YJUN vs. DNOV

Last updated Jun 26, 2026

YJUN (FT Vest International Equity Moderate Buffer ETF – June) and DNOV (FT Vest U.S. Equity Deep Buffer ETF - November) are both Defined Outcome funds from FT Vest - YJUN tracks the MSCI EAFE Index while DNOV tracks the S&P 500. Both are passively managed. Over the past 5 years, YJUN returned 5.70%/yr vs 7.96%/yr for DNOV. A 0.66 correlation means they provide meaningful diversification when combined. YJUN charges 0.90%/yr vs 0.85%/yr for DNOV.

Performance

YJUN vs. DNOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest International Equity Moderate Buffer ETF – June (YJUN) and FT Vest U.S. Equity Deep Buffer ETF - November (DNOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with YJUN at 4.34% and DNOV at 4.34%.

YJUN

• 1D: 0.45%
• 1M: -0.09%
• YTD: 4.34%
• 6M: 4.25%
• 1Y: 10.47%
• 3Y*: 9.93%
• 5Y*: 5.70%
• 10Y*: —

DNOV

• 1D: 0.03%
• 1M: -0.17%
• YTD: 4.34%
• 6M: 3.97%
• 1Y: 15.35%
• 3Y*: 12.59%
• 5Y*: 7.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YJUN vs. DNOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
YJUN FT Vest International Equity Moderate Buffer ETF – June	4.34%	18.77%	1.65%	14.81%	-8.13%	-0.06%
DNOV FT Vest U.S. Equity Deep Buffer ETF - November	4.34%	13.93%	10.71%	18.52%	-7.50%	2.36%

Correlation

The correlation between YJUN and DNOV is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 21, 2021	0.66

The correlation between YJUN and DNOV has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

YJUN vs. DNOV - Sectors Allocation Comparison

Sectors	YJUN	DNOV
Financial Services	24.3%	11.1%
Industrials	19.5%	7.8%
Technology	11.5%	39.0%
Healthcare	10.4%	8.3%
Consumer Cyclical	7.8%	9.9%
Consumer Defensive	6.6%	4.5%
Basic Materials	6.1%	1.7%
Communication Services	4.8%	10.6%
Energy	3.7%	3.1%
Utilities	3.7%	2.1%
Real Estate	1.8%	1.8%

Return for Risk

YJUN vs. DNOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YJUN

YJUN Risk / Return Rank: 60
YJUN Sharpe Ratio Rank: 57
YJUN Sortino Ratio Rank: 60
YJUN Omega Ratio Rank: 60
YJUN Calmar Ratio Rank: 58
YJUN Martin Ratio Rank: 65

DNOV

DNOV Risk / Return Rank: 90
DNOV Sharpe Ratio Rank: 91
DNOV Sortino Ratio Rank: 93
DNOV Omega Ratio Rank: 93
DNOV Calmar Ratio Rank: 80
DNOV Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YJUN vs. DNOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest International Equity Moderate Buffer ETF – June (YJUN) and FT 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.

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.

	YJUN	DNOV	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.72	-1.03
Sortino ratio: Return per unit of downside risk	2.51	4.10	-1.60
Omega ratio: Gain probability vs. loss probability	1.32	1.56	-0.24
Calmar ratio: Return relative to maximum drawdown	2.53	3.69	-1.16
Martin ratio: Return relative to average drawdown	10.40	19.58	-9.18

YJUN vs. DNOV - Sharpe Ratio Comparison

The current YJUN Sharpe Ratio is 1.70, which is lower than the DNOV Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of YJUN and DNOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YJUN vs. DNOV - Drawdown Comparison

The maximum YJUN drawdown since its inception was -21.53%, which is greater than DNOV's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for YJUN and DNOV.

Drawdown Indicators

	YJUN	DNOV	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-15.03%	-6.50%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-4.18%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-8.75%	-9.98%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-21.53%	-9.98%	-11.55%
Current Drawdown Current decline from peak	-0.91%	-0.70%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.75%	-2.00%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.79%	+0.22%

Volatility

YJUN vs. DNOV - Volatility Comparison

The current volatility for FT Vest International Equity Moderate Buffer ETF – June (YJUN) is 1.37%, while FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) has a volatility of 1.48%. This indicates that YJUN 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.

Volatility by Period

	YJUN	DNOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	1.48%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	4.68%	4.31%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	6.19%	5.66%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.00%	7.63%	+3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.98%	9.01%	+1.97%

YJUN vs. DNOV - Expense Ratio Comparison

YJUN has a 0.90% expense ratio, which is higher than DNOV's 0.85% expense ratio.

Dividends

YJUN vs. DNOV - Dividend Comparison

Neither YJUN nor DNOV has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both YJUN and DNOV in my portfolio?

YJUN and DNOV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YJUN or DNOV?

DNOV has higher volatility (1.48%) compared to YJUN (1.37%). In terms of maximum drawdown, YJUN dropped -21.53% vs DNOV's -15.03%.

Which ETF is better, YJUN or DNOV?

On 5-year performance, DNOV leads with 7.96% vs 5.70% for YJUN. On fees, DNOV is cheaper at 0.85% per year. On volatility, YJUN has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YJUN or DNOV?

Over the 5-year period, DNOV has performed better with a 7.96% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YJUN or DNOV?

DNOV is cheaper with a 0.85% expense ratio, compared with 0.90% for YJUN.

Which ETF pays a higher dividend yield, YJUN or DNOV?

YJUN and DNOV have nearly identical dividend yields, around 0.00%.

What is the main difference between YJUN and DNOV?

YJUN tracks MSCI EAFE Index, while DNOV tracks S&P 500. Their fees differ too: 0.90% for YJUN and 0.85% for DNOV.

Which has better risk-adjusted returns?

DNOV currently has the higher Sharpe Ratio (2.72 vs 1.70), 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.