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ETFs

FT Cboe Vest Growth-100 Buffer ETF - June

QJUN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 19 2021
Expense Ratio
0.90%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,569,181
AUM
$373,565,543
Associated Index
Invesco QQQ Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
2024-06-21 Invesco QQQ Trust Series 1 C 3.68
96.81%
n/a
2024-06-21 Invesco QQQ Trust Series 1 P 367.93
6.62%
n/a
US Dollar
0.98%
n/a
2024-06-21 Invesco QQQ Trust Series 1 C 443.47
-0.98%
n/a
2024-06-21 Invesco QQQ Trust Series 1 P 331.14
-3.44%
Invest with QJUN

What is QJUN?

The investment objective of the FT Cboe Vest Growth-100 Buffer ETF - June (the "Fund") iis to seek to provide investors with returns that match the price return of the Invesco QQQ Trust SM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 13.00% (before fees and expenses) and 12.10% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from June 21, 2021 to June 17, 2022. 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 Invesco QQQ Trust SM, Series 1 (the "Underlying ETF").

ETFs related toQJUN

ETFs correlated to QJUN include QQQ, QLD, QQQM

QJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - June
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
BUFQ
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Nasdaq-100 Buffer ETF
NJUL
Innovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - July
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap 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.

Automated Strategies
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Create your own algorithmic trading strategy with QJUN using Composer

FAQ

QJUN is a US Equities ETF. The investment objective of the FT Cboe Vest Growth-100 Buffer ETF - June (the "Fund") iis to seek to provide investors with returns that match the price return of the Invesco QQQ Trust SM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 13.00% (before fees and expenses) and 12.10% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from June 21, 2021 to June 17, 2022. 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 Invesco QQQ Trust SM, Series 1 (the "Underlying ETF").

QJUN tracks the Invesco QQQ Trust.

No, QJUN 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, QJUN 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 QJUN is 0.0005%. This is the percent change in the value of QJUN over the most recent 1-month period. The 3-month return on QJUN is 0.0105%. This is the percent change in the value of QJUN over the most recent 3-month period.

The standard deviation of QJUN for the past year is 0.1592%. 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 QJUN include QTAP, QMAR, and QSPT.

ETFs correlated to QJUN include QQQ, QLD, and QQQM.

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

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.