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FT Vest Laddered Nasdaq Buffer ETF

BUFQCboeFirst TrustGrades compare a fund with genuinely similar funds. This fund's comparison group currently has too few members for a fair comparison, so no letter is published.

$38.90−0.34 (−0.87%)

As of Nov 2, 2026, 3:59 PM ET

Intraday session: down, 79 prints from 39.24 to 38.90. Range 38.87 to 39.50. Use the arrow keys to read each point.39.0039.1039.4039.5010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$1.68B
1Y total return
+10.9%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
173K sh
52W range
low $34.25high $41.15
Launched

The ETF.net BUFQ Grade

—

Too few comparable funds to grade fairly

Grades compare a fund with genuinely similar funds. This fund's comparison group currently has too few members for a fair comparison, so no letter is published.

Our read on BUFQ

ETF.net Research

In short

BUFQ stacks four Nasdaq-100 buffer ETFs on a rolling ladder, so a fresh cap and 10% buffer starts on staggered dates instead of one all-or-nothing outcome date. The 1.00% fee is the price of that autopilot.

Stated mandate

The Fund seeks capital appreciation through large-cap equity market exposure delivered mainly through a laddered portfolio of four Nasdaq-100 buffer ETFs. Those underlying ETFs seek QQQ-linked returns with an upside cap and a buffer against the first 10% of QQQ losses, while the Fund itself has no stated buffer.

Why people hold it

  • Holds four Nasdaq-100 buffer ETFs, each aiming for index-linked returns with an upside cap and a buffer against the first 10% of losses, on staggered reset dates.
  • One ticker replaces a four-fund defined-outcome calendar. The rolls and the reweighting happen inside the wrapper, not on your spreadsheet.
  • Running since 2022 and now a multi-billion-dollar fund with moderate day-to-day trading activity.

Worth knowing

  • At 1.00%, it sits at the expensive end of the Nasdaq-100 buffer group. Laddered rival PBQQ charges half that.
  • The fund itself has no stated buffer. Cushion lives in the underlying sleeves, each at a different point in its own outcome period, and each caps upside.
  • Not an income vehicle: the strategy has not been paying distributions.

BUFQ Holdings

Asset class
Other
Holdings
5
Top-10 weight
100%
Largest holding
QMAR25.4%

Sectors

  • Technology44.2%
  • Financials26.5%
  • Communication9.3%
  • Consumer Discretionary7.4%
  • Consumer Staples4.2%
  • Industrials3.7%
  • Health Care2.8%
  • Utilities0.8%
  • Materials0.7%
  • Energy0.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1QMARFT Vest Nasdaq-100® Buffer ETF - March25.37%11,280,832$426M1
2QDECFT Vest Nasdaq-100® Buffer ETF - December25.14%11,776,300$422M1
3QSPTFT Vest Nasdaq-100® Buffer ETF - September24.85%11,892,742$417M1
4QJUNFT Vest Nasdaq-100® Buffer ETF - June24.63%12,635,401$414M1
5No dataUS Dollar0.02%399,298$399K408

Showing 1–5 of 5 holdings

BUFQ Performance

Launched Jun 15, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
BUFQ$11,088
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BUFQ $11,088. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BUFQ. Periods over one year show the average yearly return.
PeriodBUFQ
Year to date+9.5%
1 month−3.2%
3 months+1.8%
1 year+10.9%
3 yearsper year+16.2%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BUFQ
YearReturn barBUFQ
2026 YTD+9.5%
2025+14.0%
2024+16.4%
2023+35.5%
2022+0.7%

History from Jun 16, 2022

BUFQ in the news

BUFQ Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

BUFQ Risk

How much the fund’s monthly returns vary, scaled to a year.
8.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.26
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.7%
52 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.61
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BUFQ Cost

Overpaying vs QQHG, cheapest in Nasdaq-100 Buffer

$9,647

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BUFQ 1.00%

    $18,688

  • QQHG 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • BUFQ 1.00%
  • QQHG 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BUFQ $18,688QQHG $9,041

Year by year

YearBUFQQQHGOverpaying
10$1,763$812$951
20$6,625$3,128$3,497
30$18,688$9,041$9,647