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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)
$3,066,239
AUM
$502,992,039
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
8.39%
DJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - January
8.35%
DJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - June
8.35%
DFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - February
8.34%
DNOV
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - November
8.33%
DOCT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - October
8.33%
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
8.31%
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
8.31%
DAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - August
8.30%
DMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - May
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 SPUU, SCHX, VV

BUFD
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Deep Buffer ETFs
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 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.

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 -0.0236%. This is the percent change in the value of BUFD over the most recent 1-month period. The 3-month return on BUFD is -0.0025%. 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 0.0972%. 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 FJAN, FFEB, and XDEC.

ETFs correlated to BUFD include SPUU, SCHX, and VV.

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

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.