How much can FNOV still gain?

Nothing more in index terms on Sep 4, 2026. SPY has already passed the cap of +16.6% for this period, which runs from Nov 24, 2025 to Nov 20, 2026.

How far can FNOV fall before the buffer helps?

12.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 14.4% from that level before the buffer begins. Losses until that point are the holder's.

How much of the FNOV buffer is left?

10.0% of the 10.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

When does FNOV reset?

The outcome period ends on Nov 20, 2026, 77 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.

The prospectus expense ratio is 0.85% a year.

Data as of Sep 4, 2026. Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page.

FNOV · FT Vest U.S. Equity Buffer ETF - November

Name: ETFIQ buffer desk record for FNOV
Creator: ETFIQ
License: https://etfiq.com/standards/

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SPY had already risen past this fund's cap of +16.6% for the period on Sep 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.7% as the period runs out. The fund's price can fall 12.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 14.4% 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 SPY level. 77 days remained on Sep 4, 2026. On Nov 20, 2026 the period ends and a new cap is set.

FNOV (FT Vest U.S. Equity Buffer ETF - November), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference index	SPY
Buffer
Outcome period	Nov 24, 2025 to Nov 20, 2026
Starting cap	+16.6%
SPY return since period start	+16.9%
Fund return since period start	+12.7%
Band state today (ETFIQ)	At cap
Can still gain (issuer, fund price)	2.7%
Fall before buffer (issuer, fund price)	12.1%
Fall to the buffer in index terms (ETFIQ)	14.4%
Protection left in index points (ETFIQ)	10.0% of 10.0%
Days left in period	77
Expense ratio	0.85%

Questions people ask

How much can FNOV still gain?: Nothing more in index terms on Sep 4, 2026. SPY has already passed the cap of +16.6% for this period, which runs from Nov 24, 2025 to Nov 20, 2026.
How far can FNOV fall before the buffer helps?: 12.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 14.4% from that level before the buffer begins. Losses until that point are the holder's.
How much of the FNOV buffer is left?: 10.0% of the 10.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does FNOV reset?: The outcome period ends on Nov 20, 2026, 77 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
What does FNOV cost?: The prospectus expense ratio is 0.85% a year.

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.

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FNOV outcome band, ETFIQ

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<p><a href="https://etfiq.com/funds/FNOV.html">FNOV outcome band, updated daily by ETFIQ</a></p>

Cite this page. ETFIQ, FNOV on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/FNOV.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; sort orders and figures are stated arithmetic on published data. Standards · How to read this desk