{"url":"https://etfiq.com/compare/buffer/fsep-vs-gsep","section":"compare","title":"FSEP vs GSEP: Cap, Buffer & Days Left | ETFIQ","description":"As of Nov 4, 2026 FSEP can gain 15.1% before its cap and GSEP 12.3%. Each can fall 1.5% and 1.7% before its buffer engages, on SPY.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, FSEP or GSEP?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Nov 4, 2026, FSEP can gain about 15.1% before its cap and GSEP about 12.3%, so FSEP has more room left this period."}},{"@type":"Question","name":"Which resets first, FSEP or GSEP?","acceptedAnswer":{"@type":"Answer","text":"FSEP ends its outcome period on Sep 17, 2027 and GSEP on Sep 17, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, FSEP or GSEP?","acceptedAnswer":{"@type":"Answer","text":"FSEP and GSEP both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"FSEP vs GSEP","item":"https://etfiq.com/compare/buffer/fsep-vs-gsep"}]},{"@type":"WebPage","name":"FSEP vs GSEP: Cap, Buffer & Days Left","description":"As of Nov 4, 2026 FSEP can gain 15.1% before its cap and GSEP 12.3%. Each can fall 1.5% and 1.7% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/fsep-vs-gsep","dateModified":"2026-11-04","abstract":"As of Nov 4, 2026 GSEP can fall 1.7% before its buffer engages and FSEP 1.5%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FSEP and GSEP","description":"As of Nov 4, 2026 FSEP can gain 15.1% before its cap and GSEP 12.3%. Each can fall 1.5% and 1.7% before its buffer engages, on SPY.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/fsep-vs-gsep","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6772,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / FSEP vs GSEP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n FSEP vs GSEP: Cap, Buffer & Days Left\n\n As of Nov 4, 2026 GSEP can fall 1.7% before its buffer engages and FSEP 1.5%.\n Copy this for sharing \n \n Both cost 0.85% a year; their one-year returns differ by 2.3 points; FSEP is 3.8 times larger.\n FSEP and GSEP at a glance. As of Nov 4, 2026. Source: ETFIQ. FSEP GSEP \n Expense ratio 0.85% 0.85% \n Net assets, as of Nov 3, 2026 $1.4bn $366m \n Total return, 1 year +13.2% +10.9% \n What it tracks SPY SPY \n Holdings in common not publish","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, FSEP against GSEP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fsep-vs-gsep","a":{"ticker":"FSEP","name":"FT Vest U.S. Equity Buffer ETF - September","issuer":"First Trust","desk":"buffer","as_of":"2026-11-04","verdict":"Since Sep 21, 2026, FSEP returned 0.7%, against SPY's 0.7% price return. It can gain 15.1% more before its cap.","url":"https://etfiq.com/funds/fsep","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"15.1%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"1.5%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"10.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"317","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$1.4bn","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"}]},"b":{"ticker":"GSEP","name":"FT Vest U.S. Equity Moderate Buffer ETF - September","issuer":"First Trust","desk":"buffer","as_of":"2026-11-04","verdict":"Since Sep 21, 2026, GSEP returned 0.8%, against SPY's 0.7% price return. It can gain 12.3% more before its cap.","url":"https://etfiq.com/funds/gsep","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"12.3%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"1.7%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"15.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"317","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$366m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/fsep-vs-gsep"}