DQJN FT Vest Nasdaq-100 Dual Directional Buffer ETF - June

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$29.08
+0.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since Jun 22, 2026, DQJN lost 1.8%, against QQQ's −6.6% price return. 3.4% of its 10.0% buffer is left.

Absorbs the first 10% of loss on QQQ and caps the gain at 21.4%, over a period ending Jun 17, 2027First Trust ↗Expense ratio 0.90%Fund assets $16m on Nov 3, 2026Benchmark QQQFund page at the issuer ↗SEC filings ↗Every First Trust fund ETFIQ covers

Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).

DQJN risk and return scorecard

vs QQQ · Jul 2026 to Oct 2026 · 17 weekly returns · dividend-adjusted

Short history · 4 months
DQJN +0.9%, QQQ −3.0%, Jul 2026 to Oct 2026, distributions reinvested.

17 weekly returns: annualized numbers and ratios need 52.

Return
MeasureDQJNQQQEdge
Total return+0.9%−3.0%DQJN
Price return+0.9%−3.1%DQJN
Risk
MeasureDQJNQQQEdge
Max drawdown−4.9%−8.1%DQJN
Alpha vs QQQ
MeasureDQJNQQQEdge
Beta to QQQ0.571.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Nov 3, 2026
Latest day
$0
Last 5 trading days
$0
Since Oct 2026
$0
No money in or out. 44 days missing.

What you earned

DQJN −4.9%, QQQ price return −8.5%: total return over one month to Nov 4, 2026.
DQJN−4.9%
QQQ−8.5%
DQJN −1.0%, QQQ price return −3.5%: total return over three months to Nov 4, 2026.
DQJN−1.0%
QQQ−3.5%
DQJN −1.9%, QQQ price return −6.2%: total return since launch to Nov 4, 2026.
DQJN−1.9%
QQQ−6.2%

Where does it stand in this outcome period?

Outcome period Jun 22, 2026 to Jun 17, 2027
22.6%
Can still gain from today’s fund price
0.0%
Fall before the buffer from today’s fund price
3.4%
Protection left, index points
225
Days to reset

More on DQJN

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Price since launch, Jun 22, 2026

$29.08+0.6%1 day, priceClose, Nov 4, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

DQJN returns by window: total return, cash paid and price change
WindowTotal returnQQQ price returnGap to QQQ
1M Oct 5 – Nov 4, 2026−4.9%−8.5%+3.6 pts
3M Aug 5 – Nov 4, 2026−1.0%−3.5%+2.5 pts
Since launch Jun 22 – Nov 4, 2026−1.9%−6.2%+4.3 pts

Total returns, distributions reinvested. QQQ's column is its price return, dividends left out: the basis the outcome period uses. Listed Jun 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Email me when DQJN's outcome period resets.

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Buffer working
Buffer workingDQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026.3.4 pts+21.4% more to the cap−10.0% floor0% period start+21.4% capTODAY · QQQ −6.6%Buffer workingDQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026.+21.4% to cap−10.0% floor0% start+21.4% cap3.4 of 10 pts of buffer leftTODAY · QQQ −6.6%

DQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026.

Money in and out

Daily data · as of Nov 3, 2026

DQJN: in the 22 trading days to Nov 3, 2026, nothing net moved.

1D
$0
0.0% of $15.8m on Nov 2, 2026
Nov 3, 2026
5D
$0
0.0% of $16.4m on Oct 27, 2026
Oct 28, 2026 to Nov 3, 2026
Since Oct 2026
$0
Oct 6, 2026 to Nov 3, 2026
Net flow each trading day
Net flow into DQJN each trading day, Aug 4, 2026 to Nov 3, 2026monthly, from SEC filingsdaily, from First TrustAug 4, 2026Nov 3, 2026

DQJN, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 21 days with daily data; the other 44 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 44 days missing.

Net flow into DQJN each trading day, Nov 4, 2025 to Nov 3, 2026monthly, from SEC filingsdaily, from First TrustNov 4, 2025Nov 3, 2026

DQJN, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 21 days with daily data; the other 230 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 230 days missing.

Net flow into DQJN each trading day, Apr 2, 2025 to Nov 3, 2026monthly, from SEC filingsdaily, from First TrustApr 2, 2025Nov 3, 2026

DQJN, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 0 days and went out on 0 days, of the 21 days with daily data; the other 379 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 379 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Oct 6, 2026.

How this is computed

Computed by ETFIQ from First Trust’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for DQJN, back to Oct 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare DQJN with other funds in the flows tool

Every trading day, last 3 months21 days
Nov 3, 2026 $0
Nov 2, 2026 $0
Oct 30, 2026 $0
Oct 29, 2026 $0
Oct 28, 2026 $0
Oct 27, 2026 $0
Oct 26, 2026 $0
Oct 23, 2026 $0
Oct 22, 2026 $0
Oct 21, 2026 $0
Oct 20, 2026 $0
Oct 19, 2026 $0
Oct 16, 2026 $0
Oct 15, 2026 $0
Oct 14, 2026 $0
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 $0
Oct 8, 2026 $0
Oct 7, 2026 $0
Oct 6, 2026 $0 covers 2 trading days

Most recent first.

Week by week, last year5 weeks
Nov 3, 2026 $0 2 days
Oct 30, 2026 $0
Oct 23, 2026 $0
Oct 16, 2026 $0
Oct 9, 2026 $0 4 days

Net flow into DQJN each week, Oct 6, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outOct 2026 to Nov 2026

DQJN, net flow each month from Oct 2026 to Nov 2026: money came in in 0 months and went out in 0 months.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 2 to Nov 3$0$0$0
Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 30$0$0$0

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 5, 2026.

DQJN key stats

High since Jun 22, 2026, daily closes to Nov 4, 2026 (ETFIQ)$30.67 on Oct 6, 2026
Low since Jun 22, 2026, daily closes to Nov 4, 2026 (ETFIQ)$27.92 on Jul 29, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$29.08, 42% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · DQJNas of Nov 4, 2026
80
Liquid67th percentile of 283 buffer ETFs3 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Liquid: trades at a typical spread of 0.17%, and its holdings can absorb $8.5bn a day.

Cost for your order · one way, half its 30-day median spread
$1,000$0.850.085%
$10,000$8.500.085%
$100,000 · estimate$880.088%
Full cost to own · 1 year at $10,000
1.10%fee alone 0.90%
Fee + round-trip spread + median premium paid
Premium or discount to NAV, Nov 3 close+0.07%
−0.2%95% of days within ±0.10% · the 1% band is off this scale+0.2%
Small but liquid
How to tradeLimit: midpoint + 3¢ to buy, midpoint − 3¢ to sell.At the Nov 3 close of $28.90, that’s $28.93 to buy and $28.87 to sell.
Full trading page: components, premium history, dealers →

DQJN for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
DQJN interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

DQJN is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About DQJN

Reference indexQQQ
Buffer10%
Outcome periodJun 22, 2026 to Jun 17, 2027
Starting cap+21.4%
QQQ return since period start−6.6%
Fund return since period start−1.8%
Net assets (issuer page, as of Nov 3, 2026)$16mReport
Band state today (ETFIQ)Buffer working
Can still gain (issuer, fund price)22.6%
Fall before buffer (issuer, fund price)0.0%
Fall to the buffer in index terms (ETFIQ)0.0%
Protection left in index points (ETFIQ)3.4% of 10.0%
Days left in period225
Expense ratio (issuer page, Nov 4, 2026)0.90%Report
How we measure
Issuer-published data as of the date shown; ETFIQ calculations marked. Definitions on the learn page. Method
IQ Investment Committee on DQJN

12 seats on DQJN, as of Nov 4, 2026: 2 Challenges, 8 Not enough data, 2 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put DQJN to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about DQJN

How much can DQJN still gain?
About 22.6% from its price on Nov 4, 2026, before it reaches its cap, by the issuer's published number. The cap for the period was set at +21.4%.
How far can DQJN fall before the buffer helps?
0.0% in fund-price terms on Nov 4, 2026, by the issuer's number. In index terms QQQ can fall 0.0% from that level before the buffer begins. Losses until that point are the holder's.
How much of the DQJN buffer is left?
3.4% of the 10.0% buffer sat below the QQQ level on Nov 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does DQJN reset?
The outcome period ends on Jun 17, 2027, 225 days from the data on Nov 4, 2026. A new cap is set the next day and the buffer starts again.
What does DQJN cost?
The prospectus expense ratio is 0.90% a year.
Sources and dates
Prices, DQJN and QQQ price returnTiingo end-of-day · Nov 4, 2026
Fee, 0.90%Issuer page · Nov 4, 2026
Net assets, $16mIssuer page · Nov 3, 2026

Links are sources, not endorsements.

Cite this pageCitation, APA and Markdown

ETFIQ, DQJN, buffer ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/dqjn

The outcome band for DQJN, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Embed this chart

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DQJN: DQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/buffer/dqjn/" title="DQJN: DQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">DQJN: DQJN: reference −6.6% since period start, fund −1.8%; buffer 0 to −10; cap +21.4%; Buffer working. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/dqjn">ETFIQ</a></figcaption>
</figure>

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