Correlation
The correlation between GAUG and ^SP600 is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
GAUG vs. ^SP600
Compare and contrast key facts about FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) and S&P 600 (^SP600).
GAUG is a passively managed fund by FT Vest that tracks the performance of the S&P 500. It was launched on Aug 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAUG or ^SP600.
Performance
GAUG vs. ^SP600 - Performance Comparison
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Key characteristics
GAUG:
0.77
^SP600:
-0.10
GAUG:
1.15
^SP600:
0.03
GAUG:
1.20
^SP600:
1.00
GAUG:
0.74
^SP600:
-0.08
GAUG:
3.40
^SP600:
-0.23
GAUG:
2.19%
^SP600:
10.47%
GAUG:
9.98%
^SP600:
24.34%
GAUG:
-10.08%
^SP600:
-59.17%
GAUG:
-0.56%
^SP600:
-16.86%
Returns By Period
In the year-to-date period, GAUG achieves a 1.73% return, which is significantly higher than ^SP600's -8.80% return.
GAUG
1.73%
3.73%
1.10%
7.66%
N/A
N/A
N/A
^SP600
-8.80%
5.07%
-16.20%
-2.37%
1.30%
9.84%
6.00%
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Risk-Adjusted Performance
GAUG vs. ^SP600 — Risk-Adjusted Performance Rank
GAUG
^SP600
GAUG vs. ^SP600 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) and S&P 600 (^SP600). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
GAUG vs. ^SP600 - Drawdown Comparison
The maximum GAUG drawdown since its inception was -10.08%, smaller than the maximum ^SP600 drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for GAUG and ^SP600.
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Volatility
GAUG vs. ^SP600 - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) is 2.86%, while S&P 600 (^SP600) has a volatility of 6.56%. This indicates that GAUG experiences smaller price fluctuations and is considered to be less risky than ^SP600 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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