FT Vest U.S. Equity Deep Buffer ETF - November
$53.040.00 (−0.01%)
- 0.85%
- $400M
- +14.2%
- 0M sh
- $53.01
- low $46.58high $53.10
The ETF.net DNOV Grade
C
Score 49 out of 100
- 9 of 19
Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D31 out of 100Rank 8 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 4 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 8 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 9 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 1 of 19
Our read on DNOV
CA deep-buffer take on the S&P 500: you absorb the first 5% of a drop, the fund's design targets the next 25 points of losses, and your upside is capped for the year. The terms reset every November.
The Fund seeks returns matching the price return of the State Street® SPDR® S&P 500® ETF Trust up to a 12.93% upside cap, while buffering Underlying ETF losses between -5% and -30% during the November 24, 2025–November 20, 2026 outcome period.
Why people hold it
- Deep buffer, not the entry-level kind: the design targets absorbing reference-fund losses from -5% down to -30% over each one-year outcome period, a 25-point band of cushion.ftportfolios.com
- One of twelve monthly siblings (DFEB, DMAR, DJUN and the rest), so entry dates can be laddered across the calendar instead of hinging on a single November start.
- Live since 2019 and through multiple full outcome periods, with a 0.85% fee that sits right at the median for deep-buffer funds.
- A multi-hundred-million-dollar fund from First Trust, one of the more established names running defined-outcome strategies.
Worth knowing
- The cap is the price of the cushion, and it resets each November. Buy mid-period and your actual cap and remaining buffer differ from the headline terms.ftportfolios.com
- It references the SPDR S&P 500 ETF Trust's price return, so index dividends are outside the payoff, and the fund itself has not been making regular distributions.
- The first 5% of losses and anything past -30% land on you. Shares trade lightly, so spreads matter, and cheaper deep-buffer options exist (PSCX, PSCW at 0.49%).
DNOV Holdings
- Other
- 3
- 106%
- 2026-11-20 State Street® SPDR® S&P 500® ETF Trust C 6.58
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
DNOV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
DNOV$11,416
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DNOV |
|---|---|
| Year to date | +8.6% |
| 1 month | +1.1% |
| 3 months | +2.8% |
| 1 year | +14.2% |
| 3 years | +13.8% |
| 5 years | +8.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DNOV |
|---|---|---|
| 2026 YTD | +8.6% | |
| 2025 | +13.9% | |
| 2024 | +10.7% | |
| 2023 | +18.5% | |
| 2022 | −7.5% | |
| 2021 | +6.0% | |
| 2020 | +7.5% |
DNOV in the news
DNOV Dividends
No distributions in the last 12 months.
DNOV Risk
- 7.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.26
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −10.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DNOV Cost
0.85%
DNOV0.85%
- The middle half of S&P 500 Deep Buffer 25-30% funds
- Median 0.85%
7 of the 19 S&P 500 Deep Buffer 25-30% funds charge less.
Other funds in S&P 500 Deep Buffer 25-30%
- CDJANFT Vest U.S. Equity Deep Buffer ETF - JanuaryExpense ratio 0.85%1 year return +12.5%
- CDMARFT Vest U.S. Equity Deep Buffer ETF - MarchExpense ratio 0.85%1 year return +13.3%
- CDJUNFT Vest U.S. Equity Deep Buffer ETF - JuneExpense ratio 0.85%1 year return +9.8%
- CDSEPFT Vest U.S. Equity Deep Buffer ETF - SeptemberExpense ratio 0.85%1 year return +12.9%
- CDMAYFT Vest U.S. Equity Deep Buffer ETF - MayExpense ratio 0.85%1 year return +10.1%