FT Vest U.S. Equity Buffer & Premium Income ETF - September
$30.43+0.01 (+0.05%)
- 0.85%
- $33M
- +7.5%
- 5.98%
- 0M sh
- $30.41
- low $29.25high $30.61
The ETF.net XISE Grade
C
Score 42 out of 100
- 37 of 52
Score 42 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.D25 out of 100Rank 39 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.D39 out of 100Rank 32 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 6 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 27 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 30 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 25 of 52
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
- 15
- 110%
- 2027-09-17 State Street® SPDR® S&P 500® ETF Trust C 0.08
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
XISE 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.Not enough history yet.
XISE$10,750
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 | XISE |
|---|---|
| Year to date | +5.2% |
| 1 month | +0.7% |
| 3 months | +1.5% |
| 1 year | +7.5% |
| 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 | +5.2% | |
| 2025 | +6.4% | |
| 2024 | +5.7% | |
| 2023 | +3.1% |
XISE in the news
XISE Dividends
- 5.98%
- $1.82
- $0.15 per share
- Irregular
Distribution history
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
0.85%
XISE0.85%
- 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.
Other funds in S&P 500 Option Income
- CXDTERoundhill Investments - S&P 500 0DTE Covered Call Strategy ETFExpense ratio 0.97%1 year return +19.9%
- CCAIECalamos Autocallable Income ETFExpense ratio 0.74%1 year return +16.9%
- CKSPYKraneShares Hedgeye Hedged Equity Index ETFExpense ratio 0.88%1 year return +14.8%
- COCTJInnovator Premium Income 30 Barrier ETFExpense ratio 0.79%1 year return +6.3%
- CSPYCSimplify US Equity PLUS Convexity ETFExpense ratio 0.53%1 year return +12.5%