DFEB
FT Vest U.S. Equity Deep Buffer ETF - February
DFEB aims for specific buffered losses and capped gains on SPY shares over a specific holdings period. The actively-managed fund holds options and collateral.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
279.3 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Feb 21, 2020 |
| Assets (mns) | $273 |
| Expense ratio | 85 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.6% | 12.7% | 14.8% | 7.0% | 8.2% | -- | -- | 7.4% |
| Dividend Yield | -2.9% | -5.0% | -3.8% | -2.0% | 0.3% | -- | -- | -0.3% |
| Total Returns | -1.3% | 7.8% | 11.0% | 5.0% | 8.5% | -- | -- | 7.1% | Ann. Volatility | 4.1% | 5.8% | 6.4% | 7.6% | 9.2% | -- | -- | 9.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.46 | 91% |
| MSCI EAFE | 0.37 | 59% |
| MSCI Emg Mkts | 0.28 | 33% |
Liquidity Measures
| Avg. volume (000) | 107 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $41.87 |
| 30d moving avg. | $41.76 |
| Annualized volatility | 8.4% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| DFEB (85 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFEB | 85.0 | 19.3 | 104.3 |
| Peer Avg. | 90.6 | 32.4 | 123.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .