FT Cboe Vest U.S. Equity Moderate Buffer ETF… (GNOV) Performance
GNOV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.3% since Dec 31, 2025
- 1 year
- +12.3% total return
- Since first price
- +39.6% since 2023
GNOV trailing returns vs SPY, QQQ, AGG
| Period | GNOV 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 | +3.0% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +5.8% | +7.8% | +8.4% | −1.5% |
| YTD | +8.3% | +8.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.3% | +12.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 20, 2023 | +39.6% | +39.6% | — | — | — |
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: GNOV vs SPY
From Nov 20, 2023: GNOV grew to $13,962, SPY to $17,347.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GNOV returns by calendar year
2 of 2 full years positive. Best 2025 (+13.6%), worst 2024 (+10.3%). 2026 is year to date.
GNOV annual returns table
| Year | GNOV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.3% | −4.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.6% | −10.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.3% | −2.6% | +24.9% | +25.6% | +1.3% |
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.
GNOV largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −10.7% | Apr 8, 2025 | Jun 10, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GNOV risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +12.1% |
| Volatility (annualized) | 5.3% |
| Sharpe ratio | 1.38 |
| Sortino ratio | 2.66 |
| Best month | +5.2% |
| Worst month | −2.9% |
| Best 12 months | +19.9% |
| Worst 12 months | +4.0% |
| Positive months | 79% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
GNOV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 24 | +4.0% | +11.8% | +19.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
GNOV performance overview
FT Cboe Vest U.S. Equity Moderate Buffer ETF… (GNOV) returned +12.3% over the past year, with distributions reinvested. Since its first recorded price on Nov 20, 2023 it has returned +39.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.7%, from Feb 19, 2025 to Apr 8, 2025, and it took 2 months to get back to the old high. Volatility has been 5.3% a year.
Related: GNOV chart. See the GNOV overview for the latest quote and fund facts.
GNOV performance FAQ
What is the GNOV return over the past year?
GNOV returned +12.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.3%.
How much would $10,000 invested in GNOV be worth?
$10,000 invested in GNOV at its first recorded close on November 20, 2023 would be worth about $13,962 on October 23, 2026 with distributions reinvested.
What was the worst year for GNOV?
The worst calendar year was 2024, with a total return of +10.3%. The best was 2025 at +13.6%.
What is the biggest drawdown of GNOV?
The largest peak-to-trough decline was −10.7% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 10, 2025, 2 months after the bottom.
How volatile is GNOV?
Over the past history GNOV had an annualized volatility of 5.3% and a Sharpe ratio of 1.38 (excess return over 1–3 month T-bills per unit of risk).