Skip to content
etf.net

FJAN

GradeCChicago Board Options Exchange

FT Vest U.S. Equity Buffer ETF - January

Buffered · First Trust · Inception 2021-01-15 · SEC filings

$56.73−0.17 (−0.30%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 49 prints from 56.89 to 56.73. Range 56.65 to 56.84. Use the arrow keys to read each point.$56.65$56.70$56.75$56.80$56.8510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.5B
1Y return
+13.6%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$56.86
52W range
low $49.23high $56.95

The ETF.net FJAN Grade

C

41/ 100

Rank 56 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for FJAN. Scores out of 100: Cost 11, Risk 58, Mission not scored, Tradability 71, Holdings 44, Durability 83. Strongest: Durability (83). Weakest: Cost (11). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 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 rank68/77 · 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 58
    Category rank29/73 · top 40%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 71
    Category rank14/77 · top 18%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank39/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 83
    Category rank10/77 · top 13%

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

Our read on FJAN

ETF.net Research

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

  1. 01The 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
  2. 02Twelve 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
  3. 03Live since 2021 and now a multi-billion-dollar fund, it has cycled through repeated annual resets rather than a single outcome window.

Worth knowing

  1. 010.85% 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%.
  2. 02Buy 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
  3. 03Thinly traded for its size, so limit orders earn their keep. It is built around price outcomes, not a distribution stream.

FJAN Holdings

As of Sep 21, 2026, 5:40 PM
Asset class
Other
Holdings
4
Top-10 weight
102%
Largest holding
2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.92100.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.92100.73%19,780$1.5B1
002—2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 691.661.01%19,780$15M1
003—US Dollar0.54%7,968,828$8M394

Showing 1–3 of 3 holdings

FJAN Performance

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

FJAN$11,358
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. FJAN $11,358. 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 FJAN. Periods over one year show the average yearly return.
PeriodFJAN
Year to date+9.9%
1 month+1.0%
3 months+3.5%
1 year+13.6%
3 years+15.8%per year
5 years+11.4%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 FJAN
YearReturn barFJAN
2026 YTD+9.9%
2025+12.7%
2024+15.2%
2023+21.7%
2022−4.0%
2021+12.6%

History from Jan 19, 2021

FJAN in the news

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

FJAN Dividends

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

No distributions in the last 12 months.

FJAN Risk

How much the fund’s monthly returns vary, scaled to a year.
8.2%
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.
1.14
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.
−13.6%
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.
0.57
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.

FJAN 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.

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