Skip to content
etf.net

Launched

FT Vest U.S. Small Cap Moderate Buffer ETF - November

SNOVCboeFirst TrustD

$27.73−0.12 (−0.43%)

As of Nov 10, 2026, 11:15 AM ET

D36/ 100

Rank 20 of 21 in Russell 2000 Buffer 15%

D36/100Rank 20 of 21inRussell 2000 Buffer 15%
Intraday session: down, 21 prints from 27.86 to 27.73. Range 27.69 to 27.82. Use the arrow keys to read each point.27.7027.7727.8027.8210 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$112M
1Y total return
+13.2%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
8.26K sh
52W range
low $23.39high $27.89
Launched

The ETF.net SNOV Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Russell 2000 Buffer 15%⁠
Rank
20 of 21
Six-pillar profile for SNOV. Scores out of 100: Cost 8, Risk 43, Mission not scored, Tradability 73, Holdings 49, Durability 83. Strongest: Durability (83). Weakest: Cost (8). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D 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.
    F8 out of 100
    Rank 19 of 21

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 12 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 4 of 21

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C49 out of 100
    Rank 6 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A83 out of 100
    Rank 4 of 21

Our read on SNOV

ETF.net Research

In short

DA buffer built on small caps, not the S&P 500. It uses options on the Russell 2000 to absorb the first 15% of a year's losses, with upside capped at a level set each November when the period resets.

Stated mandate

The Fund seeks to match the price return of the iShares Russell 2000 ETF, subject to an upside cap, while buffering the first 15% of losses over its stated target outcome period.

Why people hold it

  • The contract is stated up front: options on the Russell 2000, the first 15% of price losses absorbed over roughly one year, upside capped. You know the shape going in.ftportfolios.com
  • The sleeve is exchange-listed, centrally cleared FLEX options on one plain small-cap index fund, not a bank-issued structured note.ftportfolios.combusinesswire.com
  • The November slot in First Trust's monthly small-cap buffer series, so a period reset is always coming; the same funds feed the firm's laddered version.businesswire.com

Worth knowing

  • At 0.90% it sits above the small-cap buffer norm. Innovator's Russell 2000 versions (KOCT, KJAN, KJUL) run 0.79%.
  • Buffer and cap are struck at the period's start and quoted before fees and expenses. Buy mid-period and the cushion and ceiling you actually get will differ.businesswire.com
  • Price return only, so Russell 2000 dividends don't pass through and this is not an income holding. It also trades lightly, which can widen spreads.ftportfolios.com

SNOV Performance

Launched Nov 17, 2023

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.
SNOV$11,319
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. SNOV $11,319. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for SNOV. Periods over one year show the average yearly return.
PeriodSNOV
Year to date+12.7%
1 month+1.6%
3 months+1.5%
1 year+13.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SNOV
YearReturn barSNOV
2026 YTD+12.7%
2025+7.0%
2024+9.2%
2023+5.6%

History from Nov 20, 2023

SNOV in the news

SNOV Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

SNOV Risk

Risk pillarC43 out of 100Rank 12 of 21 in Russell 2000 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
8.1%
Annualised · 35 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.85
vs 3-month T-bills · 35 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−15.3%
35 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.56
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SNOV Cost

Compare SNOV and SCAU

Overpaying vs SCAU, tied cheapest in Russell 2000 Buffer 15%

$10,891

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SNOV 0.90%

    $17,040

  • SCAU 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • SNOV 0.90%
  • SCAU 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SNOV $17,040SCAU $6,149

Year by year

YearSNOVSCAUOverpaying
10$1,593$545$1,048
20$6,015$2,113$3,902
30$17,040$6,149$10,891

Other funds in Russell 2000 Buffer 15%

See others