# SQBA (FT Vest U.S. Equity Quarterly 15 Buffer ETF)

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

As of Sep 11, 2026, SQBA's buffer is absorbing losses, with 14.8% of 15.0% points still beneath SPY.

## Key facts

- SQBA, can still gain: 2.2%, as of Sep 11, 2026.
- SQBA, fall before the buffer: 0.4%, as of Sep 11, 2026.
- SQBA, protection left, index points: 14.8%, as of Sep 11, 2026.
- SQBA, days to reset: 70, as of Sep 11, 2026.
- SQBA, net assets: $3m (issuer page, as of Sep 11, 2026).
- SQBA, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Aug 24, 2026 to Nov 20, 2026 | ETFIQ |
| Starting cap | +2.6% | ETFIQ |
| SPY return since period start | −0.2% | ETFIQ |
| Fund return since period start | +0.1% | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 11, 2026 |
| Band state today | Buffer working | ETFIQ |
| Can still gain | 2.2% | 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 | 14.8% of 15.0% | ETFIQ |
| Days left in period | 70 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can SQBA still gain?

About 2.2% 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 +2.6%.

### How far can SQBA 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 SQBA buffer is left?

14.8% of the 15.0% 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 SQBA 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 SQBA cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

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

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