FT Vest U.S. Equity Buffer & Premium Income ETF - September
$30.25+0.01 (+0.05%)
- Expense ratio
- 0.85%
- Fund size
- $33M
- 1Y return
- +6.3%
- Yield · Last 12 months
- 6.01%
- Holdings
- 16
- Volume · 30D
- 0M sh
- NAV per share
- $30.28
- 52W range
The ETF.net XISE Grade
Score 40 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 23Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 39Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 69Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 42Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on XISE
CA buffered S&P 500 fund that swaps the rally for a paycheck: XISE targets a stated income rate for the year and cushions the first 10% of the underlying ETF's losses, with the terms reset every September.
The Fund seeks to provide approximately 6.88% annualized income before fees and expenses while buffering the first 10% of losses of the SPDR S&P 500 ETF Trust during the current target outcome period. It uses FLEX Options and short-term U.S. Treasury securities.
Why people hold it
- The 10% buffer is contractual, not a manager's judgment call. FLEX options lock it in at the start of each one-year outcome period beginning in September.ftportfolios.com
- Income is the whole point: the fund publishes a target annualized income level for each outcome period and distributes monthly.ftportfolios.com
- September is just the start month. First Trust runs sibling buffer-and-income funds dated to other months, so the calendar entry point is a choice, not a constraint.businesswire.combusinesswire.combusinesswire.com
Worth knowing
- The 0.85% fee sits above the 0.60% median for S&P 500 options-income funds, and well above cheaper peers such as IVVW (0.25%) and GPIX (0.35%).
- One of the smaller, thinly traded names in its group, so bid-ask spreads can run wider than at the category's heavyweights.
- Upside is surrendered by design, and the stated buffer and income terms apply to a full outcome period. Buying mid-period means different math than the headline numbers.businesswire.comftportfolios.com
XISE Holdings
- Other
- 16
- 109%
- 2027-09-17 State Street® SPDR® S&P 500® ETF Trust C 0.08
Sectors
XISE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | XISE |
|---|---|
| Year to date | +4.7% |
| 1 month | +0.6% |
| 3 months | +1.4% |
| 1 year | +6.3% |
| 3 years | +6.9% |
| 5 years | — |
| 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 | XISE |
|---|---|---|
| 2026 YTD | +4.7% | |
| 2025 | +6.4% | |
| 2024 | +5.7% | |
| 2023 | +3.1% |
XISE in the news
ETF.net Research hasn’t filed on XISE yet — coverage lands here as it’s written.
XISE Dividends
- 6.01%
- $1.82
- $0.15 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 21, 2026 | $0.15 |
| Sep 1, 2026 | Sep 2, 2026 | $0.15 |
| Aug 3, 2026 | Aug 4, 2026 | $0.15 |
| Jul 1, 2026 | Jul 2, 2026 | $0.15 |
| Jun 1, 2026 | Jun 2, 2026 | $0.15 |
| May 1, 2026 | May 4, 2026 | $0.15 |
| Apr 1, 2026 | Apr 2, 2026 | $0.15 |
| Mar 2, 2026 | Mar 3, 2026 | $0.15 |
| Feb 2, 2026 | Feb 3, 2026 | $0.15 |
| Jan 2, 2026 | Jan 5, 2026 | $0.15 |
| Dec 1, 2025 | Dec 2, 2025 | $0.15 |
| Nov 3, 2025 | Nov 4, 2025 | $0.15 |
XISE Risk
- 2.2%
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.
- 1.00
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.
- −6.2%
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.
- 0.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XISE Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
37 of the 51 S&P 500 Option Income funds charge less.