DNOV vs. XDEC
Compare and contrast key facts about FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC).
DNOV and XDEC 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. XDEC is a passively managed fund by FT Vest that tracks the performance of the SPDR S&P 500 ETF Trust - Benchmark TR Gross. It was launched on Dec 17, 2021. Both DNOV and XDEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DNOV vs. XDEC - Performance Comparison
Loading graphics...
DNOV vs. XDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DNOV FT Vest U.S. Equity Deep Buffer ETF - November | -1.91% | 13.93% | 10.71% | 18.52% | -7.50% | 1.99% |
XDEC FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December | -1.49% | 9.71% | 9.61% | 14.37% | -3.38% | 1.88% |
Returns By Period
In the year-to-date period, DNOV achieves a -1.91% return, which is significantly lower than XDEC's -1.49% return.
DNOV
- 1D
- 1.46%
- 1M
- -2.36%
- YTD
- -1.91%
- 6M
- 2.32%
- 1Y
- 14.29%
- 3Y*
- 11.81%
- 5Y*
- 6.99%
- 10Y*
- —
XDEC
- 1D
- 1.60%
- 1M
- -2.03%
- YTD
- -1.49%
- 6M
- 0.53%
- 1Y
- 9.55%
- 3Y*
- 8.90%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DNOV vs. XDEC - Expense Ratio Comparison
Both DNOV and XDEC have an expense ratio of 0.85%.
Return for Risk
DNOV vs. XDEC — Risk / Return Rank
DNOV
XDEC
DNOV vs. XDEC - 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 Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC). 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.
| DNOV | XDEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.00 | +0.58 |
Sortino ratioReturn per unit of downside risk | 2.33 | 1.50 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.29 | +1.09 |
Martin ratioReturn relative to average drawdown | 12.43 | 7.71 | +4.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DNOV | XDEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.00 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.81 | -0.01 |
Correlation
The correlation between DNOV and XDEC is 0.86, 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.
Dividends
DNOV vs. XDEC - Dividend Comparison
Neither DNOV nor XDEC has paid dividends to shareholders.
Drawdowns
DNOV vs. XDEC - Drawdown Comparison
The maximum DNOV drawdown since its inception was -15.03%, which is greater than XDEC's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for DNOV and XDEC.
Loading graphics...
Drawdown Indicators
| DNOV | XDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -11.75% | -3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -7.62% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -9.98% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -2.37% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.71% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.28% | -0.11% |
Volatility
DNOV vs. XDEC - Volatility Comparison
The current volatility for FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) is 2.68%, while FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) has a volatility of 2.94%. This indicates that DNOV experiences smaller price fluctuations and is considered to be less risky than XDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DNOV | XDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.94% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 3.92% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 9.61% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 8.60% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 8.60% | +0.52% |