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XDEC

GradeCChicago Board Options Exchange

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

Accelerated Upside · First Trust · Inception 2021-12-17 · SEC filings

$43.81−0.06 (−0.13%)

As of Sep 23, 2026, 2:05 PM EDT

History starts Dec 20, 2021.
Intraday session: down, 28 prints from 43.87 to 43.81. Range 43.80 to 43.88. Use the arrow keys to read each point.$43.80$43.82$43.84$43.86$43.8810 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$202M
1Y return
+9.6%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$43.83
52W range
low $39.57high $43.92

The ETF.net XDEC Grade

C

49/ 100

Rank 4 of 7 in S&P 500 Accelerated, 15% Buffer⁠

Confidence Medium

Six-pillar profile for XDEC. Scores out of 100: Cost 39, Risk 41, Mission not scored, Tradability 63, Holdings 58, Durability 79. Strongest: Durability (79). Weakest: Cost (39). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 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.
    DScore 39
    Category rank2/7 · top 29%

  • 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.
    CScore 41
    Category rank5/6 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 63
    Category rank3/7 · top 43%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 58
    Category rank4/5 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 79
    Category rank1/7 · top 14%

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

Our read on XDEC

ETF.net Research

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

  1. 01Accelerated 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.
  2. 02The 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.
  3. 03One 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.
  4. 04Live since 2021, which puts several full December-to-December outcome periods behind the strategy rather than a single test run.

Worth knowing

  1. 01At 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.
  2. 02The 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.
  3. 03Thinly traded next to mainstream index funds, so limit orders earn their keep. The design targets price return, not an income stream.

XDEC Holdings

As of Sep 21, 2026, 5:46 PM
Asset class
Other
Holdings
5
Top-10 weight
117%
Largest holding
2026-12-18 State Street® SPDR® S&P 500® ETF Trust C 6.82103.2%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2026-12-18 State Street® SPDR® S&P 500® ETF Trust C 6.82103.18%2,759$208M1
002—2026-12-18 State Street® SPDR® S&P 500® ETF Trust C 680.6012.54%2,759$25M1
003—2026-12-18 State Street® SPDR® S&P 500® ETF Trust P 680.600.69%2,759$1M1
004—US Dollar0.48%956,510$957K394

Showing 1–4 of 4 holdings

XDEC Performance

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

XDEC$10,961
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. XDEC $10,961. 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 XDEC. Periods over one year show the average yearly return.
PeriodXDEC
Year to date+7.2%
1 month+0.9%
3 months+2.7%
1 year+9.6%
3 years+10.0%per year
5 yearsFund is under 5 years old—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 XDEC
YearReturn barXDEC
2026 YTD+7.2%
2025+9.7%
2024+9.6%
2023+14.4%
2022−3.4%
2021+1.9%

History from Dec 20, 2021

XDEC in the news

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

XDEC Dividends

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

No distributions in the last 12 months.

XDEC Risk

How much the fund’s monthly returns vary, scaled to a year.
4.4%
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.
1.10
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.
−11.7%
57 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.

XDEC Cost

Expense ratio0.85%
  • The middle half of S&P 500 Accelerated, 15% Buffer funds
  • Median 0.85%

1 of the 7 S&P 500 Accelerated, 15% Buffer funds charge less.

XDEC costs $85.00 a year on $10,000. The median S&P 500 Accelerated, 15% Buffer fund costs $85.00.