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DMAR

GradeCChicago Board Options Exchange

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

Buffered · First Trust · Inception 2021-03-19 · SEC filings

$45.65−0.14 (−0.31%)

As of Sep 23, 2026, 2:58 PM EDT

Intraday session: down, 43 prints from 45.79 to 45.65. Range 45.64 to 45.85. Use the arrow keys to read each point.$45.70$45.75$45.80$45.8510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$468M
1Y return
+12.5%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$45.74
52W range
low $40.55high $45.82

The ETF.net DMAR Grade

C

47/ 100

Rank 11 of 19 in S&P 500 Deep Buffer 25-30%⁠

Confidence Medium

Six-pillar profile for DMAR. Scores out of 100: Cost 31, Risk 71, Mission not scored, Tradability 47, Holdings 61, Durability 57. Strongest: Risk (71). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 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 rank15/19 · 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 71
    Category rank1/18 · top 6%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank10/19 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank6/12 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank11/19 · mid-pack

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

Our read on DMAR

ETF.net Research

CDeep buffer, March vintage: DMAR wears the first 5% of a drop in the S&P 500 ETF it references, then absorbs the next 25 points, in exchange for an upside cap that resets each March. The terms are written into the prospectus, not left to a manager's hunch.

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 13.07% cap while buffering the underlying ETF's losses in the 5%-to-30% band during the March 23, 2026–March 19, 2027 outcome period.

Why people hold it

  1. 01Deep, not decorative: the options package targets losses in the 5% to 30% band on the SPDR S&P 500 ETF Trust across each annual outcome period.ftportfolios.com
  2. 02One of twelve monthly vintages in First Trust's deep buffer lineup, running since 2021, so entry points and reset dates can be staggered across the calendar.
  3. 03The reference asset is the SPDR S&P 500 ETF Trust itself: plain large-cap US equity, no factor tilt, no stock-picking discretion layered on top.
  4. 04Ranks among the stronger implementations in its 18-fund deep buffer cohort, with risk behavior and trading quality doing most of the lifting.

Worth knowing

  1. 010.85% is the going rate for deep buffers, but Pacer's SOS Conservative funds (PSCX, PSCW) run a similar playbook for 0.49%.
  2. 02It follows price return only, so index dividends are not passed through and income is not part of the design.
  3. 03The first 5% of a decline is unbuffered, the upside is capped, and both the cap and the remaining buffer shift for anyone buying mid-period.

DMAR Holdings

As of Sep 21, 2026, 5:43 PM
Asset class
Other
Holdings
4
Top-10 weight
109%
Largest holding
2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.48107.4%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.48107.41%6,665$501M1
002—2027-03-19 State Street® SPDR® S&P 500® ETF Trust P 616.140.81%6,665$4M1
003—US Dollar0.66%3,079,998$3M394

Showing 1–3 of 3 holdings

DMAR Performance

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

DMAR$11,245
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. DMAR $11,245. 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 DMAR. Periods over one year show the average yearly return.
PeriodDMAR
Year to date+9.9%
1 month+0.9%
3 months+2.6%
1 year+12.5%
3 years+12.4%per year
5 years+8.0%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 DMAR
YearReturn barDMAR
2026 YTD+9.9%
2025+9.1%
2024+12.8%
2023+12.2%
2022−5.5%
2021+7.0%

History from Mar 22, 2021

DMAR in the news

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

DMAR Dividends

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

No distributions in the last 12 months.

DMAR Risk

How much the fund’s monthly returns vary, scaled to a year.
5.3%
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.
1.28
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.
−9.8%
Trough Sep 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.
0.36
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.

DMAR 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.

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