FNOV vs. BUFR
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - November (FNOV) and FT Cboe Vest Fund of Buffer ETFs (BUFR).
FNOV and BUFR 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. BUFR is an actively managed fund by First Trust. It was launched on Aug 10, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNOV or BUFR.
Correlation
The correlation between FNOV and BUFR is 0.91, 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. BUFR - Performance Comparison
Key characteristics
FNOV:
2.03
BUFR:
2.28
FNOV:
2.78
BUFR:
3.15
FNOV:
1.44
BUFR:
1.47
FNOV:
3.51
BUFR:
3.41
FNOV:
16.32
BUFR:
18.68
FNOV:
0.74%
BUFR:
0.75%
FNOV:
5.98%
BUFR:
6.14%
FNOV:
-24.41%
BUFR:
-13.73%
FNOV:
-0.57%
BUFR:
-0.48%
Returns By Period
In the year-to-date period, FNOV achieves a 1.97% return, which is significantly higher than BUFR's 1.71% return.
FNOV
1.97%
1.46%
6.32%
11.69%
8.85%
N/A
BUFR
1.71%
1.37%
7.83%
13.56%
N/A
N/A
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FNOV vs. BUFR - Expense Ratio Comparison
FNOV has a 0.85% expense ratio, which is lower than BUFR's 1.05% expense ratio.
Risk-Adjusted Performance
FNOV vs. BUFR — Risk-Adjusted Performance Rank
FNOV
BUFR
FNOV vs. BUFR - 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 FT Cboe Vest Fund of Buffer ETFs (BUFR). 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. BUFR - Dividend Comparison
Neither FNOV nor BUFR has paid dividends to shareholders.
Drawdowns
FNOV vs. BUFR - Drawdown Comparison
The maximum FNOV drawdown since its inception was -24.41%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for FNOV and BUFR. For additional features, visit the drawdowns tool.
Volatility
FNOV vs. BUFR - Volatility Comparison
FT Cboe Vest U.S. Equity Buffer ETF - November (FNOV) has a higher volatility of 2.59% compared to FT Cboe Vest Fund of Buffer ETFs (BUFR) at 1.95%. This indicates that FNOV's price experiences larger fluctuations and is considered to be riskier than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.