BNOV vs UNOV
Innovator US Equity Buffer ETF - November vs Innovator US Equity Ultra Buffer ETF - November
Which is better, BNOV or UNOV?
BNOV has been ahead.
BNOV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BNOV | UNOV |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $201M | $107M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +11.13%Best | +9.21% |
| 1Y Return | +13.58%Best | +10.85% |
| 3Y Return (annualized) | +13.95%Best | +10.39% |
| 5Y Return (annualized) | +8.95%Best | +7.31% |
| Volatility (annualized) | 11.5% | 6.4%Best |
| Max Drawdown | -24.7% | -13.8%Best |
| $10,000 over 5 years | $15,351Best | $14,230 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 1, 2019 | Nov 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 1, 2019 to Oct 14, 2026 (7 years).
BNOV vs UNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
BNOV vs UNOV Performance
Innovator US Equity Buffer ETF - November (BNOV) is an ETF from Innovator ETFs Trust and Innovator US Equity Ultra Buffer ETF - November (UNOV) is an ETF from Innovator ETFs Trust. Over the past year BNOV returned +13.58% while UNOV returned +10.85%. Year to date, BNOV is up 11.13% versus a gain of 9.21% for UNOV.
Over three years, BNOV compounded at +13.95% per year against +10.39% for UNOV; over five years the annualized figures are +8.95% and +7.31% respectively. Across the full 7-year window we track, BNOV has the edge at +9.86% annualized vs +7.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNOV has been the more volatile fund, with annualized monthly volatility of 11.5% compared with 6.4% for UNOV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.7% for BNOV and -13.8% for UNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BNOV charges 0.79% per year while UNOV charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BNOV currently yields 0.00% against 0.00% for UNOV.
You are not choosing between two funds in isolation.
Whichever of BNOV and UNOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BNOV or UNOV?
BNOV has an expense ratio of 0.79% while UNOV charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BNOV or UNOV?
Over the past year BNOV returned +13.58% vs +10.85% for UNOV, so BNOV leads on 1-year performance. Over the longest common window we track (7 years), BNOV annualized +9.86% vs +7.22% for UNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNOV or UNOV?
BNOV has been the more volatile fund at 11.5% annualized versus 6.4% for UNOV. Worst drawdown: BNOV -24.7% vs UNOV -13.8%.
Should I hold both BNOV and UNOV?
BNOV and UNOV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BNOV or UNOV?
BNOV yields 0.00% while UNOV yields 0.00%, so UNOV currently pays the higher dividend yield.
Is UNOV better than BNOV?
BNOV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.