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 215 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 October Buffer ETF | 0.25% | — | Oct 2025 | DLNV vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | DLNV vs JULB | |
| 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 236 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 | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | DLNV vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | DLNV vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | DLNV vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 133.20M | Mar 2021 | DLNV vs XBAP |
Top Performing DLNV Alternatives (YTD)
DLNV is at 5.60% YTD. There are 135 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | DLNV vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 14.04% | — | Jan 2025 | DLNV vs KFEB | |
| FT Vest Emerging Markets Buffer ETF - March | 13.86% | — | Mar 2025 | DLNV vs TMAR | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.29% | 217.34M | Mar 2020 | DLNV vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.83% | 556.83M | Mar 2021 | DLNV vs QMAR |
Lowest Volatility Alternatives to DLNV
DLNV has 7.08% 1-year volatility. There are 187 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | DLNV vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.22% | — | Apr 2025 | DLNV vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.29% | — | Apr 2025 | DLNV vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | DLNV vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.41% | — | Mar 2025 | DLNV vs MMAX |
Lowest Drawdown Alternatives to DLNV
Among 242 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | DLNV vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | DLNV vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | DLNV vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | DLNV vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.30M | May 2024 | DLNV vs CPSM |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 14 categories. AUM among these funds goes as high as $13B.
Often Compared With DLNV
Investors most often compare DLNV with QB, UXJL, ZMAY. These 8 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 | 92 | 11.32% | 2.30M | Jun 2025 | DLNV vs QB | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | Defined Outcome | — | 10.60% | — | Jul 2025 | DLNV vs UXJL | |
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 96 | 2.11% | — | May 2025 | DLNV vs ZMAY | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | Defined Outcome, Nasdaq-100 | 97 | 11.93% | 7.34M | Dec 2024 | DLNV vs PQAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 96 | 11.00% | 400.74M | Mar 2019 | DLNV vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - April | Defined Outcome | 98 | 7.87% | 947.19M | Apr 2019 | DLNV vs PAPR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | Defined Outcome | 56 | 10.43% | — | Jan 2025 | DLNV vs UXJA | |
| Innovator U.S. Small Cap Power Buffer ETF - March | Defined Outcome | 90 | 12.13% | — | Feb 2025 | DLNV vs KMAR |
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