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Launched · SEC filings

FT Vest U.S. Equity Buffer ETF - January

FJANCboeFirst TrustC

$56.24−0.17 (−0.31%)

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

C44/ 100

Rank 53 of 77 in S&P 500 Buffer 9-12%

C44/100Rank 53 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 56.42 to 56.24. Range 56.24 to 56.81. Use the arrow keys to read each point.56.5056.6056.7056.8010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.48B
1Y total return
+11.4%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
21.8K sh
52W range
low $49.23high $57.31
Launched
Filings
SEC EDGAR

The ETF.net FJAN Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
53 of 77
Six-pillar profile for FJAN. Scores out of 100: Cost 11, Risk 53, Mission not scored, Tradability 77, Holdings 62, Durability 86. Strongest: Durability (86). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 44 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.
    C53 out of 100
    Rank 35 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 11 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 16 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A86 out of 100
    Rank 5 of 77

Our read on FJAN

ETF.net Research

In short

CA defined slice of SPY: the first 10% of losses absorbed, the upside capped, the whole deal rewritten every January for a fresh 12 months. One of twelve monthly-dated siblings in First Trust's buffer lineup, so the start date is yours to pick.

Stated mandate

The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust up to a stated upside cap, while buffering the first 10% of losses during the current outcome period.

Why people hold it

  • The payoff is spelled out in advance: first 10% of SPY's price decline absorbed, upside capped at a stated level, terms reset each January for the next 12 months.ftportfolios.com
  • Twelve dated siblings run the same 10% buffer (FFEB, FMAR, FAPR and on down the calendar), so money can be laddered across start months instead of riding one January entry.ftportfolios.com
  • Live since 2021 and now a multi-billion-dollar fund, it has cycled through repeated annual resets rather than a single outcome window.

Worth knowing

  • 0.85% a year is the price of the options package. Cheaper builds of the same buffer idea exist, including ZALT at 0.69% and BUFB at 0.10%.
  • Buy mid-period and you get whatever cap and buffer remain, not the headline terms. The stated 10% runs reset to reset, not from your purchase date.ftportfolios.com
  • Thinly traded for its size, so limit orders earn their keep. It is built around price outcomes, not a distribution stream.

FJAN Performance

Launched Jan 15, 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.
FJAN$11,139
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. FJAN $11,139. 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 FJAN. Periods over one year show the average yearly return.
PeriodFJAN
Year to date+9.0%
1 month−0.3%
3 months+1.7%
1 year+11.4%
3 yearsper year+16.4%
5 yearsper year+10.8%
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 FJAN
YearReturn barFJAN
2026 YTD+9.0%
2025+12.7%
2024+15.2%
2023+21.7%
2022−4.0%
2021+12.6%

History from Jan 19, 2021

FJAN in the news

FJAN Dividends

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

No distributions in the last 12 months.

FJAN Risk

Risk pillarC53 out of 100Rank 35 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
7.6%
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.
1.45
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.
−13.6%
Trough Jun 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.
0.58
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.

FJAN Cost

Compare FJAN 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.

  • FJAN 0.85%

    $16,199

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FJAN 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$20K051015202530FJAN $16,199XTR $5,159

Year by year

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

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