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ETFs

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

GMAR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 17 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,809,330
AUM
$109,052,063
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
2024-03-15 SPDR S&P 500 ETF Trust C 3.92
101.31%
n/a
2024-03-15 SPDR S&P 500 ETF Trust P 390.01
1.47%
n/a
US Dollar
0.70%
n/a
2024-03-15 SPDR S&P 500 ETF Trust P 331.51
-0.46%
n/a
2024-03-15 SPDR S&P 500 ETF Trust C 449.68
-3.01%
Invest with GMAR

What is GMAR?

The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - March (the Fund) 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 15.31% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses.

ETFs related toGMAR

ETFs correlated to GMAR include LRGF, SSUS, SPUU

GMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - March
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
STRV
EA Series Trust - Strive 500 ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July

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

GMAR is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - March (the Fund) 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 15.31% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses.

GMAR tracks the SPDR S&P 500 ETF Trust.

No, GMAR 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, GMAR 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 GMAR is 0.0002%. This is the percent change in the value of GMAR over the most recent 1-month period. The 3-month return on GMAR is 0.0119%. This is the percent change in the value of GMAR over the most recent 3-month period.

ETFs similar to GMAR include DAUG, FAUG, and FFEB.

ETFs correlated to GMAR include LRGF, SSUS, and SPUU.

ETFs that are inversely correlated to GMAR include SH, SPXS, and SDS.

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.