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ETFs

FT Cboe Vest U.S. Equity Moderate Buffer ETF - August

GAUG
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 18, 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,195,359
AUM
$85,128,809
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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2024-08-16 SPDR S&P 500 ETF Trust C 4.39
96.83%
—
2024-08-16 SPDR S&P 500 ETF Trust P 436.52
5.06%
—
US Dollar
1.08%
—
2024-08-16 SPDR S&P 500 ETF Trust C 503.13
-1.08%
—
2024-08-16 SPDR S&P 500 ETF Trust P 371.05
-1.9%
Invest with GAUG
Trade GAUG Options

What is GAUG?

The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - August is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the Underlying ETF), up to a predetermined upside cap of 15.26% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from August 21, 2023 through August 16, 2024. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options (FLEX Options)that reference the price performance of the SPDR S&P 500 ETF Trust (the Underlying ETF).

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

GAUG
Performance Measures**

for the time period Aug 21, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 0.8%

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

3M Trailing Return: 2.5%

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

Measures of Risk or Volatility

Max Drawdown: -10.1%

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

Standard Deviation: 7.8%

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: 1.56

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: 1.24

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

ETFs related toGAUG

ETFs correlated to GAUG include SCHX, EFIV, STRV

GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
EFIV
SPDR Series Trust - SPDR S&P 500 ESG ETF
STRV
EA Series Trust - Strive 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SNPE
DBX ETF Trust - Xtrackers S&P 500 ESG ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness 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

GAUG is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - August is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the Underlying ETF), up to a predetermined upside cap of 15.26% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from August 21, 2023 through August 16, 2024. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options (FLEX Options)that reference the price performance of the SPDR S&P 500 ETF Trust (the Underlying ETF).

GAUG tracks the SPDR S&P 500 ETF Trust.

No, GAUG 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, GAUG 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 GAUG is -0.0027%. This is the percent change in the value of GAUG over the most recent 1-month period. The 3-month return on GAUG is %. This is the percent change in the value of GAUG over the most recent 3-month period.

ETFs similar to GAUG include DJUL, DAUG, and FAUG.

ETFs correlated to GAUG include SCHX, EFIV, and STRV.

ETFs that are inversely correlated to GAUG 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.