First TrustDefined OutcomeBuffer#85 of 318 by YTD

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - NovemberXNOV

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Bucket avg Compare

$40.57+0.2%

+$0.09 · Nov 6 close

Buy

AUM: $25M
Fee: 0.85%
Yield: 0.0%

Bumpy · 1Y: 0.3×S&P
Volume: 37
NAV: $40.55

52-week rangeAt the 52-week high

$36.82$40.77

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.2%	0.0%	+1.1%	+7.1%	+9.8%	—	—	+31.8%
Peer average	+0.2%	+92.6%	+96.4%	+6.1%	+7.6%	+44.9%	+49.6%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

XNOV in One Breath

XNOV Among Buffer ETFs

YTD

#1BAPRInnovator+12.3%$408M

#2QMARFirst Trust+11.8%$603M

#3APRTAllianzIM+11.7%$46.4M

#4FMARFirst Trust+11.6%$1.2B

#5PQAPPGIM+11.5%$31.3M

#6RSSEFirst Trust+11.3%$35.6M

#7KOCTInnovator+11.3%$169M

#8KFEBInnovator+11.0%$37.9M

#83XNOVFirst Trust+7.1%$25.3M

End-of-day Nov 9, 2026 · 289 Buffer ETFs by YTD

$10,000 in XNOV

$10,000 in XNOV became

$13,185

In the S&P 500 (VOO)

$16,822

Total return, dividends in · Nov 20, 2023 – Nov 6, 2026 · S&P 500 uses VOO

XNOV Returns by Period

Today

YTD

MAX

XNOV

+0.2%

0.0%

+1.1%

+7.1%

+9.8%

—

+31.8%

Peer average

+0.2%

+92.6%

+96.4%

+6.1%

+7.6%

+44.9%

+49.6%

—

S&P 500 · VOO

+0.3%

−5.0%

−4.6%

+8.7%

+9.8%

+80.8%

+71.8%

—

End-of-day Nov 9, 2026 · total return, dividends in · peers = 374 Buffer ETFs

XNOV’s Defined Outcome Rank

YTD

#85of 318
defined outcome ETFs

Best · SIXH+14.7%

XNOV+7.1%

Average+5.9%

Worst · KBUF−16.9%

Defined Outcome ETFs by YTD return · Nov 9, 2026

XNOV Price and 52-Week Range

From the 52-week high

−0.5%

From the 52-week low

+10.2%

Today $40.57 – $40.57

Previous close $40.48

$40.57 now

52-week low$36.8252-week high$40.77

End-of-day Nov 9, 2026 · box = today’s range, dashed = previous close

XNOV’s Share of Buffer ETFs

Today

0.0%

of the $85.5B in 375 Buffer ETFs

XNOV$25.3M0.0%

BUFR$10.8B12.6%

BUFD$2.2B2.6%

372 others$72.5B84.8%

Buffer ETF AUM · Nov 9, 2026

XNOV Fee per $100 vs Peers

Today

$0.85a year
per $100

$85 a year on $10,000

BUFR$0.10

BUFD$0.10

BUFQ$0.10

XNOV$0.85

FJAN$0.85

FMAY$0.85

Expense ratio · Buffer peers · Nov 9, 2026

Inside XNOV

5 holdings

XNOV

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November

Today

XNOV reports no holdings we can show: […]

First Trust XNOV · holdings

How It Compares

XNOV

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November’s Peers

YTD


BUFR	First TrustRead Desk	0.10%	+7.1%	+8.9%	$10.8B
BUFD	First TrustRead Desk	0.10%	+6.1%	+7.6%	$2.2B
BUFQ	First TrustRead Desk	0.10%	+6.0%	+7.7%	$1.6B
FJAN	First TrustRead Desk	0.85%	+7.1%	+9.4%	$1.5B
FMAY	First TrustRead Desk	0.85%	+4.8%	+6.4%	$1.5B
XNOV	First TrustThis fundRead Desk	0.85%	+7.1%	+9.8%	$25M

Buffer peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put XNOV head to head with BUFR →

BUFR vs XNOV

YTD

BUFRFirst Trust · BufferXNOVFirst Trust · Buffer

Year to date

+7.1%

Level

Past year

+8.9%

+9.8%

XNOV wins+1.0 pt

Fee

0.10%

0.85%

BUFR winslower fee

Yield

0.0%

Level

AUM

$10.8B

$25.3M

BUFR426.2× more

1–1level

First Trust BUFR and First Trust XNOV · year-to-date · as of Nov 9, 2026 · AUM not scored

XNOV vs VOO

YTD

XNOV · FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November

+7.1%

VOO · S&P 500

+8.7%

Gap

1.6 pts

First Trust XNOV and Vanguard VOO · YTD total return · as of Nov 9, 2026

XNOV vs Its Peer Average

YTD

XNOVAvsBPeer average

1D+0.2%+0.2%

1M0.0%+92.6%

3M+1.1%+96.4%

YTD+7.1%+6.1%

1Y+9.8%+7.6%

3Y[…]+44.9%

5Y[…]+49.6%

3–2XNOV wins

374 Buffer peers · each row scaled to its leader

How Bumpy Is XNOV?

View

XNOV

How Bumpy

0.3×the S&P 500’s swings

CalmerBumpierS&P 1×XNOV

Calmest of 7 buffer fundsXNOV

Other buffer funds0.4× to 0.8×

First Trust XNOV · daily swings over the past year vs the S&P 500

XNOV

Worst Drop

−3.6%from its Feb 25 high

Still below the high−0.4%

$10,000 at the high is now$9,960

First Trust XNOV · fall from the highest close, past year

XNOV

On a Bad Day

0.2×the S&P 500’s fall

XNOV’s worst day: Thursday, Mar 26

XNOV

−0.9%

S&P 500

−1.8%

Up days58 of every 100

S&P 500 up days52 of every 100

First Trust XNOV · average move on days the S&P 500 fell

XNOV

Return for the Bumps

1Y#1 of 7 buffer funds

#1XNOVFirst Trust

most for the bumps

#2FJANFirst Trust

#3BUFRFirst Trust

#4BUFDFirst Trust

#5FAUGFirst Trust

#6FMAYFirst Trust

#7BUFQFirst Trust

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

XNOV

Cost

Today

$85a year per $10,000

BUFR

$10

BUFD

$10

BUFQ

$10

FJAN

$85

FMAY

$85

FAUG

$85

XNOV

$85

Expense ratio 0.85%, taken from the fund’s value

XNOV

Volatility & Beta

4.3%annual volatility

S&P 500 volatility13.6%

Downside volatility2.7%

Beta vs SPY0.26

Correlation vs SPY0.84

Lowest beta of 7 buffer fundsXNOV

Daily total returns × √252 · past 254 trading days

XNOV

Max Drawdown

−3.6%peak to trough

Peak closeFeb 25, 2026

Current drawdown−0.4%

Worst day−0.93% · Mar 26

Closing prices, dividends in

XNOV

Up / Down Capture

22%down capture vs SPY

Down days

22%

Up days

30%

S&P 500

100%

Up ÷ down capture1.40

Up days57.9% (S&P 52.0%)

Average daily move on SPY up days and down days

XNOV

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
XNOV	1.41	2.20	4.3%	−3.6%	0.26	$85
FJAN	0.68	0.96	8.0%	−5.9%	0.57	$85
BUFR	0.66	0.91	7.4%	−4.6%	0.53	$10
BUFD	0.64	0.90	5.7%	−3.4%	0.41	$10
FAUG	0.47	0.64	7.8%	−5.3%	0.54	$85
FMAY	0.32	0.44	7.9%	−4.2%	0.56	$85
BUFQ	0.31	0.43	10.6%	−8.2%	0.71	$10

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

XNOV

Trading

Today

+0.05%above its holdings’ value

Close$40.57

NAV$40.55

Fee per $10,000$85 a year

Avg. volume 30D2K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

XNOV

Fund Facts

Today

2023launched Nov 17

Tracks[…]

Exchange · CUSIPCBOE · 33740F334

StructureETF

Leverage1x

Cost on $10,000$85 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust XNOV · fund facts · as of Nov 9, 2026

XNOV

Payouts by Year

Today

$0no payouts on record

XNOV does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

First Trust XNOV · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗

Trading & Liquidity

Net asset value$40.55

Premium / discount[…]

Median spread · 30D[…]

Volume today37

Average volume · 30D2K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.85%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$85.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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