FJAN ETF — FT Vest U.S. Equity Buffer ETF - January

FT Vest U.S. Equity Buffer ETF - January (FJAN)

Updated October 16, 2026.

FJAN is an ETF that tracks the S&P 500 (via SPY). its expense ratio is 0.85%. Total return is 87.4% over the past 5.7 years, 30.2 points behind SPY at 117.6%.

FT Vest U.S. Equity Buffer ETF - January is an ETF that uses FLEX Options to provide exposure to the S&P 500 with a defined structure: it caps upside returns at a predetermined level while buffering the first 10% of losses within each one-year outcome period running February through January. The fund does not currently distribute income and carries an expense ratio of 0.85%. It appeals to equity investors seeking downside protection and defined risk parameters, though the capped upside structure means it forgoes gains above its predetermined ceiling.

FJAN performance versus SPY

Price and return data through 2026-10-16.

Total return is 87.4% over the past 5.7 years, 30.2 points behind SPY at 117.6%. Over the past year its total return — price change plus distributions reinvested — is 13.9%. Its deepest 1-year drawdown was 5.9%.

FJAN key facts

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

01/22/2020

Expense ratio

0.85%

Distribution frequency

None

Last close

$56.73 (as of 2026-10-16)

AUM

$1,480,512,808

Average volume

10859.0

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; Index: S&P 500 (via SPY); 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.

FJAN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.9%.

Who may consider FJAN — and who may not

It is a weaker fit for investors who need monthly cash flow (FJAN 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 FJAN

• All tickers starting with F

Tagged: Downside Protection, Hedged, Options, S&P500.

Frequently asked questions

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