FBUF vs UST

Comparison between Fidelity Dynamic Buffered Equity ETF (FBUF, ETF) and PROSHARES ULTRA 7-10 YEAR TREASURY (UST, ETF).

FBUF vs UST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FBUF(ETF)	UST(ETF)
Net Assets	$19M	$19M
Expense Ratio	0.48%	N/A
Max Drawdown	11.28%	49.80%
Sharpe Ratio	1.64	-0.19
5Y Beta	0.56	-0.06
P/E Ratio	26.81	N/A
Forward P/E	21.19	N/A
PEG Ratio	0.24	N/A
5Y Dividends CAGR	N/A	32.26%
5Y EPS CAGR	29.41%	N/A
Debt to Equity	49.90%	N/A
P/S Ratio	3.68	N/A
P/B Ratio	5.62	N/A

Net Assets

FBUF

$19M

Winner

UST

$19M

Expense Ratio

FBUF

0.48%

UST

N/A

Max Drawdown

Winner

FBUF

11.28%

UST

49.80%

Sharpe Ratio

Winner

FBUF

1.64

UST

-0.19

5Y Beta

FBUF

0.56

Winner

UST

-0.06

P/E Ratio

FBUF

26.81

UST

N/A

Forward P/E

FBUF

21.19

UST

N/A

PEG Ratio

FBUF

0.24

UST

N/A

5Y Dividends CAGR

FBUF

N/A

UST

32.26%

5Y EPS CAGR

FBUF

29.41%

UST

N/A

Debt to Equity

FBUF

49.90%

UST

N/A

P/S Ratio

FBUF

3.68

UST

N/A

P/B Ratio

FBUF

5.62

UST

N/A

FBUF vs UST - Historical Returns

Returns include dividend reinvestment.

Period	FBUF	UST
1 month	+0.62%	-1.60%
3 months	+2.90%	-4.91%
6 months	+4.08%	-4.09%
1 year	+17.52%	+2.01%
5 years(CAGR)	N/A	-6.90%
10 years(CAGR)	N/A	-2.18%
Max(CAGR)	+12.94%	+2.46%

Winner

FBUF

+0.62%

UST

-1.60%

Winner

FBUF

+2.90%

UST

-4.91%

Winner

FBUF

+4.08%

UST

-4.09%

Winner

FBUF

+17.52%

UST

+2.01%

5Y(CAGR)

FBUF

N/A

UST

-6.90%

10Y(CAGR)

FBUF

N/A

UST

-2.18%

Max(CAGR)

Winner

FBUF

+12.94%

UST

+2.46%

FBUF vs UST - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	FBUF	UST
2026	+3.47%	-3.49%
2025	+14.10%	+11.29%
2024	+10.12%	-5.29%
2023	N/A	-1.29%
2022	N/A	-29.42%
2021	N/A	-8.01%
2020	N/A	+18.04%
2019	N/A	+12.75%
2018	N/A	-0.53%
2017	N/A	+3.38%
2016	N/A	-0.26%
2015	N/A	+0.95%
2014	N/A	+16.90%
2013	N/A	-11.74%
2012	N/A	+7.81%
2011	N/A	+31.91%
2010	N/A	+14.49%

FBUF vs UST Drawdown Comparison

The maximum drawdown for FBUF was -11.09%, occurring on Apr 8, 2025. Recovery took 89 trading sessions.

The maximum drawdown for UST was -48.00%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current FBUF drawdown is -1.98%. The current UST drawdown is -38.84%.

Rank	FBUF	UST
#1	-11.09% Feb 19, 2025 - Jun 27, 2025	-48.00% Aug 4, 2020 - Oct 19, 2023
#2	-5.61% Feb 2, 2026 - Apr 30, 2026	-20.06% Jul 8, 2016 - Aug 1, 2019
#3	-4.66% Jul 16, 2024 - Aug 27, 2024	-17.55% May 2, 2013 - Dec 12, 2014
#4	-3.31% Nov 12, 2025 - Dec 3, 2025	-15.50% Nov 4, 2010 - Jul 29, 2011
#5	-2.80% Dec 6, 2024 - Feb 14, 2025	-10.71% Jan 30, 2015 - Feb 2, 2016
#6	-2.64% Aug 30, 2024 - Sep 19, 2024	-9.13% Mar 9, 2020 - Apr 1, 2020
#7	-2.52% Apr 11, 2024 - May 14, 2024	-8.62% Sep 22, 2011 - Dec 19, 2011
#8	-2.16% Oct 6, 2025 - Oct 20, 2025	-7.60% Jan 31, 2012 - May 4, 2012
#9	-1.98% Jun 1, 2026 - Jun 5, 2026	-6.86% Sep 4, 2019 - Feb 21, 2020
#10	-1.92% Jan 9, 2026 - Jan 26, 2026	-6.28% Jul 25, 2012 - Apr 26, 2013
#11	-1.68% Dec 11, 2025 - Dec 22, 2025	-5.24% Feb 11, 2016 - Jun 9, 2016
#12	-1.51% Nov 11, 2024 - Nov 26, 2024	-4.57% Mar 17, 2010 - Apr 27, 2010
#13	-1.36% Nov 3, 2025 - Nov 11, 2025	-4.41% Aug 31, 2010 - Sep 27, 2010
#14	-1.32% Jul 28, 2025 - Aug 6, 2025	-4.20% Oct 7, 2010 - Nov 4, 2010
#15	-1.16% Oct 18, 2024 - Nov 6, 2024	-3.99% Apr 21, 2020 - Jul 21, 2020

Correlation

Correlation between FBUF and UST is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (2011 - 2026)

FBUF vs UST dividend yield comparison.

Year	FBUF	UST
2026	0.19%	0.46%
2025	0.64%	3.65%
2024	0.54%	4.09%
2023	0.00%	3.49%
2022	0.00%	0.47%
2021	0.00%	0.27%
2020	0.00%	0.53%
2019	0.00%	1.42%
2018	0.00%	1.71%
2017	0.00%	0.84%
2016	0.00%	0.64%
2015	0.00%	0.75%
2014	0.00%	4.91%
2012	0.00%	0.02%
2011	0.00%	0.02%