FFEB ETF — FT Cboe Vest U.S. Equity Buffer ETF - February

FT Cboe Vest U.S. Equity Buffer ETF - February (FFEB)

Updated October 16, 2026.

FFEB is an ETF. its expense ratio is 0.85%. Total return is 108.1% over the past 6.6 years, 52.3 points behind SPY at 160.4%.

First Trust's FT Cboe Vest U.S. Equity Buffer ETF – February is an equity ETF that invests substantially all of its assets in customized exchange-traded options (FLEX Options) referencing the SPDR S&P 500 ETF Trust, designed to provide downside protection while maintaining exposure to the broad U.S. equity market. The fund does not currently distribute income on an established schedule. With an expense ratio of 0.85%, it appeals to investors seeking equity market participation with built-in buffer strategies against significant downturns.

FFEB performance versus SPY

Price and return data through 2026-10-16.

Total return is 108.1% over the past 6.6 years, 52.3 points behind SPY at 160.4%. Over the past year its total return — price change plus distributions reinvested — is 14.5%. Its deepest 1-year drawdown was 5.7%.

FFEB key facts

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

02/21/2020

Expense ratio

0.85%

Distribution frequency

None

Last close

$62.69 (as of 2026-10-16)

AUM

$1,373,241,998

Average volume

9106.0

Beta

0.61

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FFEB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.7%.

Who may consider FFEB — and who may not

It is a weaker fit for investors who need monthly cash flow (FFEB does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FFEB

• All tickers starting with F

Tagged: Downside Protection, Options, Target.

Frequently asked questions

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