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VPXvsFBUFETF Comparison

ETF 1

VPX

Variant Perception Cycle Aware US Equity ETF

This fund is part of

US Multi-Factor

-0.38%

Full VPX fund page

VS

ETF 2

FBUF

Fidelity Dynamic Buffered Equity ETF

This fund is part of

Options Strategies

-0.16%

Full FBUF fund page

Variant Perception Cycle Aware US Equity ETF (VPX) belongs to the US Multi-Factor segment. Fidelity Dynamic Buffered Equity ETF (FBUF) is part of the Options Strategies segment. VPX's top 3 sector exposures are Information Technology, Financials and Health Care. In contrast, FBUF's top sector exposures are Information Technology, Communication Services and Financials. VPX is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.52% for FBUF. Run a side-by-side ETF comparison of VPX and FBUF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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VPX vs FBUF performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VPX FBUF	+13.07%+5.57%	n/a+0.23%	n/a+1.59%	n/a+20.21%	n/an/a	n/an/a
Flows	VPX FBUF	+$2M-$741K	-+$55K	-+$2M	-+$6M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VPX FBUF	n/a+8.84%	n/a+7.67%	n/an/a	n/an/a
Max drawdown	VPX FBUF	n/a-5.53%	n/a-5.53%	n/an/a	n/an/a
Max drawdown duration	VPX FBUF	n/a85d	n/a85d	n/an/a	n/an/a

Trading data

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	VPX	FBUF
Last sale 4/28/2026 at 6:51 PM		$31.23
Previous close 04/28/2026		$31.25
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/28/2026 at 6:51 PM

Live

Closed

	VPX	FBUF
Last price	–	$31.23
1D performance	–	-0.03%
AuM	$37.89 M	$18.76 M
E/R	0.75%	0.52%

Characteristics

	VPX	FBUF
Management strategy	Active	Active
Provider	Alpha Architect	Fidelity
Benchmark	-	-
N° of holdings	2770	145
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 11, 2026	April 9, 2024
ESG	No	No

More VPX data on Trackinsight

More FBUF data on Trackinsight

Exposure

Countries

VPX

USA

96.24%

Other

3.76%

FBUF

USA

97.12%

Other

2.88%

Sectors

VPX

Information Techn.

37.93%

Financials

13.83%

Health Care

9.72%

Consumer Discreti.

7.38%

Other

31.14%

FBUF

Information Techn.

36.17%

Communication Ser.

11.66%

Financials

10.9%

Consumer Discreti.

9.63%

Industrials

8.71%

Health Care

7.6%

Other

15.32%

Diversification

VPX

Total weight of top 15 holdings out of 15

46.49%

FBUF

Total weight of top 15 holdings out of 15

46.4%

Top 15 holdings

Data as of March 31, 2026

VPX

NVIDIA

7.29%

APPLE

4.11%

MICROSOFT-T

4.09%

BERKSHIRE HATHWAY

3.74%

LILLY

3.65%

BROADCOM LIMITED

3.20%

AMAZON.COM INC

2.74%

TESLA

2.51%

ORACLE SYS

2.45%

ALPHABET INC-CL

2.29%

JOHNSON&JOHNSON

2.23%

VISA INCORPORATION

2.15%

CHEVRON TEXACO

2.10%

JPMORGAN CHASE

2.03%

MICRON TECHNOLOGY

1.91%

FBUF

NVIDIA

8.08%

APPLE

7.40%

MICROSOFT-T

4.82%

AMAZON.COM INC

4.04%

ALPHABET INC-CL

3.31%

BROADCOM LIMITED

3.15%

META PLATFORMS

2.34%

ALPHABET INC-CL

2.16%

BERKSHIRE HATHWAY

2.09%

JPMORGAN CHASE

1.91%

EXXON

1.65%

LILLY

1.64%

TESLA

1.46%

MASTERCARD

1.18%

MICRON TECHNOLOGY

1.18%

Frequently asked questions about VPX and FBUF

Which ETF is bigger: VPX or FBUF?

As of April 28, 2026, VPX holds $37.89 M in assets under management (AUM), while FBUF manages $18.76 M.

What sectors do the VPX and FBUF ETFs invest in?

VPX leans toward sectors like Information Technology, Financials and Health Care. Meanwhile, FBUF focuses on Information Technology, Communication Services and Financials.

VPXvsFBUFETF Comparison

Variant Perception Cycle Aware US Equity ETF

Fidelity Dynamic Buffered Equity ETF

VPX vs FBUF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: VPX or FBUF?

As of April 28, 2026, VPX holds $37.89 M in assets under management (AUM), while FBUF manages $18.76 M.

What sectors do the VPX and FBUF ETFs invest in?

VPX leans toward sectors like Information Technology, Financials and Health Care. Meanwhile, FBUF focuses on Information Technology, Communication Services and Financials.

What are the top holdings of the VPX ETF and FBUF ETF?

VPX top holdings include NVIDIA, APPLE and MICROSOFT-T. FBUF holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: VPX or FBUF?

VPX holds 3449 securities with 46.49% of its assets in the top 15. FBUF has 157 securities and a top 15 weight of 46.4%.

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