NOVM vs MMMA
Comparison between FT VEST U.S. EQUITY MAX BUFFER ETF - NOVEMBER (NOVM, ETF) and NYLI MACKAY MUNI ALLOCATION ETF (MMMA, ETF).
NOVM vs MMMA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NOVM
$28M
Winner
MMMA
$28M
Expense Ratio
NOVM
0.85%
Winner
MMMA
0.35%
Max Drawdown
NOVM
3.26%
Winner
MMMA
3.11%
Sharpe Ratio
Winner
NOVM
1.99
MMMA
0.87
5Y Beta
NOVM
0.16
Winner
MMMA
0.11
NOVM vs MMMA - Historical Returns
Returns include dividend reinvestment.
1M
NOVM
+0.31%
Winner
MMMA
+0.42%
3M
Winner
NOVM
+2.05%
MMMA
+0.62%
6M
NOVM
+2.65%
Winner
MMMA
+3.37%
1Y
NOVM
+8.10%
MMMA
N/A
Max(CAGR)
NOVM
+6.53%
Winner
MMMA
+7.20%
NOVM vs MMMA - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | NOVM | MMMA |
|---|---|---|
| 2026 | +2.32% | +2.85% |
| 2025 | +7.49% | +0.33% |
| 2024 | +0.23% | N/A |
NOVM vs MMMA Drawdown Comparison
The maximum drawdown for NOVM was -3.26%, occurring on Apr 4, 2025. Recovery took 62 trading sessions.
The maximum drawdown for MMMA was -2.79%, occurring on Mar 24, 2026. Recovery took 66 trading sessions.
The current NOVM drawdown is -0.20%. The current MMMA drawdown is -0.27%.
| Rank | NOVM | MMMA |
|---|---|---|
| #1 | -3.26% Feb 19, 2025 - May 19, 2025 | -2.79% Feb 26, 2026 - Jun 2, 2026 |
| #2 | -1.48% Feb 25, 2026 - Apr 9, 2026 | -0.36% Jan 21, 2026 - Jan 27, 2026 |
| #3 | -0.81% Dec 16, 2024 - Jan 17, 2025 | -0.31% Jan 14, 2026 - Jan 21, 2026 |
| #4 | -0.62% May 19, 2025 - Jun 3, 2025 | -0.27% Jun 4, 2026 - Jun 8, 2026 |
| #5 | -0.44% Jul 28, 2025 - Aug 8, 2025 | -0.24% Feb 10, 2026 - Feb 12, 2026 |
| #6 | -0.38% Feb 2, 2026 - Feb 9, 2026 | -0.21% Dec 24, 2025 - Dec 29, 2025 |
| #7 | -0.37% Jan 12, 2026 - Jan 26, 2026 | -0.20% Jan 7, 2026 - Jan 9, 2026 |
| #8 | -0.35% Oct 9, 2025 - Oct 17, 2025 | -0.18% Jan 9, 2026 - Jan 14, 2026 |
| #9 | -0.34% Dec 11, 2025 - Dec 19, 2025 | -0.11% Jun 2, 2026 - Jun 4, 2026 |
| #10 | -0.29% Feb 9, 2026 - Feb 25, 2026 | -0.10% Feb 5, 2026 - Feb 9, 2026 |
| #11 | -0.28% Jan 23, 2025 - Feb 6, 2025 | -0.06% Dec 30, 2025 - Jan 2, 2026 |
| #12 | -0.26% Jun 12, 2025 - Jun 16, 2025 | -0.03% Jan 2, 2026 - Jan 6, 2026 |
| #13 | -0.25% Jun 2, 2026 - Jun 5, 2026 | -0.03% Dec 18, 2025 - Dec 22, 2025 |
| #14 | -0.24% Aug 18, 2025 - Aug 22, 2025 | -0.02% Dec 16, 2025 - Dec 18, 2025 |
| #15 | -0.23% Dec 6, 2024 - Dec 16, 2024 | -0.02% Feb 19, 2026 - Feb 23, 2026 |
Correlation
Correlation between NOVM and MMMA is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
0.76
-101
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