DNOV vs FAUG
FT Vest US Equity Deep Buffer ETF - November vs FT Vest US Equity Buffer ETF - August
Which is better, DNOV or FAUG?
Each has led over a different period.
DNOV led over 1Y, FAUG over 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 | DNOV | FAUG |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $400M | $1.4B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 10 |
| YTD Return | +8.34% | +9.42%Best |
| 1Y Return | +13.12%Best | +12.36% |
| 3Y Return (annualized) | +13.48% | +15.16%Best |
| 5Y Return (annualized) | +8.63% | +9.29%Best |
| Volatility (annualized) | 7.7%Best | 10.6% |
| Max Drawdown | -15.0%Best | -22.3% |
| $10,000 over 5 years | $15,127 | $15,592Best |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 18, 2019 | Nov 7, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 18, 2019 to Oct 14, 2026 (6.9 years).
DNOV vs FAUG 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 6.9 years both funds cover.
DNOV vs FAUG Performance
FT Vest US Equity Deep Buffer ETF - November (DNOV) is an ETF from First Trust Portfolios (US) and FT Vest US Equity Buffer ETF - August (FAUG) is an ETF from First Trust Portfolios (US). Over the past year DNOV returned +13.12% while FAUG returned +12.36%. Year to date, DNOV is up 8.34% versus a gain of 9.42% for FAUG.
Over three years, DNOV compounded at +13.48% per year against +15.16% for FAUG; over five years the annualized figures are +8.63% and +9.29% respectively. Across the full 7-year window we track, FAUG has the edge at +9.80% annualized vs +8.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FAUG has been the more volatile fund, with annualized monthly volatility of 10.6% compared with 7.7% for DNOV. 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 -15.0% for DNOV and -22.3% for FAUG. 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
DNOV charges 0.85% per year while FAUG charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, DNOV currently yields 0.00% against 0.00% for FAUG.
You are not choosing between two funds in isolation.
Whichever of DNOV and FAUG 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, DNOV or FAUG?
DNOV has an expense ratio of 0.85% while FAUG charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, DNOV or FAUG?
Over the past year DNOV returned +13.12% vs +12.36% for FAUG, so DNOV leads on 1-year performance. Over the longest common window we track (7 years), DNOV annualized +8.29% vs +9.80% for FAUG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DNOV or FAUG?
FAUG has been the more volatile fund at 10.6% annualized versus 7.7% for DNOV. Worst drawdown: DNOV -15.0% vs FAUG -22.3%.
Should I hold both DNOV and FAUG?
DNOV and FAUG 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, DNOV or FAUG?
DNOV yields 0.00% while FAUG yields 0.00%, so FAUG currently pays the higher dividend yield.
Is FAUG better than DNOV?
DNOV led over 1Y, FAUG over 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.