GNOV vs VYM
FT Vest US Equity Moderate Buffer ETF - November vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | GNOV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | |
| AUM | $293M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 5 | 568 | |
| YTD Return | +7.08% | +16.78% | |
| 1Y Return | +13.93% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 5.4% | 14.6% | |
| Max Drawdown | -10.7% | -58.8% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 17, 2023 | Nov 10, 2006 |
GNOV vs VYM Performance
FT Vest US Equity Moderate Buffer ETF - November (GNOV) is a ETF from First Trust Portfolios (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GNOV returned +13.93% while VYM returned +24.43%. Year to date, GNOV is up 7.08% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 5.4% for GNOV. 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 -10.7% for GNOV and -58.8% for VYM. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GNOV charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, GNOV currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
GNOV and VYM share 0 holdings out of 559 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, GNOV or VYM?
GNOV has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, GNOV or VYM?
Over the past year GNOV returned +13.93% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), GNOV annualized +12.56% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, GNOV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.4% for GNOV. Worst drawdown: GNOV -10.7% vs VYM -58.8%.
Should I hold both GNOV and VYM?
GNOV and VYM have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GNOV and VYM?
GNOV and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, GNOV or VYM?
GNOV yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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