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DGJA

GradeDChicago Board Options Exchange

FT Vest U.S. Equity Buffer & Digital Return ETF - January

Buffered · First Trust · Inception 2026-01-16 · SEC filings

$32.24+0.00 (+0.00%)

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

Market opens at 9:30 AM ET.History starts Jan 20, 2026.History starts Jan 20, 2026.
Intraday session: up, 7 prints from 32.08 to 32.24. Range 32.08 to 32.24. Use the arrow keys to read each point.$32.10$32.15$32.20Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.85%
Fund size
$5M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$32.21
52W range
low $29.40high $32.22

The ETF.net DGJA Grade

D

37/ 100

Rank 63 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for DGJA. Scores out of 100: Cost 11, Risk 79, Mission not scored, Tradability 38, Holdings 61, Durability 26. Strongest: Risk (79). Weakest: Cost (11). Based on 5 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. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned38This cap took−0Published score37 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 11
    Category rank60/77 · 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 79
    Category rank2/73 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank50/77 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank17/42 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank72/77 · bottom quartile

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

Our read on DGJA

ETF.net Research

DMost buffer ETFs hand you whatever the market gives, up to a cap. This one pays a flat, predetermined return if the S&P 500 ETF is up, unchanged, or down as much as 10%, with the first 10% of price losses buffered over a one-year outcome period.

Stated mandate

The Fund seeks to protect the first 10% of price losses in the State Street SPDR S&P 500 ETF Trust while offering an approximately 8.52% predetermined digital return when the ETF appreciates, is unchanged, or declines by no more than 10% during the current outcome period.

Why people hold it

  1. 01A sideways year pays the same as an up year: the digital return is fixed at the start of the period and applies whether the S&P 500 ETF rises, sits flat, or slips up to 10%.ftportfolios.com
  2. 02The first 10% of the reference ETF's price decline is absorbed by the structure before your capital takes the hit.ftportfolios.com
  3. 03Terms are written down before you buy and reset each January, and First Trust runs same-index siblings with other start months for staggered entry points.

Worth knowing

  1. 01The upside is a flat number, not participation. A roaring market pays the same digital return, and the math follows price only, so the reference ETF's dividends sit outside it.
  2. 02Buffer and digital return are engineered for a holder who owns the fund from one January reset to the next. Buy mid-period and your effective terms shift.ftportfolios.com
  3. 03At 0.85% it sits at the pricier end of the buffer shelf (ZALT 0.69%, SIXJ 0.74%), and as a small, lightly traded 2026 launch, spreads add to the sticker fee.

DGJA Holdings

As of Sep 21, 2026, 5:50 PM
Asset class
Other
Holdings
6
Top-10 weight
182%
Largest holding
2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.89102.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.89102.92%66$5M1
002—2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 605.1777.61%225$4M1
003—2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 691.631.03%66$50K1
004—US Dollar0.60%28,886$29K394

Showing 1–4 of 4 holdings

DGJA Performance

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

DGJA$10,235
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. DGJA $10,235. 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 DGJA. Periods over one year show the average yearly return.
PeriodDGJA
Year to dateFund launched this year—
1 month+0.6%
3 months+2.3%
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 DGJA
YearReturn barDGJA
2026 YTD+6.6%

History from Jan 20, 2026

DGJA in the news

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

DGJA 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 Jan 2026. No distributions yet.

DGJA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 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 Jan 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 Jan 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.
0.35
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.

DGJA Cost

Expense ratio0.85%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

59 of the 77 S&P 500 Buffer 9-12% funds charge less.

DGJA costs $85.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.