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BUFM vs XTR

AB Moderate Buffer ETF

BUFMBNasdaq

Global X S&P 500 Tail Risk ETF

XTRCNYSE Arca

Overlap

0.0%by weight

Expense ratio

XTR −0.44pt a year

BUFM0.69%XTR0.25%

Avg volume · 30D

BUFM 17.9×the volume

BUFM29.4KXTR1.64K

BUFM vs XTR Performance

Oct 31, 2025 – Oct 30, 2026

+5.2%BUFM+7.9%XTR

Oct 31, 2025 to Oct 30, 2026. BUFM +5.2%. XTR +7.9%. Use the arrow keys to read each point.−5%0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
BUFM 0.69%
XTR 0.25%, better
Fund size
BUFM $493M
XTR $5M
1Y total return
BUFM +5.2%
XTR +7.9%, better
Yield (12M)
BUFM No data
XTR 16.45%
Holdings
BUFM 5
XTR 506
Avg volume (30D)
BUFM 29.4K sh, better
XTR 1.64K sh
NAV per share
BUFM $40.64
XTR $28.54
52W range

ETF.net Grade

BUFM: Cost 82, Risk 47, Mission not scored, Tradability 53, Holdings not scored, Durability 52. XTR: Cost 100, Risk 18, Mission not scored, Tradability 13, Holdings 85, Durability 46.
Pillar letters and Scores for BUFM, XTR, with each pillar’s weight
PillarBUFMXTR
Cost30% weightA82A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47HigherF18
Tradability15% weightC53HigherF13
Holdings10% weightNot scoredA85
Durability5% weightC52HigherC46

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

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BUFM and XTR 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 5th and XTR 57th of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 4BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 65
  2. Rank 5BBUFMAB Moderate Buffer ETFScore 64
  3. Rank 5BJANPPGIM S&P 500 Buffer 12 ETF - JanuaryScore 64
  4. Rank 57CXIDEFT Vest U.S. Equity Buffer & Premium Income ETF - DecemberScore 40
  5. Rank 57CXTRGlobal X S&P 500 Tail Risk ETFScore 40
  6. Rank 64DJULZTrueshares Structured Outcome (July) ETFScore 39

Our read on each fund

ETF.net Research

BUFMBAB Moderate Buffer ETF

XTRCGlobal X S&P 500 Tail Risk ETF

In short

BUFM No data

XTR Most downside-protection ETFs sell away your upside to pay for it. XTR pays cash instead: it owns the S&P 500 stocks and buys 10% out-of-the-money puts every quarter, leaving the upside uncapped.

Stated mandate

BUFM No data

XTR The Fund seeks to track the performance of the Cboe S&P 500 Tail Risk Index before fees and expenses.

Why people hold it

BUFM No data

  • XTR No cap on the gains. The hedge is bought with cash rather than funded by selling calls, so index rallies come through less the put premium and fees.sec.gov
  • Costs 0.25%, well under half of what the defined-outcome funds it competes with typically charge for downside protection.
  • Owns the roughly 500 S&P 500 stocks themselves, with the put position layered on top, rather than wrapping the index in a stack of options.sec.gov
  • Rules-based and mechanical: puts are bought at 10% below the prevailing index level each quarter and held to expiration, with no manager guessing at timing.sec.gov

Worth knowing

BUFM No data

  • XTR Protection starts about 10% down and resets quarterly, so garden-variety dips are absorbed in full and the gap widens if the market rallies mid-quarter.sec.gov
  • Insurance is not free. The quarterly premium is a steady cost against plain index exposure, and in calm markets the puts expire worthless.sec.gov
  • A small fund that trades thinly, so limit orders matter and subscale products carry more risk of being closed than the category's giants.

Full BUFM profile⁠

Full XTR profile⁠

BUFM vs XTR Holdings

As of

How BUFM and XTR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BUFM and 0.0% of XTR.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%
  • Sector11 Sectors99.6%

Sector

Sector weights in BUFM and XTR, widest gap first
SectorMore in BUFMMore in XTR
TechnologyXTR +0.4 points
Health CareBUFM +0.2 points
IndustrialsBUFM +0.1 points
FinancialsBUFM +0.1 points
Consumer StaplesBUFM +0.1 points
Real EstateSame weight
CommunicationXTR +0.1 points
Consumer DiscretionarySame weight
EnergySame weight
UtilitiesSame weight
MaterialsSame weight

Country, concentration and asset class

Country by domicile

Country weights in BUFM and XTR, widest gap first
CountryMore in BUFMMore in XTR
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • BUFM101.2%
  • XTR38.9%

Securities held

  • BUFM3
  • XTR505

Asset class

BUFM
Alternatives
XTR
Equity

Holdings

  • Only in BUFM3
  • In both0
  • Only in XTR505

Only in BUFM

3 securities, 100% of BUFM by weight

  • 4SPY 12/31/26 C3.81 4SPY 12/31/26 C3.8199.27%
  • 4SPY 12/31/26 P750.28 4SPY 12/31/26 P750.281.37%
  • Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.53%

Only in XTR

505 securities, 99.9% of XTR by weight

  • NVIDIA Corp8.11%
  • Apple Inc7.37%
  • Microsoft Corp5.95%

Weight gaps

BUFM and XTR share no securities.

All BUFM holdings⁠All 503 XTR 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 XTR Cost

Overpaying BUFM vs XTR

$8,270

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

  • BUFM 0.69%

    $13,429

  • XTR 0.25%

    $5,159

$10,000
30 years

Cost over time

  • BUFM 0.69%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BUFM $13,429XTR $5,159

Year by year

YearBUFMXTROverpaying
10$1,232$455$777
20$4,697$1,769$2,928
30$13,429$5,159$8,270

Expense ratio

  • 0.69%BUFM
  • 0.25%XTR, cheaper
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

XTR cheapest of 77 funds

BUFM 14th cheapest of 77 funds

BUFM vs XTR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BUFM No data
XTR 16.45%
Payout (12M)
BUFM None
XTR $4.69
Last payment
BUFM No data
XTR $0.08
Ex-dividend
BUFM No data
XTR Jun 29, 2026
Paid on
BUFM No data
XTR Jul 2, 2026
Frequency
BUFM No data
XTR Twice a year

Distribution history

Per share, 2021 to 2026, same scale for both

BUFMAll BUFM payments⁠

No distribution history available.

XTRTwice a year · 10 paymentsAll XTR payments⁠
One bar per payment. 10 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.64; Jun 29, 2022 $0.10; Dec 29, 2022 $0.15; Jun 29, 2023 $0.10; Dec 28, 2023 $0.19; Jun 27, 2024 $0.17; Dec 30, 2024 $5.55; Jun 27, 2025 $0.11; Dec 30, 2025 $4.61; Jun 29, 2026 $0.08. Use the arrow keys to read each point.$0$520232026YTD

BUFM vs XTR 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 2025XTR 11.7%
Return per unit of riskSharpe ratio, 3 years
BUFM 0.92since Jan 2025XTR 1.19
Worst fallMax drawdown, 5 years
BUFM −9.4%since Dec 2024XTR −20.8%
Market sensitivityBeta, 5 years
BUFM 0.40XTR 0.94

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