XSEP vs. FDND
XSEP (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September) and FDND (FT Vest Dow Jones Internet & Target Income ETF) are both exchange-traded funds - XSEP is a Options Trading fund actively managed by FT Vest, while FDND is a Technology Equities fund actively managed by FT Vest. Both are actively managed. Over the past year, XSEP returned 9.52% vs 1.61% for FDND. Their 0.67 correlation means they have sometimes moved together and sometimes differently. XSEP charges 0.85%/yr vs 0.75%/yr for FDND.
Performance
XSEP vs. FDND - Performance Comparison
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Returns By Period
In the year-to-date period, XSEP achieves a 5.50% return, which is significantly higher than FDND's 0.56% return.
XSEP
- 1D
- 0.15%
- 1M
- 0.71%
- 6M
- 4.92%
- YTD
- 5.50%
- 1Y
- 9.52%
- 3Y*
- 9.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.87%
FDND
- 1D
- 2.22%
- 1M
- 2.80%
- 6M
- 3.79%
- YTD
- 0.56%
- 1Y
- 1.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $52.86K | $42.66K | $64.39K | |
| $106.14K | $129.38K | $326.53K |
XSEP vs. FDND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XSEP FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September | 5.50% | 8.94% | 5.29% |
FDND FT Vest Dow Jones Internet & Target Income ETF | 0.56% | 9.69% | 15.85% |
Correlation
The correlation between XSEP and FDND is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.67 |
The correlation between XSEP and FDND has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.
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Return for Risk
XSEP vs. FDND — Risk / Return Rank
XSEP
FDND
XSEP vs. FDND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP) and FT Vest Dow Jones Internet & Target Income ETF (FDND). 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.
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.
| XSEP | FDND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | -0.08 | +2.68 |
| Martin ratioReturn relative to average drawdown | 13.83 | -0.18 | +14.01 |
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Drawdowns
XSEP vs. FDND - Drawdown Comparison
The maximum XSEP drawdown since its inception was -9.21%, smaller than the maximum FDND drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for XSEP and FDND.
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Drawdown Indicators
| XSEP | FDND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.21% | -24.12% | +14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -20.49% | +16.98% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.97% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -5.84% | +5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 9.05% | -8.39% |
Volatility
XSEP vs. FDND - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP) is 0.79%, while FT Vest Dow Jones Internet & Target Income ETF (FDND) has a volatility of 5.55%. This indicates that XSEP experiences smaller price fluctuations and is considered to be less risky than FDND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSEP | FDND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 5.55% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 15.62% | -11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.86% | 19.58% | -14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 21.40% | -14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 21.40% | -14.49% |
XSEP vs. FDND - Expense Ratio Comparison
XSEP has a 0.85% expense ratio, which is higher than FDND's 0.75% expense ratio.
Dividends
XSEP vs. FDND - Dividend Comparison
XSEP has not paid dividends to shareholders, while FDND's dividend yield for the trailing twelve months is around 8.09%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FDND FT Vest Dow Jones Internet & Target Income ETF | 8.09% | 8.11% | 5.51% |
XSEP FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSEP and FDND have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDND has higher volatility (5.55%) compared to XSEP (0.79%). In terms of maximum drawdown, XSEP dropped -9.21% vs FDND's -24.12%.
On 1-year performance, XSEP leads with 9.52% vs 1.61% for FDND. On fees, FDND is cheaper at 0.75% per year. On volatility, XSEP has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XSEP has performed better with a 9.52% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDND is cheaper with a 0.75% expense ratio, compared with 0.85% for XSEP.
FDND has the higher dividend yield at 8.09%, compared with 0.00% for XSEP.
XSEP is categorized as Options Trading, while FDND is Technology Equities. Their fees differ too: 0.85% for XSEP and 0.75% for FDND.
XSEP currently has the higher Sharpe Ratio (1.88 vs -0.08), 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.
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