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DGAP

GradeDChicago Board Options Exchange

First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Buffer & Digital Return ETF - April

Accelerated Upside · First Trust · Inception 2026-04-17 · SEC filings

$31.18+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Apr 21, 2026.History starts Apr 21, 2026.History starts Apr 21, 2026.
Intraday session: up, 8 prints from 31.02 to 31.18. Range 31.02 to 31.18. Use the arrow keys to read each point.$31.05$31.10$31.15Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.85%
Fund size
$8M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$31.15
52W range
low $29.78high $31.23

The ETF.net DGAP Grade

D

37/ 100

Rank 8 of 12 in S&P 500 Accelerated⁠

Confidence Low

Six-pillar profile for DGAP. Scores out of 100: Cost 16, Risk 89, Mission not scored, Tradability 32, Holdings not scored, Durability 31. Strongest: Risk (89). Weakest: Cost (16). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D 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.
    FScore 16
    Category rank9/12 · bottom quartile

  • 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.
    AScore 89
    Category rank1/11 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 32
    Category rank7/12 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 31
    Category rank10/12 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

DGAP Holdings

As of Sep 21, 2026, 5:35 PM
Asset class
Other
Holdings
6
Top-10 weight
183%
Largest holding
2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 7.07101.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 7.07101.49%105$8M1
002—2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 621.3478.53%380$6M1
003—2027-04-16 State Street® SPDR® S&P 500® ETF Trust P 710.112.17%105$168K1
004—US Dollar0.85%65,813$66K394

Showing 1–4 of 4 holdings

DGAP Performance

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

DGAP$10,258
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. DGAP $10,258. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 DGAP. Periods over one year show the average yearly return.
PeriodDGAP
Year to dateFund launched this year—
1 month+0.7%
3 months+2.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 DGAP
YearReturn barDGAP
2026 YTD+4.6%

History from Apr 21, 2026

DGAP in the news

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

DGAP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

DGAP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
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.
—
Launched Apr 2026; fills in after 12 months
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.
—
Launched Apr 2026; fills in after 12 months
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.
0.20
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.

DGAP Cost

Expense ratio0.85%
  • The middle half of S&P 500 Accelerated funds
  • Median 0.79%

8 of the 12 S&P 500 Accelerated funds charge less.

DGAP costs $85.00 a year on $10,000. The median S&P 500 Accelerated fund costs $79.00.