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ETFs

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

GMAY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 19 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$567,971
AUM
$110,860,812
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
2024-05-17 SPDR S&P 500 ETF Trust C 4.21
98.52%
n/a
2024-05-17 SPDR S&P 500 ETF Trust P 418.64
3.06%
n/a
US Dollar
0.86%
n/a
2024-05-17 SPDR S&P 500 ETF Trust P 355.83
-1.08%
n/a
2024-05-17 SPDR S&P 500 ETF Trust C 479.74
-1.36%
Invest with GMAY

What is GMAY?

The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - May 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, up to a predetermined upside cap of 14.60% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from May 22, 2023 through May 17, 2024.

ETFs related toGMAY

ETFs correlated to GMAY include GAUG, ESGU, UPRO

GMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - May
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) 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.

Automated Strategies
Related toGMAY

#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 GMAY using Composer

FAQ

GMAY is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - May 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, up to a predetermined upside cap of 14.60% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from May 22, 2023 through May 17, 2024.

GMAY tracks the SPDR S&P 500 ETF Trust.

No, GMAY 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, GMAY 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 GMAY is -0.0013%. This is the percent change in the value of GMAY over the most recent 1-month period. The 3-month return on GMAY is 0.0073%. This is the percent change in the value of GMAY over the most recent 3-month period.

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

ETFs correlated to GMAY include GAUG, ESGU, and UPRO.

ETFs that are inversely correlated to GMAY include SDS, SPXS, and SPXU.

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.