FT Vest U.S. Equity Moderate Buffer ETF - November
$43.160.00 (−0.03%)
- 0.85%
- $300M
- +14.2%
- 0M sh
- $43.14
- low $37.82high $43.36
The ETF.net GNOV Grade
C
Score 43 out of 100
- 30 of 61
Score 43 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.F13 out of 100Rank 47 of 61Mission
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.B55 out of 100Rank 19 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A73 out of 100Rank 6 of 59Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 16 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 21 of 61
Our read on GNOV
CFirst Trust's November rung in a 12-month buffer ladder: it follows SPY's price return (dividends excluded), absorbs the first 15% of a period's losses, and caps the upside in exchange.
The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a predetermined upside cap and protection against the first 15% of losses during the stated outcome period.
Why people hold it
- The cushion is written into the fund's terms: the first 15% of SPY's price decline over the outcome period is absorbed before losses reach you.
- The outcome period runs November to November and resets annually, so it slots in as one rung of First Trust's monthly moderate-buffer ladder (GJAN, GAPR, GJUL and the rest).
- Reference asset is SPY itself, plain vanilla US large caps, not a bespoke options index. And it comes in a registered 1940 Act fund, not a bank-issued note.
Worth knowing
- At 0.85%, the fee sits above the 0.79% median for its buffer peer group and far above laddered options like BUFF at 0.10%.
- Buffer and cap are engineered for the full November-to-November stretch. Buy mid-period and you get whatever cushion and headroom are left, not the stated terms.
- It trades lightly next to the biggest buffer ETFs, which can mean wider spreads; limit orders are the standard approach.
GNOV Holdings
- Other
- 3
- 106%
- 2026-11-20 State Street® SPDR® S&P 500® ETF Trust C 6.61
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%
GNOV 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.Not enough history yet.Not enough history yet.
GNOV$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 | GNOV |
|---|---|
| Year to date | +8.7% |
| 1 month | +1.1% |
| 3 months | +2.7% |
| 1 year | +14.2% |
| 3 years | — |
| 5 years | — |
| 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 | GNOV |
|---|---|---|
| 2026 YTD | +8.7% | |
| 2025 | +13.6% | |
| 2024 | +10.3% | |
| 2023 | +2.9% |
GNOV in the news
GNOV Dividends
No distributions in the last 12 months.
GNOV Risk
- 5.3%
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.
- 1.36
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.
- −10.7%
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.
- 0.38
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GNOV Cost
0.85%
GNOV0.85%
- The middle half of S&P 500 Buffer 15% funds
- Median 0.79%
36 of the 51 S&P 500 Buffer 15% funds charge less.
Other funds in S&P 500 Buffer 15%
- CGMARFT Vest U.S. Equity Moderate Buffer ETF - MarchExpense ratio 0.85%1 year return +14.0%
- CGAPRFT Vest U.S. Equity Moderate Buffer ETF - AprilExpense ratio 0.85%1 year return +9.8%
- CGDECFT Vest U.S. Equity Moderate Buffer ETF - DecemberExpense ratio 0.85%1 year return +12.8%
- CGJULFT Vest U.S. Equity Moderate Buffer ETF - JulyExpense ratio 0.85%1 year return +12.0%
- CGMAYFT Vest U.S. Equity Moderate Buffer ETF - MayExpense ratio 0.85%1 year return +10.4%