# FHDG (FT Vest U.S. Equity Quarterly Dynamic Buffer ETF)

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

As of Sep 11, 2026, FHDG's buffer is absorbing losses, with 7.3% of 7.5% points still beneath SPY.

## Key facts

- FHDG, can still gain: 3.5%, as of Sep 11, 2026.
- FHDG, fall before the buffer: 0.4%, as of Sep 11, 2026.
- FHDG, protection left, index points: 7.3%, as of Sep 11, 2026.
- FHDG, days to reset: 70, as of Sep 11, 2026.
- FHDG, net assets: $74m (issuer page, as of Sep 11, 2026).
- FHDG, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## FHDG over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +3.1% | +3.3% | −0.2 pts |
| 6 months | +9.4% | +16.0% | −6.6 pts |
| 1 year | +13.4% | +17.5% | −4.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 8% | ETFIQ |
| Outcome period | Aug 24, 2026 to Nov 20, 2026 | ETFIQ |
| Starting cap | +3.9% | ETFIQ |
| SPY return since period start | −0.2% | ETFIQ |
| Fund return since period start | +0.2% | ETFIQ |
| Net assets | $74m | issuer page, as of Sep 11, 2026 |
| Band state today | Buffer working | ETFIQ |
| Can still gain | 3.5% | issuer, fund price |
| Fall before buffer | 0.4% | issuer, fund price |
| Fall to the buffer in index terms | 0.0% | ETFIQ |
| Protection left in index points | 7.3% of 7.5% | ETFIQ |
| Days left in period | 70 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can FHDG still gain?

About 3.5% 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 +3.9%.

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

0.4% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 0.0% from that level before the buffer begins. Losses until that point are the holder's.

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

7.3% of the 7.5% 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 FHDG reset?

The outcome period ends on Nov 20, 2026, 70 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does FHDG cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

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

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