FT Vest Nasdaq-100 Buffer ETF - September
$36.78−0.03 (−0.08%)
- 0.90%
- $733M
- +20.2%
- 0M sh
- $36.91
- low $29.88high $37.16
The ETF.net QSPT Grade
C
Score 41 out of 100
- 11 of 12
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 100Rank 9 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 1 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 6 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 1 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D26 out of 100Rank 6 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 3 of 12
Our read on QSPT
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.
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 Holdings
- Other
- 3
- 107%
- 2027-09-17 Invesco QQQ Trust, Series 1 C 7.21
Sectors
- Financials100.0%
QSPT 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.
QSPT$12,022
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 | QSPT |
|---|---|
| Year to date | +16.2% |
| 1 month | +2.7% |
| 3 months | +5.5% |
| 1 year | +20.2% |
| 3 years | +18.5% |
| 5 years | +13.4% |
| 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 | QSPT |
|---|---|---|
| 2026 YTD | +16.2% | |
| 2025 | +14.6% | |
| 2024 | +16.1% | |
| 2023 | +43.1% | |
| 2022 | −20.4% | |
| 2021 | +4.5% |
QSPT in the news
QSPT Dividends
No distributions in the last 12 months.
QSPT Risk
- 9.4%
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.
- 1.43
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.
- −22.6%
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.
- 0.67
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
0.90%
QSPT0.90%
- 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.
Other funds in Nasdaq-100 Buffer 9-12%
- CQMARFT Vest Nasdaq-100 Buffer ETF - MarchExpense ratio 0.90%1 year return +20.9%
- CQDECFT Vest Nasdaq-100 Buffer ETF - DecemberExpense ratio 0.90%1 year return +20.6%
- CQJUNFT Vest Nasdaq-100 Buffer ETF - JuneExpense ratio 0.90%1 year return +12.3%
- CDDNQInnovator Growth-100 Dual Directional 5 Buffer ETFExpense ratio 0.79%1 year return —
- DNBFRInnovator Nasdaq-100 Managed 10 Buffer ETFExpense ratio 0.79%1 year return —