# DFEB (FT Vest U.S. Equity Deep Buffer ETF - February)

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

As of Sep 11, 2026, DFEB sits between its buffer and its cap, with SPY up 10.9% since the period began.

## Key facts

- DFEB, can still gain: 4.7%, as of Sep 11, 2026.
- DFEB, fall before the buffer: 11.2%, as of Sep 11, 2026.
- DFEB, protection left, index points: 25.0%, as of Sep 11, 2026.
- DFEB, days to reset: 161, as of Sep 11, 2026.
- DFEB, net assets: $447m (issuer page, as of Sep 11, 2026).
- DFEB, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## DFEB over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.5% | +3.3% | −0.8 pts |
| 6 months | +8.0% | +16.0% | −8.0 pts |
| 1 year | +11.4% | +17.5% | −6.1 pts |
| 3 years | +44.4% | +77.9% | −33.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 5% to 30% | ETFIQ |
| Outcome period | Feb 23, 2026 to Feb 19, 2027 | ETFIQ |
| Starting cap | +11.9% | ETFIQ |
| SPY return since period start | +10.9% | ETFIQ |
| Fund return since period start | +6.1% | ETFIQ |
| Net assets | $447m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 4.7% | issuer, fund price |
| Fall before buffer | 11.2% | issuer, fund price |
| Fall to the buffer in index terms | 14.3% | ETFIQ |
| Protection left in index points | 25.0% of 25.0% | ETFIQ |
| Days left in period | 161 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can DFEB still gain?

About 4.7% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +11.9%.

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

11.2% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 14.3% from that level before the buffer begins. Losses until that point are the holder's.

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

25.0% of the 25.0% 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 DFEB reset?

The outcome period ends on Feb 19, 2027, 161 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does DFEB cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

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

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