DDEC vs DNOV
FT Vest US Equity Deep Buffer ETF - December vs FT Vest US Equity Deep Buffer ETF - November
Which is better, DDEC or DNOV?
Each has led over a different period.
DDEC led over 5Y and the full window, DNOV over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94.
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 | DDEC | DNOV |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $432M | $400M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 10 |
| YTD Return | +8.27% | +8.34%Best |
| 1Y Return | +11.98% | +13.12%Best |
| 3Y Return (annualized) | +12.75% | +13.48%Best |
| 5Y Return (annualized) | +8.64%Best | +8.63% |
| Volatility (annualized) | 6.3%Best | 7.1% |
| Max Drawdown | -10.2% | -10.0%Best |
| $10,000 over 5 years | $15,134Best | $15,127 |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 18, 2020 | Nov 18, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 21, 2020 to Oct 14, 2026 (5.8 years).
DDEC vs DNOV 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 5.8 years both funds cover.
DDEC vs DNOV Performance
FT Vest US Equity Deep Buffer ETF - December (DDEC) is an ETF from First Trust Portfolios (US) and FT Vest US Equity Deep Buffer ETF - November (DNOV) is an ETF from First Trust Portfolios (US). Over the past year DDEC returned +11.98% while DNOV returned +13.12%. Year to date, DDEC is up 8.27% versus a gain of 8.34% for DNOV.
Over three years, DDEC compounded at +12.75% per year against +13.48% for DNOV; over five years the annualized figures are +8.64% and +8.63% respectively. Across the full 6-year window we track, DDEC has the edge at +8.59% annualized vs +8.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DNOV has been the more volatile fund, with annualized monthly volatility of 7.1% compared with 6.3% for DDEC. 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 -10.2% for DDEC and -10.0% for DNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DDEC charges 0.85% per year while DNOV charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, DDEC currently yields 0.00% against 0.00% for DNOV.
You are not choosing between two funds in isolation.
Whichever of DDEC and DNOV 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, DDEC or DNOV?
DDEC has an expense ratio of 0.85% while DNOV charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, DDEC or DNOV?
Over the past year DDEC returned +11.98% vs +13.12% for DNOV, so DNOV leads on 1-year performance. Over the longest common window we track (6 years), DDEC annualized +8.59% vs +8.40% for DNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DDEC or DNOV?
DNOV has been the more volatile fund at 7.1% annualized versus 6.3% for DDEC. Worst drawdown: DDEC -10.2% vs DNOV -10.0%.
Should I hold both DDEC and DNOV?
DDEC and DNOV have a monthly-return correlation of 0.94, 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, DDEC or DNOV?
DDEC yields 0.00% while DNOV yields 0.00%, so DNOV currently pays the higher dividend yield.
Is DNOV better than DDEC?
DDEC led over 5Y and the full window, DNOV over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.