FT Cboe Vest U.S. Equity Buffer ETF - February (FFEB) Performance
FFEB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.5% since Dec 31, 2025
- 1 year
- +12.9% total return
- 5 years
- +10.6% a year
- Since first price
- +11.6% a year since 2020
FFEB trailing returns vs SPY, QQQ, AGG
| Period | FFEB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.9% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.0% | +6.0% | +7.8% | +8.4% | −1.5% |
| YTD | +10.5% | +10.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.9% | +12.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +62.8%+17.6%/yr | +62.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +65.8%+10.6%/yr | +65.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 24, 2020 | +107.8%+11.6%/yr | +107.8% | — | — | — |
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: FFEB vs SPY
From Feb 24, 2020: FFEB grew to $20,779, SPY to $25,923.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FFEB returns by calendar year
4 of 5 full years positive. Best 2023 (+20.0%), worst 2022 (−7.5%). 2026 is year to date.
FFEB annual returns table
| Year | FFEB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.5% | −5.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.8% | −11.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.6% | −4.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.0% | −7.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.5% | −13.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.3% | −3.1% | +28.7% | +27.4% | −1.8% |
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.
FFEB largest drawdowns
Now 1.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 24, 2020 | −22.8% | Mar 23, 2020 | Jul 17, 2020 | 28 days | 5 months |
| Feb 9, 2022 | −13.8% | Oct 12, 2022 | Jun 2, 2023 | 8 months | 1.3 years |
| Feb 21, 2025 | −11.9% | Apr 8, 2025 | Jun 3, 2025 | 46 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FFEB risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +17.1% | +11.3% | +12.8% |
| Volatility (annualized) | 7.9% | 9.7% | 10.5% |
| Sharpe ratio | 1.51 | 0.79 | 0.94 |
| Sortino ratio | 3.11 | 1.27 | 1.53 |
| Best month | +7.3% | +7.3% | +9.0% |
| Worst month | −3.8% | −5.8% | −9.1% |
| Best 12 months | +26.6% | +26.6% | +33.5% |
| Worst 12 months | +7.8% | −8.9% | −8.9% |
| Positive months | 78% | 68% | 71% |
| Beta vs S&P 500 | 0.61 | 0.60 | — |
| Correlation with S&P 500 | 0.97 | 0.97 | — |
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.
FFEB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 69 | −8.9% | +14.5% | +33.5% | 86% |
| 3-year (a year) | 45 | +7.6% | +10.5% | +18.2% | 100% |
| 5-year (a year) | 21 | +10.1% | +11.5% | +13.6% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
FFEB performance overview
FT Cboe Vest U.S. Equity Buffer ETF - February (FFEB) returned +12.9% over the past year and +10.6% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.6% a year, turning $10,000 into about $20,779. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.8%, from Feb 24, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. FFEB finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+20.0%) and the worst 2022 (−7.5%). Volatility has been 10.5% a year.
Related: FFEB chart. See the FFEB overview for the latest quote and fund facts.
FFEB performance FAQ
What is the FFEB return over the past year?
FFEB returned +12.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.9%.
What is the average annual return of FFEB?
FFEB has returned +10.6% a year over 5 years, +11.6% a year since February 24, 2020 (total return, distributions reinvested).
How much would $10,000 invested in FFEB be worth?
$10,000 invested in FFEB at its first recorded close on February 24, 2020 would be worth about $20,779 on October 23, 2026 with distributions reinvested.
What was the worst year for FFEB?
The worst calendar year was 2022, with a total return of −7.5%. The best was 2023 at +20.0%.
What is the biggest drawdown of FFEB?
The largest peak-to-trough decline was −22.8% between February 24, 2020 and March 23, 2020. It recovered to the old high on July 17, 2020, 4 months after the bottom.
How volatile is FFEB?
Over the past 3 years FFEB had an annualized volatility of 7.9% and a Sharpe ratio of 1.51 (excess return over 1–3 month T-bills per unit of risk).