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Data as of Nov 4, 2026.

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Buffer ETFs

DOCT vs NOVP: Cap, Buffer & Days Left

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As of Nov 4, 2026 DOCT can fall 6.2% before its buffer engages and NOVP 1.5%, and DOCT resets 16 days sooner.

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Net assets: $421m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - October, and $43m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - November.

DOCT on its own →NOVP on its own →
At a glance
6.2%
DOCT can fall this far before its buffer
1.5%
NOVP can fall this far before its buffer
12.9%
DOCT can still gain
14.8%
NOVP can still gain
DOCT Between buffer and cap
Between buffer and capDOCT: reference +0.5% since period start, fund +0.3%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer+13.7% more to the cap−30.0% floor−5.0% buffer start0% period start+14.2% capfirst 5 pts are yours to lose+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capDOCT: reference +0.5% since period start, fund +0.3%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer−30.0% floor−5.0% buffer start0% start+14.2% capfirst 5 pts are yours to lose+0.5% gain captured+13.7% more to the capTODAY · SPY +0.5%

DOCT: reference +0.5% since period start, fund +0.3%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.

DOCT: reference +0.5% since period start, fund +0.3%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.
NOVP Between buffer and cap
Between buffer and capNOVP: reference +1.5% since period start, fund +1.0%; buffer 0 to −12; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.12 pts of buffer+14.9% more to the cap−12.0% floor0% period start+16.4% cap+1.5% gain capturedTODAY · SPY +1.5%Between buffer and capNOVP: reference +1.5% since period start, fund +1.0%; buffer 0 to −12; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.12 pts−12.0% floor0% start+16.4% cap+1.5% gain captured+14.9% more to the capTODAY · SPY +1.5%

NOVP: reference +1.5% since period start, fund +1.0%; buffer 0 to −12; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.

NOVP: reference +1.5% since period start, fund +1.0%; buffer 0 to −12; cap +16.4%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

NOVP costs 0.35 points a year less; their one-year returns differ by 1.3 points; DOCT is 10.3 times larger.

Points (pts) are percentage points.

DOCT vs NOVP: Cap, Buffer & Days Left
MeasureDOCTNOVP
Return
Total return, 1 year+10.6%+11.9%
Drawdown
Index fall to the buffer5.4%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.50%
Net assets, as of Nov 3, 2026$421m$41m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · DOCT scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score70.4DOCT57.5NOVP

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →

Method

Window by window

Window by window: DOCT vs NOVP: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDOCTNOVPDOCTNOVP
3 months+2.1%+0.9%+2.5 pts+1.2 pts
6 months+5.2%+4.7%+0.7 pts+0.2 pts
1 year+10.6%+11.9%−2.9 pts−1.7 pts
3 years+39.2%–−37.2 pts–
Since launchNot the same days: DOCT Aug 2020 · NOVP May 2024+284.8%+34.3%+157.9 pts−10.4 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

DOCT FT Vest U.S. Equity Deep Buffer ETF - October · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 14.2%, over a period ending Oct 15, 2027 NOVP PGIM S&P 500 Buffer 12 ETF - November · Absorbs the first 12% of loss on SPY and caps the gain at 16.4%, over a period ending Oct 31, 2027
Issuer First Trust PGIM
Reference index SPY SPY
Buffer 5% to 30% 12%
Outcome period Oct 19, 2026 to Oct 15, 2027 Nov 1, 2026 to Oct 31, 2027
Days left 345 361
Starting cap +14.2% +16.4%
Can still gain 12.9% 14.8%
Fall before buffer 6.2% 1.5%
Protection left, index points 25.0% of 25.0% 12.0% of 12.0%
Index return this period +0.5% +1.5%
Fund return this period +0.3% +1.0%
State today Open Open
Expense ratio 0.85% 0.50%
Net assets, DOCT as of Nov 3, 2026 and NOVP as of Nov 4, 2026 $421m $43m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

DOCT resets first, on Oct 15, 2027, 345 days from now; NOVP runs to Oct 31, 2027, 361 days. DOCT can still gain 12.9% before its cap, NOVP 14.8%. A fall from here reaches DOCT’s buffer after 6.2% and NOVP’s after 1.5%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DOCT

From its price on Nov 4, 2026, the fund can gain about 12.9% more before it reaches its cap. The fund's price can fall 6.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 5.4% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 345 days remained on Nov 4, 2026. On Oct 15, 2027 the period ends and a new cap is set.

NOVP

From its price on Nov 4, 2026, the fund can gain about 14.8% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 361 days remained on Nov 4, 2026. On Oct 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DOCT or NOVP?
From their prices on Nov 4, 2026, DOCT can gain about 12.9% before its cap and NOVP about 14.8%, so NOVP has more room left this period.
Which resets first, DOCT or NOVP?
DOCT ends its outcome period on Oct 15, 2027 and NOVP on Oct 31, 2027. A new cap is set the day after each.
Which is cheaper, DOCT or NOVP?
DOCT charges 0.85% a year and NOVP charges 0.50%, so NOVP is cheaper. Fees come from each fund's prospectus.
Other comparisons
DOCT vs OCTMDOCT vs PBNVDOCT vs XOCTDOCT vs CPSNNOVP vs NVBWNOVP vs OCTMNOVP vs PBNVNOVP vs NVBU
Where to next
State Street® SPDR® S&P 500® ETF Trust →DOCT on its own →NOVP on its own →Method →Standards and sources →
Sources and dates
DOCT filings on SEC EDGAR ↗
First Trust page for DOCT ↗
NOVP filings on SEC EDGAR ↗
PGIM website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DOCT against NOVP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/doct-vs-novp

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.