PNOV vs. BUFR
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - November (PNOV) and FT Cboe Vest Fund of Buffer ETFs (BUFR).
PNOV and BUFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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: PNOV or BUFR.
Correlation
The correlation between PNOV and BUFR 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
PNOV vs. BUFR - Performance Comparison
Key characteristics
PNOV:
2.61
BUFR:
2.37
PNOV:
3.72
BUFR:
3.29
PNOV:
1.68
BUFR:
1.49
PNOV:
5.69
BUFR:
3.54
PNOV:
27.18
BUFR:
19.40
PNOV:
0.38%
BUFR:
0.75%
PNOV:
4.01%
BUFR:
6.13%
PNOV:
-18.51%
BUFR:
-13.73%
PNOV:
0.00%
BUFR:
0.00%
Returns By Period
In the year-to-date period, PNOV achieves a 2.18% return, which is significantly lower than BUFR's 2.63% return.
PNOV
2.18%
1.20%
5.62%
10.38%
7.78%
N/A
BUFR
2.63%
1.46%
6.40%
14.50%
N/A
N/A
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PNOV vs. BUFR - Expense Ratio Comparison
PNOV has a 0.79% expense ratio, which is lower than BUFR's 1.05% expense ratio.
Risk-Adjusted Performance
PNOV vs. BUFR — Risk-Adjusted Performance Rank
PNOV
BUFR
PNOV vs. BUFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - November (PNOV) 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
PNOV vs. BUFR - Dividend Comparison
Neither PNOV nor BUFR has paid dividends to shareholders.
Drawdowns
PNOV vs. BUFR - Drawdown Comparison
The maximum PNOV drawdown since its inception was -18.51%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for PNOV and BUFR. For additional features, visit the drawdowns tool.
Volatility
PNOV vs. BUFR - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - November (PNOV) is 1.35%, while FT Cboe Vest Fund of Buffer ETFs (BUFR) has a volatility of 1.51%. This indicates that PNOV experiences smaller price fluctuations and is considered to be less risky than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.