BNOV Alternatives & Similar ETFs

Innovator U.S. Equity Buffer ETF - November (BNOV) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BNOV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BNOV

BNOV charges 0.79% annually. There are 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.

Symbol	Name	Expense Ratio	AUM	Inception
APRB	Aptus April Buffer ETF	0.25%	—	Oct 2025	BNOV vs APRB
OCTB	Aptus October Buffer ETF	0.25%	—	Oct 2025	BNOV vs OCTB
JULB	Aptus July Buffer ETF	0.25%	—	Oct 2025	BNOV vs JULB
JANB	Aptus January Buffer ETF	0.25%	—	Oct 2025	BNOV vs JANB
FBUF	Fidelity Dynamic Buffered Equity ETF	0.48%	—	Apr 2024	BNOV vs FBUF

Best Risk-Adjusted Alternatives to BNOV

BNOV has a PortfoliosLab risk / return rank of 72. There are 188 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
PMAP	PGIM S&P 500 Max Buffer ETF - April	99	—	Mar 2025	BNOV vs PMAP
MMAX	iShares Large Cap Max Buffer Mar ETF	98	—	Mar 2025	BNOV vs MMAX
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	98	19.60M	Apr 2025	BNOV vs CPSP
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	98	—	Apr 2025	BNOV vs ZAPR
XBAP	Innovator U.S. Equity Accelerated 9 Buffer ETF - A...	98	134.85M	Mar 2021	BNOV vs XBAP

Top Performing BNOV Alternatives (YTD)

BNOV is at 8.49% YTD. There are 41 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.

Symbol	Name	YTD Return	AUM	Inception
NVDO	Leverage Shares 2x Capped Accelerated NVDA Monthly...	16.35%	—	Aug 2025	BNOV vs NVDO
KFEB	Innovator U.S. Small Cap Power Buffer ETF - Februa...	13.70%	—	Jan 2025	BNOV vs KFEB
KAPR	Innovator Russell 2000 Power Buffer ETF - April	13.15%	214.51M	Mar 2020	BNOV vs KAPR
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	12.87%	568.10M	Mar 2021	BNOV vs QMAR
TMAR	FT Vest Emerging Markets Buffer ETF - March	12.87%	—	Mar 2025	BNOV vs TMAR

Lowest Volatility Alternatives to BNOV

BNOV has 8.80% 1-year volatility. There are 237 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
PMAP	PGIM S&P 500 Max Buffer ETF - April	1.15%	—	Mar 2025	BNOV vs PMAP
APXM	FT Vest U.S. Equity Max Buffer ETF - April	1.24%	—	Apr 2025	BNOV vs APXM
PMMY	PGIM S&P 500 Max Buffer ETF - May	1.30%	—	Apr 2025	BNOV vs PMMY
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	1.34%	19.60M	Apr 2025	BNOV vs CPSP
MMAX	iShares Large Cap Max Buffer Mar ETF	1.41%	—	Mar 2025	BNOV vs MMAX

Lowest Drawdown Alternatives to BNOV

BNOV has a 1-year max drawdown of -6.57%. There are 212 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PMAP	PGIM S&P 500 Max Buffer ETF - April	-0.35%	—	Mar 2025	BNOV vs PMAP
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	-0.37%	19.60M	Apr 2025	BNOV vs CPSP
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	-0.40%	—	Apr 2025	BNOV vs ZAPR
MMAX	iShares Large Cap Max Buffer Mar ETF	-0.46%	—	Mar 2025	BNOV vs MMAX
CPSM	Calamos S&P 500 Structured Alt Protection ETF - Ma...	-0.49%	56.60M	May 2024	BNOV vs CPSM

Other ETFs from Innovator

The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BALT	Innovator Defined Wealth Shield ETF	Defined Outcome	95	2.66%	2.68B	Jun 2021	BNOV vs BALT
FFTY	Innovator IBD 50 ETF	Large Cap Growth Equities	26	15.54%	89.40M	Apr 2015	BNOV vs FFTY
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	89	6.28%	891.58M	Oct 2016	BNOV vs BUFF
SFLR	Innovator Equity Managed Floor ETF	Options Trading	56	5.58%	2.12B	Nov 2022	BNOV vs SFLR
LOUP	Innovator Deepwater Frontier Tech ETF	Technology Equities	63	23.47%	221.95M	Jul 2018	BNOV vs LOUP
PJAN	Innovator U.S. Equity Power Buffer ETF - January	Defined Outcome	83	5.98%	1.47B	Jan 2019	BNOV vs PJAN
XTAP	Innovator U.S. Equity Accelerated Plus ETF	Leveraged Equities	98	12.07%	22.82M	Apr 2021	BNOV vs XTAP
BAPR	Innovator U.S. Equity Buffer ETF - April	Defined Outcome	97	11.65%	404.39M	Mar 2019	BNOV vs BAPR
PJUL	Innovator U.S. Equity Power Buffer ETF - July	Defined Outcome	88	5.78%	1.12B	Aug 2018	BNOV vs PJUL
QFLR	Innovator Nasdaq-100 Managed Floor ETF	Nasdaq-100, Options Trading	60	6.01%	543.68M	Jan 2024	BNOV vs QFLR

Often Compared With BNOV

Investors most often compare BNOV with BFEB, BJAN, BAUG. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BFEB	Innovator S&P 500 Buffer ETF - February	Options Trading, S&P 500	82	8.97%	254.63M	Jan 2020	BNOV vs BFEB
BJAN	Innovator U.S. Equity Buffer ETF - January	Defined Outcome	82	7.74%	393.19M	Dec 2018	BNOV vs BJAN
BAUG	Innovator U.S. Equity Buffer ETF - August	Defined Outcome	82	7.82%	196.99M	Jul 2019	BNOV vs BAUG
PDEC	Innovator U.S. Equity Power Buffer ETF - December	Defined Outcome	85	6.50%	988.31M	Nov 2019	BNOV vs PDEC
BJUL	Innovator U.S. Equity Buffer ETF - July	Defined Outcome	83	7.78%	292.42M	Aug 2018	BNOV vs BJUL
USO	United States Oil Fund LP	Oil & Gas	34	57.17%	1.92B	Apr 2006	BNOV vs USO
PAPR	Innovator U.S. Equity Power Buffer ETF - April	Defined Outcome	98	8.36%	954.02M	Apr 2019	BNOV vs PAPR
BMAY	Innovator U.S. Equity Buffer ETF - May	Defined Outcome	89	6.53%	231.61M	Apr 2020	BNOV vs BMAY
PFEB	Innovator U.S. Equity Power Buffer ETF - February	Defined Outcome	84	6.31%	923.32M	Jan 2020	BNOV vs PFEB
PJUN	Innovator U.S. Equity Power Buffer ETF - June	Defined Outcome	80	3.93%	952.19M	May 2019	BNOV vs PJUN
POCT	Innovator U.S. Equity Power Buffer ETF October	Defined Outcome	80	6.28%	967.98M	Sep 2018	BNOV vs POCT
BSEP	Innovator U.S. Equity Buffer ETF - September	Defined Outcome	84	7.84%	216.55M	Aug 2019	BNOV vs BSEP
PAUG	Innovator U.S. Equity Power Buffer ETF - August	Defined Outcome	88	5.90%	860.50M	Aug 2019	BNOV vs PAUG
BDEC	Innovator U.S. Equity Buffer ETF - December	Defined Outcome	77	8.17%	221.30M	Nov 2019	BNOV vs BDEC
PSEP	Innovator U.S. Equity Power Buffer ETF - September	Defined Outcome	86	5.86%	843.98M	Aug 2019	BNOV vs PSEP
BJUN	Innovator U.S. Equity Buffer ETF - June	Defined Outcome	69	4.94%	311.29M	May 2019	BNOV vs BJUN
PMAR	Innovator U.S. Equity Power Buffer ETF - March	Defined Outcome	90	6.96%	759.61M	Mar 2020	BNOV vs PMAR
BMAR	Innovator U.S. Equity Buffer ETF - March	Defined Outcome	87	9.35%	251.01M	Feb 2020	BNOV vs BMAR
BOCT	Innovator U.S. Equity Buffer ETF October	Defined Outcome	79	8.16%	286.04M	Sep 2018	BNOV vs BOCT
PMAY	Innovator U.S. Equity Power Buffer ETF - May	Defined Outcome	93	5.10%	812.21M	Apr 2020	BNOV vs PMAY

Compare BNOV with Any Fund or Stock

Compare BNOV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair BNOV with funds that move differently

Innovator U.S. Equity Buffer ETF - November alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BNOV.

Explore BNOV Diversifiers

Innovator U.S. Equity Buffer ETF - November (BNOV) Alternatives