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ETFs

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

DJAN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 15 2021
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$319,811
AUM
$183,318,815
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
2024-01-19 SPDR S&P 500 ETF Trust C 3.95
100.31%
n/a
2024-01-19 SPDR S&P 500 ETF Trust P 376.09
0.69%
n/a
US Dollar
0.57%
n/a
2024-01-19 SPDR S&P 500 ETF Trust P 277.12
-0.07%
n/a
2024-01-19 SPDR S&P 500 ETF Trust C 454.07
-1.49%
Invest with DJAN

What is DJAN?

The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - January (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"),up to a predetermined upside cap of 8.20% (before fees, expenses and taxes) and 7.34% (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 Underlying ETF losses between -5% and -30% (before fees, expenses and taxes) over the period from January 19, 2021 to January 21, 2022.

ETFs related toDJAN

ETFs correlated to DJAN include GAUG, GJUL, XAUG

DJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - January
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - March
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
USEP
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - September

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

DJAN is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - January (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"),up to a predetermined upside cap of 8.20% (before fees, expenses and taxes) and 7.34% (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 Underlying ETF losses between -5% and -30% (before fees, expenses and taxes) over the period from January 19, 2021 to January 21, 2022.

DJAN tracks the SPDR S&P 500 ETF Trust.

No, DJAN 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, DJAN 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 DJAN is -0.0005%. This is the percent change in the value of DJAN over the most recent 1-month period. The 3-month return on DJAN is 0.0101%. This is the percent change in the value of DJAN over the most recent 3-month period.

The standard deviation of DJAN for the past year is 0.0595%. 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 DJAN include DAUG, FAUG, and FFEB.

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

ETFs that are inversely correlated to DJAN include SPDN, SH, 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.