FT Cboe Vest U.S. Small Cap Moderate Buffer… (SNOV) Performance
SNOV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.5% since Dec 31, 2025
- 1 year
- +8.8% total return
- Since first price
- +36.4% since 2023
SNOV trailing returns vs SPY, QQQ, AGG
| Period | SNOV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.9% | +0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.8% | +4.8% | +7.8% | +8.4% | −1.5% |
| YTD | +10.5% | +10.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.8% | +8.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 20, 2023 | +36.4% | +36.4% | — | — | — |
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: SNOV vs SPY
From Nov 20, 2023: SNOV grew to $13,640, SPY to $17,347.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SNOV returns by calendar year
2 of 2 full years positive. Best 2024 (+9.2%), worst 2025 (+7.0%). 2026 is year to date.
SNOV annual returns table
| Year | SNOV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.5% | −4.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.0% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.2% | −4.2% | +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.
SNOV largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 2, 2024 | −15.4% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SNOV risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +11.4% |
| Volatility (annualized) | 8.2% |
| Sharpe ratio | 0.84 |
| Sortino ratio | 1.43 |
| Best month | +5.6% |
| Worst month | −3.6% |
| Best 12 months | +20.2% |
| Worst 12 months | +1.4% |
| Positive months | 71% |
| 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.
SNOV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 24 | +1.4% | +8.8% | +20.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SNOV performance overview
FT Cboe Vest U.S. Small Cap Moderate Buffer… (SNOV) returned +8.8% over the past year, with distributions reinvested. Since its first recorded price on Nov 20, 2023 it has returned +36.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.4%, from Dec 2, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 8.2% a year.
Related: SNOV chart. See the SNOV overview for the latest quote and fund facts.
SNOV performance FAQ
What is the SNOV return over the past year?
SNOV returned +8.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.8%.
How much would $10,000 invested in SNOV be worth?
$10,000 invested in SNOV at its first recorded close on November 20, 2023 would be worth about $13,640 on October 23, 2026 with distributions reinvested.
What was the worst year for SNOV?
The worst calendar year was 2025, with a total return of +7.0%. The best was 2024 at +9.2%.
What is the biggest drawdown of SNOV?
The largest peak-to-trough decline was −15.4% between December 2, 2024 and April 8, 2025. It recovered to the old high on August 13, 2025, 4 months after the bottom.
How volatile is SNOV?
Over the past history SNOV had an annualized volatility of 8.2% and a Sharpe ratio of 0.84 (excess return over 1–3 month T-bills per unit of risk).