- Issuer
- First Trust
- Inception Date
- Apr 16, 2025
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
APXM Performance Chart
FT Vest U.S. Equity Max Buffer ETF - April (APXM) is up 1.9% since the beginning of the year. APXM is currently trading at $32 per share.
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Returns By Period
FT Vest U.S. Equity Max Buffer ETF - April (APXM) has returned 1.87% so far this year and 4.98% over the past 12 months.
FT Vest U.S. Equity Max Buffer ETF - April
- 1D
- 0.09%
- 1M
- 0.11%
- YTD
- 1.87%
- 6M
- 2.20%
- 1Y
- 4.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
APXM Monthly Returns History
Based on dividend-adjusted daily data since Apr 21, 2025, APXM's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 93% of months were positive and 7% were negative. The best month was Apr 2025 with a return of +1.0%, while the worst month was Jun 2026 at -0.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 1 months.
On a daily basis, APXM closed higher 60% of trading days. The best single day was Apr 22, 2026 with a return of +0.3%, while the worst single day was Jun 5, 2026 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.27% | 0.34% | 0.29% | 0.48% | 0.75% | -0.27% | 1.87% | ||||||
| 2025 | 0.98% | 0.78% | 0.83% | 0.30% | 0.54% | 0.46% | 0.36% | 0.32% | 0.55% | 5.24% |
Benchmark Metrics
FT Vest U.S. Equity Max Buffer ETF - April has an annualized alpha of 4.04%, beta of 0.07, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since April 21, 2025.
- This ETF captured 11.65% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -12.73%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.07 may look defensive, but with R2 of 0.50 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.50 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.04%
- Beta
- 0.07
- R²
- 0.50
- Upside Capture
- 11.65%
- Downside Capture
- -12.73%
Expense Ratio
APXM has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
APXM ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - April (APXM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APXM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 2.23 | 1.34 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 8.35 | 2.53 | +5.82 |
| Martin ratioReturn relative to average drawdown | 61.98 | 11.37 | +50.61 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FT Vest U.S. Equity Max Buffer ETF - April. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FT Vest U.S. Equity Max Buffer ETF - April was 0.60%, occurring on Jun 10, 2026. The portfolio has not yet recovered.
The current FT Vest U.S. Equity Max Buffer ETF - April drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -0.60%Jun 2026 | 7d | — | 10d 19hJun 2026 - now |
2025 selloff2025 | -0.40%May 2025 | 3d | 12d | 15dMay 2025 - Jun 2025 |
2026 pullback2026 | -0.27%Apr 2026 | 1d | 1d | 2dApr 2026 - Apr 2026 |
2025 pullback2025 | -0.23%Nov 2025 | 7d | 4d | 11dNov 2025 - Nov 2025 |
2026 pullback2026 | -0.21%May 2026 | 4d | 3d | 7dMay 2026 - May 2026 |
Drawdown Indicators
| APXM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.60% | -56.78% | +56.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.60% | -9.10% | +8.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.30% | -2.34% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -10.72% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.02% | -1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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