FT Cboe Vest U.S. Equity Deep Buffer ETF… (DNOV) Performance
DNOV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.3% since Dec 31, 2025
- 1 year
- +12.2% total return
- 5 years
- +8.6% a year
- Since first price
- +8.2% a year since 2019
DNOV trailing returns vs SPY, QQQ, AGG
| Period | DNOV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +5.9% | +7.8% | +8.4% | −1.5% |
| YTD | +8.3% | +8.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.2% | +12.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.4%+14.8%/yr | +51.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +51.0%+8.6%/yr | +51.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 18, 2019 | +73.2%+8.2%/yr | +73.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DNOV vs SPY
From Nov 18, 2019: DNOV grew to $17,318, SPY to $26,919.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DNOV returns by calendar year
5 of 6 full years positive. Best 2023 (+18.5%), worst 2022 (−7.5%). 2026 is year to date.
DNOV annual returns table
| Year | DNOV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.3% | −4.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.9% | −10.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.7% | −2.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.5% | −7.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.5% | −9.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.0% | −1.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.5% | −15.0% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DNOV largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −15.0% | Mar 18, 2020 | Aug 5, 2020 | 28 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DNOV risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +14.1% | +8.6% | +8.2% |
| Volatility (annualized) | 7.2% | 7.6% | 7.7% |
| Sharpe ratio | 1.28 | 0.67 | 0.72 |
| Sortino ratio | 2.79 | 1.13 | 1.19 |
| Best month | +8.6% | +8.6% | +8.6% |
| Worst month | −3.2% | −4.4% | −5.6% |
| Best 12 months | +22.6% | +22.6% | +22.6% |
| Worst 12 months | +3.8% | −7.5% | −7.5% |
| Positive months | 78% | 68% | 70% |
| Beta vs S&P 500 | 0.52 | 0.42 | — |
| Correlation with S&P 500 | 0.89 | 0.87 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DNOV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −7.5% | +11.2% | +22.6% | 83% |
| 3-year (a year) | 48 | +1.8% | +6.7% | +15.1% | 100% |
| 5-year (a year) | 24 | +6.7% | +8.0% | +8.6% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
DNOV performance overview
FT Cboe Vest U.S. Equity Deep Buffer ETF… (DNOV) returned +12.2% over the past year and +8.6% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +8.2% a year, turning $10,000 into about $17,318. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.0%, from Feb 19, 2020 to Mar 18, 2020, and it took 5 months to get back to the old high. DNOV finished 5 of its 6 full calendar years with a gain; the best year was 2023 (+18.5%) and the worst 2022 (−7.5%). Volatility has been 7.7% a year.
Related: DNOV chart. See the DNOV overview for the latest quote and fund facts.
DNOV performance FAQ
What is the DNOV return over the past year?
DNOV returned +12.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.2%.
What is the average annual return of DNOV?
DNOV has returned +8.6% a year over 5 years, +8.2% a year since November 18, 2019 (total return, distributions reinvested).
How much would $10,000 invested in DNOV be worth?
$10,000 invested in DNOV at its first recorded close on November 18, 2019 would be worth about $17,318 on October 23, 2026 with distributions reinvested.
What was the worst year for DNOV?
The worst calendar year was 2022, with a total return of −7.5%. The best was 2023 at +18.5%.
What is the biggest drawdown of DNOV?
The largest peak-to-trough decline was −15.0% between February 19, 2020 and March 18, 2020. It recovered to the old high on August 5, 2020, 5 months after the bottom.
How volatile is DNOV?
Over the past 3 years DNOV had an annualized volatility of 7.2% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).