FNOV vs. BALT
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - November (FNOV) and Innovator Defined Wealth Shield ETF (BALT).
FNOV and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNOV is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Buffer Protect Index November. It was launched on Nov 15, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNOV or BALT.
Correlation
The correlation between FNOV and BALT is 0.75, 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
FNOV vs. BALT - Performance Comparison
Key characteristics
FNOV:
2.23
BALT:
3.33
FNOV:
3.08
BALT:
4.86
FNOV:
1.49
BALT:
1.75
FNOV:
3.86
BALT:
5.56
FNOV:
17.96
BALT:
29.06
FNOV:
0.74%
BALT:
0.35%
FNOV:
5.95%
BALT:
3.09%
FNOV:
-24.41%
BALT:
-2.16%
FNOV:
0.00%
BALT:
0.00%
Returns By Period
In the year-to-date period, FNOV achieves a 2.91% return, which is significantly higher than BALT's 1.35% return.
FNOV
2.91%
1.55%
5.62%
12.61%
8.89%
N/A
BALT
1.35%
0.71%
5.06%
9.89%
N/A
N/A
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FNOV vs. BALT - Expense Ratio Comparison
FNOV has a 0.85% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
FNOV vs. BALT — Risk-Adjusted Performance Rank
FNOV
BALT
FNOV vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - November (FNOV) and Innovator Defined Wealth Shield ETF (BALT). 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.
Dividends
FNOV vs. BALT - Dividend Comparison
Neither FNOV nor BALT has paid dividends to shareholders.
Drawdowns
FNOV vs. BALT - Drawdown Comparison
The maximum FNOV drawdown since its inception was -24.41%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for FNOV and BALT. For additional features, visit the drawdowns tool.
Volatility
FNOV vs. BALT - Volatility Comparison
FT Cboe Vest U.S. Equity Buffer ETF - November (FNOV) has a higher volatility of 1.97% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.57%. This indicates that FNOV's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.