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FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November XNOV
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | XNOV | Replication |
|---|---|---|
| Annualized growth | 10.1% | 11.2% |
| Annualized volatility | 5.8% | 5.7% |
| Sharpe ratio | 1.69 | 1.90 |
| Maximum drawdown | 8.7% | 6.5% |
| Replication fit (R²) | 0.68 · Tracking error 3.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model XNOV’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| SPHY | FI · High Yield | 69.8% |
| VUG | Style · Growth | 12.9% |
| WTMF | Alternatives · Mgt Futures | 8.2% |
| XLF | Sector · Financials | 5.0% |
| SPHQ | Factor · Quality | 4.0% |