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ETFs

FT Cboe Vest Buffered Allocation Growth ETF

BUFG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2021
Expense Ratio
1.05%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$607,458
AUM
$146,150,037
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - April
22.30%
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November
19.67%
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
19.56%
FJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - January
19.27%
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
19.10%
n/a
US Dollar
0.10%
n/a
Derivatives offset
0.00%
Invest with BUFG

What is BUFG?

The investment objective of the FT Cboe Vest Buffered Allocation Growth ETF (the "Fund") is to seek to provide investors with capital appreciation. The Fund seeks to achieve its investment objective by investing in a portfolio of exchange-traded funds ("ETFs") that seek to provide investors with returns (before fees and expenses) based on the price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined cap, while providing a defined buffer against losses of SPY over a defined one-year period (the "Underlying ETFs"). Under normal market conditions, the Fund will invest substantially all of its assets in Underlying ETFs. The Fund and each Underlying ETF are advised by First Trust Advisors L.P. ("First Trust" or the "Advisor") and sub-advised by Cboe Vest Financial LLC ("Cboe Vest" or the "Sub-Advisor"). PDR Services, LLC ("PDR") serves as SPYs sponsor. The investment objective of SPY is to seek to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. 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. The Fund will likely not receive the full benefit of the Underlying ETF buffers and could have limited upside potential. The Funds returns may be limited to the caps of the Underlying ETFs

ETFs related toBUFG

ETFs correlated to BUFG include VOTE, VOO, SPLG

BUFG
First Trust Portfolios L.P - FT Cboe Vest Buffered Allocation Growth ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 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 toBUFG

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Category

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Risk Rating

Aggressive

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Hedgefundie's Excellent Adventure Refined

Category

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Risk Rating

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Create your own algorithmic trading strategy with BUFG using Composer

FAQ

BUFG is a US Equities ETF. The investment objective of the FT Cboe Vest Buffered Allocation Growth ETF (the "Fund") is to seek to provide investors with capital appreciation. The Fund seeks to achieve its investment objective by investing in a portfolio of exchange-traded funds ("ETFs") that seek to provide investors with returns (before fees and expenses) based on the price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined cap, while providing a defined buffer against losses of SPY over a defined one-year period (the "Underlying ETFs"). Under normal market conditions, the Fund will invest substantially all of its assets in Underlying ETFs. The Fund and each Underlying ETF are advised by First Trust Advisors L.P. ("First Trust" or the "Advisor") and sub-advised by Cboe Vest Financial LLC ("Cboe Vest" or the "Sub-Advisor"). PDR Services, LLC ("PDR") serves as SPYs sponsor. The investment objective of SPY is to seek to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. 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. The Fund will likely not receive the full benefit of the Underlying ETF buffers and could have limited upside potential. The Funds returns may be limited to the caps of the Underlying ETFs

BUFG tracks the SPDR S&P 500 ETF Trust.

No, BUFG 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, BUFG 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 BUFG is -0.0038%. This is the percent change in the value of BUFG over the most recent 1-month period. The 3-month return on BUFG is 0.0269%. This is the percent change in the value of BUFG over the most recent 3-month period.

The standard deviation of BUFG for the past year is 0.1624%. 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 BUFG include FMAY, BUFD, and DAUG.

ETFs correlated to BUFG include VOTE, VOO, and SPLG.

ETFs that are inversely correlated to BUFG include SH, SPDN, and SDS.

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.