Skip to Content
ETFs

FT Cboe Vest Buffered Allocation Defensive ETF

BUFT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2021
Expense Ratio
1.05%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,445,884
AUM
$97,500,039
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

DJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - January
19.40%
DMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - May
19.39%
DDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - December
19.03%
n/a
US Dollar
0.15%
n/a
Derivatives offset
0.00%
Invest with BUFT

What is BUFT?

The investment objective of the FT Cboe Vest Buffered Allocation Defensive ETF (the "Fund") is to seek to provide investors with capital preservation. 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 toBUFT

ETFs correlated to BUFT include MAYW, GSUS, IYY

BUFT
First Trust Portfolios L.P - FT Cboe Vest Buffered Allocation Defensive ETF
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity 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

BUFT is a US Equities ETF. The investment objective of the FT Cboe Vest Buffered Allocation Defensive ETF (the "Fund") is to seek to provide investors with capital preservation. 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.

BUFT tracks the SPDR S&P 500 ETF Trust.

No, BUFT 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, BUFT 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 BUFT is 0.028%. This is the percent change in the value of BUFT over the most recent 1-month period. The 3-month return on BUFT is 0.0335%. This is the percent change in the value of BUFT over the most recent 3-month period.

The standard deviation of BUFT for the past year is 0.0764%. 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 BUFT include DAPR, DMAY, and FSEP.

ETFs correlated to BUFT include MAYW, GSUS, and IYY.

ETFs that are inversely correlated to BUFT include SH, SDS, 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.