FT Cboe Vest U.S. Equity Enhance & Moderate… (XSEP) Performance
XSEP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.8% since Dec 31, 2025
- 1 year
- +8.4% total return
- 3 years
- +10.3% a year
- Since first price
- +10.5% a year since 2022
XSEP trailing returns vs SPY, QQQ, AGG
| Period | XSEP 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 | +1.7% | +1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.4% | +4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +6.8% | +6.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.4% | +8.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +34.3%+10.3%/yr | +34.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 22, 2022 | +50.5%+10.5%/yr | +50.5% | — | — | — |
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: XSEP vs SPY
From Sep 22, 2022: XSEP grew to $15,048, SPY to $21,389.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XSEP returns by calendar year
3 of 3 full years positive. Best 2023 (+16.1%), worst 2024 (+8.4%). 2026 is year to date.
XSEP annual returns table
| Year | XSEP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.8% | −3.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.9% | −9.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.4% | −1.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.1% | −3.5% | +26.2% | +54.9% | +5.7% |
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.
XSEP risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +10.1% | +11.4% |
| Volatility (annualized) | 4.6% | 5.0% |
| Sharpe ratio | 1.18 | 1.30 |
| Sortino ratio | 2.65 | 2.91 |
| Best month | +4.7% | +4.7% |
| Worst month | −1.8% | −1.8% |
| Best 12 months | +13.7% | +16.1% |
| Worst 12 months | +4.1% | +4.1% |
| Positive months | 75% | 75% |
| Beta vs S&P 500 | 0.34 | — |
| Correlation with S&P 500 | 0.93 | — |
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.
XSEP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 38 | +4.1% | +9.2% | +16.1% | 100% |
| 3-year (a year) | 14 | +8.9% | +10.1% | +12.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
XSEP performance overview
FT Cboe Vest U.S. Equity Enhance & Moderate… (XSEP) returned +8.4% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +10.5% a year, turning $10,000 into about $15,048. Over the same year S&P 500 (SPY) returned +14.4%.
Related: XSEP chart. See the XSEP overview for the latest quote and fund facts.
XSEP performance FAQ
What is the XSEP return over the past year?
XSEP returned +8.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.4%.
How much would $10,000 invested in XSEP be worth?
$10,000 invested in XSEP at its first recorded close on September 22, 2022 would be worth about $15,048 on October 23, 2026 with distributions reinvested.
What was the worst year for XSEP?
The worst calendar year was 2024, with a total return of +8.4%. The best was 2023 at +16.1%.
How volatile is XSEP?
Over the past 3 years XSEP had an annualized volatility of 4.6% and a Sharpe ratio of 1.18 (excess return over 1–3 month T-bills per unit of risk).