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ETFs

FT Cboe Vest Growth-100 Buffer ETF - December

QDEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 18, 2020
Expense Ratio
0.90%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$443,730
AUM
$150,423,045
Associated Index
Invesco QQQ Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
2023-12-15 Invesco QQQ Trust Series 1 C 2.74
106.26%
n/a
US Dollar
0.41%
n/a
2023-12-15 Invesco QQQ Trust Series 1 P 274.25
0.21%
n/a
2023-12-15 Invesco QQQ Trust Series 1 P 246.83
-0.10%
n/a
2023-12-15 Invesco QQQ Trust Series 1 C 348.38
-6.79%
Invest with QDEC

What is QDEC?

The investment objective of the FT Cboe Vest Growth-100 Buffer ETF - December (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the Invesco QQQ Trust, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 17.04% (before fees, expenses and taxes) and 16.14% (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 December 21, 2020 to December 17, 2021. Under normal market conditions, the Fund will invest substantially all of its FLexible EXchange Options ("FLEX Options") that reference the performance of the Invesco QQQ Trust, Series 1.

ETFs related toQDEC

ETFs correlated to QDEC include BUFQ, SPYG, IVW

QDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - December
BUFQ
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Nasdaq-100 Buffer ETF
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
QSPT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - September
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth 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.

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FAQ

QDEC is a US Equities ETF. The investment objective of the FT Cboe Vest Growth-100 Buffer ETF - December (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the Invesco QQQ Trust, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 17.04% (before fees, expenses and taxes) and 16.14% (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 December 21, 2020 to December 17, 2021. Under normal market conditions, the Fund will invest substantially all of its FLexible EXchange Options ("FLEX Options") that reference the performance of the Invesco QQQ Trust, Series 1.

QDEC tracks the Invesco QQQ Trust.

No, QDEC 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, QDEC 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 QDEC is 0.0089%. This is the percent change in the value of QDEC over the most recent 1-month period. The 3-month return on QDEC is 0.023%. This is the percent change in the value of QDEC over the most recent 3-month period.

The standard deviation of QDEC for the past year is 0.1652%. 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 QDEC include QTAP, QMAR, and QTOC.

ETFs correlated to QDEC include BUFQ, SPYG, and IVW.

ETFs that are inversely correlated to QDEC include QID, SQQQ, and PSQ.

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.