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 54 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% | 140.25M | Oct 2023 | NOVZ vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.58M | Jul 2025 | NOVZ vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | NOVZ vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.25M | Jan 2021 | NOVZ vs ISWN | |
| PGIM US Large-Cap Buffer 12 ETF - March | 0.50% | — | Feb 2024 | NOVZ vs MRCP |
Best Risk-Adjusted Alternatives to NOVZ
NOVZ has a PortfoliosLab risk / return rank of 62. There are 103 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 | 32.26M | Mar 2023 | NOVZ vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 190.94M | May 2020 | NOVZ vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | NOVZ vs PBAP | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | NOVZ vs XIMR |
Top Performing NOVZ Alternatives (YTD)
NOVZ is at 7.44% YTD. There are 34 ETFs in the Options Trading category with higher YTD returns, going as high as 109.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | NOVZ vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 15.28% | 190.88M | Sep 2023 | NOVZ vs QQQY | |
| Kurv Technology Titans Select ETF | 14.52% | 100.42M | Jul 2024 | NOVZ vs KQQQ | |
| Defiance R2000 Weekly Distribution ETF | 14.09% | 98.05M | Oct 2023 | NOVZ vs IWMY | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 13.13% | 923.83M | Mar 2024 | NOVZ vs QDTE |
Lowest Volatility Alternatives to NOVZ
NOVZ has 9.69% 1-year volatility. There are 114 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.27% | — | Mar 2024 | NOVZ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - July | 1.56% | 13.64M | Jun 2023 | NOVZ vs JULJ | |
| Alpha Architect Tail Risk ETF | 1.56% | 668.40M | Aug 2013 | NOVZ vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.26M | Mar 2023 | NOVZ vs APRJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.04% | — | Mar 2024 | NOVZ vs XIMR |
Lowest Drawdown Alternatives to NOVZ
NOVZ has a 1-year max drawdown of -6.72%. There are 105 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | NOVZ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.26M | Mar 2023 | NOVZ vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.64M | Jun 2023 | NOVZ vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | NOVZ vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 190.94M | May 2020 | NOVZ vs APRW |
Other ETFs from TrueShares
The 10 most viewed TrueShares ETFs shown here include DIVZ, AUGZ, SEPZ and span 3 categories. AUM among these funds goes as high as $279M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Opal Dividend Income ETF | Large Cap Value Equities | 41 | 6.43% | 278.53M | Jan 2021 | NOVZ vs DIVZ | |
| TrueShares Structured Outcome (August) ETF | Defined Outcome | 56 | 7.34% | 43.22M | Jul 2020 | NOVZ vs AUGZ | |
| TrueShares Structured Outcome (September) ETF | Options Trading | 56 | 7.55% | 129.42M | Aug 2020 | NOVZ vs SEPZ | |
| TrueShares Structured Outcome (March) ETF | Defined Outcome | 55 | 7.36% | 32.94M | Feb 2021 | NOVZ vs MARZ | |
| TrueShares Structured Outcome (December) ETF | Defined Outcome | 55 | 7.52% | 36.61M | Nov 2020 | NOVZ vs DECZ | |
| TrueShares Structured Outcome (October) ETF | Defined Outcome | 58 | 7.58% | 43.30M | Sep 2020 | NOVZ vs OCTZ | |
| Trueshares Structured Outcome (July) ETF | Options Trading | 53 | 7.69% | 36.55M | Jun 2020 | NOVZ vs JULZ | |
| TrueShares Structured Outcome (April) ETF | Defined Outcome | 49 | 6.76% | 32.99M | Mar 2021 | NOVZ vs APRZ | |
| TrueShares Structured Outcome (January) ETF | Defined Outcome | 58 | 7.59% | 41.28M | Dec 2020 | NOVZ vs JANZ | |
| TrueShares Structured Outcome (June) ETF | Defined Outcome | 56 | 7.84% | 30.73M | May 2021 | NOVZ vs JUNZ |
Often Compared With NOVZ
Investors most often compare NOVZ with APRP, BNO, AAPR. These 20 comparison targets span 6 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