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DFEB vs UFEB

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

DFEBCCboe

Innovator U.S. Equity Ultra Buffer ETF

UFEBBCboe

Overlap

Expense ratio

UFEB −0.06pt a year

DFEB0.85%UFEB0.79%

Avg volume · 30D

UFEB 2.4×the volume

DFEB13.6KUFEB32.8K

5Y return · a year

DFEB +0.8pt

DFEB+8.1%UFEB+7.3%

DFEB vs UFEB Performance

Oct 29, 2021 – Oct 30, 2026

+47.8%DFEB+42.2%UFEB

Oct 29, 2021 to Oct 30, 2026. DFEB +47.8%. UFEB +42.2%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
DFEB 0.85%
UFEB 0.79%, better
Fund size
DFEB $456M
UFEB $167M
1Y total return
DFEB +10.2%, better
UFEB +9.7%
Holdings
DFEB 3
UFEB 3
Avg volume (30D)
DFEB 13.6K sh
UFEB 32.8K sh, better
NAV per share
DFEB $51.65
UFEB $39.55
52W range

ETF.net Grade

DFEB: Cost 31, Risk 66, Mission not scored, Tradability 77, Holdings 63, Durability 74. UFEB: Cost 67, Risk 64, Mission not scored, Tradability 63, Holdings not scored, Durability 45.
Pillar letters and Scores for DFEB, UFEB, with each pillar’s weight
PillarDFEBUFEB
Cost30% weightD31B67Higher
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherB64
Tradability15% weightA77HigherB63
Holdings10% weightB63Not scored
Durability5% weightA74HigherC45

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. DFEB 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 DFEB 4th 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 4CDFEBFT Vest U.S. Equity Deep Buffer ETF - FebruaryScore 54
  5. Rank 4CPSCWPacer Swan SOS Conservative (April) ETFScore 54

Our read on each fund

ETF.net Research

DFEBCFT Vest U.S. Equity Deep Buffer ETF - February

UFEBBInnovator U.S. Equity Ultra Buffer ETF

In short

DFEB A buffer with a deductible. DFEB lets the first 5% of a drop in the SPDR S&P 500 ETF Trust land on you, then covers the next 25 points, in exchange for an upside cap that resets every February.

UFEB No data

Stated mandate

DFEB The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust before fees and expenses, subject to an 11.87% upside cap, while protecting against Underlying ETF losses from -5% through -30% during the February 23, 2026–February 19, 2027 outcome period.

UFEB No data

Why people hold it

  • DFEB Deep coverage where it hurts: the fund targets protection against reference-ETF losses from -5% through -30%, a 25-point band, over each one-year outcome period.
  • One of twelve monthly vintages on the same reference ETF (DMAR, DJUN, DDEC and the rest), so entries can be laddered across the calendar instead of hinging on one start date.
  • Running since 2020, it has rolled through several full outcome periods, and it sits in the upper half of its deep-buffer peer group.
  • At 0.85%, the fee sits right at the median for deep-buffer funds tracking this kind of strategy.

UFEB No data

Worth knowing

  • DFEB The trade for depth: you absorb the first 5% of losses yourself, and gains stop at a cap that is reset each February from option pricing at the time.
  • It tracks price return only, so the reference ETF's dividends are not passed along, and the fund has not been paying distributions.
  • Cheaper deep-buffer options exist (PSCX and PSCW run 0.49%), and DFEB trades lightly, so limit orders are the sane way in and out.

UFEB No data

Full DFEB profile⁠

Full UFEB profile⁠

DFEB 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.

DFEB vs UFEB Cost

Overpaying DFEB vs UFEB

$1,025

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

  • DFEB 0.85%

    $16,199

  • UFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DFEB 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$20K051015202530DFEB $16,199UFEB $15,174

Year by year

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

Expense ratio

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

UFEB 7th cheapest of 19 funds

DFEB 8th cheapest of 19 funds

DFEB vs UFEB Dividends

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

Distribution history

DFEBAll DFEB payments⁠

No distribution history available.

UFEBAll UFEB payments⁠

No distribution history available.

DFEB vs UFEB Risk

Fall from peak · 5 years

  • DFEB
  • UFEB
Oct 29, 2021 to Oct 30, 2026. Worst fall: DFEB −10.0% · Mar 2023. Use the arrow keys to read each point.−8%−6%−4%−2%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DFEB 6.1%UFEB 5.9%, better
Return per unit of riskSharpe ratio, 3 years
DFEB 1.57, betterUFEB 1.43
Worst fallMax drawdown, 5 years
DFEB −10.0%UFEB −9.0%, better
Market sensitivityBeta, 5 years
DFEB 0.50UFEB 0.46

Popular comparisons

  • DFEBCvsPSCXB

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

  • DFEBCvsPSCQB

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

  • DFEBCvsPSCWC

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

  • UFEBBvsPSCWC

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