# DLAG (FT Vest U.S. Equity Dual Directional Buffer ETF - August)

First Trust · Buffer ETFs · data as of Sep 21, 2026

As of Sep 21, 2026, DLAG is between its buffer and cap, with SPY up 1.1% since the period began.

## Key facts

- DLAG, can still gain: 11.7%, as of Sep 21, 2026.
- DLAG, fall before the buffer: 1.7%, as of Sep 21, 2026.
- DLAG, protection left, index points: 10.0%, as of Sep 21, 2026.
- DLAG, days to reset: 333, as of Sep 21, 2026.
- DLAG, net assets: $15m (issuer page, as of Sep 18, 2026).
- DLAG, expense ratio: 0.85% (issuer page, Sep 21, 2026).

## DLAG over each window to Sep 21, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.9% | +2.3% | −0.3 pts |
| 6 months | +9.6% | +18.0% | −8.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 10% | ETFIQ |
| Outcome period | Aug 24, 2026 to Aug 20, 2027 | ETFIQ |
| Starting cap | +13.5% | ETFIQ |
| SPY return since period start | +1.1% | ETFIQ |
| Fund return since period start | +0.9% | ETFIQ |
| Net assets | $15m | issuer page, as of Sep 18, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 11.7% | issuer, fund price |
| Fall before buffer | 1.7% | issuer, fund price |
| Fall to the buffer in index terms | 1.0% | ETFIQ |
| Protection left in index points | 10.0% of 10.0% | ETFIQ |
| Days left in period | 333 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 21, 2026 |

## Questions

### How much can DLAG still gain?

About 11.7% from its price on Sep 21, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +13.5%.

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

1.7% in fund-price terms on Sep 21, 2026, by the issuer's figure. In index terms SPY can fall 1.0% from that level before the buffer begins. Losses until that point are the holder's.

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

10.0% of the 10.0% buffer sat below the SPY level on Sep 21, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does DLAG reset?

The outcome period ends on Aug 20, 2027, 333 days from the data on Sep 21, 2026. A new cap is set the next day and the buffer starts again.

### What does DLAG cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

ETFIQ, DLAG, data as of Sep 21, 2026. https://etfiq.com/funds/dlag
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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