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<!-- Copyright(c) 2026 Donnelley Financial Solutions Inc. All Rights Reserved.  -->
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				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="MarketRiskMember" order="18.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_RiskNondiversifiedMember" xlink:label="RiskNondiversifiedMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="RiskNondiversifiedMember" order="19.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_NonUSSecuritiesRiskMember" xlink:label="NonUSSecuritiesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="NonUSSecuritiesRiskMember" order="20.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_OperationalRiskMember" xlink:label="OperationalRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="OperationalRiskMember" order="21.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_OTCDerivativesRiskMember" xlink:label="OTCDerivativesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="OTCDerivativesRiskMember" order="22.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_PortfolioTurnoverRiskMember" xlink:label="PortfolioTurnoverRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="PortfolioTurnoverRiskMember" order="23.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_PremiumDiscountRiskMember" xlink:label="PremiumDiscountRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="PremiumDiscountRiskMember" order="24.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ShortSalesRiskMember" xlink:label="ShortSalesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="ShortSalesRiskMember" order="25.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SignificantExposureRiskMember" xlink:label="SignificantExposureRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="SignificantExposureRiskMember" order="26.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SmallerCompaniesRiskMember" xlink:label="SmallerCompaniesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="SmallerCompaniesRiskMember" order="27.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SpecialTaxRiskMember" xlink:label="SpecialTaxRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="SpecialTaxRiskMember" order="28.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SwapRICTaxRiskMember" xlink:label="SwapRICTaxRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="SwapRICTaxRiskMember" order="29.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_TotalReturnSwapRiskMember" xlink:label="TotalReturnSwapRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="TotalReturnSwapRiskMember" order="30.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_TradingIssuesRiskMember" xlink:label="TradingIssuesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="TradingIssuesRiskMember" order="31.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ValuationRiskMember" xlink:label="ValuationRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="ValuationRiskMember" order="32.0"/>
				<link:loc xlink:type="locator" xlink:href="#ft_VolatilityRiskMember" xlink:label="VolatilityRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="VolatilityRiskMember" order="33.0"/>
			</link:definitionLink>
			<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rr/role/ProspectusOnly">
				<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentDomain" xlink:label="DocumentDomain"/>
				
			</link:definitionLink>
			<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/CoregistrantOnly">           
                <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2026/oef-2026.xsd#oef_AllCoregistrantsMember" xlink:label="AllCoregistrantsMember"/>
                 
            </link:definitionLink>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
            <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
				<link:loc xlink:type="locator" xlink:href="#ft_S000067481Member" xlink:label="S000067481Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000067481Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">First Trust Equity Market Neutral ETF</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000067481Member" xlink:to="label_S000067481Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000067481Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000067481 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000067481Member" xlink:to="label_S000067481Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ft_C000216993Member" xlink:label="C000216993Member"/>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000216993Member" xlink:to="label_S000067481Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000216993Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000216993 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000216993Member" xlink:to="label_C000216993Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ICEBofA3MonthUSTreasuryBillIndexMember" xlink:label="ICEBofA3MonthUSTreasuryBillIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_ICEBofA3MonthUSTreasuryBillIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">ICE BofA 3-Month U.S. Treasury Bill Index (reflects no deduction for fees, expenses or taxes)[Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICEBofA3MonthUSTreasuryBillIndexMember" xlink:to="label_ICEBofA3MonthUSTreasuryBillIndexMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SP500IndexMember" xlink:label="SP500IndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_SP500IndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S&amp;P 500&amp;#174; Index (reflects no deduction for fees, expenses or taxes)[Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SP500IndexMember" xlink:to="label_SP500IndexMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_AuthorizedParticipantConcentrationRiskMember" xlink:label="AuthorizedParticipantConcentrationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_AuthorizedParticipantConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Authorized Participant Concentration Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuthorizedParticipantConcentrationRiskMember" xlink:to="label_AuthorizedParticipantConcentrationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_CashTransactionsRiskMember" xlink:label="CashTransactionsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CashTransactionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cash Transactions Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashTransactionsRiskMember" xlink:to="label_CashTransactionsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_CommodityRegulatoryRiskMember" xlink:label="CommodityRegulatoryRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CommodityRegulatoryRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Commodity Regulatory Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommodityRegulatoryRiskMember" xlink:to="label_CommodityRegulatoryRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_CounterpartyRiskMember" xlink:label="CounterpartyRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Counterparty Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyRiskMember" xlink:to="label_CounterpartyRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_CurrentMarketConditionsRiskMember" xlink:label="CurrentMarketConditionsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CurrentMarketConditionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Current Market Conditions Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentMarketConditionsRiskMember" xlink:to="label_CurrentMarketConditionsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_CyberSecurityRiskMember" xlink:label="CyberSecurityRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CyberSecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cyber Security Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CyberSecurityRiskMember" xlink:to="label_CyberSecurityRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_DepositaryReceiptsRiskMember" xlink:label="DepositaryReceiptsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_DepositaryReceiptsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Depositary Receipts Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositaryReceiptsRiskMember" xlink:to="label_DepositaryReceiptsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_DerivativesRiskMember" xlink:label="DerivativesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_DerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Derivatives Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesRiskMember" xlink:to="label_DerivativesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_EquitySecuritiesRiskMember" xlink:label="EquitySecuritiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_EquitySecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Equity Securities Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesRiskMember" xlink:to="label_EquitySecuritiesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ETFRiskMember" xlink:label="ETFRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_ETFRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">ETF Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ETFRiskMember" xlink:to="label_ETFRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_IndexOrModelConstituentRiskMember" xlink:label="IndexOrModelConstituentRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_IndexOrModelConstituentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Index Or Model Constituent Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndexOrModelConstituentRiskMember" xlink:to="label_IndexOrModelConstituentRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_LargeCapitalizationCompaniesRiskMember" xlink:label="LargeCapitalizationCompaniesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_LargeCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Large Capitalization Companies Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LargeCapitalizationCompaniesRiskMember" xlink:to="label_LargeCapitalizationCompaniesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_LeverageRiskMember" xlink:label="LeverageRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_LeverageRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Leverage Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeverageRiskMember" xlink:to="label_LeverageRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_LiquidityRiskMember" xlink:label="LiquidityRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Liquidity Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityRiskMember" xlink:to="label_LiquidityRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ManagementRiskMember" xlink:label="ManagementRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_ManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Management Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementRiskMember" xlink:to="label_ManagementRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_MarketMakerRiskMember" xlink:label="MarketMakerRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_MarketMakerRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Market Maker Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketMakerRiskMember" xlink:to="label_MarketMakerRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_MarketRiskMember" xlink:label="MarketRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Market Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketRiskMember" xlink:to="label_MarketRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_RiskNondiversifiedMember" xlink:label="RiskNondiversifiedMember"/>
				<link:label xlink:type="resource" xlink:label="label_RiskNondiversifiedMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risk Nondiversified [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiskNondiversifiedMember" xlink:to="label_RiskNondiversifiedMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_NonUSSecuritiesRiskMember" xlink:label="NonUSSecuritiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_NonUSSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Non US Securities Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonUSSecuritiesRiskMember" xlink:to="label_NonUSSecuritiesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_OperationalRiskMember" xlink:label="OperationalRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_OperationalRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Operational Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationalRiskMember" xlink:to="label_OperationalRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_OTCDerivativesRiskMember" xlink:label="OTCDerivativesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_OTCDerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">OTC Derivatives Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OTCDerivativesRiskMember" xlink:to="label_OTCDerivativesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_PortfolioTurnoverRiskMember" xlink:label="PortfolioTurnoverRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_PortfolioTurnoverRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Portfolio Turnover Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortfolioTurnoverRiskMember" xlink:to="label_PortfolioTurnoverRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_PremiumDiscountRiskMember" xlink:label="PremiumDiscountRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_PremiumDiscountRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Premium Discount Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PremiumDiscountRiskMember" xlink:to="label_PremiumDiscountRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ShortSalesRiskMember" xlink:label="ShortSalesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_ShortSalesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Short Sales Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortSalesRiskMember" xlink:to="label_ShortSalesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SignificantExposureRiskMember" xlink:label="SignificantExposureRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SignificantExposureRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Significant Exposure Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantExposureRiskMember" xlink:to="label_SignificantExposureRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SmallerCompaniesRiskMember" xlink:label="SmallerCompaniesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SmallerCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Smaller Companies Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SmallerCompaniesRiskMember" xlink:to="label_SmallerCompaniesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SpecialTaxRiskMember" xlink:label="SpecialTaxRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SpecialTaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Special Tax Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SpecialTaxRiskMember" xlink:to="label_SpecialTaxRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_SwapRICTaxRiskMember" xlink:label="SwapRICTaxRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SwapRICTaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Swap RIC Tax Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SwapRICTaxRiskMember" xlink:to="label_SwapRICTaxRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_TotalReturnSwapRiskMember" xlink:label="TotalReturnSwapRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_TotalReturnSwapRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Total Return Swap Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalReturnSwapRiskMember" xlink:to="label_TotalReturnSwapRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_TradingIssuesRiskMember" xlink:label="TradingIssuesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_TradingIssuesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Trading Issues Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingIssuesRiskMember" xlink:to="label_TradingIssuesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_ValuationRiskMember" xlink:label="ValuationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_ValuationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Valuation Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValuationRiskMember" xlink:to="label_ValuationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ft_VolatilityRiskMember" xlink:label="VolatilityRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_VolatilityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Volatility Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VolatilityRiskMember" xlink:to="label_VolatilityRiskMember"/>
            </link:labelLink>
         </link:linkbase>
      </xs:appinfo>
  </xs:annotation>
	<xs:element name="S000067481Member" id="ft_S000067481Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="C000216993Member" id="ft_C000216993Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ICEBofA3MonthUSTreasuryBillIndexMember" id="ft_ICEBofA3MonthUSTreasuryBillIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SP500IndexMember" id="ft_SP500IndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="AuthorizedParticipantConcentrationRiskMember" id="ft_AuthorizedParticipantConcentrationRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CashTransactionsRiskMember" id="ft_CashTransactionsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CommodityRegulatoryRiskMember" id="ft_CommodityRegulatoryRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CounterpartyRiskMember" id="ft_CounterpartyRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CurrentMarketConditionsRiskMember" id="ft_CurrentMarketConditionsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CyberSecurityRiskMember" id="ft_CyberSecurityRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="DepositaryReceiptsRiskMember" id="ft_DepositaryReceiptsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="DerivativesRiskMember" id="ft_DerivativesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="EquitySecuritiesRiskMember" id="ft_EquitySecuritiesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ETFRiskMember" id="ft_ETFRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="IndexOrModelConstituentRiskMember" id="ft_IndexOrModelConstituentRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="LargeCapitalizationCompaniesRiskMember" id="ft_LargeCapitalizationCompaniesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="LeverageRiskMember" id="ft_LeverageRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="LiquidityRiskMember" id="ft_LiquidityRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ManagementRiskMember" id="ft_ManagementRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="MarketMakerRiskMember" id="ft_MarketMakerRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="MarketRiskMember" id="ft_MarketRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="RiskNondiversifiedMember" id="ft_RiskNondiversifiedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="NonUSSecuritiesRiskMember" id="ft_NonUSSecuritiesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="OperationalRiskMember" id="ft_OperationalRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="OTCDerivativesRiskMember" id="ft_OTCDerivativesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="PortfolioTurnoverRiskMember" id="ft_PortfolioTurnoverRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="PremiumDiscountRiskMember" id="ft_PremiumDiscountRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ShortSalesRiskMember" id="ft_ShortSalesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SignificantExposureRiskMember" id="ft_SignificantExposureRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SmallerCompaniesRiskMember" id="ft_SmallerCompaniesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SpecialTaxRiskMember" id="ft_SpecialTaxRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SwapRICTaxRiskMember" id="ft_SwapRICTaxRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="TotalReturnSwapRiskMember" id="ft_TotalReturnSwapRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="TradingIssuesRiskMember" id="ft_TradingIssuesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ValuationRiskMember" id="ft_ValuationRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="VolatilityRiskMember" id="ft_VolatilityRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>

</xs:schema>
