- Issuer
- FT Vest
- Inception Date
- Sep 17, 2020
- Region
- North America (U.S.)
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Buffer Protect Index September
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $1B
Share Price Chart
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Performance
FSEP Performance Chart
FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) is up 5.7% since the beginning of the year. FSEP is currently trading at $55 per share. Investors who bought $1,000 worth of FSEP shares 5 years ago would now be looking at an investment worth $1,603.
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Returns By Period
FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) has returned 5.73% so far this year and 16.29% over the past 12 months.
FT Cboe Vest U.S. Equity Buffer ETF - September
- 1D
- -0.97%
- 1M
- 0.46%
- YTD
- 5.73%
- 6M
- 6.06%
- 1Y
- 16.29%
- 3Y*
- 14.15%
- 5Y*
- 9.90%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
FSEP Monthly Returns History
Based on dividend-adjusted daily data since Sep 21, 2020, FSEP's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +7.4%, while the worst month was Apr 2022 at -5.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FSEP closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.1%, while the worst single day was Apr 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.91% | -0.31% | -2.97% | 6.64% | 2.48% | -0.88% | 5.73% | ||||||
| 2025 | 1.85% | -0.73% | -3.57% | -0.23% | 4.36% | 3.50% | 1.70% | 1.65% | 1.83% | 1.00% | 0.41% | 0.60% | 12.83% |
| 2024 | 1.19% | 2.85% | 1.47% | -1.45% | 3.03% | 1.41% | 0.62% | 1.11% | 0.94% | -0.76% | 3.72% | -1.22% | 13.56% |
| 2023 | 4.60% | -1.63% | 2.67% | 1.10% | 0.38% | 5.85% | 2.68% | -1.24% | -3.73% | -1.39% | 6.57% | 3.27% | 20.23% |
| 2022 | -2.53% | -1.85% | 2.59% | -5.90% | 0.36% | -4.38% | 5.56% | -0.74% | -5.63% | 5.54% | 4.05% | -3.43% | -7.05% |
| 2021 | -1.30% | 1.73% | 2.78% | 1.25% | 0.72% | 0.77% | 0.39% | 0.22% | -1.45% | 4.22% | -0.84% | 2.70% | 11.61% |
Benchmark Metrics
FT Cboe Vest U.S. Equity Buffer ETF - September has an annualized alpha of 1.92%, beta of 0.60, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 22, 2020.
- This ETF participated in 59.88% of S&P 500 Index downside but only 58.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.60 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
- 1.92%
- Beta
- 0.60
- R²
- 0.92
- Upside Capture
- 58.93%
- Downside Capture
- 59.88%
Expense Ratio
FSEP has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSEP ranks 79 for risk / return — better than 79% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) and compare them to S&P 500 Index.
| FSEP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.69 | +0.41 |
| Martin ratioReturn relative to average drawdown | 15.62 | 12.34 | +3.28 |
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 U.S. Equity Buffer ETF - September. 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 U.S. Equity Buffer ETF - September was 13.79%, occurring on Jun 16, 2022. Recovery took 240 trading sessions.
The current FT Cboe Vest U.S. Equity Buffer ETF - September drawdown is 0.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.79%Jun 2022 | 5mo 13d | 11mo 20d | 1y 4moJan 2022 - Jun 2023 |
2025 selloff2025 | -12.37%Apr 2025 | 1mo 17d | 2mo 3d | 3mo 20dFeb 2025 - Jun 2025 |
2023 pullback2023 | -7.41%Oct 2023 | 2mo 27d | 1mo 5d | 4mo 2dAug 2023 - Dec 2023 |
2026 pullback2026 | -5.62%Mar 2026 | 2mo 1d | 15d | 2mo 16dJan 2026 - Apr 2026 |
2020 pullback2020 | -4.94%Oct 2020 | 17d | 10d | 27dOct 2020 - Nov 2020 |
Drawdown Indicators
| FSEP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.79% | -56.78% | +42.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -9.10% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | -18.90% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -13.79% | -25.43% | +11.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.99% | -2.97% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -10.72% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.97% | -0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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