XFEB - FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February
XFEB aims to provide approximately 2x any positive price returns of the S&P 500 ETF with a predetermined cap. The fund uses options in an effort to moderate losses over a one-year period starting each February. Using SPY is slightly different than using S&P 500 Index FLEX options, what is gained in favorable tax treatment may be lost in higher expense.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $29.6M
- Beta
- 0.36
- 52-Week Range
- 34.61-38.48
- IPO Date
- Feb 20, 2024
- Exchange
- CBOE
XFEB Options Snapshot
Options pricing data for XFEB is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The XFEB overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
XFEB fund facts: expense ratio 0.85%, assets under management $61.5M, NAV $38.41 as of the data source's update on Oct 8, 2026, 6 holdings in its latest file, launched Feb 16, 2024, issued by First Trust. See the XFEB holdings.
Frequently asked XFEB overview questions
- What is XFEB?
- XFEB is the ticker symbol for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February, an listed exchange-traded fund. XFEB aims to provide approximately 2x any positive price returns of the S&P 500 ETF with a predetermined cap. The fund uses options in an effort to moderate losses over a one-year period starting each February. Listed on CBOE. XFEB is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are XFEB's key statistics?
- FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) carries a market capitalization of $29.6M, 52-week range of 34.61-38.48. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does XFEB belong to?
- FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare XFEB's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the XFEB data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for XFEB, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.