FT Cboe Vest U.S. Equity Buffer ETF - November

10-Year Study

FNOV.US · · US · ETF

Executive Summary: FT Cboe Vest U.S. Equity Buffer ETF - November has compounded at 8.8% annually over the last 10 years, with a maximum drawdown of 15.5% and an annualized volatility of 10.8%.

1Y CAGR
+9.8%
3Y CAGR
+11.8%
5Y CAGR
+7.2%
10Y CAGR
+8.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
15.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.43
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.65
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
11.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +19.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -8.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
71%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.8-0.3-4.9—————————-4.4%
20251.8-0.6-3.6-0.54.53.31.71.62.21.41.70.614.7%
20241.02.71.4-1.42.91.40.61.20.60.62.1-1.312.5%
20235.0-2.12.91.10.55.42.5-1.2-4.7-2.28.63.019.7%
2022-3.3-1.82.3-5.80.7-5.26.7-2.0-7.37.04.6-3.7-8.9%
2021-0.92.02.81.80.70.90.40.9-0.41.0-1.73.110.8%
20200.2-5.9-7.78.23.20.93.73.4-1.0-1.77.91.912.3%
2019———————————1.81.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 10.8%. The dominant macroeconomic risk driver is VTI.US, accounting for 70.9% of variance. Idiosyncratic stock-specific factors contribute 4.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-11-0110000
2019-12-0110180.636777128006
2020-01-0110201.429499675112
2020-02-019598.115659519168
2020-03-018858.024691358025
2020-04-019580.896686159844
2020-05-019886.2897985705
2020-06-019974.009096816113
2020-07-0110339.506172839505
2020-08-0110688.758934372969
2020-09-0110581.221572449644
2020-10-0110402.858999350228
2020-11-0111221.572449642625
2020-12-0111432.748538011694
2021-01-0111328.784925276152
2021-02-0111549.70760233918
2021-03-0111873.294346978559
2021-04-0112081.87134502924
2021-05-0112160.818713450291
2021-06-0112271.929824561405
2021-07-0112318.0636777128
2021-08-0112426.575698505525
2021-09-0112371.020142949968
2021-10-0112500
2021-11-0112287.199480181936
2021-12-0112664.067576348278
2022-01-0112243.014944769331
2022-02-0112024.041585445093
2022-03-0112303.443794671864
2022-04-0111586.419753086418
2022-05-0111661.79337231969
2022-06-0111050.357374918778
2022-07-0111789.148797920727
2022-08-0111551.332033788172
2022-09-0110705.003248862899
2022-10-0111456.46523716699
2022-11-0111988.30409356725
2022-12-0111539.961013645227
2023-01-0112121.507472384665
2023-02-0111871.345029239767
2023-03-0112215.074723846652
2023-04-0112355.425601039637
2023-05-0112413.58024691358
2023-06-0113081.546458739442
2023-07-0113408.057179987005
2023-08-0113243.989603638725
2023-09-0112625.730994152047
2023-10-0112344.054580896684
2023-11-0113408.057179987005
2023-12-0113812.215724496426
2024-01-0113950.617283950616
2024-02-0114333.983105912928
2024-03-0114534.762833008446
2024-04-0114332.358674463938
2024-05-0114743.339831059131
2024-06-0114955.165692007795
2024-07-0115049.707602339182
2024-08-0115230.669265756986
2024-09-0115327.16049382716
2024-10-0115417.478882391162
2024-11-0115740.740740740743
2024-12-0115536.06237816764
2025-01-0115818.713450292396
2025-02-0115727.745289148796
2025-03-0115162.768031189082
2025-04-0115083.82066276803
2025-05-0115756.66016894087
2025-06-0116280.051981806368
2025-07-0116552.956465237166
2025-08-0116814.489928525018
2025-09-0117183.235867446394
2025-10-0117420.40285899935
2025-11-0117708.57699805068
2025-12-0117813.51526965562
2026-01-0117956.46523716699
2026-02-0117907.732293697205
2026-03-0117036.06237816764
Annual Return Matrix
YearAnnual Return
20200.12298953280571867
20210.1077010514350667
2022-0.08876346844535643
20230.1969031531531531
20240.12480594627652053
20250.1465913843580091
2026-0.04364399051614076
Total Factor Risk
0.10806404570400273
VTI.US Exposure
0.7094510876870663
VEA.US Exposure
-0.05195951931611857
VWO.US Exposure
0.0015468015760874841
QQQ.US Exposure
-0.048979746507142305
VTV.US Exposure
-0.016463034777192926
IJR.US Exposure
-0.03691903798771067
QUAL.US Exposure
0.0007552771316295194
SHV.US Exposure
0.27663690370407695
TLT.US Exposure
-0.022051229881256684
LQD.US Exposure
0.05876166524710862
HYG.US Exposure
0.02981153867779773
GLD.US Exposure
-0.001882299232856427
USO.US Exposure
0.0031056973739845965
VNQ.US Exposure
0.037057461296669446
BTC-USD.CC Exposure
-0.016922009933134138
CPER.US Exposure
0.013298270468428752
VIX.INDX Exposure
0.005634282415581873
UUP.US Exposure
0.008390467104380562
TIP.US Exposure
0.003084628527307869
Idiosyncratic Exposure
0.04764279642529205
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
10.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-4.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-1.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
5.5% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.69
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is FT Cboe Vest U.S. Equity Buffer ETF - November a high-risk investment?

FT Cboe Vest U.S. Equity Buffer ETF - November (FNOV.US) has an annualized volatility of 10.8% and experienced a maximum drawdown of 15.5% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of FNOV.US?

Over the past 10 years, FNOV.US has generated a Compound Annual Growth Rate (CAGR) of 8.8%. It has had a positive return in 71% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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