SNOV vs SPY
FT Vest US Small Cap Moderate Buffer ETF - November vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SNOV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.09% | |
| AUM | $118M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +10.84% | +12.68% | |
| 1Y Return | +16.04% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 8.2% | 15.3% | |
| Max Drawdown | -15.4% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 17, 2023 | Jan 22, 1993 |
SNOV vs SPY Performance
FT Vest US Small Cap Moderate Buffer ETF - November (SNOV) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SNOV returned +16.04% while SPY returned +21.82%. Year to date, SNOV is up 10.84% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.2% for SNOV. 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 -15.4% for SNOV and -56.5% for SPY. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SNOV charges 0.90% per year while SPY charges 0.09%. On a $10,000 position that is $90 vs $9 annually, a gap of $81 per year that compounds over a long holding period. On income, SNOV currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
SNOV and SPY share 0 holdings out of 505 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, SNOV or SPY?
SNOV has an expense ratio of 0.90% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, SNOV or SPY?
Over the past year SNOV returned +16.04% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SNOV annualized +12.18% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, SNOV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.2% for SNOV. Worst drawdown: SNOV -15.4% vs SPY -56.5%.
Should I hold both SNOV and SPY?
SNOV and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SNOV and SPY?
SNOV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SNOV or SPY?
SNOV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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