- ISIN
- US33740F2508
- Issuer
- First Trust
- Inception Date
- May 17, 2024
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $38.28K
Share Price Chart
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Performance
XMAY Performance Chart
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) is up 4.1% since the beginning of the year. XMAY is currently trading at $36 per share.
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Returns By Period
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) has returned 4.06% so far this year and 8.48% over the past 12 months.
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May
- 1D
- 0.39%
- 1M
- 0.62%
- 6M
- 3.57%
- YTD
- 4.06%
- 1Y
- 8.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.51%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XMAY Monthly Returns History
Based on dividend-adjusted daily data since May 20, 2024, XMAY's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 78% of months were positive and 22% were negative. The best month was May 2025 with a return of +2.7%, while the worst month was Mar 2025 at -1.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 1 months.
On a daily basis, XMAY closed higher 62% of trading days. The best single day was Apr 9, 2025 with a return of +5.8%, while the worst single day was Apr 4, 2025 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 0.37% | -0.62% | 2.17% | 1.13% | -0.09% | 0.58% | 4.06% | |||||
| 2025 | 1.10% | 0.18% | -1.11% | 0.34% | 2.73% | 2.19% | 0.92% | 0.89% | 0.93% | 0.45% | 0.60% | 0.82% | 10.44% |
| 2024 | -0.27% | 1.68% | 0.74% | 1.38% | 0.82% | -0.06% | 1.90% | -0.11% | 6.22% |
Benchmark Metrics
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May has an annualized alpha of 2.26%, beta of 0.42, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since May 20, 2024.
- This ETF captured 32.32% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.02%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 2.26% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.42 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
- 2.26%
- Beta
- 0.42
- R²
- 0.84
- Upside Capture
- 32.32%
- Downside Capture
- -0.02%
Expense Ratio
XMAY has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XMAY ranks 90 for risk / return — above 90% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) 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.
| XMAY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 2.00 | +2.49 |
| Martin ratioReturn relative to average drawdown | 20.61 | 8.49 | +12.12 |
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 Vest U.S. Equity Enhance & Moderate Buffer ETF - May. 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 Enhance & Moderate Buffer ETF - May was 8.24%, occurring on Apr 8, 2025. Recovery took 17 trading sessions.
The current FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May drawdown is 0.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-8.24%Apr 2025 | 1mo 17d | 24d | 2mo 11dFeb 2025 - May 2025 | 2025 selloff2025 |
-3.39%Aug 2024 | 19d | 11d | 1moJul 2024 - Aug 2024 | — |
-1.78%Mar 2026 | 1mo 2d | 9d | 1mo 11dFeb 2026 - Apr 2026 | — |
-1.65%Jun 2026 | 8d | 26d | 1mo 4dJun 2026 - Jul 2026 | — |
-1.57%Sep 2024 | 3d | 7d | 10dSep 2024 - Sep 2024 | — |
Drawdown Indicators
| XMAY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.24% | -56.78% | +48.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -9.10% | +7.32% |
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 | -0.04% | -1.58% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -10.70% | +10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.14% | -1.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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