BUFM vs FHDG: Grades, Fees and Holdings Compared

AB Moderate Buffer ETF

BUFMBNasdaq

FT Vest U.S. Equity Quarterly Dynamic Buffer ETF

FHDGDCboe

Overlap

0.0%by weight

Expense ratio

BUFM −0.16pt a year

BUFM0.69%FHDG0.85%

Avg volume · 30D

BUFM 3.4×the volume

BUFM28.8KFHDG8.42K

BUFM vs FHDG Performance

Nov 5, 2025 – Nov 5, 2026

+3.6%BUFM+10.0%FHDG

Expense ratio: BUFM 0.69%, better; FHDG 0.85%
Fund size: BUFM $493M; FHDG $71M
1Y total return: BUFM +3.6%; FHDG +10.0%, better
Holdings: BUFM 5; FHDG 3
Avg volume (30D): BUFM 28.8K sh, better; FHDG 8.42K sh
NAV per share: BUFM $41.00; FHDG $37.32
52W range

ETF.net Grade

Pillar letters and Scores for BUFM, FHDG, with each pillar’s weight
Pillar	BUFM	FHDG
Cost30% weight	A82Higher	F11
Mission25% weight	Not scored	Not scored
Risk15% weight	C48	A76Higher
Tradability15% weight	C53Higher	C45
Holdings10% weight	Not scored	B58
Durability5% weight	C50Higher	C46

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

How we build Categories ›

Same Category. BUFM and FHDG 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 FHDG 64th 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 58CXTRGlobal X S&P 500 Tail Risk ETFScore 40
Rank 64DFHDGFT Vest U.S. Equity Quarterly Dynamic Buffer ETFScore 39
Rank 64DJULZTrueshares Structured Outcome (July) ETFScore 39

Our read on each fund

ETF.net Research

BUFMBAB Moderate Buffer ETF

FHDGDFT Vest U.S. Equity Quarterly Dynamic Buffer ETF

In short

BUFM No data

FHDG Most buffer funds lock in one cushion for a full year. FHDG resets every three months and lets the cushion itself flex between 5.0% and 7.5% of S&P 500 losses, with a fresh upside cap set each period.

Stated mandate

BUFM No data

FHDG The Fund seeks to track the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to an upside cap, while dynamically buffering either 5.0% or 7.5% of losses over approximately three months.

Why people hold it

BUFM No data

FHDG The buffer isn't fixed. Each roughly three-month period opens with either 5.0% or 7.5% of downside absorbed, sized to what the options market can fund at the time.ftportfolios.com
Quarterly resets mean four fresh starts a year, so one awkward entry point doesn't set the terms for the next twelve months.
The reference is the SPDR S&P 500 ETF Trust, before fees and expenses. No bespoke index to decode, just the benchmark most investors already track.
Sits in the upper half of a crowded shallow-buffer peer group, helped by day-to-day tradability that holds up against bigger names.

Worth knowing

BUFM No data

FHDG At 0.85% a year it runs above the typical fund in its buffer cohort, and above shallow-buffer alternatives like ZALT (0.69%) and BUFB (0.10%).
The cap is reset each period, losses past the 5.0% or 7.5% buffer pass through in full, and the reference is a price return, so dividends don't come along.ftportfolios.com
Launched in late 2024, so the history is short, and the buffer math only lands as designed for holders who own it from one period start to the next.

Full BUFM profile⁠

Full FHDG profile⁠

BUFM vs FHDG Holdings

How BUFM and FHDG differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors96.6%
Countryby domicile100%

Sector

Sector weights in BUFM and FHDG, widest gap first
Sector	Gap	BUFM	FHDG
Technology	BUFM +1.9 points	40.1%	38.2%
Communication	BUFM +1.5 points	9.9%	8.4%
Health Care	FHDG +0.9 points	9.4%	10.3%
Financials	FHDG +0.7 points	11.3%	12.0%
Energy	FHDG +0.5 points	3.4%	3.9%
Consumer Discretionary	FHDG +0.5 points	8.7%	9.2%
Consumer Staples	FHDG +0.5 points	4.4%	4.9%
Utilities	FHDG +0.2 points	1.9%	2.1%
Real Estate	FHDG +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 FHDG, widest gap first
Country	Gap	BUFM	FHDG
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%
FHDG100.2%

Securities held

BUFM3
FHDG2

Asset class

BUFM: Alternatives
FHDG: Multi-Asset

Holdings

Only in BUFM3
In both0
Only in FHDG2

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 FHDG

2 securities, 99.2% of FHDG by weight

2026-11-20 State Street® SPDR® S&P 500® ETF Trust C 7.6698.21%
2026-11-20 State Street® SPDR® S&P 500® ETF Trust P 765.720.97%

Weight gaps

BUFM and FHDG share no securities.

All BUFM holdings⁠All 4 FHDG 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 FHDG Cost

Overpaying FHDG vs BUFM

$2,770

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

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

Amount$10,000

Years30 years

Cost over time

BUFM 0.69%
FHDG 0.85%
Overpaying

Year by year

Year	BUFM	FHDG	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%FHDG

BUFM0.69%FHDG0.85%

0.25%0.85%

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

BUFM 14th cheapest of 77 funds

FHDG 60th cheapest of 77 funds

BUFM vs FHDG Dividends

Last 12 months to Nov 5, 2026

Payout (12M): BUFM None; FHDG None

Distribution history

BUFMAll BUFM payments⁠

No distribution history available.

FHDGAll FHDG payments⁠

No distribution history available.

BUFM vs FHDG 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 2025FHDG 5.6%since Dec 2024
Return per unit of riskSharpe ratio, 3 years: BUFM 0.92since Jan 2025FHDG 1.02since Dec 2024
Worst fallMax drawdown, 5 years: BUFM −9.4%since Dec 2024FHDG −14.0%since Nov 2024
Market sensitivityBeta, 5 years: BUFM 0.40FHDG 0.44; Market = 1

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