Skip to Content
ETFs

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

DMAY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 15 2020
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,437,040
AUM
$184,938,318
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
2024-05-17 SPDR S&P 500 ETF Trust C 4.18
99.04%
n/a
2024-05-17 SPDR S&P 500 ETF Trust P 397.69
2.15%
n/a
US Dollar
0.84%
n/a
2024-05-17 SPDR S&P 500 ETF Trust P 293.03
-0.40%
n/a
2024-05-17 SPDR S&P 500 ETF Trust C 475.85
-1.62%
Invest with DMAY

What is DMAY?

The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - May 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 9.95% (before fees, expenses and taxes) and 9.09% (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 May 18, 2020 to May 21, 2021. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible Exchange Options that reference the performance of the SPDR S&P 500 ETF Trust.

ETFs related toDMAY

ETFs correlated to DMAY include FMAY, BJUL, PJUL

DMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - May
FMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - May
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toDMAY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DMAY using Composer

FAQ

DMAY is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - May 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 9.95% (before fees, expenses and taxes) and 9.09% (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 May 18, 2020 to May 21, 2021. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible Exchange Options that reference the performance of the SPDR S&P 500 ETF Trust.

DMAY tracks the SPDR S&P 500 ETF Trust.

No, DMAY 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, DMAY 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 DMAY is -0.0019%. This is the percent change in the value of DMAY over the most recent 1-month period. The 3-month return on DMAY is 0.0049%. This is the percent change in the value of DMAY over the most recent 3-month period.

The standard deviation of DMAY for the past year is 0.0991%. 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 DMAY include DJUL, DAUG, and FAUG.

ETFs correlated to DMAY include FMAY, BJUL, and PJUL.

ETFs that are inversely correlated to DMAY include SDS, SPDN, and SPXS.

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.