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NATO vs FBUF

Themes Transatlantic Defense ETF vs Fidelity Dynamic Buffered Equity ETF

NATO

Themes Transatlantic Defense ETF

Themes ETF Trust

Annual cost

0.35%

Fund size

$99M

FBUF

Fidelity Dynamic Buffered Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$19M

Key differences

  • NATO costs 0.13% less per year.
  • NATO is significantly larger than FBUF — larger funds tend to be more liquid and less likely to close.
  • NATO is classified as equity, while FBUF is alternative — different risk/return profiles.
  • NATO follows a index tracking strategy; FBUF uses option income.

Side-by-side comparison

NATOFBUF
Annual cost (TER)0.35%0.48%
Fund size (AUM)$99M$19M
Since20242024
Dividend yield0.45%0.65%
Asset classequityalternative
Region
Strategyindex trackingoption income
CAGR 1Y+23.3%+21.5%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y20.70%7.58%
Max drawdown-15.99%-11.09%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to NATO and FBUF