QSPT vs. FFEB

Last updated Jun 4, 2026

QSPT (FT Cboe Vest Nasdaq-100 Buffer ETF – September) and FFEB (FT Vest U.S. Equity Buffer ETF - February) are both exchange-traded funds - QSPT is a Nasdaq-100 fund actively managed by FT Vest, while FFEB is a Defined Outcome fund actively managed by FT Vest. Both are actively managed. Over the past 3 years, QSPT returned 18.70%/yr vs 16.35%/yr for FFEB. Their correlation of 0.88 suggests significant overlap in exposure. QSPT charges 0.90%/yr vs 0.85%/yr for FFEB.

Performance

QSPT vs. FFEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and FT Vest U.S. Equity Buffer ETF - February (FFEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSPT achieves a 9.63% return, which is significantly higher than FFEB's 7.65% return.

QSPT

• 1D: 0.00%
• 1M: 3.30%
• YTD: 9.63%
• 6M: 9.45%
• 1Y: 21.04%
• 3Y*: 18.70%
• 5Y*: —
• 10Y*: —

FFEB

• 1D: -0.30%
• 1M: 2.45%
• YTD: 7.65%
• 6M: 8.55%
• 1Y: 19.32%
• 3Y*: 16.35%
• 5Y*: 11.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QSPT vs. FFEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September	9.63%	14.58%	16.07%	43.15%	-20.38%	4.49%
FFEB FT Vest U.S. Equity Buffer ETF - February	7.65%	13.76%	16.64%	19.95%	-7.51%	5.00%

Correlation

The correlation between QSPT and FFEB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.88

The correlation between QSPT and FFEB has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

QSPT vs. FFEB - Sectors Allocation Comparison

Sectors	QSPT	FFEB
Technology	53.8%	36.2%
Communication Services	16.1%	10.9%
Consumer Cyclical	13.3%	10.1%
Consumer Defensive	4.9%	4.9%
Healthcare	4.5%	8.4%
Industrials	3.7%	8.1%
Utilities	1.4%	2.3%
Basic Materials	1.3%	1.8%
Energy	0.5%	3.5%
Financial Services	0.4%	11.9%
Real Estate	0.2%	1.9%

Return for Risk

QSPT vs. FFEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QSPT

QSPT Risk / Return Rank: 68
QSPT Sharpe Ratio Rank: 68
QSPT Sortino Ratio Rank: 68
QSPT Omega Ratio Rank: 73
QSPT Calmar Ratio Rank: 60
QSPT Martin Ratio Rank: 71

FFEB

FFEB Risk / Return Rank: 82
FFEB Sharpe Ratio Rank: 83
FFEB Sortino Ratio Rank: 87
FFEB Omega Ratio Rank: 88
FFEB Calmar Ratio Rank: 68
FFEB Martin Ratio Rank: 86

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.

QSPT vs. FFEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and FT Vest U.S. Equity Buffer ETF - February (FFEB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QSPT	FFEB	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.73	-0.51
Sortino ratio: Return per unit of downside risk	3.09	3.94	-0.84
Omega ratio: Gain probability vs. loss probability	1.43	1.55	-0.12
Calmar ratio: Return relative to maximum drawdown	2.92	3.39	-0.46
Martin ratio: Return relative to average drawdown	13.08	18.01	-4.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QSPT vs. FFEB - Sharpe Ratio Comparison

The current QSPT Sharpe Ratio is 2.22, which is comparable to the FFEB Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of QSPT and FFEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QSPT	FFEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.73	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.87	-0.04

Drawdowns

QSPT vs. FFEB - Drawdown Comparison

The maximum QSPT drawdown since its inception was -22.64%, roughly equal to the maximum FFEB drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for QSPT and FFEB.

Drawdown Indicators

	QSPT	FFEB	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-22.81%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-5.73%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	-11.89%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.85%	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-4.61%	-2.40%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.08%	+0.53%

Volatility

QSPT vs. FFEB - Volatility Comparison

FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and FT Vest U.S. Equity Buffer ETF - February (FFEB) have volatilities of 1.25% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSPT	FFEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.24%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	5.56%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	9.53%	7.12%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	10.81%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	13.75%	+1.39%

QSPT vs. FFEB - Expense Ratio Comparison

QSPT has a 0.90% expense ratio, which is higher than FFEB's 0.85% expense ratio.

Dividends

QSPT vs. FFEB - Dividend Comparison

Neither QSPT nor FFEB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QSPT and FFEB in my portfolio?

QSPT and FFEB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QSPT or FFEB?

QSPT has higher volatility (1.25%) compared to FFEB (1.24%). In terms of maximum drawdown, QSPT dropped -22.64% vs FFEB's -22.81%.

Which ETF is better, QSPT or FFEB?

On 3-year performance, QSPT leads with 18.70% vs 16.35% for FFEB. On fees, FFEB is cheaper at 0.85% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSPT or FFEB?

Over the 3-year period, QSPT has performed better with a 18.70% return vs 16.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSPT or FFEB?

FFEB is cheaper with a 0.85% expense ratio, compared with 0.90% for QSPT.

Which ETF pays a higher dividend yield, QSPT or FFEB?

QSPT and FFEB have nearly identical dividend yields, around 0.00%.

What is the main difference between QSPT and FFEB?

QSPT is categorized as Nasdaq-100, while FFEB is Defined Outcome. Their fees differ too: 0.90% for QSPT and 0.85% for FFEB.

Which has better risk-adjusted returns?

FFEB currently has the higher Sharpe Ratio (2.73 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.