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QSPT

GradeCChicago Board Options Exchange

FT Vest Nasdaq-100 Buffer ETF - September

Buffered · First Trust · Inception 2021-09-17 · SEC filings

$36.45−0.24 (−0.65%)

As of Sep 23, 2026, 2:18 PM EDT

Intraday session: down, 44 prints from 36.69 to 36.45. Range 36.41 to 36.59. Use the arrow keys to read each point.$36.40$36.50$36.55$36.6010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$693M
1Y return
+18.1%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$36.48
52W range
low $29.88high $36.70

The ETF.net QSPT Grade

C

43/ 100

Rank 10 of 12 in Nasdaq-100 Buffer 9-12%⁠

Confidence High

Six-pillar profile for QSPT. Scores out of 100: Cost 15, Risk 50, Mission 95, Tradability 80, Holdings 44, Durability 84. Strongest: Mission (95). Weakest: Cost (15). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 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 15
    Category rank12/12 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 95
    Category rank1/1 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank6/12 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank3/12 · top 25%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank6/6 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 84
    Category rank2/12 · top 17%

Graded as of Sep 22, 2026

Our read on QSPT

ETF.net Research

CThe September stop on First Trust's quarterly Nasdaq-100 buffer carousel: it absorbs the first 10% of a QQQ price drop over a one-year stretch, and hands back everything above a cap reset each September.

Stated mandate

The Fund seeks to track the price return of the Invesco QQQ Trust, Series 1, subject to a 16.97% upside cap and protection against the first 10% of losses during the stated outcome period.

Why people hold it

  1. 01The deal is written down, not implied: absorb the first 10% of QQQ's price decline over the outcome period, give up gains above a cap set at each September reset.ftportfolios.com
  2. 02The reference asset is the QQQ ETF itself rather than a bespoke index, so the security your buffer keys off trades in public view all day.
  3. 03Running since 2021, so it has cycled through multiple complete September-to-September outcome periods, cap resets and all.

Worth knowing

  1. 010.90% a year sits above the Nasdaq-100 buffer median of 0.79%. PGIM's PQAP and PQJA charge 0.50%, Innovator's QBUF 0.79%, for similar shallow-buffer builds.
  2. 02Price return only. QQQ's dividends don't pass through, and the fund isn't built as an income payer.
  3. 03Thinly traded next to the category's giants, so limit orders earn their keep. Buy mid-period and you inherit whatever cap and buffer are left, not the September terms.

QSPT Holdings

As of Sep 21, 2026, 5:42 PM
Asset class
Other
Holdings
4
Top-10 weight
107%
Largest holding
2027-09-17 Invesco QQQ Trust, Series 1 C 7.2198.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-09-17 Invesco QQQ Trust, Series 1 C 7.2198.64%9,470$674M1
002—2027-09-17 Invesco QQQ Trust, Series 1 P 721.456.85%9,470$47M1
003—US Dollar1.24%8,500,129$9M394

Showing 1–3 of 3 holdings

QSPT Performance

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

QSPT$11,805
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. QSPT $11,805. SPY $11,723. Use the arrow keys to read each point.$9,349$10,668$11,987Sep 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 QSPT. Periods over one year show the average yearly return.
PeriodQSPT
Year to date+15.8%
1 month+3.7%
3 months+5.7%
1 year+18.1%
3 years+19.2%per year
5 years+12.7%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 QSPT
YearReturn barQSPT
2026 YTD+15.8%
2025+14.6%
2024+16.1%
2023+43.1%
2022−20.4%
2021+4.5%

History from Sep 21, 2021

QSPT in the news

QSPT Dividends

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

No distributions in the last 12 months.

QSPT Risk

How much the fund’s monthly returns vary, scaled to a year.
9.5%
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.
1.27
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.
−22.6%
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.
0.67
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.

QSPT Cost

Expense ratio0.90%
  • The middle half of Nasdaq-100 Buffer 9-12% funds
  • Median 0.79%

8 of the 12 Nasdaq-100 Buffer 9-12% funds charge less.

QSPT costs $90.00 a year on $10,000. The median Nasdaq-100 Buffer 9-12% fund costs $79.00.