DMAY vs NOVM
FT Vest US Equity Deep Buffer ETF - May vs FT Vest US Equity Max Buffer ETF - November
Which is better, DMAY or NOVM?
DMAY has been ahead.
DMAY led over 1Y and the full window.
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 | DMAY | NOVM |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $390M | $27M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 10 |
| YTD Return | +6.49%Best | +4.49% |
| 1Y Return | +8.98%Best | +6.65% |
| 3Y Return (annualized) | +12.02% | - |
| 5Y Return (annualized) | +7.16% | - |
| Volatility (annualized) | 6.8% | 2.6%Best |
| Max Drawdown | -12.4% | -3.3%Best |
| $10,000 over 1.9 years | $11,878Best | $11,263 |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | May 15, 2020 | Nov 15, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 14, 2026 (1.9 years).
DMAY vs NOVM 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 1.9 years both funds cover.
DMAY vs NOVM Performance
FT Vest US Equity Deep Buffer ETF - May (DMAY) is an ETF from First Trust Portfolios (US) and FT Vest US Equity Max Buffer ETF - November (NOVM) is an ETF from First Trust Portfolios (US). Over the past year DMAY returned +8.98% while NOVM returned +6.65%. Year to date, DMAY is up 6.49% versus a gain of 4.49% for NOVM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMAY has been the more volatile fund, with annualized monthly volatility of 6.8% compared with 2.6% for NOVM. 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 -12.4% for DMAY and -3.3% for NOVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DMAY charges 0.85% per year while NOVM charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, DMAY currently yields 0.00% against 0.00% for NOVM.
You are not choosing between two funds in isolation.
Whichever of DMAY and NOVM 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, DMAY or NOVM?
DMAY has an expense ratio of 0.85% while NOVM charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, DMAY or NOVM?
Over the past year DMAY returned +8.98% vs +6.65% for NOVM, so DMAY leads on 1-year performance. Over the longest common window we track (2 years), DMAY annualized +9.48% vs +6.46% for NOVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DMAY or NOVM?
DMAY has been the more volatile fund at 6.8% annualized versus 2.6% for NOVM. Worst drawdown: DMAY -12.4% vs NOVM -3.3%.
Should I hold both DMAY and NOVM?
DMAY and NOVM have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DMAY or NOVM?
DMAY yields 0.00% while NOVM yields 0.00%, so NOVM currently pays the higher dividend yield.
Is NOVM better than DMAY?
DMAY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.