NOVM vs TMET
Comparison between FT VEST U.S. EQUITY MAX BUFFER ETF - NOVEMBER (NOVM, ETF) and ISHARES TRANSITION-ENABLING METALS ETF (TMET, ETF).
NOVM vs TMET - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NOVM
$28M
Winner
TMET
$28M
Expense Ratio
NOVM
0.85%
Winner
TMET
0.47%
Max Drawdown
NOVM
3.26%
TMET
N/A
Sharpe Ratio
NOVM
1.87
TMET
N/A
5Y Beta
NOVM
0.16
Winner
TMET
0.00
NOVM vs TMET - Historical Returns
Returns include dividend reinvestment.
1M
NOVM
+0.39%
TMET
N/A
3M
NOVM
+2.39%
TMET
N/A
6M
NOVM
+2.68%
TMET
N/A
1Y
NOVM
+7.87%
TMET
N/A
Max(CAGR)
NOVM
+6.50%
TMET
N/A
NOVM vs TMET - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | NOVM | TMET |
|---|---|---|
| 2026 | +2.34% | +0.00% |
| 2025 | +7.49% | N/A |
| 2024 | +0.23% | N/A |
NOVM vs TMET Drawdown Comparison
The maximum drawdown for NOVM was -3.26%, occurring on Apr 4, 2025. Recovery took 62 trading sessions.
The current NOVM drawdown is -0.18%.
| Rank | NOVM | TMET |
|---|---|---|
| #1 | -3.26% Feb 19, 2025 - May 19, 2025 | N/A |
| #2 | -1.48% Feb 25, 2026 - Apr 9, 2026 | N/A |
| #3 | -0.81% Dec 16, 2024 - Jan 17, 2025 | N/A |
| #4 | -0.62% May 19, 2025 - Jun 3, 2025 | N/A |
| #5 | -0.45% Jun 2, 2026 - Jun 10, 2026 | N/A |
| #6 | -0.44% Jul 28, 2025 - Aug 8, 2025 | N/A |
| #7 | -0.38% Feb 2, 2026 - Feb 9, 2026 | N/A |
| #8 | -0.37% Jan 12, 2026 - Jan 26, 2026 | N/A |
| #9 | -0.35% Oct 9, 2025 - Oct 17, 2025 | N/A |
| #10 | -0.34% Dec 11, 2025 - Dec 19, 2025 | N/A |
| #11 | -0.29% Feb 9, 2026 - Feb 25, 2026 | N/A |
| #12 | -0.28% Jan 23, 2025 - Feb 6, 2025 | N/A |
| #13 | -0.26% Jun 12, 2025 - Jun 16, 2025 | N/A |
| #14 | -0.24% Aug 18, 2025 - Aug 22, 2025 | N/A |
| #15 | -0.23% Dec 6, 2024 - Dec 16, 2024 | N/A |
Correlation
Correlation between NOVM and TMET is 0.00 which considered as a very weak or no correlation - the stocks move independently of each other.
0.00
-101
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