FMAR vs FNOV
FT Vest US Equity Buffer ETF - March vs FT Vest US Equity Buffer ETF - November
Which is better, FMAR or FNOV?
Each has led over a different period.
FMAR led over 1Y, 5Y and the full window, FNOV over 3Y. The two have moved almost in lockstep, correlation 0.93.
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 | FMAR | FNOV |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $1.2B | $1.3B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 10 |
| YTD Return | +13.39%Best | +10.27% |
| 1Y Return | +16.31%Best | +14.72% |
| 3Y Return (annualized) | +14.66% | +15.26%Best |
| 5Y Return (annualized) | +10.74%Best | +9.54% |
| Volatility (annualized) | 8.9%Best | 10.4% |
| Max Drawdown | -14.4%Best | -15.9% |
| $10,000 over 5 years | $16,654Best | $15,771 |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 19, 2021 | Nov 18, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 22, 2021 to Oct 14, 2026 (5.6 years).
FMAR vs FNOV 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 5.6 years both funds cover.
FMAR vs FNOV Performance
FT Vest US Equity Buffer ETF - March (FMAR) is an ETF from First Trust Portfolios (US) and FT Vest US Equity Buffer ETF - November (FNOV) is an ETF from First Trust Portfolios (US). Over the past year FMAR returned +16.31% while FNOV returned +14.72%. Year to date, FMAR is up 13.39% versus a gain of 10.27% for FNOV.
Over three years, FMAR compounded at +14.66% per year against +15.26% for FNOV; over five years the annualized figures are +10.74% and +9.54% respectively. Across the full 6-year window we track, FMAR has the edge at +11.22% annualized vs +9.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNOV has been the more volatile fund, with annualized monthly volatility of 10.4% compared with 8.9% for FMAR. 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 -14.4% for FMAR and -15.9% for FNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMAR charges 0.85% per year while FNOV charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, FMAR currently yields 0.00% against 0.00% for FNOV.
You are not choosing between two funds in isolation.
Whichever of FMAR and FNOV 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, FMAR or FNOV?
FMAR has an expense ratio of 0.85% while FNOV charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, FMAR or FNOV?
Over the past year FMAR returned +16.31% vs +14.72% for FNOV, so FMAR leads on 1-year performance. Over the longest common window we track (6 years), FMAR annualized +11.22% vs +9.64% for FNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAR or FNOV?
FNOV has been the more volatile fund at 10.4% annualized versus 8.9% for FMAR. Worst drawdown: FMAR -14.4% vs FNOV -15.9%.
Should I hold both FMAR and FNOV?
FMAR and FNOV have a monthly-return correlation of 0.93, 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, FMAR or FNOV?
FMAR yields 0.00% while FNOV yields 0.00%, so FNOV currently pays the higher dividend yield.
Is FNOV better than FMAR?
FMAR led over 1Y, 5Y and the full window, FNOV over 3Y. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.