DLNV vs FMQQ

Comparison between FT VEST U.S. EQUITY DUAL DIRECTIONAL BUFFER ETF - NOVEMBER (DLNV, ETF) and FMQQ THE NEXT FRONTIER INTERNET ETF (FMQQ, ETF).

DLNV vs FMQQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DLNV(ETF)	FMQQ(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.85%	0.86%
Max Drawdown	4.83%	64.51%
Sharpe Ratio	1.14	-1.39
5Y Beta	0.53	0.86

Net Assets

Winner

DLNV

$20M

FMQQ

$20M

Expense Ratio

Winner

DLNV

0.85%

FMQQ

0.86%

Max Drawdown

Winner

DLNV

4.83%

FMQQ

64.51%

Sharpe Ratio

Winner

DLNV

1.14

FMQQ

-1.39

5Y Beta

Winner

DLNV

0.53

FMQQ

0.86

DLNV vs FMQQ - Historical Returns

Returns include dividend reinvestment.

Period	DLNV	FMQQ
1 month	+0.58%	-0.93%
3 months	+6.02%	-0.47%
6 months	+5.50%	-19.17%
1 year	N/A	-21.07%
5 years(CAGR)	N/A	-15.38%
Max(CAGR)	+12.61%	-15.38%

Winner

DLNV

+0.58%

FMQQ

-0.93%

Winner

DLNV

+6.02%

FMQQ

-0.47%

Winner

DLNV

+5.50%

FMQQ

-19.17%

DLNV

N/A

FMQQ

-21.07%

5Y(CAGR)

DLNV

N/A

FMQQ

-15.38%

Max(CAGR)

Winner

DLNV

+12.61%

FMQQ

-15.38%

DLNV vs FMQQ - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	DLNV	FMQQ
2026	+4.91%	-19.08%
2025	+1.73%	+8.74%
2024	N/A	+14.13%
2023	N/A	+16.04%
2022	N/A	-54.27%
2021	N/A	-15.21%

DLNV vs FMQQ Drawdown Comparison

The maximum drawdown for DLNV was -4.83%, occurring on Mar 30, 2026. Recovery took 48 trading sessions.

The maximum drawdown for FMQQ was -64.51%, occurring on Oct 14, 2022. This drawdown has not yet recovered.

The current DLNV drawdown is -0.58%. The current FMQQ drawdown is -55.93%.

Rank	DLNV	FMQQ
#1	-4.83% Feb 2, 2026 - Apr 13, 2026	-64.51% Oct 19, 2021 - Oct 14, 2022
#2	-1.39% Jun 4, 2026 - Jun 10, 2026	-3.78% Oct 1, 2021 - Oct 15, 2021
#3	-1.29% Jan 12, 2026 - Jan 27, 2026	-0.37% Sep 28, 2021 - Sep 30, 2021
#4	-1.08% Dec 11, 2025 - Dec 22, 2025	N/A
#5	-0.49% Dec 26, 2025 - Jan 6, 2026	N/A
#6	-0.48% Apr 17, 2026 - Apr 22, 2026	N/A
#7	-0.44% May 14, 2026 - May 21, 2026	N/A
#8	-0.43% Jan 27, 2026 - Feb 2, 2026	N/A
#9	-0.35% Dec 5, 2025 - Dec 10, 2025	N/A
#10	-0.32% Nov 28, 2025 - Dec 3, 2025	N/A
#11	-0.21% May 1, 2026 - May 5, 2026	N/A
#12	-0.19% Apr 27, 2026 - Apr 30, 2026	N/A
#13	-0.18% Jan 6, 2026 - Jan 9, 2026	N/A
#14	-0.16% Dec 3, 2025 - Dec 5, 2025	N/A
#15	-0.14% Apr 22, 2026 - Apr 24, 2026	N/A

Correlation

Correlation between DLNV and FMQQ is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.48

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