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SNOV · FT Vest U.S. Small Cap Moderate Buffer ETF - November

First Trust · Buffer desk

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IWM had already risen past this fund's cap of +18.4% 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 2.0% as the period runs out. The fund's price can fall 14.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IWM can fall 20.4% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's IWM level. 77 days remained on Sep 4, 2026. On Nov 20, 2026 the period ends and a new cap is set.

SNOV (FT Vest U.S. Small Cap Moderate Buffer ETF - November), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference indexIWM
Buffer
Outcome periodNov 24, 2025 to Nov 20, 2026
Starting cap+18.4%
IWM return since period start+25.6%
Fund return since period start+15.2%
Band state today (ETFIQ)At cap
Can still gain (issuer, fund price)2.0%
Fall before buffer (issuer, fund price)14.0%
Fall to the buffer in index terms (ETFIQ)20.4%
Protection left in index points (ETFIQ)15.0% of 15.0%
Days left in period77
Expense ratio0.90%

Questions people ask

How much can SNOV still gain?
Nothing more in index terms on Sep 4, 2026. IWM has already passed the cap of +18.4% for this period, which runs from Nov 24, 2025 to Nov 20, 2026.
How far can SNOV fall before the buffer helps?
14.0% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms IWM can fall 20.4% from that level before the buffer begins. Losses until that point are the holder's.
How much of the SNOV buffer is left?
15.0% of the 15.0% buffer sat below the IWM level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does SNOV 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 SNOV cost?
The prospectus expense ratio is 0.90% 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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SNOV outcome band, ETFIQ

<a href="https://etfiq.com/funds/SNOV.html"><img src="https://etfiq.com/embed/buffer/SNOV.svg" alt="SNOV outcome band, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/SNOV.html">SNOV outcome band, updated daily by ETFIQ</a></p>

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

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