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ETFs

FT Cboe Vest U.S. Equity Buffer ETF - February

FFEB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 21 2020
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$739,749
AUM
$423,655,577
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
2024-02-16 SPDR S&P 500 ETF Trust C 4.07
98.49%
n/a
2024-02-16 SPDR S&P 500 ETF Trust P 407.26
2.93%
n/a
US Dollar
0.85%
n/a
2024-02-16 SPDR S&P 500 ETF Trust C 485.66
-0.76%
n/a
2024-02-16 SPDR S&P 500 ETF Trust P 366.53
-1.51%
Invest with FFEB

What is FFEB?

The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - February is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 10.75% (before fees, expenses and taxes) and 9.90% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from February 24, 2020 to February 19, 2021. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options that reference the performance of the SPDR S&P 500 ETF Trust.

ETFs related toFFEB

ETFs correlated to FFEB include USCA, BBUS, IYY

FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market 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

FFEB is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - February is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 10.75% (before fees, expenses and taxes) and 9.90% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from February 24, 2020 to February 19, 2021. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options that reference the performance of the SPDR S&P 500 ETF Trust.

FFEB tracks the SPDR S&P 500 ETF Trust.

No, FFEB 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, FFEB 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 FFEB is 0.0309%. This is the percent change in the value of FFEB over the most recent 1-month period. The 3-month return on FFEB is 0.0746%. This is the percent change in the value of FFEB over the most recent 3-month period.

The standard deviation of FFEB for the past year is 0.1336%. 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 FFEB include DFEB, BUFD, and FSEP.

ETFs correlated to FFEB include USCA, BBUS, and IYY.

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

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.