Skip to Content
ETFs

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

XDEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 17 2021
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,251,903
AUM
$346,080,065
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No

Top 10 Holdings

n/a
2023-12-15 SPDR S&P 500 ETF Trust C 3.84
99.57%
n/a
2023-12-15 SPDR S&P 500 ETF Trust C 383.28
12.39%
n/a
2023-12-15 SPDR S&P 500 ETF Trust P 383.28
0.60%
n/a
US Dollar
0.46%
n/a
2023-12-15 SPDR S&P 500 ETF Trust P 325.79
-0.13%
n/a
2023-12-15 SPDR S&P 500 ETF Trust C 412.60
-12.89%
Invest with XDEC

What is XDEC?

The investment objective of the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (the "Fund") is to seek to provide investors with returns of approximately twice any positive price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 8.58% (before fees and expenses), while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from December 20, 2021 to December 16, 2022. 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 "Underlying ETF".

ETFs related toXDEC

ETFs correlated to XDEC include PJAN, DECZ, XBJL

XDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
XBJL
Innovator ETFs Trust - Innovator U.S. Equity Accelerated 9 Buffer ETF - July
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

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

XDEC is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (the "Fund") is to seek to provide investors with returns of approximately twice any positive price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 8.58% (before fees and expenses), while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from December 20, 2021 to December 16, 2022. 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 "Underlying ETF".

XDEC tracks the SPDR S&P 500 ETF Trust.

No, XDEC 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, XDEC 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 XDEC is 0.0077%. This is the percent change in the value of XDEC over the most recent 1-month period. The 3-month return on XDEC is 0.0207%. This is the percent change in the value of XDEC over the most recent 3-month period.

The standard deviation of XDEC for the past year is 0.082%. 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 XDEC include DAUG, FAUG, and FFEB.

ETFs correlated to XDEC include PJAN, DECZ, and XBJL.

ETFs that are inversely correlated to XDEC include SH, SPDN, and SPXU.

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.