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FT Vest Nasdaq-100 Moderate Buffer ETF - November ...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV)

ETF · Currency in USD · Last updated Apr 16, 2026

The FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) is an actively managed defined outcome ETF that seeks to provide investors with returns that match the price returns of the Invesco QQQ Trust up to a predetermined cap, while providing a moderate buffer against losses over a one-year outcome period starting each November. Managed by First Trust Advisors and co-managed by Vest Financial.

ETF Info

ISIN
US33740U5130
Issuer
First Trust
Inception Date
Nov 14, 2024
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart

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FT Vest Nasdaq-100 Moderate Buffer ETF - November

Performance

QMNV Performance Chart

FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) is up 2.5% since the beginning of the year. QMNV is currently trading at $24 per share.

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S&P 500 Index

Returns By Period

FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) has returned 2.47% so far this year and 24.22% over the past 12 months.

FT Vest Nasdaq-100 Moderate Buffer ETF - November

1D
0.49%
1M
3.30%
YTD
2.47%
6M
7.22%
1Y
24.22%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
0.80%
1M
4.83%
YTD
2.59%
6M
5.27%
1Y
30.14%
3Y*
19.29%
5Y*
10.91%
10Y*
12.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QMNV Monthly Returns History

Based on dividend-adjusted daily data since Nov 18, 2024, QMNV's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.

Historically, 78% of months were positive and 22% were negative. The best month was Apr 2026 with a return of +5.2%, while the worst month was Mar 2025 at -3.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.

On a daily basis, QMNV closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Apr 4, 2025 at -3.9%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.54%-0.81%-2.29%5.16%2.47%
20251.53%-1.01%-3.67%0.86%4.88%3.43%1.40%0.92%1.83%1.30%2.88%0.60%15.74%
20241.18%0.10%1.28%

Benchmark Metrics

FT Vest Nasdaq-100 Moderate Buffer ETF - November has an annualized alpha of 5.12%, beta of 0.63, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since November 19, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.93%) than losses (41.10%) — typical of diversified or defensive assets.
  • This ETF generated an annualized alpha of 5.12% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • Beta of 0.63 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
5.12%
Beta
0.63
R²
0.91
Upside Capture
67.93%
Downside Capture
41.10%

Expense Ratio

QMNV has an expense ratio of 0.90%, placing it in the medium range.

Return for Risk

Risk / Return Rank

QMNV ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

QMNV Risk / Return Rank: 8787
Overall Rank
QMNV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
QMNV Sortino Ratio Rank: 9191
Sortino Ratio Rank
QMNV Omega Ratio Rank: 9393
Omega Ratio Rank
QMNV Calmar Ratio Rank: 7777
Calmar Ratio Rank
QMNV Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) and compare them to a chosen benchmark (S&P 500 Index).

QMNVBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

3.10

2.30

+0.81

Sortino ratio

Return per unit of downside risk

4.58

3.18

+1.40

Omega ratio

Gain probability vs. loss probability

1.67

1.43

+0.24

Calmar ratio

Return relative to maximum drawdown

4.36

3.40

+0.96

Martin ratio

Return relative to average drawdown

21.39

15.35

+6.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore QMNV risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

QMNV Sortino RatioQMNV Sharpe Ratio

Dividends

Dividend History

FT Vest Nasdaq-100 Moderate Buffer ETF - November doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the FT Vest Nasdaq-100 Moderate Buffer ETF - November. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the FT Vest Nasdaq-100 Moderate Buffer ETF - November was 12.82%, occurring on Apr 8, 2025. Recovery took 38 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.82%Feb 20, 202534Apr 8, 202538Jun 3, 202572
-5.73%Jan 29, 202642Mar 30, 202610Apr 14, 202652
-2%Dec 17, 202418Jan 14, 20255Jan 22, 202523
-1.64%Dec 11, 20255Dec 17, 20254Dec 23, 20259
-1.62%Jan 24, 20252Jan 27, 202513Feb 13, 202515

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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