# QCAP (FT Vest Nasdaq-100® Conservative Buffer ETF - April)

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

As of Sep 11, 2026, QCAP sits between its buffer and its cap, with QQQ up 10.2% since the period began.

## Key facts

- QCAP, can still gain: 7.0%, as of Sep 11, 2026.
- QCAP, fall before the buffer: 5.4%, as of Sep 11, 2026.
- QCAP, protection left, index points: 20.0%, as of Sep 11, 2026.
- QCAP, days to reset: 217, as of Sep 11, 2026.
- QCAP, net assets: $126m (issuer page, as of Sep 11, 2026).
- QCAP, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## QCAP over each window to Sep 11, 2026

| Window | Total return | QQQ | Gap to QQQ |
| --- | --- | --- | --- |
| 3 months | +1.9% | −0.8% | +2.6 pts |
| 6 months | +5.5% | +20.7% | −15.2 pts |
| 1 year | +8.6% | +23.0% | −14.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Apr 20, 2026 to Apr 16, 2027 | ETFIQ |
| Starting cap | +13.0% | ETFIQ |
| QQQ return since period start | +10.2% | ETFIQ |
| Fund return since period start | +4.7% | ETFIQ |
| Net assets | $126m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 7.0% | issuer, fund price |
| Fall before buffer | 5.4% | issuer, fund price |
| Fall to the buffer in index terms | 9.2% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 217 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can QCAP still gain?

About 7.0% 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 +13.0%.

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

5.4% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 9.2% from that level before the buffer begins. Losses until that point are the holder's.

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

20.0% of the 20.0% buffer sat below the QQQ level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does QCAP reset?

The outcome period ends on Apr 16, 2027, 217 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does QCAP cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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