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ETFs

FT Cboe Vest U.S. Equity Deep Buffer ETF - April

DAPR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 16 2021
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$876,666
AUM
$230,652,561
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
2024-04-19 SPDR S&P 500 ETF Trust C 4.11
99.40%
n/a
2024-04-19 SPDR S&P 500 ETF Trust P 391.59
1.75%
n/a
US Dollar
0.78%
n/a
2024-04-19 SPDR S&P 500 ETF Trust P 288.54
-0.29%
n/a
2024-04-19 SPDR S&P 500 ETF Trust C 470.11
-1.64%
Invest with DAPR

What is DAPR?

Investment Objective/Strategy - The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - April (the "Fund") is to seek to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF "), up to a predetermined upside cap of 7.50% (before fees and expenses) and 6.65% (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 Underlying ETF losses between -5% and -30% over the period from April 19, 2021 to April 14, 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 SPDR S&P 500 ETF Trust (the "Underlying ETF").

ETFs related toDAPR

ETFs correlated to DAPR include GAUG, XAUG, GJUL

DAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - April
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA 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.

FAQ

DAPR is a US Equities ETF. Investment Objective/Strategy - The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - April (the "Fund") is to seek to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF "), up to a predetermined upside cap of 7.50% (before fees and expenses) and 6.65% (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 Underlying ETF losses between -5% and -30% over the period from April 19, 2021 to April 14, 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 SPDR S&P 500 ETF Trust (the "Underlying ETF").

DAPR tracks the SPDR S&P 500 ETF Trust.

No, DAPR 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, DAPR 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 DAPR is -0.0013%. This is the percent change in the value of DAPR over the most recent 1-month period. The 3-month return on DAPR is 0.0053%. This is the percent change in the value of DAPR over the most recent 3-month period.

The standard deviation of DAPR for the past year is 0.0666%. 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 DAPR include DJUL, DAUG, and FAUG.

ETFs correlated to DAPR include GAUG, XAUG, and GJUL.

ETFs that are inversely correlated to DAPR include SPXU, 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.