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DNOV vs. BGLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DNOV vs. BGLD

Last updated Apr 1, 2026

Compare and contrast key facts about FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD).

DNOV and BGLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DNOV is a passively managed fund by FT Vest that tracks the performance of the S&P 500. It was launched on Nov 15, 2019. BGLD is an actively managed fund by FT Vest. It was launched on Jan 20, 2021.

Performance

DNOV vs. BGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). The values are adjusted to include any dividend payments, if applicable.

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DNOV vs. BGLD - Yearly Performance Comparison

2026 (YTD)20252024202320222021
DNOV
FT Vest U.S. Equity Deep Buffer ETF - November		-1.91%13.93%10.71%18.52%-7.50%5.43%
BGLD
FT Vest Gold Strategy Quarterly Buffer ETF		0.18%33.03%21.80%13.24%-2.42%-5.57%

Returns By Period

In the year-to-date period, DNOV achieves a -1.91% return, which is significantly lower than BGLD's 0.18% return.

DNOV

1D
1.46%
1M
-2.36%
YTD
-1.91%
6M
2.32%
1Y
14.29%
3Y*
11.81%
5Y*
6.99%
10Y*
—

BGLD

1D
2.63%
1M
-6.42%
YTD
0.18%
6M
2.66%
1Y
16.42%
3Y*
20.21%
5Y*
12.18%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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FT Vest U.S. Equity Deep Buffer ETF - November

FT Vest Gold Strategy Quarterly Buffer ETF

Often compared with DNOV:
DNOV vs. PNOVDNOV vs. FDECDNOV vs. FAPRDNOV vs. GOCTDNOV vs. BUFDDNOV vs. DAUGDNOV vs. DAPR
Often compared with BGLD:
BGLD vs. IGLDBGLD vs. GLDBGLD vs. GLDIBGLD vs. VOOBGLD vs. IAUMBGLD vs. VTVBGLD vs. LQDH

DNOV vs. BGLD - Expense Ratio Comparison

DNOV has a 0.85% expense ratio, which is lower than BGLD's 0.91% expense ratio.

BGLD
FT Vest Gold Strategy Quarterly Buffer ETF
DNOV
FT Vest U.S. Equity Deep Buffer ETF - November

Return for Risk

DNOV vs. BGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DNOV
DNOV Risk / Return Rank: 8686
Overall Rank
DNOV Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
DNOV Sortino Ratio Rank: 8686
Sortino Ratio Rank
DNOV Omega Ratio Rank: 8989
Omega Ratio Rank
DNOV Calmar Ratio Rank: 8383
Calmar Ratio Rank
DNOV Martin Ratio Rank: 9191
Martin Ratio Rank
BGLD
BGLD Risk / Return Rank: 7474
Overall Rank
BGLD Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
BGLD Sortino Ratio Rank: 7777
Sortino Ratio Rank
BGLD Omega Ratio Rank: 7676
Omega Ratio Rank
BGLD Calmar Ratio Rank: 6363
Calmar Ratio Rank
BGLD Martin Ratio Rank: 7777
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.

DNOV vs. BGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

DNOVBGLDDifference

Sharpe ratio

Return per unit of total volatility

1.58

1.37

+0.21

Sortino ratio

Return per unit of downside risk

2.33

1.89

+0.44

Omega ratio

Gain probability vs. loss probability

1.38

1.28

+0.10

Calmar ratio

Return relative to maximum drawdown

2.38

1.51

+0.86

Martin ratio

Return relative to average drawdown

12.43

7.80

+4.62

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

DNOV vs. BGLD - Sharpe Ratio Comparison

The current DNOV Sharpe Ratio is 1.58, which is comparable to the BGLD Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of DNOV and BGLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DNOVBGLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.58

1.37

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

1.24

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

1.09

-0.28

Correlation

The correlation between DNOV and BGLD is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DNOV vs. BGLD - Dividend Comparison

DNOV has not paid dividends to shareholders, while BGLD's dividend yield for the trailing twelve months is around 44.24%.

TTM2025202420232022
DNOV
FT Vest U.S. Equity Deep Buffer ETF - November		0.00%0.00%0.00%0.00%0.00%
BGLD
FT Vest Gold Strategy Quarterly Buffer ETF		44.24%44.32%25.04%10.49%0.40%

Drawdowns

DNOV vs. BGLD - Drawdown Comparison

The maximum DNOV drawdown since its inception was -15.03%, smaller than the maximum BGLD drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for DNOV and BGLD.

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Drawdown Indicators

DNOVBGLDDifference

Max Drawdown

Largest peak-to-trough decline

-15.03%

-16.19%

+1.16%

Max Drawdown (1Y)

Largest decline over 1 year

-6.13%

-11.11%

+4.98%

Max Drawdown (5Y)

Largest decline over 5 years

-9.98%

-16.19%

+6.21%

Current Drawdown

Current decline from peak

-2.78%

-7.35%

+4.57%

Average Drawdown

Average peak-to-trough decline

-2.06%

-3.54%

+1.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

2.15%

-0.98%

Volatility

DNOV vs. BGLD - Volatility Comparison

The current volatility for FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) is 2.68%, while FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) has a volatility of 6.83%. This indicates that DNOV experiences smaller price fluctuations and is considered to be less risky than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DNOVBGLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.68%

6.83%

-4.15%

Volatility (6M)

Calculated over the trailing 6-month period

4.45%

9.28%

-4.83%

Volatility (1Y)

Calculated over the trailing 1-year period

9.09%

12.06%

-2.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.59%

9.88%

-2.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.12%

9.87%

-0.75%