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DJAN vs UFEB

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

DJANCCboe

Innovator U.S. Equity Ultra Buffer ETF

UFEBBCboe

Overlap

Expense ratio

UFEB −0.06pt a year

DJAN0.85%UFEB0.79%

Avg volume · 30D

UFEB 1.8×the volume

DJAN18.1KUFEB32.8K

5Y return · a year

DJAN +0.4pt

DJAN+7.7%UFEB+7.3%

DJAN vs UFEB Performance

Oct 29, 2021 – Oct 30, 2026

+45.2%DJAN+42.2%UFEB

Oct 29, 2021 to Oct 30, 2026. DJAN +45.2%. UFEB +42.2%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
DJAN 0.85%
UFEB 0.79%, better
Fund size
DJAN $459M
UFEB $167M
1Y total return
DJAN +9.5%
UFEB +9.7%, better
Holdings
DJAN 3
UFEB 3
Avg volume (30D)
DJAN 18.1K sh
UFEB 32.8K sh, better
NAV per share
DJAN $46.60
UFEB $39.55
52W range

ETF.net Grade

DJAN: Cost 31, Risk 51, Mission not scored, Tradability 79, Holdings 59, Durability 60. UFEB: Cost 67, Risk 64, Mission not scored, Tradability 63, Holdings not scored, Durability 45.
Pillar letters and Scores for DJAN, UFEB, with each pillar’s weight
PillarDJANUFEB
Cost30% weightD31B67Higher
Mission25% weightNot scoredNot scored
Risk15% weightC51B64Higher
Tradability15% weightA79HigherB63
Holdings10% weightB59Not scored
Durability5% weightB60HigherC45

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. DJAN 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 DJAN 6th 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 4CPSCWPacer Swan SOS Conservative (April) ETFScore 54
  5. Rank 6CDJANFT Vest U.S. Equity Deep Buffer ETF - JanuaryScore 50
  6. Rank 6CDNOVFT Vest U.S. Equity Deep Buffer ETF - NovemberScore 50

Our read on each fund

ETF.net Research

DJANCFT Vest U.S. Equity Deep Buffer ETF - January

UFEBBInnovator U.S. Equity Ultra Buffer ETF

In short

DJAN A deep buffer with a deliberate gap: DJAN wears the first 5% of an S&P 500 slide, then cushions the next 25 points, in exchange for a cap reset every January. Crash cushion, not dip cushion.

UFEB No data

Stated mandate

DJAN The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, before fees and expenses, up to a predetermined upside cap while buffering losses in the underlying ETF's -5% to -30% range during January 20, 2026 through January 15, 2027.

UFEB No data

Why people hold it

  • DJAN Built from FLEX options on the SPDR S&P 500 ETF Trust: declines in that fund between -5% and -30% are buffered across the outcome period, before fees and expenses.ftportfolios.com
  • One rung of a full ladder. First Trust runs a deep buffer fund for every reset month (DMAR, DJUL, DDEC and the rest), so staggering start dates is a simple build.
  • The 0.85% expense ratio sits right at the median for deep buffer funds built on the same reference, so you pay the category's going rate for the options machinery.

UFEB No data

Worth knowing

  • DJAN Protection is paid for with a ceiling: upside stops at a cap set fresh each January. A roaring S&P year leaves part of the rally on the table.
  • The first 5% of decline is yours, and the terms are designed to work over the full period. Buy mid-period and your cap and remaining buffer differ from the headline.ftportfolios.com
  • Cheaper cousins exist in the same deep buffer cohort: Pacer's Swan SOS Conservative funds (PSCX, PSCW) charge 0.49%. DJAN also trades lightly, so limit orders earn their keep.

UFEB No data

Full DJAN profile⁠

Full UFEB profile⁠

DJAN 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.

DJAN vs UFEB Cost

Overpaying DJAN vs UFEB

$1,025

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

  • DJAN 0.85%

    $16,199

  • UFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DJAN 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$20K051015202530DJAN $16,199UFEB $15,174

Year by year

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

Expense ratio

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

UFEB 7th cheapest of 19 funds

DJAN 8th cheapest of 19 funds

DJAN vs UFEB Dividends

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

Distribution history

DJANAll DJAN payments⁠

No distribution history available.

UFEBAll UFEB payments⁠

No distribution history available.

DJAN vs UFEB Risk

Fall from peak · 5 years

  • DJAN
  • UFEB
Oct 29, 2021 to Oct 30, 2026. Worst fall: DJAN −9.6% · Jun 2022. 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
DJAN 6.1%UFEB 5.9%, better
Return per unit of riskSharpe ratio, 3 years
DJAN 1.39UFEB 1.43, better
Worst fallMax drawdown, 5 years
DJAN −9.6%UFEB −9.0%, better
Market sensitivityBeta, 5 years
DJAN 0.48UFEB 0.46

Popular comparisons

  • DJANCvsPSCXB

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

  • DJANCvsPSCQB

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

  • DJANCvsDFEBC

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