FNOV vs VTI
FT Vest US Equity Buffer ETF - November vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | FNOV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $1.2B | $666.9B | |
| Dividend Yield | 0.00% | 1.07% | |
| Holdings | 5 | 3,543 | |
| YTD Return | +8.70% | +13.14% | |
| 1Y Return | +16.59% | +22.35% | |
| 3Y Return (annualized) | +14.49% | +21.83% | |
| 5Y Return (annualized) | +9.41% | +12.01% | |
| Volatility (annualized) | 11.3% | 15.3% | |
| Max Drawdown | -24.4% | -56.6% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 18, 2019 | May 24, 2001 |
FNOV vs VTI Performance
FT Vest US Equity Buffer ETF - November (FNOV) is a ETF from First Trust Portfolios (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FNOV returned +16.59% while VTI returned +22.35%. Year to date, FNOV is up 8.70% versus a gain of 13.14% for VTI.
Over three years, FNOV compounded at +14.49% per year against +21.83% for VTI; over five years the annualized figures are +9.41% and +12.01% respectively. Across the full 7-year window we track, FNOV has the edge at +10.37% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.3% for FNOV. 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 -24.4% for FNOV and -56.6% for VTI. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNOV charges 0.85% per year while VTI 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, FNOV currently yields 0.00% against 1.07% for VTI.
Holdings Overlap
FNOV and VTI share 0 holdings out of 2788 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, FNOV or VTI?
FNOV has an expense ratio of 0.85% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, FNOV or VTI?
Over the past year FNOV returned +16.59% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), FNOV annualized +10.37% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, FNOV or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 11.3% for FNOV. Worst drawdown: FNOV -24.4% vs VTI -56.6%.
Should I hold both FNOV and VTI?
FNOV and VTI have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FNOV and VTI?
FNOV and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2788 unique securities.
Which pays a higher dividend, FNOV or VTI?
FNOV yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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