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Launched · SEC filings

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December

XDECCboeFirst TrustC

$43.92+0.01 (+0.02%)

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

C44/ 100

Rank 6 of 7 in S&P 500 Accelerated, 15% Buffer

C44/100Rank 6 of 7inS&P 500 Accelerated, 15% Buffer
Intraday session: up, 78 prints from 43.91 to 43.92. Range 43.91 to 44.07. Use the arrow keys to read each point.43.9543.9844.0044.0244.0544.0810 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$208M
1Y total return
+8.8%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
7.96K sh
52W range
low $39.57high $44.16
Launched
Filings
SEC EDGAR

The ETF.net XDEC Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
S&P 500 Accelerated, 15% Buffer⁠
Rank
6 of 7
Six-pillar profile for XDEC. Scores out of 100: Cost 40, Risk 44, Mission not scored, Tradability 36, Holdings 58, Durability 79. Strongest: Durability (79). Weakest: Tradability (36). Based on 5 of 6 pillars.

Score 44 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.
    C40 out of 100
    Rank 2 of 7

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 5 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 6 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 4 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A79 out of 100
    Rank 1 of 7

Our read on XDEC

ETF.net Research

In short

CMost buffered funds trade upside away for protection. This December-dated First Trust fund goes after both: roughly twice the price gain of the SPDR S&P 500 ETF Trust up to a yearly cap, with the first 15% of losses absorbed.

Stated mandate

The Fund seeks approximately twice the positive price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a 10.06% upside cap and protection against the first 15% of losses during the stated outcome period.

Why people hold it

  • Accelerated and buffered in one wrapper: it aims for about 2x the reference ETF's positive price return up to a cap, while absorbing the first 15% of a decline over the outcome period.
  • The reference is the SPDR S&P 500 ETF Trust itself, not a custom index built for the product, so the exposure being doubled is plain US large-cap.
  • One rung of a dated ladder. Siblings like XMAR, XJUN and XNOV run the same structure on different reset months, so entry isn't pinned to a single December date.
  • Live since 2021, which puts several full December-to-December outcome periods behind the strategy rather than a single test run.

Worth knowing

  • At 0.85% a year it runs above accelerated peers such as XTAP and XDSQ at 0.79%. Layered options structures carry a higher price tag than plain beta.
  • The cap and buffer are engineered for a full outcome period, December to December, and the cap is reset at each new period. Buy mid-period and your own cap and remaining buffer differ from the headline terms.
  • Thinly traded next to mainstream index funds, so limit orders earn their keep. The design targets price return, not an income stream.

XDEC Performance

Launched Dec 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.Not enough history yet.
XDEC$10,882
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. XDEC $10,882. 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 XDEC. Periods over one year show the average yearly return.
PeriodXDEC
Year to date+7.3%
1 month+0.2%
3 months+1.8%
1 year+8.8%
3 yearsper year+10.0%
5 yearsFund is under 5 years oldper yearNo data
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 XDEC
YearReturn barXDEC
2026 YTD+7.3%
2025+9.7%
2024+9.6%
2023+14.4%
2022−3.4%
2021+1.9%

History from Dec 20, 2021

XDEC in the news

XDEC Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

XDEC Risk

Risk pillarC44 out of 100Rank 5 of 7 in S&P 500 Accelerated, 15% Buffer
How much the fund’s monthly returns vary, scaled to a year.
4.3%
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.
1.23
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.
−11.7%
58 months · 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.
0.30
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.

XDEC Cost

Compare XDEC and CTAU

Overpaying vs CTAU, cheapest in S&P 500 Accelerated, 15% Buffer

$10,050

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

  • XDEC 0.85%

    $16,199

  • CTAU 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • XDEC 0.85%
  • CTAU 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XDEC $16,199CTAU $6,149

Year by year

YearXDECCTAUOverpaying
10$1,508$545$963
20$5,706$2,113$3,593
30$16,199$6,149$10,050

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