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FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) Alternatives

ETF · Currency in USD · Last updated Jun 4, 2026

FT Vest Nasdaq-100 Moderate Buffer ETF - February is a target outcome ETF that seeks to match the price return of the Invesco QQQ Trust up to a stated upside cap while providing a buffer against the first 15% of losses over the February outcome period.

FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QMFE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QMFE

QMFE charges 0.90% annually. There are 262 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.

SymbolNameExpense RatioAUMInception
JANB
Aptus January Buffer ETF0.25%—Oct 2025QMFE vs JANB
APRB
Aptus April Buffer ETF0.25%—Oct 2025QMFE vs APRB
OCTB
Aptus October Buffer ETF0.25%—Oct 2025QMFE vs OCTB
JULB
Aptus July Buffer ETF0.25%—Oct 2025QMFE vs JULB
FBUF
Fidelity Dynamic Buffered Equity ETF0.48%—Apr 2024QMFE vs FBUF

Best Risk-Adjusted Alternatives to QMFE

QMFE has a PortfoliosLab risk / return rank of 89. There are 75 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April
99
—Mar 2025QMFE vs PMAP
APXM
FT Vest U.S. Equity Max Buffer ETF - April
99
—Apr 2025QMFE vs APXM
MMAX
iShares Large Cap Max Buffer Mar ETF
99
—Mar 2025QMFE vs MMAX
PMMY
PGIM S&P 500 Max Buffer ETF - May
98
—Apr 2025QMFE vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
98
18.90MApr 2025QMFE vs CPSP

Top Performing QMFE Alternatives (YTD)

QMFE is at 9.21% YTD. There are 19 ETFs in the Defined Outcome category with higher YTD returns, going as high as 18.85%.

SymbolNameYTD ReturnAUMInception
NVDO
Leverage Shares 2x Capped Accelerated NVDA Monthly...
18.85%
—Aug 2025QMFE vs NVDO
TMAR
FT Vest Emerging Markets Buffer ETF - March
14.45%
—Mar 2025QMFE vs TMAR
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
13.06%
557.94MMar 2021QMFE vs QMAR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
12.09%
7.34MDec 2024QMFE vs PQAP
UXJL
FT Vest U.S. Equity Uncapped Accelerator ETF - Jul...
11.78%
—Jul 2025QMFE vs UXJL

Lowest Volatility Alternatives to QMFE

QMFE has 6.90% 1-year volatility. There are 174 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.

SymbolNameVolatility 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April1.01%—Apr 2025QMFE vs APXM
PMMY
PGIM S&P 500 Max Buffer ETF - May1.12%—Apr 2025QMFE vs PMMY
PMAP
PGIM S&P 500 Max Buffer ETF - April1.15%—Mar 2025QMFE vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF1.39%—Mar 2025QMFE vs MMAX
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...1.42%18.90MApr 2025QMFE vs CPSP

Lowest Drawdown Alternatives to QMFE

QMFE has a 1-year max drawdown of -4.81%. There are 141 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.

SymbolNameMax Drawdown 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April
-0.27%
—Apr 2025QMFE vs APXM
PMAP
PGIM S&P 500 Max Buffer ETF - April
-0.34%
—Mar 2025QMFE vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF
-0.34%
—Mar 2025QMFE vs MMAX
PMMY
PGIM S&P 500 Max Buffer ETF - May
-0.36%
—Apr 2025QMFE vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
-0.37%
18.90MApr 2025QMFE vs CPSP

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CIBR
First Trust NASDAQ Cybersecurity ETFTechnology Equities, Cybersecurity
26
28.52%
13.68BJul 2015QMFE vs CIBR
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastru...Alternative Energy Equities
79
28.91%
11.29BNov 2009QMFE vs GRID
NFTY
First Trust India NIFTY 50 Equal Weight ETFAsia Pacific Equities
3
-9.70%
133.88MFeb 2012QMFE vs NFTY
AIRR
First Trust RBA American Industrial Renaissance ET...Building & Construction
78
31.77%
10.62BMar 2014QMFE vs AIRR
FDL
First Trust Morningstar Dividend Leaders Index Fun...Large Cap Value Equities, Dividend
70
13.33%
7.39BMar 2006QMFE vs FDL
IGLD
FT Cboe Vest Gold Strategy Target Income ETFPrecious Metals, Gold
28
1.69%
591.41MMar 2021QMFE vs IGLD
FTXL
First Trust Nasdaq Semiconductor ETFSemiconductors, Technology Equities
97
115.70%
2.52BSep 2016QMFE vs FTXL
TDIV
First Trust NASDAQ Technology Dividend Index FundTechnology Equities, Dividend
83
30.57%
4.66BAug 2012QMFE vs TDIV
KNG
FT Cboe Vest S&P 500 Dividend Aristocrats Target I...Dividend, S&P 500
20
2.20%
3.28BMar 2018QMFE vs KNG
QCLN
First Trust NASDAQ Clean Edge Green Energy Index F...Alternative Energy Equities
89
52.94%
895.30MFeb 2007QMFE vs QCLN

Often Compared With QMFE

Investors most often compare QMFE with PMJN, PBFR, PMJL. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
PMJN
PGIM S&P 500 Max Buffer ETF - JuneDefined Outcome, S&P 500
95
2.33%
—May 2025QMFE vs PMJN
PBFR
PGIM Laddered S&P 500 Buffer 20 ETFDefined Outcome, S&P 500
90
4.52%
154.43MJun 2024QMFE vs PBFR
PMJL
PGIM S&P 500 Max Buffer ETF - JulyDefined Outcome—
2.63%
—Jun 2025QMFE vs PMJL
PQOC
PGIM Nasdaq-100 Buffer 12 ETF - OctoberDefined Outcome, Nasdaq-100
73
9.01%
6.88MDec 2024QMFE vs PQOC
PBQQ
PGIM Laddered Nasdaq-100 Buffer 12 ETFDefined Outcome, Nasdaq-100
89
9.10%
15.14MDec 2024QMFE vs PBQQ
ZMAY
Innovator Equity Defined Protection ETF - 1 Yr MayDefined Outcome
97
2.20%
—May 2025QMFE vs ZMAY
IBID
iShares iBonds Oct 2027 Term TIPS ETFInflation-Protected Bonds
97
2.46%
111.60MSep 2023QMFE vs IBID
GSG
iShares S&P GSCI Commodity-Indexed TrustCommodities
71
42.58%
1.04BJul 2006QMFE vs GSG
EAPR
Innovator Emerging Markets Power Buffer ETF - Apri...Defined Outcome
94
11.39%
100.91MMar 2021QMFE vs EAPR
PMAU
PGIM S&P 500 Max Buffer ETF - AugustDefined Outcome, S&P 500—
2.95%
—Jul 2025QMFE vs PMAU
KAPR
Innovator Russell 2000 Power Buffer ETF - AprilDefined Outcome
95
10.96%
214.88MMar 2020QMFE vs KAPR
ROBT
First Trust Nasdaq Artificial Intelligence & Robot...Technology Equities, Robotics
32
14.22%
763.61MFeb 2018QMFE vs ROBT
SMAX
iShares Large Cap Max Buffer Sep ETFDefined Outcome
93
3.09%
—Sep 2024QMFE vs SMAX
KFEB
Innovator U.S. Small Cap Power Buffer ETF - Februa...Defined Outcome
74
11.46%
—Jan 2025QMFE vs KFEB
TWOX
iShares Large Cap Accelerated Outcome ETFDefined Outcome
45
2.15%
—Jan 2025QMFE vs TWOX
CPSM
Calamos S&P 500 Structured Alt Protection ETF - Ma...Defined Outcome, S&P 500
97
2.27%
55.00MMay 2024QMFE vs CPSM
PQJA
PGIM Nasdaq-100 Buffer 12 ETF - JanuaryDefined Outcome, Nasdaq-100
82
8.72%
6.00MDec 2024QMFE vs PQJA
BUFP
PGIM Laddered S&P 500 Buffer 12 ETFDefined Outcome, S&P 500
86
6.23%
183.97MJun 2024QMFE vs BUFP
LJUL
Innovator Premium Income 15 Buffer ETF - JulyDefined Outcome
96
1.80%
—Jun 2024QMFE vs LJUL
ZAPR
Innovator Equity Defined Protection ETF - 1 Yr Apr...Defined Outcome
98
3.25%
—Apr 2025QMFE vs ZAPR

Compare QMFE with Any Fund or Stock

Compare QMFE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair QMFE with funds that move differently

FT Vest Nasdaq-100 Moderate Buffer ETF - February alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMFE.

Explore QMFE Diversifiers