First TrustDefined OutcomeBuffer#215 of 318 by YTD

First Trust Exchange-Traded Fund VIII - FT Vest Nasdaq-100 Conservative Buffer ETF - JulyQCJL

S&P 500 Bucket avg Compare

$25.29+1.8%

+$0.46 · Nov 9 close

Buy

AUM: $101M
Fee: 0.90%
Yield: 0.0%

Bumpy · 1Y: 2662.0×S&P
Volume: 2K
NAV: $24.83

52-week range3% below the high

$0.07$26.00

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+1.8%	+0.2%	+36,028.6%	+36,028.6%	+6.6%	+8.4%	—	—	+25.5%
Peer average	+1.4%	+0.1%	+95.4%	+99.8%	+7.6%	+9.6%	+45.4%	+51.7%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

QCJL in One Breath

QCJL Among Buffer ETFs

YTD

#1QMARFirst Trust+13.8%$603M

#2BAPRInnovator+13.8%$408M

#3KAPRInnovator+13.7%$173M

#4KFEBInnovator+13.6%$37.9M

#5KOCTInnovator+13.4%$169M

#6PQAPPGIM+13.3%$31.6M

#7FMARFirst Trust+13.0%$1.2B

#8APRTAllianzIM+12.9%$46.5M

#197QCJLFirst Trust+6.6%$101M

End-of-day Nov 9, 2026 · 289 Buffer ETFs by YTD

$10,000 in QCJL

$10,000 in QCJL became

$12,551

In the S&P 500 (VOO)

$13,946

Total return, dividends in · Jul 22, 2024 – Nov 9, 2026 · S&P 500 uses VOO

QCJL Returns by Period

Today

YTD

MAX

QCJL

+1.8%

+36,029%

+6.6%

+8.4%

—

+25.5%

Peer average

+1.4%

+95.4%

+99.8%

+7.6%

+9.6%

+45.4%

+51.7%

—

S&P 500 · VOO

+2.3%

−3.3%

−2.1%

+11.3%

+13.6%

+81.6%

+75.4%

—

End-of-day Nov 9, 2026 · total return, dividends in · peers = 374 Buffer ETFs

QCJL’s Defined Outcome Rank

YTD

#215of 318
defined outcome ETFs

Best · SIXH+16.7%

Average+7.4%

QCJL+6.6%

Worst · KBUF−17.4%

Defined Outcome ETFs by YTD return · Nov 9, 2026

QCJL Price and 52-Week Range

From the 52-week high

−2.7%

From the 52-week low

+36026.1%

Today $25.19 – $25.29

Previous close $24.83

$25.29 now

52-week low$0.0752-week high$26.00

End-of-day Nov 9, 2026 · box = today’s range, dashed = previous close

QCJL’s Share of Buffer ETFs

Today

0.1%

of the $85.6B in 375 Buffer ETFs

QCJL$101M0.1%

BUFR$10.8B12.6%

BUFD$2.2B2.6%

372 others$72.5B84.7%

Buffer ETF AUM · Nov 9, 2026

QCJL Fee per $100 vs Peers

Today

$0.90a year
per $100

$90 a year on $10,000

BUFR$0.10

BUFD$0.10

BUFQ$0.10

FJAN$0.85

FMAY$0.85

QCJL$0.90

Expense ratio · Buffer peers · Nov 9, 2026

Inside QCJL

4 holdings

QCJL

First Trust Exchange-Traded Fund VIII - FT Vest Nasdaq-100 Conservative Buffer ETF - July

Today

QCJL reports no holdings we can show: […]

First Trust QCJL · holdings

How It Compares

QCJL

First Trust Exchange-Traded Fund VIII - FT Vest Nasdaq-100 Conservative Buffer ETF - July’s Peers

YTD


BUFR	First TrustRead Desk	0.10%	+8.9%	+11.2%	$10.8B
BUFD	First TrustRead Desk	0.10%	+7.4%	+9.3%	$2.2B
BUFQ	First TrustRead Desk	0.10%	+8.4%	+10.8%	$1.6B
FJAN	First TrustRead Desk	0.85%	+8.9%	+11.8%	$1.5B
FMAY	First TrustRead Desk	0.85%	+6.5%	+8.7%	$1.5B
QCJL	First TrustThis fundRead Desk	0.90%	+6.6%	+8.4%	$101M

Buffer peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put QCJL head to head with BUFR →

BUFR vs QCJL

YTD

BUFRFirst Trust · BufferQCJLFirst Trust · Buffer

Year to date

+8.9%

+6.6%

BUFR wins+2.3 pts

Past year

+11.2%

+8.4%

BUFR wins+2.8 pts

Fee

0.10%

0.90%

BUFR winslower fee

Yield

0.0%

Level

AUM

$10.8B

$101M

BUFR107.4× more

3–0BUFR wins

First Trust BUFR and First Trust QCJL · year-to-date · as of Nov 10, 2026 · AUM not scored

QCJL vs VOO

YTD

QCJL · First Trust Exchange-Traded Fund VIII - FT Vest Nasdaq-100 Conservative Buffer ETF - July

+6.6%

VOO · S&P 500

+11.3%

Gap

4.7 pts

First Trust QCJL and Vanguard VOO · YTD total return · as of Nov 10, 2026

QCJL vs Its Peer Average

YTD

QCJLAvsBPeer average

1D+1.8%+1.4%

1M+36028.6%+95.4%

3M+36028.6%+99.8%

YTD+6.6%+7.6%

1Y+8.4%+9.6%

3Y[…]+45.4%

5Y[…]+51.7%

3–2QCJL wins

374 Buffer peers · each row scaled to its leader

How Bumpy Is QCJL?

View

QCJL

How Bumpy

2662.0×the S&P 500’s swings

CalmerBumpierS&P 1×QCJL

Bumpiest of 7 buffer fundsQCJL

Other buffer funds0.4× to 0.8×

First Trust QCJL · daily swings over the past year vs the S&P 500

QCJL

Worst Drop

−99.7%from its Aug 7 high

Still below the high−2.7%

$10,000 at the high is now$9,730

First Trust QCJL · fall from the highest close, past year

QCJL

On a Bad Day

−484.8×rose, on average, when the S&P 500 fell

QCJL’s worst day: Tuesday, Aug 11

QCJL

−99.7%

S&P 500

−0.3%

Up days45 of every 100

S&P 500 up days52 of every 100

First Trust QCJL · average move on days the S&P 500 fell

QCJL

Return for the Bumps

1Y#7 of 7 buffer funds

#1BUFRFirst Trust

most for the bumps

#2FJANFirst Trust

#3BUFDFirst Trust

calmest ride

#4FAUGFirst Trust

#5BUFQFirst Trust

#6FMAYFirst Trust

#7QCJLFirst Trust

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

QCJL

Cost

Today

$90a year per $10,000

BUFR

$10

BUFD

$10

BUFQ

$10

FJAN

$85

FMAY

$85

FAUG

$85

QCJL

$90

Expense ratio 0.90%, taken from the fund’s value

QCJL

Volatility & Beta

36513.0%annual volatility

S&P 500 volatility13.7%

Downside volatility99.5%

Beta vs SPY−223.98

Correlation vs SPY−0.08

Lowest beta of 7 buffer fundsQCJL

Daily total returns × √252 · past 254 trading days

QCJL

Max Drawdown

−99.7%peak to trough

Peak closeAug 7, 2026

Current drawdown−2.7%

Worst day−99.73% · Aug 11

Closing prices, dividends in

QCJL

Up / Down Capture

−48482%down capture vs SPY

Down days

−48482%

Up days

39%

S&P 500

100%

Up ÷ down capture[…]

Up days45.3% (S&P 52.4%)

Average daily move on SPY up days and down days

QCJL

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
BUFR	0.96	1.36	7.5%	−4.6%	0.54	$10
FJAN	0.95	1.37	8.2%	−5.9%	0.58	$85
BUFD	0.89	1.29	5.9%	−3.4%	0.41	$10
FAUG	0.74	1.04	8.0%	−5.3%	0.55	$85
BUFQ	0.61	0.85	10.8%	−8.2%	0.72	$10
FMAY	0.58	0.81	8.1%	−4.2%	0.56	$85
QCJL	0.00	0.04	36513.0%	−99.7%	−223.98	$90

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

QCJL

Trading

Today

[…]premium / discount: the NAV on file is from an earlier day

Close$25.29

NAV$24.83

Fee per $10,000$90 a year

Avg. volume 30D7K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

QCJL

Fund Facts

Today

2024launched Jul 19

Tracks[…]

Exchange · CUSIPCBOE · 33740F219

StructureETF

Leverage1x

Cost on $10,000$90 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust QCJL · fund facts · as of Nov 10, 2026

QCJL

Payouts by Year

Today

$0no payouts on record

QCJL does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

First Trust QCJL · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗

Trading & Liquidity

Net asset value$24.83

Premium / discount[…]

Median spread · 30D[…]

Volume today2K

Average volume · 30D7K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.90%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$90.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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