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Launched · SEC filings

FT Vest U.S. Equity Buffer ETF - February

FFEBCboeFirst TrustC

$62.27−0.20 (−0.32%)

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

C49/ 100

Rank 41 of 77 in S&P 500 Buffer 9-12%

C49/100Rank 41 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 62.46 to 62.27. Range 62.27 to 62.88. Use the arrow keys to read each point.62.6062.7062.8062.9010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.38B
1Y total return
+12.3%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
22.9K sh
52W range
low $54.48high $63.33
Launched
Filings
SEC EDGAR

The ETF.net FFEB Grade

Based on 5 of 6 pillars

C

Score 49 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
41 of 77
Six-pillar profile for FFEB. Scores out of 100: Cost 11, Risk 67, Mission not scored, Tradability 89, Holdings 63, Durability 87. Strongest: Tradability (89). Weakest: Cost (11). Based on 5 of 6 pillars.

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.
    F11 out of 100
    Rank 60 of 77

  • 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.
    B67 out of 100
    Rank 17 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A89 out of 100
    Rank 2 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 14 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 4 of 77

Our read on FFEB

ETF.net Research

In short

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

  • Absorbs 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
  • Running 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.
  • The 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

  • The 0.85% fee sits above the buffer-fund median, and cheaper builds exist in the group (BUFB charges 0.10%).
  • The 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
  • It trades lightly for its size, so bid-ask spreads can matter more here than with mainstream index ETFs.

FFEB Performance

Launched Feb 21, 2020

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.
FFEB$11,234
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. FFEB $11,234. 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 FFEB. Periods over one year show the average yearly return.
PeriodFFEB
Year to date+10.3%
1 month−0.2%
3 months+1.8%
1 year+12.3%
3 yearsper year+17.7%
5 yearsper year+10.5%
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 FFEB
YearReturn barFFEB
2026 YTD+10.3%
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

FFEB Dividends

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

No distributions in the last 12 months.

FFEB Risk

Risk pillarB67 out of 100Rank 17 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
7.7%
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.
1.60
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.
−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.
0.61
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.

FFEB Cost

Compare FFEB and XTR

Overpaying vs XTR, cheapest in S&P 500 Buffer 9-12%

$11,040

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

  • FFEB 0.85%

    $16,199

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FFEB 0.85%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FFEB $16,199XTR $5,159

Year by year

YearFFEBXTROverpaying
10$1,508$455$1,053
20$5,706$1,769$3,937
30$16,199$5,159$11,040

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