# GNOV (FT Vest U.S. Equity Moderate Buffer ETF - November)

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

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

## Key facts

- GNOV, past the cap, price drift left: 2.0%, as of Sep 11, 2026.
- GNOV, fall before the buffer: 10.0%, as of Sep 11, 2026.
- GNOV, protection left, index points: 15.0%, as of Sep 11, 2026.
- GNOV, days to reset: 70, as of Sep 11, 2026.
- GNOV, net assets: $297m (issuer page, as of Sep 11, 2026).
- GNOV, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## GNOV over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.8% | +3.3% | −0.5 pts |
| 6 months | +9.1% | +16.0% | −6.9 pts |
| 1 year | +12.9% | +17.5% | −4.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Nov 24, 2025 to Nov 20, 2026 | ETFIQ |
| Starting cap | +13.3% | ETFIQ |
| SPY return since period start | +16.0% | ETFIQ |
| Fund return since period start | +10.2% | ETFIQ |
| Net assets | $297m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 2.0% | issuer, fund price |
| Fall before buffer | 10.0% | issuer, fund price |
| Fall to the buffer in index terms | 13.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 70 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can GNOV still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +13.3% for this period, which runs from Nov 24, 2025 to Nov 20, 2026.

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

10.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 13.8% from that level before the buffer begins. Losses until that point are the holder's.

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

15.0% of the 15.0% 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 GNOV 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 GNOV cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

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

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