DNOV vs. PNOV
Compare and contrast key facts about FT Cboe Vest U.S. Equity Deep Buffer ETF - November (DNOV) and Innovator U.S. Equity Power Buffer ETF - November (PNOV).
DNOV and PNOV 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 First Trust that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect November Series Index. It was launched on Nov 15, 2019. PNOV is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect November Series Index. It was launched on Nov 1, 2019. Both DNOV and PNOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DNOV or PNOV.
Correlation
The correlation between DNOV and PNOV is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DNOV vs. PNOV - Performance Comparison
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Key characteristics
DNOV:
0.62
PNOV:
0.64
DNOV:
0.98
PNOV:
1.01
DNOV:
1.17
PNOV:
1.20
DNOV:
0.60
PNOV:
0.61
DNOV:
2.42
PNOV:
2.79
DNOV:
2.47%
PNOV:
2.26%
DNOV:
9.10%
PNOV:
9.62%
DNOV:
-15.03%
PNOV:
-18.51%
DNOV:
-2.39%
PNOV:
-1.70%
Returns By Period
In the year-to-date period, DNOV achieves a 0.14% return, which is significantly lower than PNOV's 0.57% return.
DNOV
0.14%
4.80%
0.59%
5.58%
7.88%
N/A
PNOV
0.57%
5.08%
0.26%
6.10%
9.03%
N/A
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DNOV vs. PNOV - Expense Ratio Comparison
DNOV has a 0.85% expense ratio, which is higher than PNOV's 0.79% expense ratio.
Risk-Adjusted Performance
DNOV vs. PNOV — Risk-Adjusted Performance Rank
DNOV
PNOV
DNOV vs. PNOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - November (DNOV) and Innovator U.S. Equity Power Buffer ETF - November (PNOV). 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.
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Dividends
DNOV vs. PNOV - Dividend Comparison
Neither DNOV nor PNOV has paid dividends to shareholders.
Drawdowns
DNOV vs. PNOV - Drawdown Comparison
The maximum DNOV drawdown since its inception was -15.03%, smaller than the maximum PNOV drawdown of -18.51%. Use the drawdown chart below to compare losses from any high point for DNOV and PNOV. For additional features, visit the drawdowns tool.
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Volatility
DNOV vs. PNOV - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - November (DNOV) is 3.09%, while Innovator U.S. Equity Power Buffer ETF - November (PNOV) has a volatility of 3.45%. This indicates that DNOV experiences smaller price fluctuations and is considered to be less risky than PNOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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