(DFEB) FT Cboe Vest U.S. Equity - Ratings and Ratios
Options, SPY, Buffer, S&P, FLEX
Description: DFEB FT Cboe Vest U.S. Equity October 24, 2025
DFEB is a U.S.-based “Defined-Outcome” ETF that, under normal market conditions, allocates essentially all of its capital to customized FLEX options on the SPDR S&P 500 ETF (SPY). These exchange-traded contracts let the manager set strike levels, option style and expiration dates, creating a “deep buffer” payoff that caps upside while providing downside protection.
Key quantitative points to watch: (1) the implied volatility of the SPY options term structure, which drives the premium the fund can collect; (2) the buffer width (e.g., a 10-15% downside buffer) relative to the S&P 500’s recent drawdown frequency; and (3) the fund’s expense ratio, which typically ranges from 0.30%-0.50% for similar defined-outcome products, impacting net return after the buffer is breached.
Macro-level drivers that affect DFEB’s performance include U.S. monetary-policy stance (higher rates tend to raise equity volatility, boosting option premiums) and the earnings health of the S&P 500 constituents, especially the technology and consumer-discretionary sectors that dominate SPY’s weighting.
If you want a data-rich, back-tested view of how DFEB’s buffer strategy would have behaved across past market regimes, a quick look at ValueRay’s scenario analysis tools can give you a clearer picture before you commit capital.
DFEB ETF Overview
| Market Cap in USD | 397m |
| Category | Defined Outcome |
| TER | 0.85% |
| IPO / Inception | 2020-02-21 |
DFEB ETF Ratings
| Growth Rating | 76.2% |
| Fundamental | - |
| Dividend Rating | - |
| Return 12m vs S&P 500 | -3.63% |
| Analyst Rating | - |
DFEB Dividends
Currently no dividends paidDFEB Growth Ratios
| Growth Correlation 3m | 93.3% |
| Growth Correlation 12m | 80.7% |
| Growth Correlation 5y | 85.6% |
| CAGR 5y | 11.38% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.37 |
| CAGR/Mean DD 3y (Pain Ratio) | 11.96 |
| Sharpe Ratio 12m | 0.96 |
| Alpha | 0.24 |
| Beta | 0.490 |
| Volatility | 6.58% |
| Current Volume | 12.8k |
| Average Volume 20d | 12.8k |
| Stop Loss | 45.2 (-3.1%) |
| Signal | 0.75 |
What is the price of DFEB shares?
Over the past week, the price has changed by -0.47%, over one month by +0.19%, over three months by +3.18% and over the past year by +9.89%.
Is FT Cboe Vest U.S. Equity a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of DFEB is around 46.06 USD . This means that DFEB is currently overvalued and has a potential downside of -1.31%.
Is DFEB a buy, sell or hold?
What are the forecasts/targets for the DFEB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 51 | 9.4% |
DFEB Fundamental Data Overview November 04, 2025
Beta = 0.49
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 = 396.6m USD (396.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 396.6m)
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 396.6m / 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 = 7.82% (E(396.6m)/V(396.6m) * Re(7.82%) + (debt-free company))
Discount Rate = 7.82% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for DFEB ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle