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GMAY Stock Price, Chart, Stats & News
FT Vest U.S. Equity Moderate Buffer ETF - May
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FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY) does not currently pay a dividend.
Defined Outcome
Category
0.85%
Expense ratio
529.48M
Assets
10.11%
1Y return
GMAY chart
1M
3M
1Y
5Y
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GMAY returns
| YTD | 4.71% |
| 1Y | 10.11% |
| 3Y | 11.25% |
| 1Y volatility | 3.94% |
| 3Y volatility | 6.37% |
| Sharpe ratio | 0.99 |
About
GMAY uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in May. The fund foregoes some upside return, as well as the dividend component of IWM because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in SPY value. Should the shares of SPY decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis.
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