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ETFs

FT Cboe Vest Gold Strategy Quarterly Buffer ETF

BGLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 20 2021
Expense Ratio
0.91%
Type
Global Commodities & Metals
Fund Owner
First Trust
Volume (1m avg. daily)
$218,270
AUM
$15,624,039
Associated Index
SPDR Gold Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
U.S. Treasury Bill 0% due 11/28/2023
94.04%
n/a
2023-11-30 SPDR Gold Trust C 171.02
5.49%
n/a
US Dollar
0.69%
n/a
2023-11-30 SPDR Gold Trust P 153.02
-0.02%
n/a
2023-11-30 SPDR Gold Trust C 195.86
-0.21%
Invest with BGLD

What is BGLD?

The investment objective of the FT Cboe Vest Gold Strategy Quarterly Buffer ETF (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR Gold Trust (the "Underlying ETF"), up to a predetermined upside cap of 6.10% (before fees, expenses and taxes) and 6.01% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against Underlying ETF losses between -5% and -15% (before fees, expenses and taxes) over the period from January 20, 2021 to February 26, 2021.

ETFs related toBGLD

ETFs correlated to BGLD include GLD, UGL, GLDM

BGLD
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Gold Strategy Quarterly Buffer ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBGLD

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BGLD using Composer

FAQ

BGLD is a Global Commodities & Metals ETF. The investment objective of the FT Cboe Vest Gold Strategy Quarterly Buffer ETF (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR Gold Trust (the "Underlying ETF"), up to a predetermined upside cap of 6.10% (before fees, expenses and taxes) and 6.01% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against Underlying ETF losses between -5% and -15% (before fees, expenses and taxes) over the period from January 20, 2021 to February 26, 2021.

BGLD tracks the SPDR Gold Trust.

No, BGLD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BGLD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BGLD is -0.0092%. This is the percent change in the value of BGLD over the most recent 1-month period. The 3-month return on BGLD is -0.0158%. This is the percent change in the value of BGLD over the most recent 3-month period.

The standard deviation of BGLD for the past year is 0.0902%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BGLD include CPER, PPLT, and SIVR.

ETFs correlated to BGLD include GLD, UGL, and GLDM.

ETFs that are inversely correlated to BGLD include GLL, GDXD, and JDST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.