{"url":"https://etfiq.com/compare/buffer/bnov-vs-nvbw","section":"compare","title":"BNOV vs NVBW: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 22, 2026 BNOV can gain 4.9% before its cap and NVBW 0.8%. Each can fall 10.9% and 9.6% before its buffer engages, on SPY.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, BNOV or NVBW?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 22, 2026, BNOV can gain about 4.9% before its cap and NVBW about 0.8%, so BNOV has more room left this period."}},{"@type":"Question","name":"Which resets first, BNOV or NVBW?","acceptedAnswer":{"@type":"Answer","text":"BNOV ends its outcome period on Oct 31, 2026 and NVBW on Oct 31, 2026. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, BNOV or NVBW?","acceptedAnswer":{"@type":"Answer","text":"BNOV charges 0.79% a year and NVBW charges 0.74%, so NVBW is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"BNOV vs NVBW","item":"https://etfiq.com/compare/buffer/bnov-vs-nvbw"}]},{"@type":"WebPage","name":"BNOV vs NVBW: Cap, Buffer & Days Left","description":"As of Oct 22, 2026 BNOV can gain 4.9% before its cap and NVBW 0.8%. Each can fall 10.9% and 9.6% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/bnov-vs-nvbw","dateModified":"2026-10-22","abstract":"As of Oct 22, 2026 BNOV can fall 10.9% before its buffer engages and NVBW 9.6%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BNOV and NVBW","description":"As of Oct 22, 2026 BNOV can gain 4.9% before its cap and NVBW 0.8%. Each can fall 10.9% and 9.6% before its buffer engages, on SPY.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/bnov-vs-nvbw","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6719,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / BNOV vs NVBW \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n BNOV vs NVBW: Cap, Buffer & Days Left\n\n As of Oct 22, 2026 BNOV can fall 10.9% before its buffer engages and NVBW 9.6%.\n Copy this for sharing \n \n NVBW costs 0.05 points a year less; their one-year returns differ by 2.1 points; BNOV is 2.0 times larger.\n BNOV and NVBW at a glance. As of Oct 22, 2026. Source: ETFIQ. BNOV NVBW \n Expense ratio 0.79% 0.74% \n Net assets, as of Oct 21, 2026 $197m $98m \n Total return, 1 year +12.1% +10.0% \n What it tracks SPY SPY \n Holdings in com","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, BNOV against NVBW, data as of Oct 22, 2026. https://etfiq.com/compare/buffer/bnov-vs-nvbw","a":{"ticker":"BNOV","name":"Innovator U.S. Equity Buffer ETF - Nov","issuer":"Innovator","desk":"buffer","as_of":"2026-10-22","verdict":"Since Oct 31, 2025, BNOV returned 11.3%, against 12.0% for SPY. It can gain 4.9% more before its cap.","url":"https://etfiq.com/funds/bnov","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"4.9%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"10.9%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"9.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"9","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$197m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"NVBW","name":"AllianzIM U.S. Equity Buffer20 ETF - Nov","issuer":"AllianzIM","desk":"buffer","as_of":"2026-10-22","verdict":"Since Nov 1, 2025, NVBW returned 9.7%, against 12.0% for SPY. It can gain 0.8% more before its cap.","url":"https://etfiq.com/funds/nvbw","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"0.8%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"9.6%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"20.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"9","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$98m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.74%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/bnov-vs-nvbw"}