- ISIN
- US33740U2731
- CUSIP
- 33740U273
- Issuer
- First Trust
- Inception Date
- Feb 19, 2026
- Region
- North America (United States)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- SPDR S&P 500 ETF Trust (SPY)
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
DLFE Performance Chart
Loading charts...
Returns By Period
FT Vest U.S. Equity Dual Directional Buffer ETF - February
- 1D
- 0.51%
- 1M
- 0.52%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
DLFE Monthly Returns History
Based on dividend-adjusted daily data since Feb 23, 2026, DLFE's average daily return is +0.06%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 40% of months were positive and 60% were negative. The best month was Apr 2026 with a return of +5.6%, while the worst month was Mar 2026 at -2.8%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, DLFE closed higher 59% of trading days. The best single day was Mar 31, 2026 with a return of +1.8%, while the worst single day was Mar 26, 2026 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.09% | -2.80% | 5.61% | 2.01% | -0.05% | 4.57% |
Benchmark Metrics
FT Vest U.S. Equity Dual Directional Buffer ETF - February has an annualized alpha of 2.68%, beta of 0.49, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since February 23, 2026.
- This ETF participated in 41.82% of S&P 500 Index downside but only 38.83% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 2.68% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.49 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
- 2.68%
- Beta
- 0.49
- R²
- 0.90
- Upside Capture
- 38.83%
- Downside Capture
- 41.82%
Expense Ratio
DLFE has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FT Vest U.S. Equity Dual Directional Buffer ETF - February (DLFE) 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.
| DLFE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the FT Vest U.S. Equity Dual Directional Buffer ETF - February. 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 Dual Directional Buffer ETF - February was 5.03%, occurring on Mar 30, 2026. Recovery took 10 trading sessions.
The current FT Vest U.S. Equity Dual Directional Buffer ETF - February drawdown is 0.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -5.03%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2026 pullback2026 | -1.50%Jun 2026 | 7d | — | 19d 23hJun 2026 - now |
2026 pullback2026 | -0.51%May 2026 | 4d | 2d | 6dMay 2026 - May 2026 |
2026 pullback2026 | -0.47%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.31%Apr 2026 | 1d | 1d | 2dApr 2026 - Apr 2026 |
Drawdown Indicators
| DLFE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.03% | -56.78% | +51.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -0.13% | -2.49% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -10.72% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with DLFE
Add FT Vest U.S. Equity Dual Directional Buffer ETF - February to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with DLFE