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Launched · SEC filings

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

DMARCboeFirst TrustC

$45.70−0.07 (−0.14%)

As of Nov 2, 2026, 3:58 PM ET

C47/ 100

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

C47/100Rank 10 of 19inS&P 500 Deep Buffer 25-30%
Intraday session: down, 78 prints from 45.77 to 45.70. Range 45.70 to 45.94. Use the arrow keys to read each point.45.8045.8545.9045.9510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$472M
1Y total return
+11.7%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
13.5K sh
52W range
low $40.61high $46.02
Launched
Filings
SEC EDGAR

The ETF.net DMAR Grade

Based on 5 of 6 pillars

C

Score 47 out of 100

Category
S&P 500 Deep Buffer 25-30%⁠
Rank
10 of 19
Six-pillar profile for DMAR. Scores out of 100: Cost 31, Risk 72, Mission not scored, Tradability 46, Holdings 61, Durability 58. Strongest: Risk (72). Weakest: Cost (31). Based on 5 of 6 pillars.

Score 47 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.
    A72 out of 100
    Rank 1 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 13 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B61 out of 100
    Rank 6 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 11 of 19

Our read on DMAR

ETF.net Research

In short

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

  • Deep, 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
  • One 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.
  • The 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.
  • Ranks among the stronger implementations in its 18-fund deep buffer cohort, with risk behavior and trading quality doing most of the lifting.

Worth knowing

  • 0.85% is the going rate for deep buffers, but Pacer's SOS Conservative funds (PSCX, PSCW) run a similar playbook for 0.49%.
  • It follows price return only, so index dividends are not passed through and income is not part of the design.
  • The 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 Performance

Launched Mar 19, 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.
DMAR$11,170
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. DMAR $11,170. 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 DMAR. Periods over one year show the average yearly return.
PeriodDMAR
Year to date+9.9%
1 month+0.1%
3 months+1.6%
1 year+11.7%
3 yearsper year+12.8%
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 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

DMAR Dividends

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

No distributions in the last 12 months.

DMAR Risk

Risk pillarA72 out of 100Rank 1 of 19 in S&P 500 Deep Buffer 25-30%
How much the fund’s monthly returns vary, scaled to a year.
5.0%
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.
1.54
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.
−9.8%
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.
0.37
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.

DMAR Cost

Compare DMAR 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.

  • DMAR 0.85%

    $16,199

  • CTJL 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • DMAR 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$20K051015202530DMAR $16,199CTJL $6,149

Year by year

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

Other funds in S&P 500 Deep Buffer 25-30%

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