FT Vest U.S. Equity Deep Buffer ETF - January
$47.050.00 (+0.01%)
- 0.85%
- $455M
- +12.5%
- 0M sh
- $47.02
- low $37.51high $47.09
The ETF.net DJAN Grade
C
Score 49 out of 100
- 9 of 19
Score 49 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.C49 out of 100Rank 9 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 3 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 7 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 10 of 19
Our read on DJAN
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.
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
- Built 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
- One 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.
- The 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
- Protection 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.
- The 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
- Cheaper 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
- Other
- 3
- 104%
- 2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.91
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%
DJAN 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.
DJAN$11,252
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 | DJAN |
|---|---|
| Year to date | +8.3% |
| 1 month | +1.2% |
| 3 months | +2.7% |
| 1 year | +12.5% |
| 3 years | +12.8% |
| 5 years | +8.2% |
| 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 | DJAN |
|---|---|---|
| 2026 YTD | +8.3% | |
| 2025 | +11.1% | |
| 2024 | +13.0% | |
| 2023 | +13.8% | |
| 2022 | −5.7% | |
| 2021 | +6.7% |
DJAN in the news
DJAN Dividends
No distributions in the last 12 months.
DJAN Risk
- 6.2%
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.
- 1.28
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.
- −9.6%
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.
- 0.48
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
0.85%
DJAN0.85%
- 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%
- CPSCJPacer Swan SOS Conservative (July) ETFExpense ratio 0.49%1 year return +11.3%
- CDAUGFT Vest U.S. Equity Deep Buffer ETF - AugustExpense ratio 0.85%1 year return +11.2%
- CDMARFT Vest U.S. Equity Deep Buffer ETF - MarchExpense ratio 0.85%1 year return +13.3%
- CDNOVFT Vest U.S. Equity Deep Buffer ETF - NovemberExpense ratio 0.85%1 year return +14.2%
- CDJUNFT Vest U.S. Equity Deep Buffer ETF - JuneExpense ratio 0.85%1 year return +9.8%