MFLX vs FBUF

Comparison between FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF (MFLX, ETF) and Fidelity Dynamic Buffered Equity ETF (FBUF, ETF).

MFLX vs FBUF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFLX(ETF)	FBUF(ETF)
Net Assets	$19M	$19M
Expense Ratio	0.75%	0.48%
Max Drawdown	29.72%	11.28%
Sharpe Ratio	1.21	1.64
5Y Beta	-0.05	0.56
P/E Ratio	N/A	26.81
Forward P/E	N/A	21.19
PEG Ratio	N/A	0.24
5Y Dividends CAGR	1.25%	N/A
5Y EPS CAGR	N/A	29.41%
Debt to Equity	N/A	49.90%
P/S Ratio	N/A	3.68
P/B Ratio	N/A	5.62

Net Assets

MFLX

$19M

Winner

FBUF

$19M

Expense Ratio

MFLX

0.75%

Winner

FBUF

0.48%

Max Drawdown

MFLX

29.72%

Winner

FBUF

11.28%

Sharpe Ratio

MFLX

1.21

Winner

FBUF

1.64

5Y Beta

Winner

MFLX

-0.05

FBUF

0.56

P/E Ratio

MFLX

N/A

FBUF

26.81

Forward P/E

MFLX

N/A

FBUF

21.19

PEG Ratio

MFLX

N/A

FBUF

0.24

5Y Dividends CAGR

MFLX

1.25%

FBUF

N/A

5Y EPS CAGR

MFLX

N/A

FBUF

29.41%

Debt to Equity

MFLX

N/A

FBUF

49.90%

P/S Ratio

MFLX

N/A

FBUF

3.68

P/B Ratio

MFLX

N/A

FBUF

5.62

MFLX vs FBUF - Historical Returns

Returns include dividend reinvestment.

Period	MFLX	FBUF
1 month	+1.03%	+0.62%
3 months	+1.30%	+2.90%
6 months	+3.63%	+4.08%
1 year	+8.70%	+17.52%
5 years(CAGR)	-0.06%	N/A
10 years(CAGR)	+2.13%	N/A
Max(CAGR)	+2.13%	+12.94%

Winner

MFLX

+1.03%

FBUF

+0.62%

MFLX

+1.30%

Winner

FBUF

+2.90%

MFLX

+3.63%

Winner

FBUF

+4.08%

MFLX

+8.70%

Winner

FBUF

+17.52%

5Y(CAGR)

MFLX

-0.06%

FBUF

N/A

10Y(CAGR)

MFLX

+2.13%

FBUF

N/A

Max(CAGR)

MFLX

+2.13%

Winner

FBUF

+12.94%

MFLX vs FBUF - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	MFLX	FBUF
2026	+3.03%	+3.47%
2025	+4.12%	+14.10%
2024	+4.73%	+10.12%
2023	+8.91%	N/A
2022	-19.65%	N/A
2021	+8.96%	N/A
2020	+7.00%	N/A
2019	+15.75%	N/A
2018	-4.71%	N/A
2017	+5.57%	N/A
2016	-7.63%	N/A

MFLX vs FBUF Drawdown Comparison

The maximum drawdown for MFLX was -26.76%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.

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

The current MFLX drawdown is -3.94%. The current FBUF drawdown is -1.98%.

Rank	MFLX	FBUF
#1	-26.76% Feb 24, 2020 - Nov 25, 2020	-11.09% Feb 19, 2025 - Jun 27, 2025
#2	-25.88% Aug 24, 2021 - Oct 27, 2022	-5.61% Feb 2, 2026 - Apr 30, 2026
#3	-10.10% Sep 29, 2016 - Mar 26, 2019	-4.66% Jul 16, 2024 - Aug 27, 2024
#4	-4.45% Feb 11, 2021 - Apr 14, 2021	-3.31% Nov 12, 2025 - Dec 3, 2025
#5	-3.82% Sep 4, 2019 - Dec 11, 2019	-2.80% Dec 6, 2024 - Feb 14, 2025
#6	-1.54% Jul 12, 2021 - Jul 28, 2021	-2.64% Aug 30, 2024 - Sep 19, 2024
#7	-1.42% May 10, 2021 - May 26, 2021	-2.52% Apr 11, 2024 - May 14, 2024
#8	-1.05% Dec 11, 2020 - Dec 31, 2020	-2.16% Oct 6, 2025 - Oct 20, 2025
#9	-0.81% Apr 15, 2019 - May 2, 2019	-1.98% Jun 1, 2026 - Jun 5, 2026
#10	-0.73% Dec 31, 2020 - Jan 19, 2021	-1.92% Jan 9, 2026 - Jan 26, 2026
#11	-0.71% Dec 26, 2019 - Jan 7, 2020	-1.68% Dec 11, 2025 - Dec 22, 2025
#12	-0.69% Jun 10, 2021 - Jun 28, 2021	-1.51% Nov 11, 2024 - Nov 26, 2024
#13	-0.69% Dec 11, 2019 - Dec 26, 2019	-1.36% Nov 3, 2025 - Nov 11, 2025
#14	-0.67% Aug 4, 2021 - Aug 10, 2021	-1.32% Jul 28, 2025 - Aug 6, 2025
#15	-0.62% Aug 20, 2019 - Aug 28, 2019	-1.16% Oct 18, 2024 - Nov 6, 2024

Correlation

Correlation between MFLX and FBUF is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2016 - 2026)

MFLX vs FBUF dividend yield comparison.

Year	MFLX	FBUF
2026	1.75%	0.19%
2025	4.06%	0.64%
2024	3.81%	0.54%
2023	3.65%	0.00%
2022	4.27%	0.00%
2021	3.69%	0.00%
2020	3.21%	0.00%
2019	2.94%	0.00%
2018	3.74%	0.00%
2017	3.80%	0.00%
2016	0.98%	0.00%