DNOV vs. FDND
DNOV (FT Vest U.S. Equity Deep Buffer ETF - November) and FDND (FT Vest Dow Jones Internet & Target Income ETF) are both exchange-traded funds - DNOV is a Defined Outcome fund tracking the S&P 500, while FDND is a Technology Equities fund actively managed by FT Vest. DNOV is passively managed, while FDND is actively managed. Over the past year, DNOV returned 15.16% vs 1.61% for FDND. Their 0.68 correlation means they have sometimes moved together and sometimes differently. DNOV charges 0.85%/yr vs 0.75%/yr for FDND.
Performance
DNOV vs. FDND - Performance Comparison
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Returns By Period
In the year-to-date period, DNOV achieves a 5.93% return, which is significantly higher than FDND's 0.56% return.
DNOV
- 1D
- 0.40%
- 1M
- 0.77%
- 6M
- 5.15%
- YTD
- 5.93%
- 1Y
- 15.16%
- 3Y*
- 11.86%
- 5Y*
- 8.27%
- 10Y*
- —
- ALL TIME*
- 8.17%
FDND
- 1D
- 2.22%
- 1M
- 2.80%
- 6M
- 3.79%
- YTD
- 0.56%
- 1Y
- 1.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $331.77K | $264.08K | $439.06K | |
| $52.86K | $42.66K | $64.39K |
DNOV vs. FDND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DNOV FT Vest U.S. Equity Deep Buffer ETF - November | 5.93% | 13.93% | 6.49% |
FDND FT Vest Dow Jones Internet & Target Income ETF | 0.56% | 9.69% | 15.85% |
Correlation
The correlation between DNOV and FDND is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.68 |
The correlation between DNOV and FDND has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
DNOV vs. FDND — Risk / Return Rank
DNOV
FDND
DNOV vs. FDND - 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 Dow Jones Internet & Target Income ETF (FDND). 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.
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.
| DNOV | FDND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.00 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.08 | +3.48 |
| Martin ratioReturn relative to average drawdown | 18.03 | -0.18 | +18.21 |
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Drawdowns
DNOV vs. FDND - Drawdown Comparison
The maximum DNOV drawdown since its inception was -15.03%, smaller than the maximum FDND drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for DNOV and FDND.
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Drawdown Indicators
| DNOV | FDND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -24.12% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -20.49% | +16.31% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.98% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.97% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -5.84% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 9.05% | -8.26% |
Volatility
DNOV vs. FDND - Volatility Comparison
The current volatility for FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) is 1.35%, while FT Vest Dow Jones Internet & Target Income ETF (FDND) has a volatility of 5.55%. This indicates that DNOV experiences smaller price fluctuations and is considered to be less risky than FDND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNOV | FDND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 5.55% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 15.62% | -11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 19.58% | -13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 21.40% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 21.40% | -12.44% |
DNOV vs. FDND - Expense Ratio Comparison
DNOV has a 0.85% expense ratio, which is higher than FDND's 0.75% expense ratio.
Dividends
DNOV vs. FDND - Dividend Comparison
DNOV has not paid dividends to shareholders, while FDND's dividend yield for the trailing twelve months is around 8.09%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DNOV FT Vest U.S. Equity Deep Buffer ETF - November | 0.00% | 0.00% | 0.00% |
FDND FT Vest Dow Jones Internet & Target Income ETF | 8.09% | 8.11% | 5.51% |
Frequently Asked Questions
DNOV and FDND have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDND has higher volatility (5.55%) compared to DNOV (1.35%). In terms of maximum drawdown, DNOV dropped -15.03% vs FDND's -24.12%.
On 1-year performance, DNOV leads with 15.16% vs 1.61% for FDND. On fees, FDND is cheaper at 0.75% per year. On volatility, DNOV has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DNOV has performed better with a 15.16% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDND is cheaper with a 0.75% expense ratio, compared with 0.85% for DNOV.
FDND has the higher dividend yield at 8.09%, compared with 0.00% for DNOV.
DNOV is categorized as Defined Outcome, while FDND is Technology Equities. Their fees differ too: 0.85% for DNOV and 0.75% for FDND.
DNOV currently has the higher Sharpe Ratio (2.49 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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