TrueShares Structured Outcome (November) ETF (NOVZ) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NOVZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NOVZ
NOVZ charges 0.79% annually. There are 53 ETFs in the Options Trading category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | 0.29% | 137.24M | Oct 2023 | NOVZ vs PHEQ | |
| iShares 20+ Year Treasury Bond BuyWrite Strategy E... | 0.35% | 1.97B | Jun 2022 | NOVZ vs TLTW | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.93M | Jan 2021 | NOVZ vs ISWN | |
| PGIM US Large-Cap Buffer 20 ETF - February | 0.50% | — | Jan 2024 | NOVZ vs PBFB | |
| JPMorgan Hedged Equity Laddered Overlay ETF | 0.50% | 4.13B | Sep 2023 | NOVZ vs HELO |
Best Risk-Adjusted Alternatives to NOVZ
NOVZ has a PortfoliosLab risk / return rank of 68. There are 96 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | NOVZ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.67M | Mar 2023 | NOVZ vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 198.32M | May 2020 | NOVZ vs APRW | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | — | Apr 2024 | NOVZ vs XAPR | |
| PGIM US Large-Cap Buffer 12 ETF - April | 98 | — | Mar 2024 | NOVZ vs APRP |
Top Performing NOVZ Alternatives (YTD)
NOVZ is at 8.13% YTD. There are 19 ETFs in the Options Trading category with higher YTD returns, going as high as 110.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 110.49% | 367.33M | Sep 2023 | NOVZ vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 19.07% | 189.73M | Sep 2023 | NOVZ vs QQQY | |
| LHA Market State Tactical Q ETF | 17.40% | 32.01M | Mar 2022 | NOVZ vs MSTQ | |
| YieldMax NVDA Option Income Strategy ETF | 13.06% | 1.45B | May 2023 | NOVZ vs NVDY | |
| Innovator Uncapped Accelerated U.S. Equity ETF | 12.67% | 49.68M | Aug 2022 | NOVZ vs XUSP |
Lowest Volatility Alternatives to NOVZ
NOVZ has 9.39% 1-year volatility. There are 123 ETFs in the Options Trading category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 10 Barrier ETF - April | 0.00% | 9.42M | Mar 2023 | NOVZ vs APRD | |
| Innovator Premium Income 40 Barrier ETF - October | 0.00% | 7.17M | Sep 2023 | NOVZ vs OCTQ | |
| Innovator Premium Income 9 Buffer ETF - October | 0.00% | 5.96M | Sep 2023 | NOVZ vs HOCT | |
| Innovator U.S. Equity Accelerated ETF - October | 0.00% | 3.39M | Sep 2021 | NOVZ vs XDOC | |
| Innovator Premium Income 40 Barrier ETF - July | 0.00% | 6.82M | Jun 2023 | NOVZ vs JULQ |
Lowest Drawdown Alternatives to NOVZ
NOVZ has a 1-year max drawdown of -6.72%. There are 107 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 30 Barrier ETF - April | -0.20% | 32.67M | Mar 2023 | NOVZ vs APRJ | |
| Innovator Premium Income 15 Buffer ETF - April | -0.24% | — | Mar 2024 | NOVZ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 15.66M | Jun 2023 | NOVZ vs JULJ | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | -0.66% | — | Apr 2024 | NOVZ vs XAPR | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.75% | 198.32M | May 2020 | NOVZ vs APRW |
Other ETFs from TrueShares
The 10 most viewed TrueShares ETFs shown here include DIVZ, RNWZ, AUGZ and span 4 categories. AUM among these funds goes as high as $247M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Opal Dividend Income ETF | Large Cap Value Equities | 31 | 3.10% | 247.48M | Jan 2021 | NOVZ vs DIVZ | |
| TrueShares Eagle Global Renewable Energy Income ET... | Energy Equities | 80 | 16.28% | 7.72M | Dec 2022 | NOVZ vs RNWZ | |
| TrueShares Structured Outcome (August) ETF | Defined Outcome | 65 | 8.27% | 45.34M | Jul 2020 | NOVZ vs AUGZ | |
| TrueShares Structured Outcome (September) ETF | Options Trading | 63 | 8.19% | 129.35M | Aug 2020 | NOVZ vs SEPZ | |
| TrueShares Structured Outcome (March) ETF | Defined Outcome | 62 | 7.95% | 30.95M | Feb 2021 | NOVZ vs MARZ | |
| TrueShares Structured Outcome (October) ETF | Defined Outcome | 65 | 8.27% | 45.43M | Sep 2020 | NOVZ vs OCTZ | |
| TrueShares Structured Outcome (December) ETF | Defined Outcome | 62 | 8.14% | 36.44M | Nov 2020 | NOVZ vs DECZ | |
| TrueShares Structured Outcome (April) ETF | Defined Outcome | 57 | 7.43% | 33.63M | Mar 2021 | NOVZ vs APRZ | |
| Trueshares Structured Outcome (July) ETF | Options Trading | 63 | 8.79% | 34.23M | Jun 2020 | NOVZ vs JULZ | |
| TrueShares Structured Outcome (June) ETF | Defined Outcome | 61 | 8.42% | 66.04M | May 2021 | NOVZ vs JUNZ |
Often Compared With NOVZ
Investors most often compare NOVZ with BNO, AAPR, AMZY. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare NOVZ with Any Fund or Stock
Compare NOVZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NOVZ with funds that move differently
TrueShares Structured Outcome (November) ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NOVZ.
Explore NOVZ Diversifiers