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ETFs

FT Cboe Vest Fund of Buffer ETFs

BUFR
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 10, 2020
Expense Ratio
1.05%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$15,946,176
AUM
$1,896,804,049
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - May
8.37%
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
8.35%
FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August
8.34%
FJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - January
8.34%
FJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - June
8.34%
FJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - July
8.34%
FDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - December
8.31%
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
8.31%
FOCT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -October
8.27%
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November
8.26%
Invest with BUFR
Trade BUFR Options

What is BUFR?

The investment objective of the FT Cboe Vest Fund of 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 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 the first 10% (before fees, expenses and taxes) of SPY losses. The buffer is only provided by the Underlying ETFs. The Fund itself does not provide any buffer against losses. The Fund simply seeks to provide diversified exposure to all the Underlying ETFs in a single investment. In order to understand the Funds strategy and risks, it is important to understand the strategies and risks of the Underlying ETFs.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

BUFR
Performance Measures**

for the time period Aug 11, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 1.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -13.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 10.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.01

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.77

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBUFR

ETFs correlated to BUFR include IVV, VOO, UPRO

BUFR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Buffer ETFs
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA 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

BUFR is a US Equities ETF. The investment objective of the FT Cboe Vest Fund of 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 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 the first 10% (before fees, expenses and taxes) of SPY losses. The buffer is only provided by the Underlying ETFs. The Fund itself does not provide any buffer against losses. The Fund simply seeks to provide diversified exposure to all the Underlying ETFs in a single investment. In order to understand the Funds strategy and risks, it is important to understand the strategies and risks of the Underlying ETFs.

BUFR tracks the SPDR S&P 500 ETF Trust.

No, BUFR 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, BUFR 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 BUFR is -0.0036%. This is the percent change in the value of BUFR over the most recent 1-month period. The 3-month return on BUFR is 0.0065%. This is the percent change in the value of BUFR over the most recent 3-month period.

The standard deviation of BUFR for the past year is 0.1188%. 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 BUFR include DJUL, DAUG, and FAUG.

ETFs correlated to BUFR include IVV, VOO, and UPRO.

ETFs that are inversely correlated to BUFR include SDS, SPXS, 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.