QMMY ETF — FT Vest NASDAQ-100 Moderate Buffer ETF - May

FT Vest NASDAQ-100 Moderate Buffer ETF - May (QMMY)

Updated October 16, 2026.

QMMY is an ETF. its expense ratio is 0.90%. Total return is 32.7% over the past 2.4 years, 15.5 points behind SPY at 48.2%.

This ETF uses flexible exchange options that reference the Invesco QQQ Trust to provide exposure to the NASDAQ-100 index with a moderate buffer strategy designed for May expiration periods. The fund does not currently distribute income and carries an expense ratio of 0.90%. It appeals to equity investors seeking downside protection through a structured options-based approach rather than traditional dividend income.

QMMY performance versus SPY

Price and return data through 2026-10-16.

Total return is 32.7% over the past 2.4 years, 15.5 points behind SPY at 48.2%. Over the past year its total return — price change plus distributions reinvested — is 8.6%. Its deepest 1-year drawdown was 4.9%.

QMMY key facts

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

05/17/2024

Expense ratio

0.90%

Distribution frequency

None

Last close

$26.51 (as of 2026-10-16)

AUM

$155,079,216

Average volume

21867.0

Beta

0.5257

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.

QMMY risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.9%.

Who may consider QMMY — and who may not

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

• All tickers starting with Q

Tagged: Downside Protection, Options, Target, Nasdaq100.

Frequently asked questions

More securities from First Trust.