PNOV vs. DNOV
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - November (PNOV) and FT Cboe Vest U.S. Equity Deep Buffer ETF - November (DNOV).
PNOV and DNOV 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. DNOV is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect November Series Index. It was launched on Nov 15, 2019. Both PNOV and DNOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNOV or DNOV.
Correlation
The correlation between PNOV and DNOV is 0.83, 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. DNOV - Performance Comparison
Key characteristics
PNOV:
2.59
DNOV:
2.31
PNOV:
3.68
DNOV:
3.20
PNOV:
1.67
DNOV:
1.51
PNOV:
5.64
DNOV:
3.94
PNOV:
26.94
DNOV:
18.48
PNOV:
0.38%
DNOV:
0.59%
PNOV:
4.01%
DNOV:
4.72%
PNOV:
-18.51%
DNOV:
-15.03%
PNOV:
-0.15%
DNOV:
-0.16%
Returns By Period
In the year-to-date period, PNOV achieves a 2.15% return, which is significantly lower than DNOV's 2.43% return.
PNOV
2.15%
0.76%
5.59%
10.42%
7.86%
N/A
DNOV
2.43%
0.90%
4.88%
11.05%
6.96%
N/A
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PNOV vs. DNOV - Expense Ratio Comparison
PNOV has a 0.79% expense ratio, which is lower than DNOV's 0.85% expense ratio.
Risk-Adjusted Performance
PNOV vs. DNOV — Risk-Adjusted Performance Rank
PNOV
DNOV
PNOV vs. DNOV - 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 U.S. Equity Deep Buffer ETF - November (DNOV). 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. DNOV - Dividend Comparison
Neither PNOV nor DNOV has paid dividends to shareholders.
Drawdowns
PNOV vs. DNOV - Drawdown Comparison
The maximum PNOV drawdown since its inception was -18.51%, which is greater than DNOV's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for PNOV and DNOV. For additional features, visit the drawdowns tool.
Volatility
PNOV vs. DNOV - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - November (PNOV) is 1.27%, while FT Cboe Vest U.S. Equity Deep Buffer ETF - November (DNOV) has a volatility of 1.47%. This indicates that PNOV experiences smaller price fluctuations and is considered to be less risky than DNOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.