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ETFs

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

GFEB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 17, 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$285,057
AUM
$195,822,061
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
2024-02-16 SPDR S&P 500 ETF Trust C 4.09
98.95%
—
2024-02-16 SPDR S&P 500 ETF Trust P 407.28
1.74%
—
US Dollar
0.64%
—
2024-02-16 SPDR S&P 500 ETF Trust P 346.17
-0.46%
—
2024-02-16 SPDR S&P 500 ETF Trust C 469.17
-0.88%
Invest with GFEB
Trade GFEB Options

What is GFEB?

The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - February is to seek to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap of 15.20% (before fees and expenses) while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from February 21, 2023 through February 16, 2024.

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

GFEB
Performance Measures**

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

Returns

1M Trailing Return: 1.1%

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

3M Trailing Return: 2.8%

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

Measures of Risk or Volatility

Max Drawdown: -9.6%

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: 1.65

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: 1.39

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

ETFs related toGFEB

ETFs correlated to GFEB include GAUG, STRV, SPUU

GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
STRV
EA Series Trust - Strive 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares

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

GFEB is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - February is to seek to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap of 15.20% (before fees and expenses) while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from February 21, 2023 through February 16, 2024.

GFEB tracks the SPDR S&P 500 ETF Trust.

No, GFEB 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, GFEB 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 GFEB is -0.0022%. This is the percent change in the value of GFEB over the most recent 1-month period. The 3-month return on GFEB is 0.0069%. This is the percent change in the value of GFEB over the most recent 3-month period.

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

ETFs correlated to GFEB include GAUG, STRV, and SPUU.

ETFs that are inversely correlated to GFEB include SDS, SPXU, and SPDN.

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.