- Issuer
- First Trust
- Inception Date
- Nov 6, 2019
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Buffer Protect Index August
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
FAUG Performance Chart
FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) is up 6.3% since the beginning of the year. FAUG is currently trading at $56 per share. Investors who bought $1,000 worth of FAUG shares 5 years ago would now be looking at an investment worth $1,529.
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Returns By Period
FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) has returned 6.33% so far this year and 18.25% over the past 12 months.
FT Cboe Vest U.S. Equity Buffer ETF - August
- 1D
- 0.01%
- 1M
- 0.63%
- YTD
- 6.33%
- 6M
- 6.20%
- 1Y
- 18.25%
- 3Y*
- 14.11%
- 5Y*
- 8.87%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FAUG Monthly Returns History
Based on dividend-adjusted daily data since Nov 7, 2019, FAUG's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +8.6%, while the worst month was Mar 2020 at -7.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FAUG closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.92% | -0.14% | -2.96% | 6.33% | 2.13% | 0.12% | 6.33% | ||||||
| 2025 | 1.84% | -0.56% | -3.49% | -0.41% | 4.30% | 3.77% | 1.92% | 1.68% | 2.16% | 0.87% | 0.47% | 0.65% | 13.77% |
| 2024 | 1.01% | 3.01% | 1.43% | -1.19% | 2.86% | 1.15% | 0.73% | 1.64% | 1.37% | -0.57% | 3.34% | -1.00% | 14.55% |
| 2023 | 4.34% | -1.37% | 2.28% | 0.76% | 0.34% | 4.72% | 2.77% | -2.62% | -3.29% | -1.23% | 6.64% | 3.20% | 17.24% |
| 2022 | -2.56% | -1.83% | 2.69% | -5.97% | 0.52% | -3.95% | 5.85% | -3.83% | -6.60% | 5.45% | 4.08% | -3.85% | -10.52% |
| 2021 | -1.04% | 1.88% | 2.67% | 1.32% | 0.75% | 0.63% | 0.30% | 1.27% | -2.75% | 4.15% | -0.75% | 2.73% | 11.54% |
Benchmark Metrics
FT Cboe Vest U.S. Equity Buffer ETF - August has an annualized alpha of 0.84%, beta of 0.60, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since November 07, 2019.
- This ETF participated in 64.69% of S&P 500 Index downside but only 57.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.60 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.84%
- Beta
- 0.60
- R²
- 0.93
- Upside Capture
- 57.92%
- Downside Capture
- 64.69%
Expense Ratio
FAUG has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FAUG ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FAUG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.78 | +0.70 |
| Martin ratioReturn relative to average drawdown | 17.57 | 12.44 | +5.13 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FT Cboe Vest U.S. Equity Buffer ETF - August. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FT Cboe Vest U.S. Equity Buffer ETF - August was 22.33%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.
The current FT Cboe Vest U.S. Equity Buffer ETF - August drawdown is 0.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.33%Mar 2020 | 1mo 9d | 3mo 29d | 5mo 8dFeb 2020 - Jul 2020 |
Bear market2022 | -15.91%Oct 2022 | 9mo 11d | 9mo 4d | 1y 6moJan 2022 - Jul 2023 |
2025 selloff2025 | -12.81%Apr 2025 | 1mo 17d | 2mo 3d | 3mo 20dFeb 2025 - Jun 2025 |
2023 pullback2023 | -8.24%Oct 2023 | 2mo 27d | 1mo 16d | 4mo 13dAug 2023 - Dec 2023 |
2020 pullback2020 | -5.42%Sep 2020 | 20d | 19d | 1mo 9dSep 2020 - Oct 2020 |
Drawdown Indicators
| FAUG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -56.78% | +34.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -9.10% | +3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -18.90% | +6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -25.43% | +9.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.80% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -10.71% | +7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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