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ETFs

FT Cboe Vest U.S. Equity Buffer ETF - August

FAUG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 06 2019
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,647,537
AUM
$566,933,575
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
2024-08-16 SPDR S&P 500 ETF Trust C 4.37
97.30%
n/a
2024-08-16 SPDR S&P 500 ETF Trust P 436.50
4.79%
n/a
US Dollar
1.10%
n/a
2024-08-16 SPDR S&P 500 ETF Trust C 518.13
-0.65%
n/a
2024-08-16 SPDR S&P 500 ETF Trust P 392.85
-2.55%
Invest with FAUG

What is FAUG?

The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - August is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 8.60% (before fees, expenses and taxes) and 7.93% (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 November 7, 2019 to August 21, 2020. 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 toFAUG

ETFs correlated to FAUG include BAUG, GSUS, SPUU

FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August
BAUG
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - August
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap 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 toFAUG

#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 FAUG using Composer

FAQ

FAUG is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - August is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 8.60% (before fees, expenses and taxes) and 7.93% (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 November 7, 2019 to August 21, 2020. 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.

FAUG tracks the SPDR S&P 500 ETF Trust.

No, FAUG 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, FAUG 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 FAUG is -0.0045%. This is the percent change in the value of FAUG over the most recent 1-month period. The 3-month return on FAUG is -0.0008%. This is the percent change in the value of FAUG over the most recent 3-month period.

The standard deviation of FAUG for the past year is 0.1225%. 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 FAUG include DJUL, DAUG, and FFEB.

ETFs correlated to FAUG include BAUG, GSUS, and SPUU.

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

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.