NOVM vs QQQ
FT Vest US Equity Max Buffer ETF - November vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NOVM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $28M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | +3.70% | +19.52% | |
| 1Y Return | +7.02% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 2.7% | 30.6% | |
| Max Drawdown | -3.3% | -83.0% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 15, 2024 | Mar 10, 1999 |
NOVM vs QQQ Performance
FT Vest US Equity Max Buffer ETF - November (NOVM) is a ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NOVM returned +7.02% while QQQ returned +26.68%. Year to date, NOVM is up 3.70% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.7% for NOVM. 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 -3.3% for NOVM and -83.0% for QQQ. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NOVM charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, NOVM currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
NOVM and QQQ share 0 holdings out of 103 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, NOVM or QQQ?
NOVM has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, NOVM or QQQ?
Over the past year NOVM returned +7.02% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NOVM annualized +6.64% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, NOVM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.7% for NOVM. Worst drawdown: NOVM -3.3% vs QQQ -83.0%.
Should I hold both NOVM and QQQ?
NOVM and QQQ have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NOVM and QQQ?
NOVM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, NOVM or QQQ?
NOVM yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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