FT Vest U.S. Equity Dual Directional Buffer ETF - November (DLNV) 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 DLNV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DLNV
DLNV charges 0.85% annually. There are 209 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | DLNV vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | DLNV vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | DLNV vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | DLNV vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | DLNV vs FBUF |
Best Risk-Adjusted Alternatives to DLNV
Among 220 ETFs in the Defined Outcome category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | DLNV vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | DLNV vs MMAX | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | DLNV vs APXM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | DLNV vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | DLNV vs PMMY |
Top Performing DLNV Alternatives (YTD)
DLNV is at 5.52% YTD. There are 128 ETFs in the Defined Outcome category with higher YTD returns, going as high as 20.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 20.98% | — | Aug 2025 | DLNV vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 13.87% | — | Mar 2025 | DLNV vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.03% | 557.94M | Mar 2021 | DLNV vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.29% | — | Jul 2025 | DLNV vs UXJL | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 12.25% | — | Jan 2025 | DLNV vs KFEB |
Lowest Volatility Alternatives to DLNV
DLNV has 7.20% 1-year volatility. There are 182 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | DLNV vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | DLNV vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | DLNV vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | DLNV vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.41% | 18.90M | Apr 2025 | DLNV vs CPSP |
Lowest Drawdown Alternatives to DLNV
Among 220 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | DLNV vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | DLNV vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | DLNV vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | DLNV vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | DLNV vs CPSP |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With DLNV
Investors most often compare DLNV with QB, ZMAY, PQAP. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | Defined Outcome, Nasdaq-100 | — | 10.26% | 2.34M | Jun 2025 | DLNV vs QB | |
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 97 | 2.24% | — | May 2025 | DLNV vs ZMAY | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | Defined Outcome, Nasdaq-100 | 98 | 12.11% | 7.34M | Dec 2024 | DLNV vs PQAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 96 | 10.98% | 401.85M | Mar 2019 | DLNV vs BAPR | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | Defined Outcome | 98 | 3.28% | — | Apr 2025 | DLNV vs ZAPR | |
| Innovator Russell 2000 Power Buffer ETF - April | Defined Outcome | 96 | 11.69% | 214.88M | Mar 2020 | DLNV vs KAPR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | Defined Outcome | 68 | 12.12% | — | Jan 2025 | DLNV vs UXJA |
Compare DLNV with Any Fund or Stock
Compare DLNV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DLNV with funds that move differently
FT Vest U.S. Equity Dual Directional Buffer ETF - November alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DLNV.
Explore DLNV Diversifiers