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

ETF · Currency in USD · Last updated Jul 22, 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.

FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) 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 QMNV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QMNV

QMNV charges 0.90% annually. There are 276 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.

SymbolNameExpense RatioAUMInception
OCTB
Aptus October Buffer ETF0.25%—Oct 2025QMNV vs OCTB
APRB
Aptus April Buffer ETF0.25%—Oct 2025QMNV vs APRB
JULB
Aptus July Buffer ETF0.25%—Oct 2025QMNV vs JULB
JANB
Aptus January Buffer ETF0.25%—Oct 2025QMNV vs JANB
FBUF
Fidelity Dynamic Buffered Equity ETF0.48%—Apr 2024QMNV vs FBUF

Best Risk-Adjusted Alternatives to QMNV

QMNV has a PortfoliosLab risk / return rank of 86. There are 125 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April
99
—Mar 2025QMNV vs PMAP
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
98
19.50MApr 2025QMNV vs CPSP
MMAX
iShares Large Cap Max Buffer Mar ETF
98
—Mar 2025QMNV vs MMAX
ZAPR
Innovator Equity Defined Protection ETF - 1 Yr Apr...
98
—Apr 2025QMNV vs ZAPR
XBAP
Innovator U.S. Equity Accelerated 9 Buffer ETF - A...
98
131.30MMar 2021QMNV vs XBAP

Top Performing QMNV Alternatives (YTD)

QMNV is at 7.17% YTD. There are 82 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.

SymbolNameYTD ReturnAUMInception
NVDO
Leverage Shares 2x Capped Accelerated NVDA Monthly...
16.35%
—Aug 2025QMNV vs NVDO
KFEB
Innovator U.S. Small Cap Power Buffer ETF - Februa...
14.25%
—Jan 2025QMNV vs KFEB
KAPR
Innovator Russell 2000 Power Buffer ETF - April
13.49%
214.71MMar 2020QMNV vs KAPR
QB
ProShares Nasdaq-100 Dynamic Daily Buffer ETF
13.19%
2.84MJun 2025QMNV vs QB
KMAR
Innovator U.S. Small Cap Power Buffer ETF - March
12.40%
—Feb 2025QMNV vs KMAR

Lowest Volatility Alternatives to QMNV

QMNV has 7.01% 1-year volatility. There are 181 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.

SymbolNameVolatility 1YAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April1.15%—Mar 2025QMNV vs PMAP
APXM
FT Vest U.S. Equity Max Buffer ETF - April1.26%—Apr 2025QMNV vs APXM
PMMY
PGIM S&P 500 Max Buffer ETF - May1.33%—Apr 2025QMNV vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...1.36%19.50MApr 2025QMNV vs CPSP
MMAX
iShares Large Cap Max Buffer Mar ETF1.44%—Mar 2025QMNV vs MMAX

Lowest Drawdown Alternatives to QMNV

QMNV has a 1-year max drawdown of -5.73%. There are 190 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.

SymbolNameMax Drawdown 1YAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April
-0.35%
—Mar 2025QMNV vs PMAP
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
-0.37%
19.50MApr 2025QMNV vs CPSP
ZAPR
Innovator Equity Defined Protection ETF - 1 Yr Apr...
-0.40%
—Apr 2025QMNV vs ZAPR
MMAX
iShares Large Cap Max Buffer Mar ETF
-0.46%
—Mar 2025QMNV vs MMAX
CPSM
Calamos S&P 500 Structured Alt Protection ETF - Ma...
-0.49%
56.50MMay 2024QMNV vs CPSM

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CIBR
First Trust NASDAQ Cybersecurity ETFCybersecurity, Technology Equities
30
27.10%
14.39BJul 2015QMNV vs CIBR
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastru...Alternative Energy Equities
51
18.27%
11.41BNov 2009QMNV vs GRID
AIRR
First Trust RBA American Industrial Renaissance ET...Building & Construction
75
25.32%
12.36BMar 2014QMNV vs AIRR
NFTY
First Trust India NIFTY 50 Equal Weight ETFIndia Equities, Equal Weight, Asia Pacific Equities
5
-7.64%
131.70MFeb 2012QMNV vs NFTY
FDL
First Trust Morningstar Dividend Leaders Index Fun...Large Cap Value Equities, Dividend
88
16.47%
7.68BMar 2006QMNV vs FDL
IGLD
FT Vest Gold Strategy Target Income ETFGold, Derivative Income, Precious Metals
21
-6.07%
498.01MMar 2021QMNV vs IGLD
FTXL
First Trust Nasdaq Semiconductor ETFSemiconductors, Technology Equities
94
86.89%
2.20BSep 2016QMNV vs FTXL
TDIV
First Trust NASDAQ Technology Dividend Index FundTechnology Equities, Dividend
35
13.85%
4.09BAug 2012QMNV vs TDIV
QCLN
First Trust NASDAQ Clean Edge Green Energy Index F...Alternative Energy Equities
45
19.12%
663.55MFeb 2007QMNV vs QCLN
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income...Dividend, S&P 500
35
7.31%
3.42BMar 2018QMNV vs KNG

Often Compared With QMNV

Investors most often compare QMNV with LJUL, SMAX, BUFP. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
LJUL
Innovator Premium Income 15 Buffer ETF - JulyDefined Outcome
98
2.33%
—Jun 2024QMNV vs LJUL
SMAX
iShares Large Cap Max Buffer Sep ETFDefined Outcome
94
3.77%
—Sep 2024QMNV vs SMAX
BUFP
PGIM Laddered S&P 500 Buffer 12 ETFDefined Outcome, S&P 500
87
6.96%
215.63MJun 2024QMNV vs BUFP
BNO
United States Brent Oil Fund LPOil & Gas
56
78.53%
652.33MJun 2010QMNV vs BNO
IBIC
iShares iBonds Oct 2026 Term TIPS ETFInflation-Protected Bonds
98
2.57%
84.36MSep 2023QMNV vs IBIC
COMT
iShares GSCI Commodity Dynamic Roll Strategy ETFCommodities
59
32.36%
1.17BOct 2014QMNV vs COMT
ROBT
First Trust Nasdaq Artificial Intelligence & Robot...Technology Equities, Robotics
18
4.83%
704.30MFeb 2018QMNV vs ROBT
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - MarchNasdaq-100, Defined Outcome
95
12.33%
560.94MMar 2021QMNV vs QMAR
DBE
Invesco DB Energy FundOil & Gas
70
78.09%
95.55MJan 2007QMNV vs DBE
DBO
Invesco DB Oil FundOil & Gas
62
75.41%
252.31MJan 2007QMNV vs DBO
EAPR
Innovator Emerging Markets Power Buffer ETF - Apri...Defined Outcome
78
9.36%
101.89MMar 2021QMNV vs EAPR
DMAX
iShares Large Cap Max Buffer December ETFDefined Outcome
95
2.87%
138.22MDec 2024QMNV vs DMAX
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - AprilDefined Outcome, Nasdaq-100
97
11.51%
25.80MDec 2024QMNV vs PQAP
ZMAY
Innovator Equity Defined Protection ETF - 1 Yr MayDefined Outcome
97
2.44%
—May 2025QMNV vs ZMAY
DCMT
DoubleLine Commodity Strategy ETFCommodities
60
28.83%
38.09MJan 2024QMNV vs DCMT
IBID
iShares iBonds Oct 2027 Term TIPS ETFInflation-Protected Bonds
96
2.45%
118.14MSep 2023QMNV vs IBID
PBFR
PGIM Laddered S&P 500 Buffer 20 ETFDefined Outcome, S&P 500
92
5.24%
196.55MJun 2024QMNV vs PBFR
TMAR
FT Vest Emerging Markets Buffer ETF - MarchDefined Outcome
81
11.98%
—Mar 2025QMNV vs TMAR
PMFB
PGIM S&P 500 Max Buffer ETF - FebruaryDefined Outcome, S&P 500
96
2.96%
—Jan 2025QMNV vs PMFB
PMJA
PGIM S&P 500 Max Buffer ETF - JanuaryDefined Outcome, S&P 500
95
2.82%
4.58MDec 2024QMNV vs PMJA

Compare QMNV with Any Fund or Stock

Compare QMNV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair QMNV with funds that move differently

FT Vest Nasdaq-100 Moderate Buffer ETF - November alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMNV.

Explore QMNV Diversifiers