Skip to content
etf.net

FFEB

GradeCChicago Board Options Exchange

FT Vest U.S. Equity Buffer ETF - February

Buffered · First Trust · Inception 2020-02-21 · SEC filings

$62.72−0.12 (−0.18%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 58 prints from 62.83 to 62.72. Range 62.64 to 62.86. Use the arrow keys to read each point.$62.65$62.75$62.80$62.8510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.4B
1Y return
+14.2%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$62.85
52W range
low $54.47high $62.93

The ETF.net FFEB Grade

C

47/ 100

Rank 40 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for FFEB. Scores out of 100: Cost 11, Risk 67, Mission not scored, Tradability 76, Holdings 66, Durability 88. Strongest: Durability (88). Weakest: Cost (11). 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.
    FScore 11
    Category rank66/77 · 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.
    BScore 67
    Category rank13/73 · top 18%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank12/77 · top 16%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 66
    Category rank10/42 · top 24%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 88
    Category rank4/77 · top 5%

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

Our read on FFEB

ETF.net Research

CThe February door into First Trust's buffer lineup: it absorbs the first 10% of a year's decline in the SPDR S&P 500 ETF Trust, and caps the upside in exchange. Same recipe, reset every February since 2020.

Stated mandate

The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust before fees and expenses, subject to a 15.01% upside cap and a 10% downside buffer over the current target-outcome period.

Why people hold it

  1. 01Absorbs the first 10% of the reference S&P 500 ETF's price decline over each 12-month period, with a cap set at the February reset. Price return only, so dividends aren't included.ftportfolios.com
  2. 02Running since February 2020, and First Trust fields a version for every calendar month, so you can start in any month or ladder several across the year.
  3. 03The reference asset is the SPDR S&P 500 ETF Trust itself, not a bespoke index, and this is a multi-billion-dollar fund.

Worth knowing

  1. 01The 0.85% fee sits above the buffer-fund median, and cheaper builds exist in the group (BUFB charges 0.10%).
  2. 02The cap resets each February and isn't known in advance. Buy mid-period and you inherit the remaining buffer and cap, not the headline terms.ftportfolios.com
  3. 03It trades lightly for its size, so bid-ask spreads can matter more here than with mainstream index ETFs.

FFEB Holdings

As of Sep 21, 2026, 5:41 PM
Asset class
Other
Holdings
4
Top-10 weight
103%
Largest holding
2027-02-19 State Street® SPDR® S&P 500® ETF Trust C 6.89101.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-02-19 State Street® SPDR® S&P 500® ETF Trust C 6.89101.25%19,321$1.5B1
002—2027-02-19 State Street® SPDR® S&P 500® ETF Trust P 689.431.28%19,321$18M1
003—US Dollar0.61%8,751,515$9M394

Showing 1–3 of 3 holdings

FFEB Performance

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

FFEB$11,421
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. FFEB $11,421. 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 FFEB. Periods over one year show the average yearly return.
PeriodFFEB
Year to date+11.0%
1 month+1.0%
3 months+3.3%
1 year+14.2%
3 years+17.1%per year
5 years+11.2%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 FFEB
YearReturn barFFEB
2026 YTD+11.0%
2025+13.8%
2024+16.6%
2023+19.9%
2022−7.5%
2021+16.3%
2020+9.8%

History from Feb 24, 2020

FFEB in the news

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

FFEB Dividends

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

No distributions in the last 12 months.

FFEB Risk

How much the fund’s monthly returns vary, scaled to a year.
8.3%
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.
1.25
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.
−13.8%
Trough Oct 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.
0.60
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.

FFEB Cost

Expense ratio0.85%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

59 of the 77 S&P 500 Buffer 9-12% funds charge less.

FFEB costs $85.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.