FMQQ vs DLNV

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

FMQQ vs DLNV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

FMQQ

$20M

Winner

DLNV

$20M

Expense Ratio

FMQQ

0.86%

Winner

DLNV

0.85%

Max Drawdown

FMQQ

64.51%

Winner

DLNV

4.83%

Sharpe Ratio

FMQQ

-1.39

Winner

DLNV

1.14

5Y Beta

FMQQ

0.86

Winner

DLNV

0.53

FMQQ vs DLNV - Historical Returns

Returns include dividend reinvestment.

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

FMQQ

-0.93%

Winner

DLNV

+0.58%

FMQQ

-0.47%

Winner

DLNV

+6.02%

FMQQ

-19.17%

Winner

DLNV

+5.50%

FMQQ

-21.07%

DLNV

N/A

5Y(CAGR)

FMQQ

-15.38%

DLNV

N/A

Max(CAGR)

FMQQ

-15.38%

Winner

DLNV

+12.61%

FMQQ vs DLNV - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

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

FMQQ vs DLNV Drawdown Comparison

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

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

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

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

Correlation

Correlation between FMQQ and DLNV 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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