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CAUG vs GNOV

Corgi U.S. Equities 15% Structured Buffer ETF - August Series

CAUGCCboe

FT Vest U.S. Equity Moderate Buffer ETF - November

GNOVCCboe

Overlap

Expense ratio

CAUG −0.55pt a year

CAUG0.30%GNOV0.85%

Avg volume · 30D

GNOV 13.7×the volume

CAUG582GNOV7.97K

CAUG vs GNOV Performance

Aug 7, 2026 – Nov 9, 2026

−0.5%CAUG+1.6%GNOV

Aug 7, 2026 to Nov 9, 2026. CAUG −0.5%. GNOV +1.6%. Use the arrow keys to read each point.−2%−1%0%1%Aug 2026Sep 2026Nov 2026
Expense ratio
CAUG 0.30%, better
GNOV 0.85%
Fund size
CAUG $1M
GNOV $293M
1Y total return
CAUG No data
GNOV +12.3%
Holdings
CAUG 4
GNOV 3
Avg volume (30D)
CAUG 582 sh
GNOV 7.97K sh, better
NAV per share
CAUG $24.81
GNOV $42.56
52W range

ETF.net Grade

CAUG: Cost 83, Risk 31, Mission not scored, Tradability 9, Holdings not scored, Durability 2. GNOV: Cost 13, Risk 64, Mission not scored, Tradability 74, Holdings 55, Durability 72.
Pillar letters and Scores for CAUG, GNOV, with each pillar’s weight
PillarCAUGGNOV
Cost30% weightA83HigherF13
Mission25% weightNot scoredNot scored
Risk15% weightD31B64Higher
Tradability15% weightF9A74Higher
Holdings10% weightNot scoredB55
Durability5% weightF2A72Higher

Rank among S&P 500 Buffer 15% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CAUG and GNOV are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds
See all 51 ›

GNOV ranks 20th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 20CGMARFT Vest U.S. Equity Moderate Buffer ETF - MarchScore 44
  2. Rank 20CGNOVFT Vest U.S. Equity Moderate Buffer ETF - NovemberScore 44
  3. Rank 24CGFEBFT Vest U.S. Equity Moderate Buffer ETF - FebruaryScore 43
  4. Rank 31CJULUAllianzIM U.S. Equity Buffer15 Uncapped Jul ETFScore 41
  5. Rank 33CCAUGCorgi U.S. Equities 15% Structured Buffer ETF - August SeriesScore 40
  6. Rank 33CCJULCorgi U.S. Equities 15% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

CAUGCCorgi U.S. Equities 15% Structured Buffer ETF - August Series

GNOVCFT Vest U.S. Equity Moderate Buffer ETF - November

In short

CAUG No data

GNOV First 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.

Stated mandate

CAUG No data

GNOV 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

CAUG No data

  • GNOV 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

CAUG No data

  • GNOV 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.

Full CAUG profile⁠

Full GNOV profile⁠

CAUG vs GNOV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CAUG vs GNOV Cost

Overpaying GNOV vs CAUG

$10,050

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

  • CAUG 0.30%

    $6,149

  • GNOV 0.85%

    $16,199

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • GNOV 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GNOV $16,199CAUG $6,149

Year by year

YearCAUGGNOVOverpaying
10$545$1,508$963
20$2,113$5,706$3,593
30$6,149$16,199$10,050

Expense ratio

  • 0.30%CAUG, cheaper
  • 0.85%GNOV
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

GNOV 37th cheapest of 51 funds

CAUG vs GNOV Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
CAUG None
GNOV None

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

GNOVAll GNOV payments⁠

No distribution history available.

CAUG vs GNOV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataGNOV 5.2%since Dec 2023
Return per unit of riskSharpe ratio, 3 years
CAUG No dataGNOV 1.35since Dec 2023
Worst fallMax drawdown, 5 years
CAUG No dataGNOV −10.7%since Nov 2023
Market sensitivityBeta, 5 years
CAUG 0.00GNOV 0.38

CAUG and GNOV in the news

All news⁠

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