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XJAN vs XNOV

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January

XJANCCboe

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

XNOVCCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

XJAN0.85%XNOV0.85%

Avg volume · 30D

XJAN 1.3×the volume

XJAN12.7KXNOV10.1K

XJAN vs XNOV Performance

Oct 31, 2025 – Oct 30, 2026

+8.5%XJAN+10.2%XNOV

Oct 31, 2025 to Oct 30, 2026. XJAN +8.5%. XNOV +10.2%. Use the arrow keys to read each point.−2.5%0%2.5%5%Oct 2025Apr 2026Oct 2026
Expense ratio
XJAN 0.85%
XNOV 0.85%
Fund size
XJAN $72M
XNOV $25M
1Y total return
XJAN +8.5%
XNOV +10.2%, better
Holdings
XJAN 4
XNOV 4
Avg volume (30D)
XJAN 12.7K sh, better
XNOV 10.1K sh
NAV per share
XJAN $39.37
XNOV $40.66
52W range

ETF.net Grade

XJAN: Cost 40, Risk 44, Mission not scored, Tradability 83, Holdings not scored, Durability 41. XNOV: Cost 40, Risk 53, Mission not scored, Tradability 73, Holdings 66, Durability 38.
Pillar letters and Scores for XJAN, XNOV, with each pillar’s weight
PillarXJANXNOV
Cost30% weightC40C40
Mission25% weightNot scoredNot scored
Risk15% weightC44C53Higher
Tradability15% weightA83HigherA73
Holdings10% weightNot scoredB66
Durability5% weightC41HigherD38

Rank among S&P 500 Accelerated, 15% Buffer funds

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

Same Category. XJAN and XNOV are both graded against the same 7 S&P 500 Accelerated, 15% Buffer funds, so their Grades compare head to head.

S&P 500 Accelerated, 15% Buffer⁠

Category · 7 funds
See all 7 ›

XNOV ranks 2nd and XJAN 4th of 7 funds in the S&P 500 Accelerated, 15% Buffer Category.

  1. Rank 1BXMARFT Vest U.S. Equity Enhance & Moderate Buffer ETF - MarchScore 54
  2. Rank 2CXNOVFT Vest U.S. Equity Enhance & Moderate Buffer ETF - NovemberScore 52
  3. Rank 3CXSEPFT Vest U.S. Equity Enhance & Moderate Buffer ETF - SeptemberScore 51
  4. Rank 4CXJANFT Vest U.S. Equity Enhance & Moderate Buffer ETF - JanuaryScore 50
  5. Rank 4BXJUNFT Vest U.S. Equity Enhance & Moderate Buffer ETF - JuneScore 50

Our read on each fund

ETF.net Research

XJANCFT Vest U.S. Equity Enhance & Moderate Buffer ETF - January

XNOVCFT Vest U.S. Equity Enhance & Moderate Buffer ETF - November

In short

XJAN No data

XNOV Most upside-boosted funds pay for the boost by dropping downside cover. XNOV runs both at once: roughly twice the price gain of the big S&P 500 ETF up to a cap, plus a 15% buffer, on a November-to-November clock that resets each year.

Stated mandate

XJAN No data

XNOV The Fund seeks approximately twice the positive price return of the State Street® SPDR® S&P 500® ETF Trust, subject to an 11.06% upside cap, while protecting against the first 15% of losses during its November 2025–November 2026 outcome period.

Why people hold it

XJAN No data

  • XNOV Two-sided design: it aims for about twice the reference S&P 500 ETF's price gain up to a cap while absorbing the first 15% of losses across the outcome period.
  • The payoff is written in FLEX options on the SPDR S&P 500 ETF Trust, so the terms are defined in the fund's documents up front, not left to a manager's judgment.ftportfolios.com
  • One of a monthly series running the same recipe on different calendars (XMAR, XJUN, XDEC), so the 2x-plus-15%-buffer structure isn't tied to a single start date.
  • Terms are mechanical and repeat: the doubled upside and 15% buffer carry into each new period, with a fresh cap struck every November since the 2023 launch.

Worth knowing

XJAN No data

  • XNOV The fee is 0.85%, above the 0.79% typical in its accelerated-buffer peer group. Structured payoffs cost more than plain index exposure.
  • It's thinly traded, so spreads and order handling matter more here than with mainstream S&P 500 funds.
  • Upside stops at the cap, income isn't part of the design, and the buffer math applies over the full period. Enter mid-period and your own cap and buffer differ from the stated terms.ftportfolios.com

Full XJAN profile⁠

Full XNOV profile⁠

XJAN vs XNOV 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.

XJAN vs XNOV Cost

Same expense ratio

$16,199

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

  • XJAN 0.85%

    $16,199

  • XNOV 0.85%

    $16,199

$10,000
30 years

Cost over time

  • XJAN 0.85%
  • XNOV 0.85%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XJAN $16,199XNOV $16,199

Year by year

YearXJANXNOV
10$1,508$1,508
20$5,706$5,706
30$16,199$16,199

Expense ratio

  • 0.85%XJAN
  • 0.85%XNOV
  • Middle half of S&P 500 Accelerated, 15% Buffer funds
  • Median 0.85%

XJAN 2nd cheapest of 7 funds

XNOV 2nd cheapest of 7 funds

XJAN vs XNOV Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
XJAN None
XNOV None

Distribution history

XJANAll XJAN payments⁠

No distribution history available.

XNOVAll XNOV payments⁠

No distribution history available.

XJAN vs XNOV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
XJAN 4.3%since Feb 2024XNOV 4.2%since Dec 2023
Return per unit of riskSharpe ratio, 3 years
XJAN 1.03since Feb 2024XNOV 1.23since Dec 2023
Worst fallMax drawdown, 5 years
XJAN −10.0%since Jan 2024XNOV −10.0%since Nov 2023Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
XJAN 0.34XNOV 0.32

Popular comparisons

  • XJANCvsXMARB

    FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XNOVCvsXMARB

    FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XJANCvsXSEPC

    FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XNOVCvsXSEPC

    FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XJANCvsXJUNB

    FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XNOVCvsXJUNB

    FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.