FAPR vs GNOV
FT Vest US Equity Buffer ETF - April vs FT Vest US Equity Moderate Buffer ETF - November
Which is better, FAPR or GNOV?
Each has led over a different period.
FAPR led over 3Y and the full window, GNOV over 1Y.
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 | FAPR | GNOV |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $1.4B | $300M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 10 |
| YTD Return | +8.21% | +8.34%Best |
| 1Y Return | +10.78% | +13.36%Best |
| 3Y Return (annualized) | +13.68%Best | +12.23% |
| 5Y Return (annualized) | +8.84% | - |
| Volatility (annualized) | 4.6%Best | 5.2% |
| Max Drawdown | -11.6% | -10.7%Best |
| $10,000 over 2.9 years | $14,246Best | $13,974 |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 16, 2021 | Nov 17, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
FAPR vs GNOV 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 2.9 years both funds cover.
FAPR vs GNOV Performance
FT Vest US Equity Buffer ETF - April (FAPR) is an ETF from First Trust Portfolios (US) and FT Vest US Equity Moderate Buffer ETF - November (GNOV) is an ETF from First Trust Portfolios (US). Over the past year FAPR returned +10.78% while GNOV returned +13.36%. Year to date, FAPR is up 8.21% versus a gain of 8.34% for GNOV.
Over three years, FAPR compounded at +13.68% per year against +12.23% for GNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GNOV has been the more volatile fund, with annualized monthly volatility of 5.2% compared with 4.6% for FAPR. 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 -11.6% for FAPR and -10.7% for GNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FAPR charges 0.85% per year while GNOV charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, FAPR currently yields 0.00% against 0.00% for GNOV.
You are not choosing between two funds in isolation.
Whichever of FAPR and GNOV 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, FAPR or GNOV?
FAPR has an expense ratio of 0.85% while GNOV charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, FAPR or GNOV?
Over the past year FAPR returned +10.78% vs +13.36% for GNOV, so GNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FAPR or GNOV?
GNOV has been the more volatile fund at 5.2% annualized versus 4.6% for FAPR. Worst drawdown: FAPR -11.6% vs GNOV -10.7%.
Should I hold both FAPR and GNOV?
FAPR and GNOV have a monthly-return correlation of 0.69, 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, FAPR or GNOV?
FAPR yields 0.00% while GNOV yields 0.00%, so GNOV currently pays the higher dividend yield.
Is GNOV better than FAPR?
FAPR led over 3Y and the full window, GNOV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.