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FT Vest U.S. Equity Max Buffer ETF - September (SE...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FT Vest U.S. Equity Max Buffer ETF - September (SEPM)

ETF · Currency in USD · Last updated Apr 14, 2026

FT Vest U.S. Equity Max Buffer ETF - September is a target outcome ETF that uses FLEX options to seek SPDR S&P 500 ETF Trust price returns up to a cap while providing a defined downside buffer over the September outcome period.

ETF Info

ISIN
US33740U5544
CUSIP
33740U554
Issuer
First Trust
Inception Date
Sep 20, 2024
Region
North America (U.S.)
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
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 Max Buffer ETF - September

Performance

SEPM Performance Chart

FT Vest U.S. Equity Max Buffer ETF - September (SEPM) is up 1.0% since the beginning of the year. SEPM is currently trading at $32 per share.

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S&P 500 Index

Returns By Period

FT Vest U.S. Equity Max Buffer ETF - September (SEPM) has returned 0.97% so far this year and 8.94% over the past 12 months.

FT Vest U.S. Equity Max Buffer ETF - September

1D
0.20%
1M
1.22%
YTD
0.97%
6M
2.16%
1Y
8.94%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
1.02%
1M
3.83%
YTD
0.60%
6M
3.48%
1Y
28.39%
3Y*
18.51%
5Y*
10.79%
10Y*
12.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEPM Monthly Returns History

Based on dividend-adjusted daily data since Sep 23, 2024, SEPM's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 75% of months were positive and 25% were negative. The best month was May 2025 with a return of +1.9%, while the worst month was Mar 2025 at -1.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 2 months.

On a daily basis, SEPM closed higher 61% of trading days. The best single day was Apr 9, 2025 with a return of +1.8%, while the worst single day was Apr 4, 2025 at -1.2%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.45%0.08%-0.99%1.44%0.97%
20250.85%0.01%-1.17%0.13%1.86%1.50%0.72%0.86%0.50%0.47%0.24%0.48%6.61%
2024-0.02%-0.11%1.10%-0.14%0.82%

Benchmark Metrics

FT Vest U.S. Equity Max Buffer ETF - September has an annualized alpha of 2.68%, beta of 0.20, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since September 24, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.75%) than losses (10.91%) — typical of diversified or defensive assets.
  • 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 0.20 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
0.20
R²
0.91
Upside Capture
23.75%
Downside Capture
10.91%

Expense Ratio

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

Return for Risk

Risk / Return Rank

SEPM ranks 88 for risk / return — in the top 88% 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.

SEPM Risk / Return Rank: 8888
Overall Rank
SEPM Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
SEPM Sortino Ratio Rank: 9292
Sortino Ratio Rank
SEPM Omega Ratio Rank: 9191
Omega Ratio Rank
SEPM Calmar Ratio Rank: 8282
Calmar Ratio Rank
SEPM Martin Ratio Rank: 9191
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 Max Buffer ETF - September (SEPM) and compare them to a chosen benchmark (S&P 500 Index).

SEPMBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

3.04

2.17

+0.87

Sortino ratio

Return per unit of downside risk

4.84

3.02

+1.82

Omega ratio

Gain probability vs. loss probability

1.66

1.41

+0.25

Calmar ratio

Return relative to maximum drawdown

4.70

2.88

+1.82

Martin ratio

Return relative to average drawdown

22.74

13.00

+9.74

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 SEPM risk-adjusted metrics in detail

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

SEPM Sortino RatioSEPM Sharpe Ratio

Dividends

Dividend History

FT Vest U.S. Equity Max Buffer ETF - September 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 Max 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 Vest U.S. Equity Max Buffer ETF - September was 3.88%, occurring on Apr 8, 2025. Recovery took 25 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-3.88%Feb 20, 202534Apr 8, 202525May 14, 202559
-1.82%Feb 26, 202623Mar 30, 20267Apr 9, 202630
-1.07%Oct 29, 202517Nov 20, 20258Dec 3, 202525
-0.68%Dec 5, 202411Dec 19, 202416Jan 15, 202527
-0.62%May 20, 20254May 23, 20255Jun 2, 20259

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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