Skip to Content
ETFs

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

XAUG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,184,803
AUM
$52,877,309
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
2024-08-16 SPDR S&P 500 ETF Trust C 4.38
96.67%
n/a
2024-08-16 SPDR S&P 500 ETF Trust C 436.51
7.58%
n/a
2024-08-16 SPDR S&P 500 ETF Trust P 436.51
4.76%
n/a
US Dollar
1.08%
n/a
2024-08-16 SPDR S&P 500 ETF Trust P 371.04
-1.86%
n/a
2024-08-16 SPDR S&P 500 ETF Trust C 463.40
-8.22%
Invest with XAUG

What is XAUG?

The investment objective of the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 12.32% 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 SPDR S&P 500 ETF Trust (the Underlying ETF).

ETFs related toXAUG

ETFs correlated to XAUG include BBUS, VTI, IYY

XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market 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
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
EFIV
SPDR Series Trust - SPDR S&P 500 ESG 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 toXAUG

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with XAUG using Composer

FAQ

XAUG is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 12.32% 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 SPDR S&P 500 ETF Trust (the Underlying ETF).

XAUG tracks the SPDR S&P 500 ETF Trust.

No, XAUG 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, XAUG 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 XAUG is -0.0003%. This is the percent change in the value of XAUG over the most recent 1-month period. The 3-month return on XAUG is %. This is the percent change in the value of XAUG over the most recent 3-month period.

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

ETFs correlated to XAUG include BBUS, VTI, and IYY.

ETFs that are inversely correlated to XAUG include SPXS, SPXU, 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.