# DECM (FT Vest U.S. Equity Max Buffer ETF - December)

First Trust · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, DECM has reached its cap.

## Key facts

- DECM, past the cap, price drift left: 1.7%, as of Sep 11, 2026.
- DECM, fall before the buffer: 5.0%, as of Sep 11, 2026.
- DECM, protection left, index points: 50.6%, as of Sep 11, 2026.
- DECM, days to reset: 98, as of Sep 11, 2026.
- DECM, net assets: $49m (issuer page, as of Sep 11, 2026).
- DECM, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## DECM over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.7% | +3.3% | −1.6 pts |
| 6 months | +4.4% | +16.0% | −11.6 pts |
| 1 year | +6.3% | +17.5% | −11.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 51% | ETFIQ |
| Outcome period | Dec 22, 2025 to Dec 18, 2026 | ETFIQ |
| Starting cap | +7.0% | ETFIQ |
| SPY return since period start | +12.3% | ETFIQ |
| Fund return since period start | +4.3% | ETFIQ |
| Net assets | $49m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 1.7% | issuer, fund price |
| Fall before buffer | 5.0% | issuer, fund price |
| Fall to the buffer in index terms | 11.0% | ETFIQ |
| Protection left in index points | 50.6% of 50.6% | ETFIQ |
| Days left in period | 98 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can DECM still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +7.0% for this period, which runs from Dec 22, 2025 to Dec 18, 2026.

### How far can DECM fall before the buffer helps?

5.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 11.0% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the DECM buffer is left?

50.6% of the 50.6% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does DECM reset?

The outcome period ends on Dec 18, 2026, 98 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does DECM cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

ETFIQ, DECM, data as of Sep 11, 2026. https://etfiq.com/funds/decm
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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