Skip to content
etf.net

XOCT

GradeCChicago Board Options Exchange

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

Buffered · First Trust · Inception 2023-10-20

$40.36+0.02 (+0.05%)

As of Sep 23, 2026, 1:48 PM EDT

History starts Oct 23, 2023.
Intraday session: up, 17 prints from 40.34 to 40.36. Range 40.32 to 40.37. Use the arrow keys to read each point.$40.32$40.3410 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$74M
1Y return
+9.6%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$40.34
52W range
low $36.64high $40.40

The ETF.net XOCT Grade

C

46/ 100

Rank 24 of 61 in S&P 500 Buffer 15%⁠

Confidence Medium

Six-pillar profile for XOCT. Scores out of 100: Cost 13, Risk 57, Mission not scored, Tradability 84, Holdings 69, Durability 67. Strongest: Tradability (84). Weakest: Cost (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 46 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 13
    Category rank60/61 · bottom quartile

  • 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.
    BScore 57
    Category rank19/57 · top 33%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 84
    Category rank2/61 · top 3%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 69
    Category rank3/32 · top 9%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank25/61 · top 41%

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

Our read on XOCT

ETF.net Research

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

  1. 01Double-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
  2. 02The 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
  3. 03The 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
  4. 04One 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

  1. 010.85% a year runs above the typical fee in its buffer peer group, and laddered rivals like BUFF charge a fraction of that.
  2. 02Upside 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.
  3. 03Built 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 Holdings

As of Sep 21, 2026, 5:48 PM
Asset class
Other
Holdings
5
Top-10 weight
118%
Largest holding
2026-10-16 State Street® SPDR® S&P 500® ETF Trust C 6.65104.2%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2026-10-16 State Street® SPDR® S&P 500® ETF Trust C 6.65104.22%1,016$77M1
002—2026-10-16 State Street® SPDR® S&P 500® ETF Trust C 664.4013.82%1,016$10M1
003—US Dollar0.31%227,066$227K394
004—2026-10-16 State Street® SPDR® S&P 500® ETF Trust P 664.400.08%1,016$62K1

Showing 1–4 of 4 holdings

XOCT Performance

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

XOCT$10,959
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. XOCT $10,959. 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 XOCT. Periods over one year show the average yearly return.
PeriodXOCT
Year to date+6.9%
1 month+0.7%
3 months+2.3%
1 year+9.6%
3 yearsFund is under 3 years old—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 XOCT
YearReturn barXOCT
2026 YTD+6.9%
2025+10.3%
2024+7.0%
2023+5.6%

History from Oct 23, 2023

XOCT in the news

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

XOCT Dividends

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

No distributions in the last 12 months.

XOCT Risk

How much the fund’s monthly returns vary, scaled to a year.
4.7%
Annualised · 34 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.
1.21
vs 3-month T-bills · 34 months 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.
−10.0%
34 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.

XOCT Cost

Expense ratio0.85%
  • The middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

35 of the 50 S&P 500 Buffer 15% funds charge less.

XOCT costs $85.00 a year on $10,000. The median S&P 500 Buffer 15% fund costs $79.00.