FT Vest U.S. Equity Buffer ETF - January
$57.26+0.01 (+0.01%)
- 0.85%
- $1.5B
- +15.5%
- 0M sh
- $57.23
- low $49.23high $57.30
The ETF.net FJAN Grade
C
Score 45 out of 100
- 45 of 77
Score 45 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 100Rank 60 of 77Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 33 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 7 of 77Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 14 of 44Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 7 of 77
Our read on FJAN
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.
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 Holdings
- Other
- 3
- 103%
- 2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.92
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
FJAN Performance
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$11,546
Returns run to the Oct 12, 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.
| Period | FJAN |
|---|---|
| Year to date | +10.6% |
| 1 month | +1.4% |
| 3 months | +3.1% |
| 1 year | +15.5% |
| 3 years | +15.8% |
| 5 years | +11.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FJAN |
|---|---|---|
| 2026 YTD | +10.6% | |
| 2025 | +12.7% | |
| 2024 | +15.2% | |
| 2023 | +21.7% | |
| 2022 | −4.0% | |
| 2021 | +12.6% |
FJAN in the news
Filings Digest
AllianzIM launches OCTI and resets October buffer terms
FJAN Dividends
No distributions in the last 12 months.
FJAN Risk
- 7.8%
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.
- 1.35
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.
- −13.6%
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.
- 0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FJAN Cost
0.85%
FJAN0.85%
- 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.
Other funds in S&P 500 Buffer 9-12%
- CFMAYFT Vest U.S. Equity Buffer ETF - MayExpense ratio 0.85%1 year return +12.5%
- CFDECFT Vest U.S. Equity Buffer ETF - DecemberExpense ratio 0.85%1 year return +16.3%
- CFJULFT Vest U.S. Equity Buffer ETF - JulyExpense ratio 0.85%1 year return +14.8%
- CFSEPFT Vest U.S. Equity Buffer ETF - SeptemberExpense ratio 0.85%1 year return +16.0%
- CDHDGFT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETFExpense ratio 0.85%1 year return +16.3%