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ETFs

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

XJUL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 21 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$861,954
AUM
$48,480,060
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
2024-07-19 SPDR S&P 500 ETF Trust C 4.53
94.95%
n/a
2024-07-19 SPDR S&P 500 ETF Trust P 452.19
5.80%
n/a
2024-07-19 SPDR S&P 500 ETF Trust C 452.19
4.80%
n/a
US Dollar
1.03%
n/a
2024-07-19 SPDR S&P 500 ETF Trust P 384.36
-2.06%
n/a
2024-07-19 SPDR S&P 500 ETF Trust C 477.55
-4.51%
Invest with XJUL

What is XJUL?

The investment objective of the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July (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 6.16% (before fees and expenses), while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from July 24, 2023 to July 19, 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 "Underlying ETF".

ETFs related toXJUL

ETFs correlated to XJUL include MGC, IWL, VV

XJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
CATH
Global X Funds - Global X S&P 500 Catholic Values ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X 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.

Automated Strategies
Related toXJUL

#LSBH

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Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

#LSPB

Lever Up S&P with a Bond Hedge

Category

Paired Switching, Tactical Asset Allocation, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XJUL using Composer

FAQ

XJUL is a US Equities ETF. The investment objective of the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July (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 6.16% (before fees and expenses), while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from July 24, 2023 to July 19, 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 "Underlying ETF".

XJUL tracks the SPDR S&P 500 ETF Trust.

No, XJUL 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, XJUL 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 XJUL is -0.0005%. This is the percent change in the value of XJUL over the most recent 1-month period. The 3-month return on XJUL is %. This is the percent change in the value of XJUL over the most recent 3-month period.

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

ETFs correlated to XJUL include MGC, IWL, and VV.

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

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.