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Launched · SEC filings

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

XMARCboeFirst TrustB

$43.63−0.06 (−0.13%)

At close: Nov 2, 2026, 4:00 PM ET

B54/ 100

Rank 1 of 7 in S&P 500 Accelerated, 15% Buffer

B54/100Rank 1 of 7inS&P 500 Accelerated, 15% Buffer
Intraday session: down, 78 prints from 43.69 to 43.63. Range 43.63 to 43.78. Use the arrow keys to read each point.43.6543.7343.7543.7710 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$160M
1Y total return
+10.7%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
9.23K sh
52W range
low $39.17high $43.84
Launched
Filings
SEC EDGAR

The ETF.net XMAR Grade

Based on 5 of 6 pillars

B

Score 54 out of 100

Category
S&P 500 Accelerated, 15% Buffer⁠
Rank
1 of 7
Six-pillar profile for XMAR. Scores out of 100: Cost 40, Risk 76, Mission not scored, Tradability 50, Holdings 69, Durability 63. Strongest: Risk (76). Weakest: Cost (40). Based on 5 of 6 pillars.

Score 54 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. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.

  • 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.
    A76 out of 100
    Rank 1 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 4 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B69 out of 100
    Rank 1 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 4 of 7

Our read on XMAR

ETF.net Research

In short

BMost accelerated ETFs double your upside and hand you the full downside. XMAR runs the accelerator with a net: about twice SPY's price gain up to a yearly cap, plus a 15% cushion against losses.

Stated mandate

The Fund seeks approximately twice the positive price return of the SPDR S&P 500 ETF Trust, subject to a 12.22% upside cap, while buffering the first 15% of losses over the March 23, 2026–March 19, 2027 outcome period.

Why people hold it

  • The rare two-sided deal: roughly 2x any positive price move in SPY up to a cap, with the first 15% of SPY's losses absorbed, over a one-year outcome period.ftportfolios.com
  • Innovator's accelerated funds (XDSQ, XTAP) give the 2x kicker with single exposure to the downside. XMAR keeps the kicker and adds the buffer.innovatoretfs.com
  • No maturity date. The cap resets to prevailing market conditions when each March period rolls, so the position can be held across periods without re-buying.businesswire.com
  • Among the stronger builds in a small field of accelerated SPY strategies, with a defined-risk profile that stands out in the group.

Worth knowing

  • Cap and buffer are engineered for the full March-to-March period. Step in or out mid-period and you get different terms than the headline math.ftportfolios.com
  • It references SPY's price return, so S&P 500 dividends sit outside the payoff. Below the buffer, losses track the index one for one.ftportfolios.com
  • 0.85% a year, above the 0.79% typical of its accelerated peers, and it trades thinly, so the spread is part of your cost.

XMAR Holdings

Holdings pillarB69 out of 100Rank 1 of 5 in S&P 500 Accelerated, 15% Buffer
Asset class
Other
Holdings
4
Top-10 weight
126%
Largest holding
2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.50106.5%

Sectors

  • Technology39.0%
  • Financials11.8%
  • Health Care9.8%
  • Consumer Discretionary9.1%
  • Communication9.0%
  • Industrials7.5%
  • Consumer Staples4.7%
  • Energy3.8%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.5%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No data2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.50106.47%2,275$170M1
2No data2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 648.5817.70%2,275$28.3M1
3No data2027-03-19 State Street® SPDR® S&P 500® ETF Trust P 648.581.07%2,275$1.71M1
4No dataUS Dollar0.60%955,735$956K408

Showing 1–4 of 4 holdings

XMAR Performance

Launched Mar 17, 2023

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.
XMAR$11,075
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. XMAR $11,075. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 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 XMAR. Periods over one year show the average yearly return.
PeriodXMAR
Year to date+9.4%
1 month+0.2%
3 months+1.6%
1 year+10.7%
3 yearsper year+11.4%
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 XMAR
YearReturn barXMAR
2026 YTD+9.4%
2025+10.3%
2024+10.1%
2023+10.3%

History from Mar 20, 2023

XMAR in the news

XMAR Dividends

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

No distributions in the last 12 months.

XMAR Risk

Risk pillarA76 out of 100Rank 1 of 7 in S&P 500 Accelerated, 15% Buffer
How much the fund’s monthly returns vary, scaled to a year.
3.3%
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.
1.96
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.
−7.3%
43 months · trough Apr 2025
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.
0.23
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.

XMAR Cost

Compare XMAR 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.

  • XMAR 0.85%

    $16,199

  • CTAU 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • XMAR 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$20K051015202530XMAR $16,199CTAU $6,149

Year by year

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

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