggered entry points.

Worth knowing

BUFM No data

DGJA The upside is a flat number, not participation. A roaring market pays the same digital return, and the math follows price only, so the reference ETF's dividends sit outside it.
Buffer and digital return are engineered for a holder who owns the fund from one January reset to the next. Buy mid-period and your effective terms shift.ftportfolios.com
At 0.85% it sits at the pricier end of the buffer shelf (ZALT 0.69%, SIXJ 0.74%), and as a small, lightly traded 2026 launch, spreads add to the sticker fee.

Full BUFM profile⁠

Full DGJA profile⁠

BUFM vs DGJA Holdings

How BUFM and DGJA differ

Overlap by weight

0.0%

About this figure: DGJA holds other funds. We compare those funds, not the stocks inside them.

Level by level

Holdings0 in both0.0%
Sector11 Sectors96.6%
Countryby domicile99.98%

Sector

Sector weights in BUFM and DGJA, widest gap first
Sector	Gap	BUFM	DGJA
Technology	BUFM +1.9 points	40.1%	38.2%
Communication	BUFM +1.5 points	9.9%	8.4%
Health Care	DGJA +0.9 points	9.4%	10.3%
Financials	DGJA +0.7 points	11.3%	12.0%
Energy	DGJA +0.5 points	3.4%	3.9%
Consumer Discretionary	DGJA +0.5 points	8.7%	9.2%
Consumer Staples	DGJA +0.5 points	4.4%	4.9%
Utilities	DGJA +0.2 points	1.9%	2.1%
Real Estate	DGJA +0.1 points	1.7%	1.8%
Industrials	Same weight	7.6%	7.6%
Materials	Same weight	1.6%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in BUFM and DGJA, widest gap first
Country	Gap	BUFM	DGJA
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BUFM101.0%
DGJA180.9%

Securities held

BUFM3
DGJA3

Asset class

BUFM: Alternatives
DGJA: Multi-Asset

Holdings

Only in BUFM3
In both0
Only in DGJA3

Only in BUFM

3 securities, 100% of BUFM by weight

4SPY 12/31/26 C3.81 4SPY 12/31/26 C3.8199.14%
4SPY 12/31/26 P750.28 4SPY 12/31/26 P750.281.28%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.55%

Only in DGJA

3 securities, 100% of DGJA by weight

2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.89102.73%
2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 605.1777.06%
2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 691.630.57%

Weight gaps

BUFM and DGJA share no securities.

All BUFM holdings⁠All 6 DGJA 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.

BUFM vs DGJA Cost

Overpaying DGJA vs BUFM

$2,770

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

BUFM 0.69%
$13,429
DGJA 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

BUFM 0.69%
DGJA 0.85%
Overpaying

Year by year

Year	BUFM	DGJA	Overpaying
10	$1,232	$1,508	$276
20	$4,697	$5,706	$1,009
30	$13,429	$16,199	$2,770

Expense ratio

0.69%BUFM, cheaper
0.85%DGJA

BUFM0.69%DGJA0.85%

0.25%0.85%

Middle half of S&P 500 Buffer 9-12% funds
Median 0.79%

BUFM 14th cheapest of 77 funds

DGJA 60th cheapest of 77 funds

BUFM vs DGJA Dividends

Last 12 months to Nov 5, 2026

Payout (12M): BUFM None; DGJA None

Distribution history

BUFMAll BUFM payments⁠

No distribution history available.

DGJAAll DGJA payments⁠

No distribution history available.

BUFM vs DGJA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUFM 5.4%since Jan 2025DGJA No data
Return per unit of riskSharpe ratio, 3 years: BUFM 0.92since Jan 2025DGJA No data
Worst fallMax drawdown, 5 years: BUFM −9.4%since Dec 2024DGJA No data
Market sensitivityBeta, 5 years: BUFM 0.40DGJA 0.34; Market = 1

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