XJAN - First Trust Exchange Traded Fund VIII - FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January
XJAN 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 January. 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
- $40.4M
- Beta
- 0.34
- 52-Week Range
- 35.47-39.64
- IPO Date
- Jan 22, 2024
- Exchange
- CBOE
XJAN Options Snapshot
Options pricing data for XJAN 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 XJAN 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.
XJAN fund facts: expense ratio 0.85%, assets under management $71.1M, NAV $39.48 as of the data source's update on Oct 8, 2026, 6 holdings in its latest file, launched Jan 19, 2024, issued by First Trust. See the XJAN holdings.
Frequently asked XJAN overview questions
- What is XJAN?
- XJAN is the ticker symbol for First Trust Exchange Traded Fund VIII - FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January, an listed exchange-traded fund. XJAN 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 January. Listed on CBOE. XJAN 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 XJAN's key statistics?
- First Trust Exchange Traded Fund VIII - FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN) carries a market capitalization of $40.4M, 52-week range of 35.47-39.64. 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 XJAN belong to?
- First Trust Exchange Traded Fund VIII - FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January 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 XJAN'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 XJAN data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for XJAN, 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.