Which is cheaper, NOVZ or VOO?

NOVZ charges 0.79% a year and VOO charges 0.03%, so VOO is cheaper. Fees come from each fund's prospectus.

Are NOVZ and VOO the same kind of fund?

No. NOVZ is a buffer ETF and VOO is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

NOVZ vs VOO: how they differ

NOVZ and VOO are measured over different days, and VOO charges 0.03% against 0.79%.

TrueShares Structured Outcome (November) ETF and Vanguard 500 Index Fund.

NOVZ and VOO on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	NOVZ TrueShares Structured Outcome (November) ETF	VOO Vanguard 500 Index Fund
Where it sits	Buffer ETF	Core index fund
Issuer	TrueShares	Vanguard
What it is	Defined outcome, 10% on SPX	S&P 500
Total return, 1 year	not published	+17.6%
S&P 500 over the same days	not published	+17.5%
Gap to the S&P 500	not available	+0.1 pts
Expense ratio	0.79%	0.03%
Holdings	not filed	506

NOVZ in plain words

This fund has no cap. It takes a share of any further rise in SPX. The fund's price can fall 4.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPX can fall 10.6% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPX level. 52 days remained on Sep 12, 2026. On Oct 30, 2026 the period ends and a new cap is set.

VOO in plain words

VOO is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 36.5%.

Questions people ask

Which is cheaper, NOVZ or VOO?: NOVZ charges 0.79% a year and VOO charges 0.03%, so VOO is cheaper. Fees come from each fund's prospectus.
Are NOVZ and VOO the same kind of fund?: No. NOVZ is a buffer ETF and VOO is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

NOVZ against VOO, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, NOVZ against VOO, data as of Sep 12, 2026. https://etfiq.com/compare/any/NOVZ-VOO Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources