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Launched

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

XOCTCboeFirst TrustC

$40.33−0.07 (−0.17%)

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

C43/ 100

Rank 28 of 61 in S&P 500 Buffer 15%

C43/100Rank 28 of 61inS&P 500 Buffer 15%
Intraday session: down, 78 prints from 40.40 to 40.33. Range 40.33 to 40.64. Use the arrow keys to read each point.40.4540.5040.5540.6040.6510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$38M
1Y total return
+8.3%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
15.4K sh
52W range
low $36.64high $40.71
Launched

The ETF.net XOCT Grade

C

Score 43 out of 100

Category
S&P 500 Buffer 15%⁠
Rank
28 of 61
Six-pillar profile for XOCT. Scores out of 100: Cost 13, Risk 51, Mission 87, Tradability 78, Holdings 66, Durability 64. Strongest: Mission (87). Weakest: Cost (13). Leans toward Mission.

Score 43 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.
    F13 out of 100
    Rank 47 of 61

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A87 out of 100
    Rank 5 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 35 of 60

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 5 of 61

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B66 out of 100
    Rank 6 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 27 of 61

Our read on XOCT

ETF.net Research

In short

CMost buffer funds hand over upside to buy protection. This one leans the other way: roughly 2x the price move of the S&P 500 ETF it references, up to a yearly cap, with the first 15% of losses cushioned. October is its reset month.

Stated mandate

The Fund seeks approximately twice the positive price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a 10.26% upside cap and protection against the first 15% of losses during the current outcome period.

Why people hold it

  • Double-speed upside, not half: the fund aims for about twice the positive price return of its S&P 500 ETF reference, up to a cap set for each one-year period.cboe.com
  • The first 15% of reference losses is absorbed over the outcome period, so ordinary market chop lands on the buffer before it lands on you.ftportfolios.com
  • The rules are written in advance. FLEX options on the S&P 500 ETF lock the cap and buffer for the October-to-October stretch, so the terms are known before you commit.cboe.com
  • One rung of a 12-month ladder: First Trust runs an Enhance & Moderate Buffer fund for every calendar month, and this is the October start line.ftportfolios.com

Worth knowing

  • 0.85% a year runs above the typical fee in its buffer peer group, and laddered rivals like BUFF charge a fraction of that.
  • Upside has two ceilings: gains stop at the period's cap, and the mandate follows price return, so the reference ETF's dividends don't flow through.
  • Built for full-period holders and thinly traded. Buy partway through the October cycle and your effective cap and remaining cushion differ from the headline terms.

XOCT Performance

Launched Oct 20, 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.
XOCT$10,834
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. XOCT $10,834. 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 XOCT. Periods over one year show the average yearly return.
PeriodXOCT
Year to date+7.0%
1 month0.0%
3 months+1.5%
1 year+8.3%
3 yearsper year+10.1%
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 XOCT
YearReturn barXOCT
2026 YTD+7.0%
2025+10.3%
2024+7.0%
2023+5.6%

History from Oct 23, 2023

XOCT in the news

XOCT Dividends

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

No distributions in the last 12 months.

XOCT Risk

Risk pillarC51 out of 100Rank 35 of 60 in S&P 500 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
4.6%
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.
1.16
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.
−10.0%
36 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.
0.34
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.

XOCT Cost

Compare XOCT and CAUG

Overpaying vs CAUG, tied cheapest in S&P 500 Buffer 15%

$10,050

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

  • XOCT 0.85%

    $16,199

  • CAUG 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • XOCT 0.85%
  • CAUG 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$20K051015202530XOCT $16,199CAUG $6,149

Year by year

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

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