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

ETF · Currency in USD · Last updated Jun 3, 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 262 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.

SymbolNameExpense RatioAUMInception
JANB
Aptus January Buffer ETF0.25%—Oct 2025QMNV vs JANB
JULB
Aptus July Buffer ETF0.25%—Oct 2025QMNV vs JULB
APRB
Aptus April Buffer ETF0.25%—Oct 2025QMNV vs APRB
OCTB
Aptus October Buffer ETF0.25%—Oct 2025QMNV vs OCTB
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 87. There are 90 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
APXM
FT Vest U.S. Equity Max Buffer ETF - April
99
—Apr 2025QMNV vs APXM
MMAX
iShares Large Cap Max Buffer Mar ETF
99
—Mar 2025QMNV vs MMAX
PMMY
PGIM S&P 500 Max Buffer ETF - May
98
—Apr 2025QMNV vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
98
18.90MApr 2025QMNV vs CPSP

Top Performing QMNV Alternatives (YTD)

QMNV is at 7.32% YTD. There are 67 ETFs in the Defined Outcome category with higher YTD returns, going as high as 21.85%.

SymbolNameYTD ReturnAUMInception
NVDO
Leverage Shares 2x Capped Accelerated NVDA Monthly...
21.85%
—Aug 2025QMNV vs NVDO
TMAR
FT Vest Emerging Markets Buffer ETF - March
15.28%
—Mar 2025QMNV vs TMAR
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
13.06%
557.94MMar 2021QMNV vs QMAR
UXJL
FT Vest U.S. Equity Uncapped Accelerator ETF - Jul...
12.64%
—Jul 2025QMNV vs UXJL
UXJA
FT Vest U.S. Equity Uncapped Accelerator ETF - Jan...
12.41%
—Jan 2025QMNV vs UXJA

Lowest Volatility Alternatives to QMNV

QMNV has 6.68% 1-year volatility. There are 166 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.

SymbolNameVolatility 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April1.01%—Apr 2025QMNV vs APXM
PMMY
PGIM S&P 500 Max Buffer ETF - May1.12%—Apr 2025QMNV vs PMMY
PMAP
PGIM S&P 500 Max Buffer ETF - April1.15%—Mar 2025QMNV vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF1.39%—Mar 2025QMNV vs MMAX
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...1.42%18.90MApr 2025QMNV vs CPSP

Lowest Drawdown Alternatives to QMNV

QMNV has a 1-year max drawdown of -5.73%. There are 170 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.

SymbolNameMax Drawdown 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April
-0.27%
—Apr 2025QMNV vs APXM
MMAX
iShares Large Cap Max Buffer Mar ETF
-0.34%
—Mar 2025QMNV vs MMAX
PMAP
PGIM S&P 500 Max Buffer ETF - April
-0.34%
—Mar 2025QMNV vs PMAP
PMMY
PGIM S&P 500 Max Buffer ETF - May
-0.36%
—Apr 2025QMNV vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
-0.37%
18.90MApr 2025QMNV vs CPSP

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CIBR
First Trust NASDAQ Cybersecurity ETFTechnology Equities, Cybersecurity
26
28.52%
13.68BJul 2015QMNV vs CIBR
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastru...Alternative Energy Equities
79
28.91%
11.29BNov 2009QMNV vs GRID
NFTY
First Trust India NIFTY 50 Equal Weight ETFAsia Pacific Equities
3
-9.70%
133.88MFeb 2012QMNV vs NFTY
AIRR
First Trust RBA American Industrial Renaissance ET...Building & Construction
78
31.77%
10.62BMar 2014QMNV vs AIRR
FDL
First Trust Morningstar Dividend Leaders Index Fun...Large Cap Value Equities, Dividend
70
13.33%
7.39BMar 2006QMNV vs FDL
IGLD
FT Cboe Vest Gold Strategy Target Income ETFPrecious Metals, Gold
28
1.69%
591.41MMar 2021QMNV vs IGLD
FTXL
First Trust Nasdaq Semiconductor ETFSemiconductors, Technology Equities
97
115.70%
2.52BSep 2016QMNV vs FTXL
TDIV
First Trust NASDAQ Technology Dividend Index FundTechnology Equities, Dividend
83
30.57%
4.66BAug 2012QMNV vs TDIV
KNG
FT Cboe Vest S&P 500 Dividend Aristocrats Target I...Dividend, S&P 500
20
2.20%
3.28BMar 2018QMNV vs KNG
QCLN
First Trust NASDAQ Clean Edge Green Energy Index F...Alternative Energy Equities
89
52.94%
895.30MFeb 2007QMNV vs QCLN

Often Compared With QMNV

Investors most often compare QMNV with LJUL, SMAX, BNO. 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
96
1.84%
—Jun 2024QMNV vs LJUL
SMAX
iShares Large Cap Max Buffer Sep ETFDefined Outcome
93
3.09%
—Sep 2024QMNV vs SMAX
BNO
United States Brent Oil Fund LPOil & Gas
65
90.47%
95.54MJun 2010QMNV vs BNO
BUFP
PGIM Laddered S&P 500 Buffer 12 ETFDefined Outcome, S&P 500
86
6.23%
183.97MJun 2024QMNV vs BUFP
IBIC
iShares iBonds Oct 2026 Term TIPS ETFInflation-Protected Bonds
98
2.37%
85.92MSep 2023QMNV vs IBIC
COMT
iShares Commodities Select Strategy ETFCommodities
71
39.67%
1.15BOct 2014QMNV vs COMT
DBO
Invesco DB Oil FundOil & Gas
65
84.75%
275.60MJan 2007QMNV vs DBO
DMAX
iShares Large Cap Max Buffer December ETFDefined Outcome
94
2.34%
136.60MDec 2024QMNV vs DMAX
ROBT
First Trust Nasdaq Artificial Intelligence & Robot...Technology Equities, Robotics
32
14.22%
763.61MFeb 2018QMNV vs ROBT
EAPR
Innovator Emerging Markets Power Buffer ETF - Apri...Defined Outcome
94
11.39%
100.91MMar 2021QMNV vs EAPR
IBID
iShares iBonds Oct 2027 Term TIPS ETFInflation-Protected Bonds
96
2.38%
111.60MSep 2023QMNV vs IBID
ZMAY
Innovator Equity Defined Protection ETF - 1 Yr MayDefined Outcome
98
2.26%
—May 2025QMNV vs ZMAY
DBE
Invesco DB Energy FundOil & Gas
71
83.68%
99.79MJan 2007QMNV vs DBE
DCMT
DoubleLine Commodity Strategy ETFCommodities
74
33.65%
35.63MJan 2024QMNV vs DCMT
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - AprilDefined Outcome, Nasdaq-100
98
12.09%
7.34MDec 2024QMNV vs PQAP
CPSM
Calamos S&P 500 Structured Alt Protection ETF - Ma...Defined Outcome, S&P 500
97
2.27%
55.00MMay 2024QMNV vs CPSM
KAPR
Innovator Russell 2000 Power Buffer ETF - AprilDefined Outcome
95
10.96%
214.88MMar 2020QMNV vs KAPR
KFEB
Innovator U.S. Small Cap Power Buffer ETF - Februa...Defined Outcome
76
12.08%
—Jan 2025QMNV vs KFEB
PBFR
PGIM Laddered S&P 500 Buffer 20 ETFDefined Outcome, S&P 500
90
4.52%
154.43MJun 2024QMNV vs PBFR
PMJA
PGIM S&P 500 Max Buffer ETF - JanuaryDefined Outcome, S&P 500
95
2.40%
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