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ETFs

FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August

SAUG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18 2023
Expense Ratio
0.90%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$771,215
AUM
$18,553,539
Associated Index
iShares Russell 2000 ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
2024-08-16 iShares Russell 2000 ETF C 1.85
95.20%
n/a
2024-08-16 iShares Russell 2000 ETF P 184.65
7.54%
n/a
US Dollar
1.15%
n/a
2024-08-16 iShares Russell 2000 ETF C 219.86
-0.98%
n/a
2024-08-16 iShares Russell 2000 ETF P 156.95
-2.91%
Invest with SAUG

What is SAUG?

The investment objective of the FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August is to seek to provide investors with returns (before fees and expenses) that match the price return of the iShares Russell 2000 ETF (the Underlying ETF), up to a predetermined upside cap of 19.07% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from August 21, 2023 through August 16, 2024. 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 iShares Russell 2000 ETF (the Underlying ETF).

ETFs related toSAUG

ETFs correlated to SAUG include IWM, VTWO, TNA

SAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
FYX
First Trust Exchange-Traded Fund III - First Trust Small Cap Core AlphaDEX Fund
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap 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

SAUG is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August is to seek to provide investors with returns (before fees and expenses) that match the price return of the iShares Russell 2000 ETF (the Underlying ETF), up to a predetermined upside cap of 19.07% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from August 21, 2023 through August 16, 2024. 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 iShares Russell 2000 ETF (the Underlying ETF).

SAUG tracks the iShares Russell 2000 ETF.

No, SAUG 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, SAUG 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 SAUG is -0.0155%. This is the percent change in the value of SAUG over the most recent 1-month period. The 3-month return on SAUG is %. This is the percent change in the value of SAUG over the most recent 3-month period.

ETFs similar to SAUG include SMAY, PKW, and VIXY.

ETFs correlated to SAUG include IWM, VTWO, and TNA.

ETFs that are inversely correlated to SAUG include RWM, TZA, and TWM.

Disclaimers

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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.