# DNOV (FT Vest U.S. Equity Deep Buffer ETF - November)

First Trust · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, DNOV has reached its cap.

## Key facts

- DNOV, past the cap, price drift left: 2.0%, as of Sep 11, 2026.
- DNOV, fall before the buffer: 14.3%, as of Sep 11, 2026.
- DNOV, protection left, index points: 25.0%, as of Sep 11, 2026.
- DNOV, days to reset: 70, as of Sep 11, 2026.
- DNOV, net assets: $404m (issuer page, as of Sep 11, 2026).
- DNOV, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## DNOV over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.9% | +3.3% | −0.4 pts |
| 6 months | +8.9% | +16.0% | −7.1 pts |
| 1 year | +12.9% | +17.5% | −4.6 pts |
| 3 years | +43.0% | +77.9% | −34.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 5% to 30% | ETFIQ |
| Outcome period | Nov 24, 2025 to Nov 20, 2026 | ETFIQ |
| Starting cap | +12.9% | ETFIQ |
| SPY return since period start | +16.0% | ETFIQ |
| Fund return since period start | +9.9% | ETFIQ |
| Net assets | $404m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 2.0% | issuer, fund price |
| Fall before buffer | 14.3% | issuer, fund price |
| Fall to the buffer in index terms | 18.1% | ETFIQ |
| Protection left in index points | 25.0% of 25.0% | ETFIQ |
| Days left in period | 70 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can DNOV still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +12.9% for this period, which runs from Nov 24, 2025 to Nov 20, 2026.

### How far can DNOV fall before the buffer helps?

14.3% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 18.1% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the DNOV buffer is left?

25.0% of the 25.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does DNOV reset?

The outcome period ends on Nov 20, 2026, 70 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does DNOV cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

ETFIQ, DNOV, data as of Sep 11, 2026. https://etfiq.com/funds/dnov
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/dnov  ·  JSON: https://etfiq.com/funds/dnov.json