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XMAY ETF — FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)
Updated October 16, 2026.
XMAY is an ETF. its expense ratio is 0.85%. Total return is 24.4% over the past 2.4 years, 23.8 points behind SPY at 48.2%.
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May is an ETF that invests substantially all its assets in customized exchange-traded options (FLEX Options) referencing the SPDR S&P 500 ETF Trust, designed to provide moderate downside protection while maintaining equity market exposure. The fund does not currently distribute income to shareholders, with an expense ratio of 0.85%. This ETF appeals to equity investors seeking to moderate portfolio volatility through options-based strategies rather than those pursuing regular dividend income.
XMAY holdings and sector exposure
Holdings are not available for this snapshot.
XMAY performance versus SPY
Price and return data through 2026-10-16.
Total return is 24.4% over the past 2.4 years, 23.8 points behind SPY at 48.2%. Over the past year its total return — price change plus distributions reinvested — is 8.2%. Its deepest 1-year drawdown was 1.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.9% | — |
| 3M | 2.0% | — |
| 6M | 3.8% | — |
| YTD | 5.9% | — |
| 1Y | 8.2% | — |
| 2Y CAGR | — | 8.90% |
| Since inception (2.4 years) | 24.4% | 9.50% |
XMAY key facts
- Issuer
- First Trust
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 05/17/2024
- Expense ratio
- 0.85%
- Distribution frequency
- None
- Last close
- $36.94 (as of 2026-10-16)
- AUM
- $19,428,625
- Average volume
- 816.0
- Beta
- 0.2716
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.
XMAY risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.8%.
Who may consider XMAY — and who may not
It is a weaker fit for investors who need monthly cash flow (XMAY 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 XMAY
Frequently asked questions
Does XMAY pay monthly?
No. XMAY does not currently distribute.
What is XMAY's expense ratio?
XMAY's expense ratio is 0.85%.
When does XMAY pay a dividend?
XMAY does not currently distribute.
How has XMAY performed?
Total return is 24.4% over the past 2.4 years, 23.8 points behind SPY at 48.2%. Over the past year its total return — price change plus distributions reinvested — is 8.2%. Its deepest 1-year drawdown was 1.8%.
More securities from First Trust.
Tickers
Holdings as-of date unavailable.
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