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Launched

FT Vest U.S. Equity Quarterly Dynamic Buffer ETF

FHDGCboeFirst TrustD

$36.67−0.66 (−1.77%)

At close: Nov 5, 2026, 4:00 PM ET

D39/ 100

Rank 64 of 77 in S&P 500 Buffer 9-12%

D39/100Rank 64 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 79 prints from 37.33 to 36.67. Range 36.67 to 37.19. Use the arrow keys to read each point.36.8036.9037.0037.1037.2010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$71M
1Y total return
+10.0%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
8.42K sh
52W range
low $32.77high $37.64
Launched

The ETF.net FHDG Grade

Based on 5 of 6 pillars

D

Score 39 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
64 of 77
Six-pillar profile for FHDG. Scores out of 100: Cost 11, Risk 76, Mission not scored, Tradability 45, Holdings 58, Durability 46. Strongest: Risk (76). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D 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.
    A76 out of 100
    Rank 6 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 44 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 22 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 46 of 77

Our read on FHDG

ETF.net Research

In short

DMost buffer funds lock in one cushion for a full year. FHDG resets every three months and lets the cushion itself flex between 5.0% and 7.5% of S&P 500 losses, with a fresh upside cap set each period.

Stated mandate

The Fund seeks to track the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to an upside cap, while dynamically buffering either 5.0% or 7.5% of losses over approximately three months.

Why people hold it

  • The buffer isn't fixed. Each roughly three-month period opens with either 5.0% or 7.5% of downside absorbed, sized to what the options market can fund at the time.ftportfolios.com
  • Quarterly resets mean four fresh starts a year, so one awkward entry point doesn't set the terms for the next twelve months.
  • The reference is the SPDR S&P 500 ETF Trust, before fees and expenses. No bespoke index to decode, just the benchmark most investors already track.
  • Sits in the upper half of a crowded shallow-buffer peer group, helped by day-to-day tradability that holds up against bigger names.

Worth knowing

  • At 0.85% a year it runs above the typical fund in its buffer cohort, and above shallow-buffer alternatives like ZALT (0.69%) and BUFB (0.10%).
  • The cap is reset each period, losses past the 5.0% or 7.5% buffer pass through in full, and the reference is a price return, so dividends don't come along.ftportfolios.com
  • Launched in late 2024, so the history is short, and the buffer math only lands as designed for holders who own it from one period start to the next.

FHDG Performance

Launched Nov 15, 2024

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.Not enough history yet.Not enough history yet.
FHDG$11,002
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. FHDG $11,002. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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 FHDG. Periods over one year show the average yearly return.
PeriodFHDG
Year to date+8.1%
1 month−2.1%
3 months−0.8%
1 year+10.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 FHDG
YearReturn barFHDG
2026 YTD+8.1%
2025+10.6%
2024+0.5%

History from Nov 18, 2024

FHDG in the news

FHDG Dividends

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

No distributions in the last 12 months.

FHDG Risk

Risk pillarA76 out of 100Rank 6 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
5.6%
Annualised · 23 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.
1.02
vs 3-month T-bills · 23 months 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.
−14.0%
23 months · trough Apr 2025
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.
0.44
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.

FHDG Cost

Compare FHDG 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.

  • FHDG 0.85%

    $16,199

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FHDG 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$20K051015202530FHDG $16,199XTR $5,159

Year by year

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

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