XJAN FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January

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$39.57
+0.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since Jan 20, 2026, XJAN returned 7.3%, against SPY's 10.8% price return. It can gain 1.7% more before its cap.

Absorbs the first 15% of loss on SPY and caps the gain at 9.9%, over a period ending Jan 15, 2027First Trust ↗Expense ratio 0.85%Fund assets $72m on Nov 3, 2026Benchmark SPYFund 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).

XJAN risk and return scorecard

vs SPY · Feb 2024 to Oct 2026 · 143 weekly returns · dividend-adjusted

Short history · 33 months
XJAN +26.4%, SPY +57.9%, Feb 2024 to Oct 2026, distributions reinvested.
Return
MeasureXJANSPYEdge
Total return+26.4%+57.9%SPY
Annualized+8.9%+18.1%SPY
Price return+26.4%+52.9%SPY
Risk
MeasureXJANSPYEdge
Volatility5.9%14.2%XJAN
Max drawdown−8.7%−16.9%XJAN
Upside capture26.4%100.0%SPY
Downside capture34.0%100.0%XJAN
Risk-adjusted
MeasureXJANSPYEdge
Sharpe ratio0.740.93SPY
Sortino ratio1.041.43SPY
Alpha vs SPY
MeasureXJANSPYEdge
Alpha, a year−0.6%Not significant
Alpha t-stat−0.37
Beta to SPY0.371.00Lower 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
12 months to Aug 31, 2026
−$6.2m
In on 1 day, out on 1. 44 days missing.

What you earned

XJAN +0.3%, SPY price return −1.0%: total return over one month to Nov 4, 2026.
XJAN+0.3%
SPY−1.0%
XJAN +1.7%, SPY price return −0.4%: total return over three months to Nov 4, 2026.
XJAN+1.7%
SPY−0.4%
XJAN +4.3%, SPY price return +4.5%: total return over six months to Nov 4, 2026.
XJAN+4.3%
SPY+4.5%
XJAN +7.4%, SPY price return +12.4%: total return over the year to Nov 4, 2026.
XJAN+7.4%
SPY+12.4%
XJAN +9.2%, SPY price return +13.6%: total return over one year to Nov 4, 2026.
XJAN+9.2%
SPY+13.6%
XJAN +27.9%, SPY price return +58.6%: total return since launch to Nov 4, 2026.
XJAN+27.9%
SPY+58.6%

Where does it stand in this outcome period?

Outcome period Jan 20, 2026 to Jan 15, 2027
1.7%
Can still gain from today’s fund price
7.6%
Fall before the buffer from today’s fund price
15.0%
Protection left, index points
72
Days to reset

More on XJAN

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Price, 1 year

$39.57+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.

XJAN returns by window: total return, cash paid and price change
WindowTotal returnSPY price returnGap to SPY
1M Oct 5 – Nov 4, 2026+0.3%−1.0%+1.3 pts
3M Aug 5 – Nov 4, 2026+1.7%−0.4%+2.1 pts
6M May 6 – Nov 4, 2026+4.3%+4.5%−0.2 pts
YTD Dec 31, 2025 – Nov 4, 2026+7.4%+12.4%−5.0 pts
1Y Nov 4, 2025 – Nov 4, 2026+9.2%+13.6%−4.4 pts
Since launch Jan 22, 2024 – Nov 4, 2026+27.9%+58.6%−30.7 pts
Since launch, annualised Jan 22, 2024 – Nov 4, 2026+9.2%––

Total returns, distributions reinvested. SPY's column is its price return, dividends left out: the basis the outcome period uses. Listed Jan 2024: no 3 years windows.

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

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At its cap
At its capXJAN: reference +10.8% since period start, fund +7.3%; buffer 0 to −15; cap +9.9%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.9% gain captured−15.0% floor0% period start+9.9% capTODAY · SPY +10.8%At its capXJAN: reference +10.8% since period start, fund +7.3%; buffer 0 to −15; cap +9.9%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.9%−15.0% floor0% start+9.9% capTODAY · SPY +10.8%

XJAN: reference +10.8% since period start, fund +7.3%; buffer 0 to −15; cap +9.9%; At its cap. Data to Nov 4, 2026.

Money in and out

Daily data · as of Nov 3, 2026

XJAN: in the 22 trading days to Nov 3, 2026, net $990k came in.

1D
$0
0.0% of $71.8m on Nov 2, 2026
Nov 3, 2026
5D
$0
0.0% of $72.1m on Oct 27, 2026
Oct 28, 2026 to Nov 3, 2026
12 months
−$6.2m
−14.9% of $41.9m on Aug 31, 2025
Sep 1, 2025 to Aug 31, 2026
monthly, from SEC filings
Dec 2023 to Aug 2026
+$26.3m
Dec 1, 2023 to Aug 31, 2026
monthly, from SEC filings
Net flow each trading day
Net flow into XJAN each trading day, Aug 4, 2026 to Nov 3, 2026+$2.0m−$985kmonthly, from SEC filingsdaily, from First Trust+$2.0m−$2.0mAug 4, 2026Nov 3, 2026

XJAN, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 1 day and went out on 1 day, 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.

In on 1 day, out on 1. 44 days missing.

Net flow into XJAN each trading day, Nov 4, 2025 to Nov 3, 2026+$2.0m−$985kmonthly, from SEC filingsdaily, from First Trust+$2.0m−$2.0mNov 4, 2025Nov 3, 2026

XJAN, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 1 day and went out on 1 day, 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.

In on 1 day, out on 1. 230 days missing.

Net flow into XJAN each trading day, Apr 2, 2025 to Nov 3, 2026+$2.0m−$985kmonthly, from SEC filingsdaily, from First Trust+$2.0m−$2.0mApr 2, 2025Nov 3, 2026

XJAN, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 1 day and went out on 1 day, 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.

In on 1 day, out on 1. 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 XJAN, back to Dec 2023, is in its flows file. Flows across every fund · How these flows are computed · Compare XJAN 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 −$985k
Oct 16, 2026 +$2.0m
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 −$985k
Oct 16, 2026 +$2.0m
Oct 9, 2026 $0 4 days

Net flow into XJAN 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 outDec 2023 to Nov 2026

XJAN, money in and money out each month from Dec 2023 to Oct 2026: two bars a month, money in above the line and money out below. Bars for Dec 2023 to Aug 2026 are from XJAN’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Sep 2026 has no data. Nov 2026 is still in progress, so it is in the list and not drawn. Of the 35 months listed, money came in on net in 13 and went out in 15.

Bars for Dec 2023 to Aug 2026 are from XJAN’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Of the 35 months listed, money came in on net in 13 and went out in 15.

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+$2.0m−$985k+$990k
Aug 2026 SEC Form N-PORT+$973k−$2.9m−$2.0m
Jul 2026 SEC Form N-PORT$0$0$0
Jun 2026 SEC Form N-PORT$0$0$0
May 2026 SEC Form N-PORT$0−$2.9m−$2.9m
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT+$898k$0+$898k
Feb 2026 SEC Form N-PORT+$5.5m$0+$5.5m
Jan 2026 SEC Form N-PORT+$2.7m−$5.5m−$2.8m
Dec 2025 SEC Form N-PORT$0−$26.7m−$26.7m
Nov 2025 SEC Form N-PORT+$1.8m$0+$1.8m
Oct 2025 SEC Form N-PORT+$901k−$1.8m−$901k
Sep 2025 SEC Form N-PORT+$20.7m$0+$20.7m
Aug 2025 SEC Form N-PORT$0$0$0
Jul 2025 SEC Form N-PORT$0−$1.7m−$1.7m
Jun 2025 SEC Form N-PORT$0−$873k−$873k
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT+$5.6m−$801k+$4.8m
Mar 2025 SEC Form N-PORT+$3.3m−$2.5m+$819k
Feb 2025 SEC Form N-PORT+$6.8m−$856k+$6.0m
Jan 2025 SEC Form N-PORT+$32.1m−$40.6m−$8.5m
Dec 2024 SEC Form N-PORT$0−$30.4m−$30.4m
Nov 2024 SEC Form N-PORT+$833k−$838k−$4k
Oct 2024 SEC Form N-PORT$0−$8.3m−$8.3m
Sep 2024 SEC Form N-PORT+$21.6m−$1.6m+$19.9m
Aug 2024 SEC Form N-PORT$0−$9.8m−$9.8m
Jul 2024 SEC Form N-PORT$0−$15.6m−$15.6m
Jun 2024 SEC Form N-PORT$0−$10.6m−$10.6m
May 2024 SEC Form N-PORT+$800k$0+$800k
Apr 2024 SEC Form N-PORT+$791k−$2.4m−$1.6m
Mar 2024 SEC Form N-PORT+$7.1m−$2.4m+$4.7m
Feb 2024 SEC Form N-PORT+$39.7m−$13.3m+$26.3m
Jan 2024 SEC Form N-PORT+$56.5m$0+$56.5m
Dec 2023 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. 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.

XJAN key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$39.57 on Nov 4, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$35.54 on Mar 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$39.57, 100% 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 · XJANas of Nov 4, 2026
75
Liquid37th percentile of 283 buffer ETFs4 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Liquid: trades at a typical spread of 0.23%, and its holdings can absorb $15bn a day.

Cost for your order · one way, half its 30-day median spread
$1,000$1.150.12%
$10,000$120.12%
$100,000 · estimate$1160.12%
Full cost to own · 1 year at $10,000
1.11%fee alone 0.85%
Fee + round-trip spread + median premium paid
Premium or discount to NAV, Nov 3 close−0.03%
−0.1%95% of days within ±0.05% · the 1% band is off this scale+0.1%
Small but liquid
How to tradeLimit: midpoint + 5¢ to buy, midpoint − 5¢ to sell.At the Nov 3 close of $39.35, that’s $39.40 to buy and $39.30 to sell.
Full trading page: components, premium history, dealers →

XJAN 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%
XJAN interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

XJAN 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 XJAN

Reference indexSPY
Buffer15%
Outcome periodJan 20, 2026 to Jan 15, 2027
Starting cap+9.9%
SPY return since period start+10.8%
Fund return since period start+7.3%
Net assets (issuer page, as of Nov 3, 2026)$72mReport
Band state today (ETFIQ)At cap
Can still gain (issuer, fund price)1.7%
Fall before buffer (issuer, fund price)7.6%
Fall to the buffer in index terms (ETFIQ)9.8%
Protection left in index points (ETFIQ)15.0% of 15.0%
Days left in period72
Expense ratio (issuer page, Nov 4, 2026)0.85%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 XJAN

12 seats on XJAN, as of Nov 4, 2026: 1 Supports, 2 Challenges, 7 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 FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put XJAN to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about XJAN

How much can XJAN still gain?
Nothing more in index terms on Nov 4, 2026. SPY has already passed the cap of +9.9% for this period, which runs from Jan 20, 2026 to Jan 15, 2027.
How far can XJAN fall before the buffer helps?
7.6% in fund-price terms on Nov 4, 2026, by the issuer's number. In index terms SPY can fall 9.8% from that level before the buffer begins. Losses until that point are the holder's.
How much of the XJAN buffer is left?
15.0% of the 15.0% buffer sat below the SPY level on Nov 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does XJAN reset?
The outcome period ends on Jan 15, 2027, 72 days from the data on Nov 4, 2026. A new cap is set the next day and the buffer starts again.
What does XJAN cost?
The prospectus expense ratio is 0.85% a year.
Sources and dates
Prices, XJAN and SPY price returnTiingo end-of-day · Nov 4, 2026
Fee, 0.85%Issuer page · Nov 4, 2026
Net assets, $72mIssuer page · Nov 3, 2026

Links are sources, not endorsements.

Cite this pageCitation, APA and Markdown

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

The outcome band for XJAN, 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.
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XJAN: XJAN: reference +10.8% since period start, fund +7.3%; buffer 0 to −15; cap +9.9%; At its cap. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/buffer/xjan/" title="XJAN: XJAN: reference +10.8% since period start, fund +7.3%; buffer 0 to −15; cap +9.9%; At its cap. Data to Nov 4, 2026." width="640" height="352" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">XJAN: XJAN: reference +10.8% since period start, fund +7.3%; buffer 0 to −15; cap +9.9%; At its cap. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/xjan">ETFIQ</a></figcaption>
</figure>

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