NOVP vs OGSP
Comparison between PGIM S&P 500 BUFFER 12 ETF - NOVEMBER (NOVP, ETF) and OBRA HIGH GRADE STRUCTURED PRODUCTS ETF (OGSP, ETF).
NOVP vs OGSP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NOVP
$29M
Winner
OGSP
$29M
Expense Ratio
Winner
NOVP
0.50%
OGSP
0.64%
Max Drawdown
NOVP
11.79%
Winner
OGSP
2.25%
Sharpe Ratio
Winner
NOVP
1.42
OGSP
0.78
5Y Beta
NOVP
0.56
Winner
OGSP
-0.01
NOVP vs OGSP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOVP
+0.58%
OGSP
+0.43%
3M
Winner
NOVP
+7.53%
OGSP
+1.23%
6M
Winner
NOVP
+6.65%
OGSP
+2.38%
1Y
Winner
NOVP
+15.12%
OGSP
+5.36%
Max(CAGR)
Winner
NOVP
+13.29%
OGSP
+6.04%
NOVP vs OGSP - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | NOVP | OGSP |
|---|---|---|
| 2026 | +6.00% | +1.84% |
| 2025 | +12.20% | +6.11% |
| 2024 | +8.67% | +5.00% |
NOVP vs OGSP Drawdown Comparison
The maximum drawdown for NOVP was -11.79%, occurring on Apr 8, 2025. Recovery took 76 trading sessions.
The maximum drawdown for OGSP was -0.82%, occurring on Apr 9, 2025. Recovery took 16 trading sessions.
The current NOVP drawdown is -1.06%. The current OGSP drawdown is -0.10%.
| Rank | NOVP | OGSP |
|---|---|---|
| #1 | -11.79% Feb 19, 2025 - Jun 9, 2025 | -0.82% Apr 4, 2025 - Apr 29, 2025 |
| #2 | -5.74% Feb 2, 2026 - Apr 14, 2026 | -0.60% Apr 17, 2024 - Apr 23, 2024 |
| #3 | -3.76% Jul 16, 2024 - Aug 19, 2024 | -0.50% Jul 21, 2025 - Jul 31, 2025 |
| #4 | -2.58% Nov 12, 2025 - Nov 28, 2025 | -0.47% Oct 4, 2024 - Oct 16, 2024 |
| #5 | -2.28% Jun 2, 2026 - Jun 10, 2026 | -0.44% Nov 18, 2025 - Dec 17, 2025 |
| #6 | -1.85% Dec 4, 2024 - Jan 21, 2025 | -0.44% Aug 20, 2025 - Sep 11, 2025 |
| #7 | -1.81% Aug 30, 2024 - Sep 13, 2024 | -0.43% Feb 18, 2026 - Apr 9, 2026 |
| #8 | -1.63% Jan 12, 2026 - Jan 27, 2026 | -0.40% Apr 26, 2024 - May 3, 2024 |
| #9 | -1.54% Dec 11, 2025 - Dec 22, 2025 | -0.40% May 19, 2025 - Jun 6, 2025 |
| #10 | -1.24% Nov 8, 2024 - Nov 26, 2024 | -0.35% Oct 14, 2025 - Oct 23, 2025 |
| #11 | -1.22% Jul 28, 2025 - Aug 8, 2025 | -0.33% Oct 23, 2025 - Nov 18, 2025 |
| #12 | -1.10% Jan 23, 2025 - Feb 13, 2025 | -0.30% Oct 16, 2024 - Nov 18, 2024 |
| #13 | -1.02% Nov 3, 2025 - Nov 10, 2025 | -0.30% Jun 10, 2025 - Jun 25, 2025 |
| #14 | -0.94% Oct 8, 2025 - Oct 20, 2025 | -0.30% Jan 8, 2026 - Jan 30, 2026 |
| #15 | -0.85% May 14, 2026 - May 26, 2026 | -0.30% Sep 12, 2024 - Sep 23, 2024 |
Correlation
Correlation between NOVP and OGSP is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
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