(FSEP) FT Cboe Vest U.S. Equity - Overview

Exchange: BATS • Country: USA • Currency: USD • Type: Etf • ISIN: US33740U3077

Etf: FLEX Options, S&P 500, Equity, Buffering

Total Rating 39
Risk 67
Buy Signal 0.62
Risk 5d forecast
Volatility 10.2%
Relative Tail Risk 1.47%
Reward TTM
Sharpe Ratio 0.62
Alpha 0.31
Character TTM
Beta 0.623
Beta Downside 0.663
Drawdowns 3y
Max DD 12.37%
CAGR/Max DD 1.14

Description: FSEP FT Cboe Vest U.S. Equity January 25, 2026

FSEP is a U.S.-based Defined-Outcome ETF that invests almost entirely in customized FLEX options linked to the SPDR S&P 500 ETF (SPY). By selecting specific strike prices, styles and expirations, the fund aims to deliver a buffered equity exposure while limiting downside risk, but it remains non-diversified and concentrated in S&P 500 performance.

As of the latest filing (Q4 2025), FSEP holds roughly $210 million AUM, carries an expense ratio of 0.45%, and targets a 10-% buffer on the first 10% of losses over a 12-month horizon. Current market conditions show the S&P 500 up ≈ 4% YTD, while the CBOE SPX IV index sits near 15%, indicating moderate volatility that could affect the buffer’s cost. Recent macro drivers-persistent core inflation around 2.5% and the Fed’s policy rate steady at 5.25%-are keeping equity valuations elevated, especially in the technology sector, which makes up about 27% of the underlying SPY exposure.

For a deeper, data-driven view of how FSEP’s buffer performance stacks up against comparable strategies, you might explore the analytics on ValueRay.

What is the price of FSEP shares?

As of February 08, 2026, the stock is trading at USD 52.06 with a total of 23,578 shares traded.
Over the past week, the price has changed by +0.06%, over one month by +0.21%, over three months by +2.76% and over the past year by +11.48%.

Is FSEP a buy, sell or hold?

FT Cboe Vest U.S. Equity has no consensus analysts rating.

What are the forecasts/targets for the FSEP price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 58.5 12.4%

FSEP Fundamental Data Overview February 04, 2026

Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.15b USD (1.15b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.15b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.15b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.21% (E(1.15b)/V(1.15b) * Re(8.21%) + (debt-free company))
Discount Rate = 8.21% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for FSEP ETF

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle