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DAUG

GradeCChicago Board Options Exchange

FT Vest U.S. Equity Deep Buffer ETF - August

Buffered · First Trust · Inception 2019-11-06 · SEC filings

$47.66−0.17 (−0.35%)

As of Sep 23, 2026, 2:16 PM EDT

Intraday session: down, 55 prints from 47.82 to 47.66. Range 47.60 to 47.79. Use the arrow keys to read each point.$47.60$47.70$47.75$47.8010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$434M
1Y return
+9.7%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$47.77
52W range
low $42.83high $47.85

The ETF.net DAUG Grade

C

51/ 100

Rank 6 of 19 in S&P 500 Deep Buffer 25-30%⁠

Confidence Medium

Six-pillar profile for DAUG. Scores out of 100: Cost 31, Risk 45, Mission not scored, Tradability 93, Holdings 48, Durability 78. Strongest: Tradability (93). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank9/19 · top 47%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank13/18 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 93
    Category rank1/19 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 48
    Category rank11/12 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 78
    Category rank2/19 · top 11%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DAUG

ETF.net Research

CInsurance with a deductible. DAUG bears the first 5% of an S&P 500 slide, then absorbs the next 25 points of losses, and in exchange your upside is capped at a level reset every August. Running since 2019.

Stated mandate

The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to an 11.98% upside cap and protection for losses in the -5% to -30% range during the current outcome period.

Why people hold it

  1. 01The cushion sits where drawdowns bite: SPY losses between -5% and -30% are absorbed, a 25-point buffer, before losses pass through one-for-one again.sec.gov
  2. 02Twelve siblings run the same deep-buffer recipe on a monthly cycle (DJAN through DDEC), so you can pick a reset month or spread money across several start dates.
  3. 03Terms are knowable up front: the new cap is set at each August reset, disclosed in a filing and posted to the fund's site before the period begins.sec.gov
  4. 04Live since 2019, so this August reset has been rolled through real market stress rather than a backtest.

Worth knowing

  1. 01The reference is SPY's price return, so S&P 500 dividends are not part of what you capture. That is part of what the buffer costs.sec.gov
  2. 02Buffer and cap are designed for the full outcome period. Buy midstream and your own remaining cushion and upside differ from the headline terms.sec.gov
  3. 030.85% matches the deep-buffer cohort median, while Pacer's SOS conservative funds (PSCX, PSCW) charge 0.49%. Volume is light here, so spreads can run wider.

DAUG Holdings

As of Sep 21, 2026, 5:44 PM
Asset class
Other
Holdings
4
Top-10 weight
103%
Largest holding
2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 7.6598.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 7.6598.02%5,632$422M1
002—2027-08-20 State Street® SPDR® S&P 500® ETF Trust P 727.433.51%5,632$15M1
003—US Dollar1.09%4,681,281$5M394

Showing 1–3 of 3 holdings

DAUG Performance

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

DAUG$10,965
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DAUG $10,965. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 DAUG. Periods over one year show the average yearly return.
PeriodDAUG
Year to date+7.8%
1 month+0.6%
3 months+2.4%
1 year+9.7%
3 years+13.0%per year
5 years+6.9%per year
10 yearsFund is under 10 years old—per year

As of the close, 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 DAUG
YearReturn barDAUG
2026 YTD+7.8%
2025+11.7%
2024+12.0%
2023+13.8%
2022−12.0%
2021+6.7%
2020+8.0%

DAUG in the news

ETF.net Research hasn’t filed on DAUG yet — coverage lands here as it’s written.

DAUG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

DAUG Risk

How much the fund’s monthly returns vary, scaled to a year.
6.6%
Annualised · 36 months to Aug 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.
1.07
vs 3-month T-bills · to Aug 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.
−15.3%
Trough Oct 2022
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.
0.53
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.

DAUG Cost

Expense ratio0.85%
  • 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.

DAUG costs $85.00 a year on $10,000. The median S&P 500 Deep Buffer 25-30% fund costs $85.00.