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Launched · SEC filings

FT Vest Nasdaq-100 Buffer ETF - September

QSPTCboeFirst TrustC

$34.77−0.32 (−0.91%)

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

C41/ 100

Rank 11 of 12 in Nasdaq-100 Buffer 9-12%

C41/100Rank 11 of 12inNasdaq-100 Buffer 9-12%
Intraday session: down, 79 prints from 35.09 to 34.77. Range 34.77 to 35.37. Use the arrow keys to read each point.34.9035.0035.2035.3035.4010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$713M
1Y total return
+10.6%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
45.1K sh
52W range
low $29.88high $37.16
Launched
Filings
SEC EDGAR

The ETF.net QSPT Grade

C

Score 41 out of 100

Category
Nasdaq-100 Buffer 9-12%⁠
Rank
11 of 12
Six-pillar profile for QSPT. Scores out of 100: Cost 15, Risk 47, Mission 95, Tradability 85, Holdings 26, Durability 82. Strongest: Mission (95). Weakest: Cost (15). Leans toward Mission.

Score 41 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.
    F15 out of 100
    Rank 9 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 6 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A85 out of 100
    Rank 1 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D26 out of 100
    Rank 6 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A82 out of 100
    Rank 3 of 12

Our read on QSPT

ETF.net Research

In short

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

  • The 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
  • The 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.
  • Running since 2021, so it has cycled through multiple complete September-to-September outcome periods, cap resets and all.

Worth knowing

  • 0.90% 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.
  • Price return only. QQQ's dividends don't pass through, and the fund isn't built as an income payer.
  • Thinly 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 Performance

Launched Sep 17, 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.
QSPT$11,059
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. QSPT $11,059. 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 QSPT. Periods over one year show the average yearly return.
PeriodQSPT
Year to date+10.7%
1 month−4.0%
3 months+1.7%
1 year+10.6%
3 yearsper year+17.9%
5 yearsper year+11.2%
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 QSPT
YearReturn barQSPT
2026 YTD+10.7%
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.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

QSPT Risk

Risk pillarC47 out of 100Rank 6 of 12 in Nasdaq-100 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
9.8%
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.
1.28
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.
−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.

FMP measures it over up to five years of monthly returns.

QSPT Cost

Compare QSPT and QTR

Overpaying vs QTR, cheapest in Nasdaq-100 Buffer 9-12%

$11,881

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QSPT 0.90%

    $17,040

  • QTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • QSPT 0.90%
  • QTR 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$20K051015202530QSPT $17,040QTR $5,159

Year by year

YearQSPTQTROverpaying
10$1,593$455$1,138
20$6,015$1,769$4,246
30$17,040$5,159$11,881

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