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FT Vest U.S. Equity Buffer ETF - November FNOV
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FNOV | Replication |
|---|---|---|
| Annualized growth | 9.6% | 8.2% |
| Annualized volatility | 10.9% | 11.4% |
| Sharpe ratio | 0.89 | 0.75 |
| Maximum drawdown | 15.7% | 22.2% |
| Replication fit (R²) | 0.91 · Tracking error 3.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model FNOV’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| SPHY | FI · High Yield | 47.8% |
| VOO | US Large Cap | 18.0% |
| VUG | Style · Growth | 17.6% |
| XLF | Sector · Financials | 8.9% |
| VOX | Sector · Communication | 7.6% |