BUFM vs SPXX
AB Moderate Buffer ETF vs Nuveen S&P 500 Dynamic Overwrite Fund
Which is better, BUFM or SPXX?
SPXX has been ahead.
BUFM has a lower expense ratio. SPXX led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUFM | SPXX |
|---|---|---|
| Expense Ratio | 0.69%Best | 0.91% |
| AUM | $492M | $2.8B |
| Dividend Yield | 0.00% | 7.40% |
| Holdings | 7 | 553 |
| YTD Return | +4.67% | +10.40%Best |
| 1Y Return | +7.70% | +18.86%Best |
| 3Y Return (annualized) | - | +17.05% |
| 5Y Return (annualized) | - | +9.18% |
| Volatility (annualized) | 5.3%Best | 13.0% |
| Max Drawdown | -9.4%Best | -17.6% |
| $10,000 over 1.8 years | $11,674 | $12,200Best |
| Fund Family | AllianceBernstein L.P. | Nuveen |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 9, 2024 | Nov 22, 2005 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 10, 2024 to Oct 14, 2026 (1.8 years).
BUFM vs SPXX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
BUFM vs SPXX Performance
AB Moderate Buffer ETF (BUFM) is an ETF from AllianceBernstein L.P. and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is an ETF from Nuveen. Over the past year BUFM returned +7.70% while SPXX returned +18.86%. Year to date, BUFM is up 4.67% versus a gain of 10.40% for SPXX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXX has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 5.3% for BUFM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.4% for BUFM and -17.6% for SPXX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BUFM charges 0.69% per year while SPXX charges 0.91%. On a $10,000 position that is $69 vs $91 annually, a gap of $22 per year that compounds over a long holding period. On income, BUFM currently yields 0.00% against 7.40% for SPXX.
You are not choosing between two funds in isolation.
Whichever of BUFM and SPXX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUFM or SPXX?
BUFM has an expense ratio of 0.69% while SPXX charges 0.91%. BUFM is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, BUFM or SPXX?
Over the past year BUFM returned +7.70% vs +18.86% for SPXX, so SPXX leads on 1-year performance. Over the longest common window we track (2 years), BUFM annualized +8.98% vs +11.68% for SPXX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFM or SPXX?
SPXX has been the more volatile fund at 13.0% annualized versus 5.3% for BUFM. Worst drawdown: BUFM -9.4% vs SPXX -17.6%.
Should I hold both BUFM and SPXX?
BUFM and SPXX have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BUFM or SPXX?
BUFM yields 0.00% while SPXX yields 7.40%, so SPXX currently pays the higher dividend yield.
Is SPXX better than BUFM?
BUFM has a lower expense ratio. SPXX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.