# QDEC (FT Vest Nasdaq-100® Buffer ETF - December)

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

As of Sep 11, 2026, QDEC sits between its buffer and its cap, with QQQ up 15.8% since the period began.

## Key facts

- QDEC, can still gain: 5.2%, as of Sep 11, 2026.
- QDEC, fall before the buffer: 11.1%, as of Sep 11, 2026.
- QDEC, protection left, index points: 10.0%, as of Sep 11, 2026.
- QDEC, days to reset: 98, as of Sep 11, 2026.
- QDEC, net assets: $703m (issuer page, as of Sep 11, 2026).
- QDEC, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## QDEC over each window to Sep 11, 2026

| Window | Total return | QQQ | Gap to QQQ |
| --- | --- | --- | --- |
| 3 months | +2.7% | −0.8% | +3.5 pts |
| 6 months | +13.7% | +20.7% | −7.0 pts |
| 1 year | +18.2% | +23.0% | −4.8 pts |
| 3 years | +59.0% | +95.1% | −36.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 10% | ETFIQ |
| Outcome period | Dec 22, 2025 to Dec 18, 2026 | ETFIQ |
| Starting cap | +18.2% | ETFIQ |
| QQQ return since period start | +15.8% | ETFIQ |
| Fund return since period start | +11.5% | ETFIQ |
| Net assets | $703m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 5.2% | issuer, fund price |
| Fall before buffer | 11.1% | issuer, fund price |
| Fall to the buffer in index terms | 13.7% | ETFIQ |
| Protection left in index points | 10.0% of 10.0% | ETFIQ |
| Days left in period | 98 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can QDEC still gain?

About 5.2% 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 +18.2%.

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

11.1% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 13.7% from that level before the buffer begins. Losses until that point are the holder's.

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

10.0% of the 10.0% 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 QDEC reset?

The outcome period ends on Dec 18, 2026, 98 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does QDEC cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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