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ETFs

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

FSEP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 18 2020
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$2,298,153
AUM
$345,493,824
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
2024-09-20 SPDR S&P 500 ETF Trust C 4.43
96.67%
n/a
2024-09-20 SPDR S&P 500 ETF Trust P 443.37
5.92%
n/a
US Dollar
1.18%
n/a
2024-09-20 SPDR S&P 500 ETF Trust C 524.06
-0.61%
n/a
2024-09-20 SPDR S&P 500 ETF Trust P 399.03
-3.17%
Invest with FSEP

What is FSEP?

The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - September (the "Fund 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 16.50% (before fees, expenses and taxes) and 15.65% (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 September 21, 2020 to September 17, 2021.Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the performance of the SPDR S&P 500 ETF Trust.

ETFs related toFSEP

ETFs correlated to FSEP include BSEP, BAUG, GSUS

FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
BAUG
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - August
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toFSEP

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FSEP using Composer

FAQ

FSEP is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - September (the "Fund 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 16.50% (before fees, expenses and taxes) and 15.65% (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 September 21, 2020 to September 17, 2021.Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the performance of the SPDR S&P 500 ETF Trust.

FSEP tracks the SPDR S&P 500 ETF Trust.

No, FSEP 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, FSEP 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 FSEP is -0.0005%. This is the percent change in the value of FSEP over the most recent 1-month period. The 3-month return on FSEP is 0.0094%. This is the percent change in the value of FSEP over the most recent 3-month period.

The standard deviation of FSEP for the past year is 0.1293%. 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 FSEP include DJUL, DAUG, and FAUG.

ETFs correlated to FSEP include BSEP, BAUG, and GSUS.

ETFs that are inversely correlated to FSEP include SPDN, 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.