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ETFs

FT Cboe Vest U.S. Equity Moderate Buffer ETF - September

GSEP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 15 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
—
AUM
$32,681,059
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
2024-09-20 SPDR S&P 500 ETF Trust C 4.45
96.66%
n/a
2024-09-20 SPDR S&P 500 ETF Trust P 443.39
5.62%
n/a
US Dollar
1.13%
n/a
2024-09-20 SPDR S&P 500 ETF Trust C 508.83
-1.16%
n/a
2024-09-20 SPDR S&P 500 ETF Trust P 376.88
-2.24%
Invest with GSEP

What is GSEP?

The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - September (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 14.76% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from September 18, 2023 through September 20, 2024.

ETFs related toGSEP

ETFs correlated to GSEP include BBUS, DECZ, CGUS

GSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - September
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
CGDV
Capital Group Companies Inc - Capital Group Dividend Value ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
SPYX
SPDR Series Trust - SSGA SPDR S&P 500 Fossil Fuel Free 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.

Automated Strategies
Related toGSEP

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GSEP using Composer

FAQ

GSEP is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Moderate Buffer ETF - September (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 14.76% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from September 18, 2023 through September 20, 2024.

GSEP tracks the SPDR S&P 500 ETF Trust.

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

ETFs similar to GSEP include DJUL, DAUG, and FAUG.

ETFs correlated to GSEP include BBUS, DECZ, and CGUS.

ETFs that are inversely correlated to GSEP 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.