---
ticker: "NOVM"
name: "First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - November"
url: "https://etf.net/etf/NOVM"
grade: "D"
score: 36
graded_at: "2026-10-12"
category: "S&P 500 Max Buffer"
category_rank: "19 of 20"
methodology: "https://etf.net/methodology"
---

# NOVM: First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - November

Grade **D**, Score 36 of 100. Rank 19 of 20 in S&P 500 Max Buffer.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 21 | 12 of 20 |
| Mission | Not scored | — |
| Risk | 57 | 4 of 20 |
| Tradability | 35 | 13 of 20 |
| Holdings | Not scored | — |
| Durability | 67 | 8 of 20 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | 2026-11-20 State Street® SPDR® S&P 500® ETF Trust C 6.57 | 110.72% |
| 2 | — | US Dollar | 0.42% |
| 3 | — | 2026-11-20 State Street® SPDR® S&P 500® ETF Trust P 659.01 | 0.12% |

Source: etf.net, https://etf.net/etf/NOVM. Please cite the page URL.