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FT Cboe Vest Nasdaq-100 Buffer ETF - September

QSPT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 17 2021
Expense Ratio
0.90%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$480,313
AUM
$87,722,038
Associated Index
Invesco QQQ Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
2023-09-15 Invesco QQQ Trust Series 1 C 2.89
98.86%
n/a
2023-09-15 Invesco QQQ Trust Series 1 P 289.32
3.11%
n/a
US Dollar
0.72%
n/a
2023-09-15 Invesco QQQ Trust Series 1 C 368.22
-1.11%
n/a
2023-09-15 Invesco QQQ Trust Series 1 P 260.39
-1.58%
Invest with QSPT

What is QSPT?

The investment objective of the FT Cboe Vest Nasdaq-100 BufferETF - September (the "Fund") is 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 13.65% (before fees, expenses and taxes) and 12.75% (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 September 20, 2021 through September 16, 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 Underlying ETF.

ETFs related toQSPT

ETFs correlated to QSPT include QQQ, QLD, TQQQ

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

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 toQSPT

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QSPT using Composer

FAQ

QSPT is a US Equities ETF. The investment objective of the FT Cboe Vest Nasdaq-100 BufferETF - September (the "Fund") is 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 13.65% (before fees, expenses and taxes) and 12.75% (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 September 20, 2021 through September 16, 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 Underlying ETF.

QSPT tracks the Invesco QQQ Trust.

No, QSPT 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, QSPT 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 QSPT is 0.0701%. This is the percent change in the value of QSPT over the most recent 1-month period. The 3-month return on QSPT is 0.1573%. This is the percent change in the value of QSPT over the most recent 3-month period.

The standard deviation of QSPT for the past year is 0.2278%. 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 QSPT include QTJA, QTAP, and QJUN.

ETFs correlated to QSPT include QQQ, QLD, and TQQQ.

ETFs that are inversely correlated to QSPT 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.