(FMAY) Exchange-Traded Fund VIII - Overview
Etf: FLEX Options, SPDR ETF, S&P 500, Equity Buffer
| Risk 5d forecast | |
|---|---|
| Volatility | 6.24% |
| Relative Tail Risk | 1.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.60 |
| Alpha | 0.12 |
| Character TTM | |
|---|---|
| Beta | 0.608 |
| Beta Downside | 0.638 |
| Drawdowns 3y | |
|---|---|
| Max DD | 13.12% |
| CAGR/Max DD | 1.04 |
Description: FMAY Exchange-Traded Fund VIII January 20, 2026
FT Cboe Vest U.S. Equity Buffer ETF – May (BATS: FMAY) is a Defined-Outcome ETF that, under normal market conditions, allocates virtually all of its capital to FLexible EXchange® (FLEX) options tied to the performance of the SPDR S&P 500 ETF (SPY). Because it concentrates its exposure in a single underlying, the fund is classified as non-diversified.
Key metrics (as of the latest filing) show an expense ratio of roughly 0.30% and assets under management near $150 million. The buffer strategy typically offers about 10% downside protection on the S&P 500 while capping upside participation at around 15%, a design that becomes more valuable when VIX-driven volatility spikes. Since the fund’s payoff is driven by large-cap U.S. equities, macro-level drivers such as Federal Reserve policy, earnings growth in the technology sector, and corporate balance-sheet strength materially affect its expected returns.
If you want a deeper, data-rich view of FMAY’s risk-return profile, ValueRay’s analytics platform provides the granular scenario testing you’ll need.
What is the price of FMAY shares?
Over the past week, the price has changed by +0.19%, over one month by +0.37%, over three months by +2.94% and over the past year by +11.16%.
Is FMAY a buy, sell or hold?
What are the forecasts/targets for the FMAY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 60.3 | 11.9% |
FMAY Fundamental Data Overview February 02, 2026
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 = 1.07b USD (1.07b + (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 1.07b)
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 1.07b / 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 = 8.16% (E(1.07b)/V(1.07b) * Re(8.16%) + (debt-free company))
Discount Rate = 8.16% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)