- Issuer
- FT Vest
- Inception Date
- Oct 26, 2021
- Region
- North America (U.S.)
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $145M
Share Price Chart
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Performance
BUFT Performance Chart
FT Cboe Vest Buffered Allocation Defensive ETF (BUFT) is up 5.2% since the beginning of the year. BUFT is currently trading at $26 per share.
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Returns By Period
FT Cboe Vest Buffered Allocation Defensive ETF (BUFT) has returned 5.18% so far this year and 11.55% over the past 12 months.
FT Cboe Vest Buffered Allocation Defensive ETF
- 1D
- 0.02%
- 1M
- 0.98%
- YTD
- 5.18%
- 6M
- 5.81%
- 1Y
- 11.55%
- 3Y*
- 9.95%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
BUFT Monthly Returns History
Based on dividend-adjusted daily data since Oct 27, 2021, BUFT'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, 72% of months were positive and 28% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Apr 2022 at -4.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BUFT closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +4.9%, while the worst single day was Apr 4, 2025 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.41% | 0.30% | 0.12% | 3.31% | 0.92% | 0.06% | 5.18% | ||||||
| 2025 | 1.11% | 0.20% | -1.25% | -0.25% | 3.19% | 1.97% | 0.93% | 0.86% | 0.71% | 0.50% | 0.63% | 0.72% | 9.67% |
| 2024 | 0.78% | 1.05% | 0.66% | -0.28% | 1.93% | 0.48% | 0.50% | 0.60% | 0.28% | 0.33% | 1.08% | 0.07% | 7.72% |
| 2023 | 2.22% | -0.64% | 1.44% | 0.79% | 0.54% | 3.30% | 1.06% | -0.03% | -2.06% | -1.19% | 5.01% | 1.94% | 12.88% |
| 2022 | -0.92% | -0.90% | 1.42% | -4.04% | -0.53% | -3.12% | 2.48% | -1.79% | -3.05% | 2.43% | 1.89% | -2.33% | -8.41% |
| 2021 | 0.10% | -0.64% | 1.25% | 0.70% |
Benchmark Metrics
FT Cboe Vest Buffered Allocation Defensive ETF has an annualized alpha of 1.35%, beta of 0.36, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since October 28, 2021.
- This ETF participated in 30.47% of S&P 500 Index downside but only 30.33% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.36 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.35%
- Beta
- 0.36
- R²
- 0.79
- Upside Capture
- 30.33%
- Downside Capture
- 30.47%
Expense Ratio
BUFT has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BUFT ranks 95 for risk / return — in the top 95% 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 Cboe Vest Buffered Allocation Defensive ETF (BUFT) and compare them to S&P 500 Index.
| BUFT | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.54 | 2.24 | +1.30 |
Sortino ratioReturn per unit of downside risk | 5.97 | 3.07 | +2.90 |
Omega ratioGain probability vs. loss probability | 2.06 | 1.41 | +0.65 |
Calmar ratioReturn relative to maximum drawdown | 5.83 | 2.93 | +2.90 |
Martin ratioReturn relative to average drawdown | 50.92 | 13.52 | +37.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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 Cboe Vest Buffered Allocation Defensive ETF. 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 Cboe Vest Buffered Allocation Defensive ETF was 10.40%, occurring on Sep 30, 2022. Recovery took 239 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -10.40%Sep 2022 | 6mo 4d | 11mo 19d | 1y 5moMar 2022 - Sep 2023 |
2025 selloff2025 | -7.97%Apr 2025 | 1mo 16d | 1mo 4d | 2mo 20dFeb 2025 - May 2025 |
2023 pullback2023 | -4.80%Oct 2023 | 1mo 12d | 18d | 2moSep 2023 - Nov 2023 |
Bear market2022 | -3.75%Mar 2022 | 2mo 13d | 15d | 2mo 28dDec 2021 - Mar 2022 |
2026 pullback2026 | -2.02%Mar 2026 | 6d | 3d | 9dMar 2026 - Apr 2026 |
Drawdown Indicators
| BUFT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.40% | -56.78% | +46.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -9.10% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.97% | -18.90% | +10.93% |
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 | -0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -10.72% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 1.97% | -1.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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