FT Vest U.S. Equity Deep Buffer ETF - April
$42.10−0.03 (−0.07%)
- 0.85%
- $331M
- +9.5%
- 0M sh
- $42.12
- low $38.49high $42.14
The ETF.net DAPR Grade
C
Score 40 out of 100
- 17 of 19
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D31 out of 100Rank 8 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 8 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 15 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 4 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C42 out of 100Rank 13 of 19
Our read on DAPR
CMost buffer funds cushion the first 10% of a drop. This one skips that and guards the deeper stretch: you take the first 5% of an S&P 500 slide, the fund targets -5% through -30%. April is its rung on First Trust's monthly ladder.
The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust before fees and expenses, subject to a 12.04% upside cap. It seeks to buffer losses from -5% through -30% during the April 20, 2026-April 16, 2027 target outcome period.
Why people hold it
- Deep-buffer geometry: over each one-year period it seeks to offset S&P 500 losses from -5% through -30%, the zone where a correction becomes a bear market, in exchange for a preset upside cap.ftportfolios.com
- Resets every April with a fresh cap and a fresh buffer, and it has a sibling for all twelve calendar months, so the series can be laddered instead of timed.
- The engine is FLEX options on the SPDR S&P 500 ETF Trust: customized, exchange-traded contracts with terms written to match the fund's outcome period.ftportfolios.com
- The 0.85% fee sits right at the middle of its deep-buffer peer group.
Worth knowing
- The buffer is not a floor. The first 5% of a decline is yours, and past -30% losses resume one for one.ftportfolios.com
- Cap and buffer are struck for the April-to-April period. Buy mid-period and your own upside room and cushion differ from the headline terms.ftportfolios.com
- Cheaper deep-buffer wrappers exist: Pacer's Swan SOS Conservative funds (PSCW, PSCX) charge 0.49%.
DAPR Holdings
- Other
- 3
- 104%
- 2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 7.09
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
DAPR Performance
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.
DAPR$10,951
Returns run to the Oct 12, 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.
| Period | DAPR |
|---|---|
| Year to date | +7.1% |
| 1 month | +1.2% |
| 3 months | +2.5% |
| 1 year | +9.5% |
| 3 years | +11.2% |
| 5 years | +6.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DAPR |
|---|---|---|
| 2026 YTD | +7.1% | |
| 2025 | +5.8% | |
| 2024 | +15.0% | |
| 2023 | +9.8% | |
| 2022 | −6.8% | |
| 2021 | +5.3% |
DAPR in the news
DAPR Dividends
No distributions in the last 12 months.
DAPR Risk
- 4.8%
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.
- 1.34
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.
- −10.5%
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.
- 0.29
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DAPR Cost
0.85%
DAPR0.85%
- The middle half of S&P 500 Deep Buffer 25-30% funds
- Median 0.85%
7 of the 19 S&P 500 Deep Buffer 25-30% funds charge less.
Other funds in S&P 500 Deep Buffer 25-30%
- CDMAYFT Vest U.S. Equity Deep Buffer ETF - MayExpense ratio 0.85%1 year return +10.1%
- CDDECFT Vest U.S. Equity Deep Buffer ETF - DecemberExpense ratio 0.85%1 year return +13.0%
- CDOCTFT Vest U.S. Equity Deep Buffer ETF - OctoberExpense ratio 0.85%1 year return +12.2%
- CCTJLCorgi ETF Trust I - Corgi U.S. Equities 30% Structured Buffer ETF - July SeriesExpense ratio 0.30%1 year return —
- CCTJNCorgi ETF Trust I - Corgi U.S. Equities 30% Structured Buffer ETF - June SeriesExpense ratio 0.30%1 year return —