DFEB vs DLNV
FT Vest US Equity Deep Buffer ETF - February vs FT Vest US Equity Dual Directional Buffer ETF - November
Which is better, DFEB or DLNV?
DLNV has been ahead.
DLNV led over 1Y. The two have moved almost in lockstep, correlation 0.98.
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 | DFEB | DLNV |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $452M | $20M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 12 |
| YTD Return | +8.90% | +9.43%Best |
| 1Y Return | +11.12% | +11.32%Best |
| 3Y Return (annualized) | +13.77% | - |
| 5Y Return (annualized) | +8.24% | - |
| Volatility (annualized) | 5.5%Best | 6.4% |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Feb 21, 2020 | Nov 21, 2025 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
DFEB vs DLNV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
DFEB vs DLNV Performance
FT Vest US Equity Deep Buffer ETF - February (DFEB) is an ETF from First Trust Portfolios (US) and FT Vest US Equity Dual Directional Buffer ETF - November (DLNV) is an ETF from First Trust Portfolios (US). Over the past year DFEB returned +11.12% while DLNV returned +11.32%. Year to date, DFEB is up 8.90% versus a gain of 9.43% for DLNV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DLNV has been the more volatile fund, with annualized monthly volatility of 6.4% compared with 5.5% for DFEB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFEB charges 0.85% per year while DLNV charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, DFEB currently yields 0.00% against 0.00% for DLNV.
You are not choosing between two funds in isolation.
Whichever of DFEB and DLNV 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, DFEB or DLNV?
DFEB has an expense ratio of 0.85% while DLNV charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, DFEB or DLNV?
Over the past year DFEB returned +11.12% vs +11.32% for DLNV, so DLNV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFEB or DLNV?
DLNV has been the more volatile fund at 6.4% annualized versus 5.5% for DFEB.
Should I hold both DFEB and DLNV?
DFEB and DLNV have a monthly-return correlation of 0.98, 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, DFEB or DLNV?
DFEB yields 0.00% while DLNV yields 0.00%, so DLNV currently pays the higher dividend yield.
Is DLNV better than DFEB?
DLNV led over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.