- ISIN
- US33740F3423
- CUSIP
- 33740F342
- Issuer
- First Trust
- Inception Date
- Nov 17, 2023
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $117M
Highlights
- Avg. Volume (1M)
- 6K
- Avg. Volume Value (1M)
- $158.28K
Share Price Chart
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Performance
SNOV Performance Chart
FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) is up 10.0% since the beginning of the year. SNOV is currently trading at $27 per share.
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Returns By Period
FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) has returned 10.01% so far this year and 17.92% over the past 12 months.
FT Vest U.S. Small Cap Moderate Buffer ETF - November
- 1D
- 0.09%
- 1M
- 0.54%
- 6M
- 7.65%
- YTD
- 10.01%
- 1Y
- 17.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.10%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SNOV Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2023, SNOV's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 73% of months were positive and 27% were negative. The best month was Apr 2026 with a return of +5.6%, while the worst month was Dec 2024 at -3.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SNOV closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 3, 2025 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.18% | 0.63% | -2.38% | 5.62% | 1.79% | 1.56% | 0.36% | 10.01% | |||||
| 2025 | 1.55% | -2.60% | -3.46% | -1.13% | 3.09% | 2.74% | 0.84% | 4.23% | 1.82% | 1.57% | -1.91% | 0.37% | 7.01% |
| 2024 | -1.16% | 2.25% | 1.76% | -2.38% | 2.95% | -0.04% | 3.33% | 0.64% | 0.67% | 0.81% | 3.93% | -3.63% | 9.19% |
| 2023 | 0.35% | 5.46% | 5.83% |
Benchmark Metrics
FT Vest U.S. Small Cap Moderate Buffer ETF - November has an annualized alpha of 0.31%, beta of 0.59, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since November 20, 2023.
- This ETF participated in 55.18% of S&P 500 Index downside but only 53.08% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 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
- 0.31%
- Beta
- 0.59
- R²
- 0.68
- Upside Capture
- 53.08%
- Downside Capture
- 55.18%
Expense Ratio
SNOV has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SNOV ranks 69 for risk / return — above 69% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SNOV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.00 | +0.12 |
| Martin ratioReturn relative to average drawdown | 9.33 | 8.49 | +0.84 |
Dividends
Dividend History
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 U.S. Small Cap 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 U.S. Small Cap Moderate Buffer ETF - November was 15.36%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The current FT Vest U.S. Small Cap Moderate Buffer ETF - November drawdown is 0.01%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.36%Apr 2025 | 4mo 6d | 4mo 7d | 8mo 13dDec 2024 - Aug 2025 | 2025 selloff2025 |
-7.91%Nov 2025 | 23d | 1mo 26d | 2mo 19dOct 2025 - Jan 2026 | — |
-4.81%Mar 2026 | 2mo 6d | 14d | 2mo 20dJan 2026 - Apr 2026 | — |
-4.16%Aug 2024 | 4d | 18d | 22dAug 2024 - Aug 2024 | — |
-3.38%Apr 2024 | 17d | 26d | 1mo 13dApr 2024 - May 2024 | — |
Drawdown Indicators
| SNOV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.36% | -56.78% | +41.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -9.10% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.58% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -10.70% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.14% | -0.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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