GNOV vs. LITL
GNOV (FT Cboe Vest U.S. Equity Moderate Buffer ETF - November) and LITL (Simplify Piper Sandler US Small-Cap PLUS Income ETF) are both exchange-traded funds - GNOV is a Options Trading fund actively managed by FT Vest, while LITL is a Small Cap Blend Equities fund actively managed by Simplify. Both are actively managed. Over the past year, GNOV returned 15.15% vs 33.27% for LITL. Their 0.72 correlation means they have sometimes moved together and sometimes differently. GNOV charges 0.85%/yr vs 0.91%/yr for LITL.
Performance
GNOV vs. LITL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GNOV achieves a 6.84% return, which is significantly lower than LITL's 19.15% return.
GNOV
- 1D
- 0.11%
- 1M
- 1.19%
- 6M
- 6.53%
- YTD
- 6.84%
- 1Y
- 15.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.67%
LITL
- 1D
- -1.15%
- 1M
- 0.67%
- 6M
- 16.60%
- YTD
- 19.15%
- 1Y
- 33.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $251.82K | $210.13K | $431.35K | |
| $106.79K | $72.97K | $61.45K |
GNOV vs. LITL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GNOV FT Cboe Vest U.S. Equity Moderate Buffer ETF - November | 6.84% | 16.52% |
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF | 19.15% | 18.93% |
Correlation
The correlation between GNOV and LITL is 0.69, 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. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.72 |
The correlation between GNOV and LITL has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GNOV vs. LITL — Risk / Return Rank
GNOV
LITL
GNOV vs. LITL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) and Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL). 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.
| GNOV | LITL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.32 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 3.59 | -0.25 |
| Martin ratioReturn relative to average drawdown | 18.44 | 11.21 | +7.23 |
Loading charts...
Drawdowns
GNOV vs. LITL - Drawdown Comparison
The maximum GNOV drawdown since its inception was -10.70%, which is greater than LITL's maximum drawdown of -9.32%. Use the drawdown chart below to compare losses from any high point for GNOV and LITL.
Loading charts...
Drawdown Indicators
| GNOV | LITL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -9.32% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -9.32% | +4.76% |
Current DrawdownCurrent decline from peak | 0.00% | -1.15% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.22% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.97% | -2.15% |
Volatility
GNOV vs. LITL - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) is 1.33%, while Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) has a volatility of 4.94%. This indicates that GNOV experiences smaller price fluctuations and is considered to be less risky than LITL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GNOV | LITL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 4.94% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 12.50% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 18.18% | -12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 18.49% | -11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 18.49% | -11.00% |
GNOV vs. LITL - Expense Ratio Comparison
GNOV has a 0.85% expense ratio, which is lower than LITL's 0.91% expense ratio.
Dividends
GNOV vs. LITL - Dividend Comparison
GNOV has not paid dividends to shareholders, while LITL's dividend yield for the trailing twelve months is around 1.61%.
| Position | TTM | 2025 |
|---|---|---|
GNOV FT Cboe Vest U.S. Equity Moderate Buffer ETF - November | 0.00% | 0.00% |
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF | 1.61% | 0.71% |
Frequently Asked Questions
GNOV and LITL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITL has higher volatility (4.94%) compared to GNOV (1.33%). In terms of maximum drawdown, GNOV dropped -10.70% vs LITL's -9.32%.
On 1-year performance, LITL leads with 33.27% vs 15.15% for GNOV. On fees, GNOV is cheaper at 0.85% per year. On volatility, GNOV has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LITL has performed better with a 33.27% return vs 15.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GNOV is cheaper with a 0.85% expense ratio, compared with 0.91% for LITL.
LITL has the higher dividend yield at 1.61%, compared with 0.00% for GNOV.
GNOV is categorized as Options Trading, while LITL is Small Cap Blend Equities. They also come from different issuers: FT Vest and Simplify. Their fees differ too: 0.85% for GNOV and 0.91% for LITL.
GNOV currently has the higher Sharpe Ratio (2.64 vs 1.84), 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.
Find the right allocation for GNOV and LITL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer