MMMA vs NOVM

Comparison between NYLI MACKAY MUNI ALLOCATION ETF (MMMA, ETF) and FT VEST U.S. EQUITY MAX BUFFER ETF - NOVEMBER (NOVM, ETF).

MMMA vs NOVM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMMA(ETF)	NOVM(ETF)
Net Assets	$28M	$28M
Expense Ratio	0.35%	0.85%
Max Drawdown	3.11%	3.26%
Sharpe Ratio	0.85	1.87
5Y Beta	0.11	0.16

Net Assets

MMMA

$28M

NOVM

$28M

Expense Ratio

Winner

MMMA

0.35%

NOVM

0.85%

Max Drawdown

Winner

MMMA

3.11%

NOVM

3.26%

Sharpe Ratio

MMMA

0.85

Winner

NOVM

1.87

5Y Beta

Winner

MMMA

0.11

NOVM

0.16

MMMA vs NOVM - Historical Returns

Returns include dividend reinvestment.

Period	MMMA	NOVM
1 month	+0.79%	+0.39%
3 months	+1.56%	+2.39%
6 months	+3.50%	+2.68%
1 year	N/A	+7.87%
Max(CAGR)	+7.32%	+6.50%

Winner

MMMA

+0.79%

NOVM

+0.39%

MMMA

+1.56%

Winner

NOVM

+2.39%

Winner

MMMA

+3.50%

NOVM

+2.68%

MMMA

N/A

NOVM

+7.87%

Max(CAGR)

Winner

MMMA

+7.32%

NOVM

+6.50%

MMMA vs NOVM - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	MMMA	NOVM
2026	+2.98%	+2.34%
2025	+0.33%	+7.49%
2024	N/A	+0.23%

MMMA vs NOVM Drawdown Comparison

The maximum drawdown for MMMA was -2.79%, occurring on Mar 24, 2026. Recovery took 66 trading sessions.

The maximum drawdown for NOVM was -3.26%, occurring on Apr 4, 2025. Recovery took 62 trading sessions.

The current MMMA drawdown is -0.14%. The current NOVM drawdown is -0.18%.

Rank	MMMA	NOVM
#1	-2.79% Feb 26, 2026 - Jun 2, 2026	-3.26% Feb 19, 2025 - May 19, 2025
#2	-0.36% Jan 21, 2026 - Jan 27, 2026	-1.48% Feb 25, 2026 - Apr 9, 2026
#3	-0.36% Jun 4, 2026 - Jun 10, 2026	-0.81% Dec 16, 2024 - Jan 17, 2025
#4	-0.31% Jan 14, 2026 - Jan 21, 2026	-0.62% May 19, 2025 - Jun 3, 2025
#5	-0.24% Feb 10, 2026 - Feb 12, 2026	-0.45% Jun 2, 2026 - Jun 10, 2026
#6	-0.21% Dec 24, 2025 - Dec 29, 2025	-0.44% Jul 28, 2025 - Aug 8, 2025
#7	-0.20% Jan 7, 2026 - Jan 9, 2026	-0.38% Feb 2, 2026 - Feb 9, 2026
#8	-0.18% Jan 9, 2026 - Jan 14, 2026	-0.37% Jan 12, 2026 - Jan 26, 2026
#9	-0.11% Jun 2, 2026 - Jun 4, 2026	-0.35% Oct 9, 2025 - Oct 17, 2025
#10	-0.10% Feb 5, 2026 - Feb 9, 2026	-0.34% Dec 11, 2025 - Dec 19, 2025
#11	-0.06% Dec 30, 2025 - Jan 2, 2026	-0.29% Feb 9, 2026 - Feb 25, 2026
#12	-0.03% Jan 2, 2026 - Jan 6, 2026	-0.28% Jan 23, 2025 - Feb 6, 2025
#13	-0.03% Dec 18, 2025 - Dec 22, 2025	-0.26% Jun 12, 2025 - Jun 16, 2025
#14	-0.02% Dec 16, 2025 - Dec 18, 2025	-0.24% Aug 18, 2025 - Aug 22, 2025
#15	-0.02% Feb 19, 2026 - Feb 23, 2026	-0.23% Dec 6, 2024 - Dec 16, 2024