FT Cboe Vest U.S. Equity Buffer ETF - April (FAPR) Performance
FAPR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.6% since Dec 31, 2025
- 1 year
- +9.5% total return
- 5 years
- +8.4% a year
- Since first price
- +8.8% a year since 2021
FAPR trailing returns vs SPY, QQQ, AGG
| Period | FAPR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.0% | +0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.7% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +7.6% | +7.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.5% | +9.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.9%+14.4%/yr | +49.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +50.0%+8.4%/yr | +50.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 19, 2021 | +59.2%+8.8%/yr | +59.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FAPR vs SPY
From Apr 19, 2021: FAPR grew to $15,920, SPY to $19,696.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FAPR returns by calendar year
3 of 4 full years positive. Best 2023 (+19.5%), worst 2022 (−10.3%). 2026 is year to date.
FAPR annual returns table
| Year | FAPR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.6% | −2.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.6% | −11.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.1% | −4.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.5% | −6.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.3% | −16.0% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FAPR largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 29, 2022 | −16.0% | Oct 12, 2022 | Jun 30, 2023 | 6 months | 1.3 years |
| Feb 19, 2025 | −11.6% | Apr 8, 2025 | Jul 2, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FAPR risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +14.0% | +9.2% | +8.9% |
| Volatility (annualized) | 5.8% | 9.3% | 9.0% |
| Sharpe ratio | 1.58 | 0.62 | 0.64 |
| Sortino ratio | 3.42 | 0.92 | 0.95 |
| Best month | +6.7% | +6.7% | +6.7% |
| Worst month | −2.5% | −7.4% | −7.4% |
| Best 12 months | +27.1% | +27.1% | +27.1% |
| Worst 12 months | +6.2% | −10.6% | −10.6% |
| Positive months | 83% | 72% | 72% |
| Beta vs S&P 500 | 0.36 | 0.54 | — |
| Correlation with S&P 500 | 0.77 | 0.91 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FAPR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −10.6% | +9.8% | +27.1% | 78% |
| 3-year (a year) | 31 | +7.1% | +12.2% | +16.4% | 100% |
| 5-year (a year) | 7 | +8.3% | +8.7% | +9.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FAPR performance overview
FT Cboe Vest U.S. Equity Buffer ETF - April (FAPR) returned +9.5% over the past year and +8.4% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +8.8% a year, turning $10,000 into about $15,920. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.0%, from Mar 29, 2022 to Oct 12, 2022, and it took 9 months to get back to the old high. FAPR finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+19.5%) and the worst 2022 (−10.3%). Volatility has been 9.0% a year.
Related: FAPR chart. See the FAPR overview for the latest quote and fund facts.
FAPR performance FAQ
What is the FAPR return over the past year?
FAPR returned +9.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.5%.
What is the average annual return of FAPR?
FAPR has returned +8.4% a year over 5 years, +8.8% a year since April 19, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FAPR be worth?
$10,000 invested in FAPR at its first recorded close on April 19, 2021 would be worth about $15,920 on October 23, 2026 with distributions reinvested.
What was the worst year for FAPR?
The worst calendar year was 2022, with a total return of −10.3%. The best was 2023 at +19.5%.
What is the biggest drawdown of FAPR?
The largest peak-to-trough decline was −16.0% between March 29, 2022 and October 12, 2022. It recovered to the old high on June 30, 2023, 9 months after the bottom.
How volatile is FAPR?
Over the past 3 years FAPR had an annualized volatility of 5.8% and a Sharpe ratio of 1.58 (excess return over 1–3 month T-bills per unit of risk).