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FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG)

ETF · Currency in USD · Last updated Apr 15, 2026

The FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG) is an actively managed defined outcome ETF that seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (SPY), up to a cap, while buffering against losses between 2.5% and 15% over a three-month target outcome period. The fund resets its buffer and cap each calendar quarter, investing in FLEX Options referencing SPY to implement its defined outcome strategy.

ETF Info

Issuer
First Trust
Inception Date
Oct 18, 2024
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF

Performance

DHDG Performance Chart

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG) is up 2.8% since the beginning of the year. DHDG is currently trading at $35 per share.

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S&P 500 Index

Returns By Period

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG) has returned 2.76% so far this year and 15.85% over the past 12 months.

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF

1D
0.89%
1M
2.64%
YTD
2.76%
6M
5.31%
1Y
15.85%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
0.80%
1M
4.83%
YTD
2.59%
6M
5.27%
1Y
30.14%
3Y*
19.29%
5Y*
10.91%
10Y*
12.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DHDG Monthly Returns History

Based on dividend-adjusted daily data since Oct 21, 2024, DHDG's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +3.9%, while the worst month was Mar 2025 at -2.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.

On a daily basis, DHDG closed higher 61% of trading days. The best single day was Apr 9, 2025 with a return of +3.9%, while the worst single day was Apr 4, 2025 at -2.5%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.82%-0.30%-2.60%3.93%2.76%
20252.14%-0.51%-2.74%2.31%2.20%1.03%0.67%1.32%1.61%1.95%0.42%0.59%11.43%
2024-1.07%3.27%-1.65%0.48%

Benchmark Metrics

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF has an annualized alpha of 4.26%, beta of 0.41, and R² of 0.85 versus S&P 500 Index. Calculated based on daily prices since October 22, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (48.41%) than losses (34.59%) — typical of diversified or defensive assets.
  • This ETF generated an annualized alpha of 4.26% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • Beta of 0.41 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
4.26%
Beta
0.41
R²
0.85
Upside Capture
48.41%
Downside Capture
34.59%

Expense Ratio

DHDG has an expense ratio of 0.85%, placing it in the medium range.

Return for Risk

Risk / Return Rank

DHDG ranks 83 for risk / return — in the top 83% 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.

DHDG Risk / Return Rank: 8383
Overall Rank
DHDG Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
DHDG Sortino Ratio Rank: 8686
Sortino Ratio Rank
DHDG Omega Ratio Rank: 9090
Omega Ratio Rank
DHDG Calmar Ratio Rank: 7777
Calmar Ratio Rank
DHDG Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG) and compare them to a chosen benchmark (S&P 500 Index).

DHDGBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.83

2.30

+0.54

Sortino ratio

Return per unit of downside risk

4.19

3.18

+1.01

Omega ratio

Gain probability vs. loss probability

1.62

1.43

+0.19

Calmar ratio

Return relative to maximum drawdown

4.50

3.40

+1.09

Martin ratio

Return relative to average drawdown

18.42

15.35

+3.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore DHDG risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

DHDG Sortino RatioDHDG Sharpe Ratio

Dividends

Dividend History

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF doesn't pay dividends

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 Quarterly 2.5 to 15 Buffer 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 Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF was 8.26%, occurring on Apr 8, 2025. Recovery took 27 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.26%Feb 20, 202534Apr 8, 202527May 16, 202561
-3.66%Feb 26, 202622Mar 27, 202612Apr 15, 202634
-3.12%Dec 12, 202419Jan 10, 20257Jan 22, 202526
-2.12%Oct 29, 202517Nov 20, 20255Nov 28, 202522
-1.42%Dec 12, 20254Dec 17, 20253Dec 22, 20257

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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