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Launched · SEC filings

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

DJANCboeFirst TrustC

$46.50−0.09 (−0.19%)

As of Nov 2, 2026, 3:59 PM ET

C50/ 100

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

C50/100Rank 6 of 19inS&P 500 Deep Buffer 25-30%
Intraday session: down, 79 prints from 46.59 to 46.50. Range 46.50 to 46.85. Use the arrow keys to read each point.46.7046.8010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$459M
1Y total return
+9.5%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
18.1K sh
52W range
low $41.85high $47.21
Launched
Filings
SEC EDGAR

The ETF.net DJAN Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
S&P 500 Deep Buffer 25-30%⁠
Rank
6 of 19
Six-pillar profile for DJAN. Scores out of 100: Cost 31, Risk 51, Mission not scored, Tradability 79, Holdings 59, Durability 60. Strongest: Tradability (79). Weakest: Cost (31). Based on 5 of 6 pillars.

Score 50 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 100
    Rank 8 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 8 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 out of 100
    Rank 2 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 7 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 10 of 19

Our read on DJAN

ETF.net Research

In short

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

  • 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

Holdings pillarB59 out of 100Rank 7 of 12 in S&P 500 Deep Buffer 25-30%
Asset class
Other
Holdings
3
Top-10 weight
102%
Largest holding
2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.91101.1%

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%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No data2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.91101.09%6,218$464M1
2No data2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 657.080.60%6,218$2.76M1
3No dataUS Dollar0.47%2,153,657$2.15M408

Showing 1–3 of 3 holdings

DJAN Performance

Launched Jan 15, 2021

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$10,949
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DJAN $10,949. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+7.3%
1 month−0.2%
3 months+1.7%
1 year+9.5%
3 yearsper year+13.4%
5 yearsper year+7.7%
10 yearsFund is under 10 years oldper yearNo data

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+7.3%
2025+11.1%
2024+13.0%
2023+13.8%
2022−5.7%
2021+6.7%

History from Jan 19, 2021

DJAN in the news

DJAN Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

DJAN Risk

Risk pillarC51 out of 100Rank 8 of 19 in S&P 500 Deep Buffer 25-30%
How much the fund’s monthly returns vary, scaled to a year.
6.1%
Annualised · 36 months to Oct 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.
1.39
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

DJAN Cost

Compare DJAN and CTJL

Overpaying vs CTJL, tied cheapest in S&P 500 Deep Buffer 25-30%

$10,050

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DJAN 0.85%

    $16,199

  • CTJL 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • DJAN 0.85%
  • CTJL 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DJAN $16,199CTJL $6,149

Year by year

YearDJANCTJLOverpaying
10$1,508$545$963
20$5,706$2,113$3,593
30$16,199$6,149$10,050

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