Skip to Content
ETFs

FT Cboe Vest Fund of Deep Buffer ETFs

BUFD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 20, 2021
Expense Ratio
1.05%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,491,230
AUM
$608,894,042
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

DDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - December
8.37%
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
8.37%
DJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - January
8.35%
DOCT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - October
8.35%
DMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - May
8.34%
DFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - February
8.32%
DAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - August
8.31%
DJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - June
8.29%
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
8.29%
DNOV
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - November
8.28%
Invest with BUFD

What is BUFD?

The investment objective of the FT Cboe Vest Fund of Deep Buffer ETFs is to seek to provide investors with capital appreciation. The Fund seeks to achieve its investment objective by providing investors with US large cap equity market exposure while limiting downside risk through a laddered portfolio of four FT Cboe Vest U.S. Equity Deep Buffer ETFs ("Underlying ETFs"). Under normal market conditions the Fund will invest substantially all of its assets in the Underlying ETFs, which seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined upside cap, while providing a buffer against losses between -5% and -30% (before fees, expenses and taxes) of SPY, over a defined one-year period. Unlike the Underlying ETFs the Fund itself does not pursue a defined outcome strategy. The buffer is only provided by the Underlying ETFs and the Fund itself does not provide any stated buffer against losses. In order to understand the Funds strategy and risks, it is important to understand the strategies and risks of the Underlying ETFs.

ETFs related toBUFD

ETFs correlated to BUFD include LGRO, DJUL, GAUG

BUFD
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Deep Buffer ETFs
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
USEP
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - September
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
PSEP
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - September
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September

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.

FAQ

BUFD is a US Equities ETF. The investment objective of the FT Cboe Vest Fund of Deep Buffer ETFs is to seek to provide investors with capital appreciation. The Fund seeks to achieve its investment objective by providing investors with US large cap equity market exposure while limiting downside risk through a laddered portfolio of four FT Cboe Vest U.S. Equity Deep Buffer ETFs ("Underlying ETFs"). Under normal market conditions the Fund will invest substantially all of its assets in the Underlying ETFs, which seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined upside cap, while providing a buffer against losses between -5% and -30% (before fees, expenses and taxes) of SPY, over a defined one-year period. Unlike the Underlying ETFs the Fund itself does not pursue a defined outcome strategy. The buffer is only provided by the Underlying ETFs and the Fund itself does not provide any stated buffer against losses. In order to understand the Funds strategy and risks, it is important to understand the strategies and risks of the Underlying ETFs.

BUFD tracks the SPDR S&P 500 ETF Trust.

No, BUFD 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, BUFD 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 BUFD is -0.0047%. This is the percent change in the value of BUFD over the most recent 1-month period. The 3-month return on BUFD is 0.009%. This is the percent change in the value of BUFD over the most recent 3-month period.

The standard deviation of BUFD for the past year is 0.0791%. 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 BUFD include DMAY, DAUG, and FAUG.

ETFs correlated to BUFD include LGRO, DJUL, and GAUG.

ETFs that are inversely correlated to BUFD include SPXS, SDS, and SPXU.

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.