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DJAN

GradeCChicago Board Options Exchange

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

Buffered · First Trust · Inception 2021-01-15 · SEC filings

$46.69−0.10 (−0.21%)

As of Sep 23, 2026, 2:02 PM EDT

Intraday session: down, 41 prints from 46.79 to 46.69. Range 46.65 to 46.77. Use the arrow keys to read each point.$46.65$46.7510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$484M
1Y return
+11.1%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$46.76
52W range
low $41.79high $46.85

The ETF.net DJAN Grade

C

48/ 100

Rank 10 of 19 in S&P 500 Deep Buffer 25-30%⁠

Confidence Medium

Six-pillar profile for DJAN. Scores out of 100: Cost 31, Risk 51, Mission not scored, Tradability 70, Holdings 59, Durability 60. Strongest: Tradability (70). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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 rank12/19 · mid-pack

  • 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 51
    Category rank8/18 · top 44%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 70
    Category rank4/19 · top 21%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank7/12 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank10/19 · mid-pack

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

Our read on DJAN

ETF.net Research

CA deep buffer with a deliberate gap: DJAN wears the first 5% of an S&P 500 slide, then cushions the next 25 points, in exchange for a cap reset every January. Crash cushion, not dip cushion.

Stated mandate

The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, before fees and expenses, up to a predetermined upside cap while buffering losses in the underlying ETF's -5% to -30% range during January 20, 2026 through January 15, 2027.

Why people hold it

  1. 01Built from FLEX options on the SPDR S&P 500 ETF Trust: declines in that fund between -5% and -30% are buffered across the outcome period, before fees and expenses.ftportfolios.com
  2. 02One rung of a full ladder. First Trust runs a deep buffer fund for every reset month (DMAR, DJUL, DDEC and the rest), so staggering start dates is a simple build.
  3. 03The 0.85% expense ratio sits right at the median for deep buffer funds built on the same reference, so you pay the category's going rate for the options machinery.

Worth knowing

  1. 01Protection is paid for with a ceiling: upside stops at a cap set fresh each January. A roaring S&P year leaves part of the rally on the table.
  2. 02The first 5% of decline is yours, and the terms are designed to work over the full period. Buy mid-period and your cap and remaining buffer differ from the headline.ftportfolios.com
  3. 03Cheaper cousins exist in the same deep buffer cohort: Pacer's Swan SOS Conservative funds (PSCX, PSCW) charge 0.49%. DJAN also trades lightly, so limit orders earn their keep.

DJAN Holdings

As of Sep 21, 2026, 5:44 PM
Asset class
Other
Holdings
4
Top-10 weight
103%
Largest holding
2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.91102.1%

Sectors

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 6.91102.12%6,534$492M1
002—2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 657.080.68%6,534$3M1
003—US Dollar0.53%2,571,589$3M394

Showing 1–3 of 3 holdings

DJAN Performance

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

DJAN$11,110
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. DJAN $11,110. 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 DJAN. Periods over one year show the average yearly return.
PeriodDJAN
Year to date+7.7%
1 month+0.9%
3 months+3.0%
1 year+11.1%
3 years+12.9%per year
5 years+8.1%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 DJAN
YearReturn barDJAN
2026 YTD+7.7%
2025+11.1%
2024+13.0%
2023+13.8%
2022−5.7%
2021+6.7%

History from Jan 19, 2021

DJAN in the news

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

DJAN Dividends

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

No distributions in the last 12 months.

DJAN Risk

How much the fund’s monthly returns vary, scaled to a year.
6.5%
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.
1.08
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.
−9.6%
Trough Jun 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.
0.48
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.

DJAN 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.

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