DNOV vs IVV
FT Vest US Equity Deep Buffer ETF - November vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DNOV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $395M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | +7.06% | +14.50% | |
| 1Y Return | +13.97% | +22.02% | |
| 3Y Return (annualized) | +12.59% | +21.80% | |
| 5Y Return (annualized) | +8.42% | +13.37% | |
| Volatility (annualized) | 7.8% | 15.1% | |
| Max Drawdown | -15.0% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 18, 2019 | May 15, 2000 |
DNOV vs IVV Performance
FT Vest US Equity Deep Buffer ETF - November (DNOV) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DNOV returned +13.97% while IVV returned +22.02%. Year to date, DNOV is up 7.06% versus a gain of 14.50% for IVV.
Over three years, DNOV compounded at +12.59% per year against +21.80% for IVV; over five years the annualized figures are +8.42% and +13.37% respectively. Across the full 7-year window we track, DNOV has the edge at +8.31% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.8% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DNOV charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, DNOV currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
DNOV and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DNOV or IVV?
DNOV has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, DNOV or IVV?
Over the past year DNOV returned +13.97% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), DNOV annualized +8.31% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, DNOV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.8% for DNOV. Worst drawdown: DNOV -15.0% vs IVV -56.5%.
Should I hold both DNOV and IVV?
DNOV and IVV have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DNOV and IVV?
DNOV and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DNOV or IVV?
DNOV yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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