NOVP vs VOO
PGIM S&P 500 Buffer 12 ETF - November vs Vanguard S&P 500 ETF
Which is better, NOVP or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | NOVP | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $33M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 8 | 509 |
| YTD Return | +9.60% | +12.50%Best |
| 1Y Return | +12.71% | +17.58%Best |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 7.0%Best | 11.8% |
| Max Drawdown | -11.8%Best | -18.7% |
| $10,000 over 2.3 years | $13,354 | $14,822Best |
| Fund Family | PGIM Investments | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 22, 2024 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: May 22, 2024 to Sep 11, 2026 (2.3 years).
NOVP vs VOO 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 covers the 2.3 years both funds cover.
NOVP vs VOO Performance
PGIM S&P 500 Buffer 12 ETF - November (NOVP) is an ETF from PGIM Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year NOVP returned +12.71% while VOO returned +17.58%. Year to date, NOVP is up 9.60% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 7.0% for NOVP. 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 -11.8% for NOVP and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NOVP charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, NOVP currently yields 0.00% against 1.04% for VOO.
You are not choosing between two funds in isolation.
Whichever of NOVP and VOO 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, NOVP or VOO?
NOVP has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, NOVP or VOO?
Over the past year NOVP returned +12.71% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), NOVP annualized +13.40% vs +18.66% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NOVP or VOO?
VOO has been the more volatile fund at 11.8% annualized versus 7.0% for NOVP. Worst drawdown: NOVP -11.8% vs VOO -18.7%.
Should I hold both NOVP and VOO?
NOVP and VOO have a monthly-return correlation of 0.97, 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, NOVP or VOO?
NOVP yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than NOVP?
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.