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DAPR vs UFEB

FT Vest U.S. Equity Deep Buffer ETF - April

DAPRCCboe

Innovator U.S. Equity Ultra Buffer ETF

UFEBBCboe

Overlap

Expense ratio

UFEB −0.06pt a year

DAPR0.85%UFEB0.79%

Avg volume · 30D

UFEB 4.1×the volume

DAPR8.05KUFEB32.8K

5Y return · a year

UFEB +1.4pt

DAPR+5.9%UFEB+7.3%

DAPR vs UFEB Performance

Oct 29, 2021 – Oct 30, 2026

+33.4%DAPR+42.2%UFEB

Oct 29, 2021 to Oct 30, 2026. DAPR +33.4%. UFEB +42.2%. Use the arrow keys to read each point.−10%0%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DAPR 0.85%
UFEB 0.79%, better
Fund size
DAPR $334M
UFEB $167M
1Y total return
DAPR +7.5%
UFEB +9.7%, better
Holdings
DAPR 3
UFEB 3
Avg volume (30D)
DAPR 8.05K sh
UFEB 32.8K sh, better
NAV per share
DAPR $41.69
UFEB $39.55
52W range

ETF.net Grade

DAPR: Cost 31, Risk 53, Mission not scored, Tradability 33, Holdings 65, Durability 41. UFEB: Cost 67, Risk 64, Mission not scored, Tradability 63, Holdings not scored, Durability 45.
Pillar letters and Scores for DAPR, UFEB, with each pillar’s weight
PillarDAPRUFEB
Cost30% weightD31B67Higher
Mission25% weightNot scoredNot scored
Risk15% weightC53B64Higher
Tradability15% weightD33B63Higher
Holdings10% weightB65Not scored
Durability5% weightC41C45Higher

Rank among S&P 500 Deep Buffer 25-30% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DAPR and UFEB are both graded against the same 19 S&P 500 Deep Buffer 25-30% funds, so their Grades compare head to head.

S&P 500 Deep Buffer 25-30%⁠

Category · 19 funds
See all 19 ›

UFEB ranks 1st and DAPR 17th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

  1. Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
  2. Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
  3. Rank 3BPSCQPacer Swan SOS Conservative (October) ETFScore 60
  4. Rank 17CCTJNCorgi U.S. Equities 30% Structured Buffer ETF - June SeriesScore 40
  5. Rank 17CDAPRFT Vest U.S. Equity Deep Buffer ETF - AprilScore 40

Our read on each fund

ETF.net Research

DAPRCFT Vest U.S. Equity Deep Buffer ETF - April

UFEBBInnovator U.S. Equity Ultra Buffer ETF

In short

DAPR Most buffer funds cushion the first 10% of a drop. This one skips that and guards the deeper stretch: you take the first 5% of an S&P 500 slide, the fund targets -5% through -30%. April is its rung on First Trust's monthly ladder.

UFEB No data

Stated mandate

DAPR The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust before fees and expenses, subject to a 12.04% upside cap. It seeks to buffer losses from -5% through -30% during the April 20, 2026-April 16, 2027 target outcome period.

UFEB No data

Why people hold it

  • DAPR Deep-buffer geometry: over each one-year period it seeks to offset S&P 500 losses from -5% through -30%, the zone where a correction becomes a bear market, in exchange for a preset upside cap.ftportfolios.com
  • Resets every April with a fresh cap and a fresh buffer, and it has a sibling for all twelve calendar months, so the series can be laddered instead of timed.
  • The engine is FLEX options on the SPDR S&P 500 ETF Trust: customized, exchange-traded contracts with terms written to match the fund's outcome period.ftportfolios.com
  • The 0.85% fee sits right at the middle of its deep-buffer peer group.

UFEB No data

Worth knowing

  • DAPR The buffer is not a floor. The first 5% of a decline is yours, and past -30% losses resume one for one.ftportfolios.com
  • Cap and buffer are struck for the April-to-April period. Buy mid-period and your own upside room and cushion differ from the headline terms.ftportfolios.com
  • Cheaper deep-buffer wrappers exist: Pacer's Swan SOS Conservative funds (PSCW, PSCX) charge 0.49%.

UFEB No data

Full DAPR profile⁠

Full UFEB profile⁠

DAPR vs UFEB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DAPR vs UFEB Cost

Overpaying DAPR vs UFEB

$1,025

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

  • DAPR 0.85%

    $16,199

  • UFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DAPR 0.85%
  • UFEB 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DAPR $16,199UFEB $15,174

Year by year

YearDAPRUFEBOverpaying
10$1,508$1,405$103
20$5,706$5,331$375
30$16,199$15,174$1,025

Expense ratio

  • 0.85%DAPR
  • 0.79%UFEB, cheaper
  • Middle half of S&P 500 Deep Buffer 25-30% funds
  • Median 0.85%

UFEB 7th cheapest of 19 funds

DAPR 8th cheapest of 19 funds

DAPR vs UFEB Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
DAPR None
UFEB None

Distribution history

DAPRAll DAPR payments⁠

No distribution history available.

UFEBAll UFEB payments⁠

No distribution history available.

DAPR vs UFEB Risk

Fall from peak · 5 years

  • DAPR
  • UFEB
Oct 29, 2021 to Oct 30, 2026. Worst fall: DAPR −10.5% · Apr 2025. Use the arrow keys to read each point.−10%−7.5%−5%−2.5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DAPR 4.7%, betterUFEB 5.9%
Return per unit of riskSharpe ratio, 3 years
DAPR 1.46, betterUFEB 1.43
Worst fallMax drawdown, 5 years
DAPR −10.5%UFEB −9.0%, better
Market sensitivityBeta, 5 years
DAPR 0.29UFEB 0.46

Popular comparisons

  • DAPRCvsPSCXB

    FT Vest U.S. Equity Deep Buffer ETF - April · Pacer Swan SOS Conservative (January) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsPSCXB

    Innovator U.S. Equity Ultra Buffer ETF · Pacer Swan SOS Conservative (January) ETF

    Expense ratio
    0.79% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DAPRCvsPSCQB

    FT Vest U.S. Equity Deep Buffer ETF - April · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsPSCQB

    Innovator U.S. Equity Ultra Buffer ETF · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.79% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DAPRCvsDFEBC

    FT Vest U.S. Equity Deep Buffer ETF - April · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsDFEBC

    Innovator U.S. Equity Ultra Buffer ETF · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.79% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.