NOVP vs VTI
PGIM S&P 500 Buffer 12 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 | NOVP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $32M | $666.9B | |
| Dividend Yield | 0.00% | 1.07% | |
| Holdings | 8 | 3,543 | |
| YTD Return | +9.31% | +13.14% | |
| 1Y Return | +14.25% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 7.0% | 15.3% | |
| Max Drawdown | -11.8% | -56.6% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 22, 2024 | May 24, 2001 |
NOVP vs VTI Performance
PGIM S&P 500 Buffer 12 ETF - November (NOVP) is a ETF from PGIM Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year NOVP returned +14.25% while VTI returned +22.35%. Year to date, NOVP is up 9.31% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.97. 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 VTI 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 1.07% for VTI.
Frequently Asked Questions
Which is cheaper, NOVP or VTI?
NOVP has an expense ratio of 0.50% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, NOVP or VTI?
Over the past year NOVP returned +14.25% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), NOVP annualized +13.63% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, NOVP or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 7.0% for NOVP. Worst drawdown: NOVP -11.8% vs VTI -56.6%.
Should I hold both NOVP and VTI?
NOVP and VTI have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, NOVP or VTI?
NOVP yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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