NOVZ vs FEBP

Comparison between TrueShares Structured Outcome (November) ETF (NOVZ, ETF) and PGIM S&P 500 BUFFER 12 ETF - FEBRUARY (FEBP, ETF).

NOVZ vs FEBP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOVZ(ETF)	FEBP(ETF)
Net Assets	$21M	$21M
Expense Ratio	0.79%	0.50%
Max Drawdown	16.96%	12.11%
Sharpe Ratio	1.46	1.79
5Y Beta	0.74	0.54

Net Assets

NOVZ

$21M

Winner

FEBP

$21M

Expense Ratio

NOVZ

0.79%

Winner

FEBP

0.50%

Max Drawdown

NOVZ

16.96%

Winner

FEBP

12.11%

Sharpe Ratio

NOVZ

1.46

Winner

FEBP

1.79

5Y Beta

NOVZ

0.74

Winner

FEBP

0.54

NOVZ vs FEBP - Historical Returns

Returns include dividend reinvestment.

Period	NOVZ	FEBP
1 month	+1.72%	+1.13%
3 months	+6.48%	+5.01%
6 months	+6.08%	+6.64%
1 year	+19.20%	+17.79%
5 years(CAGR)	+10.99%	N/A
Max(CAGR)	+13.69%	+13.20%

Winner

NOVZ

+1.72%

FEBP

+1.13%

Winner

NOVZ

+6.48%

FEBP

+5.01%

NOVZ

+6.08%

Winner

FEBP

+6.64%

Winner

NOVZ

+19.20%

FEBP

+17.79%

5Y(CAGR)

NOVZ

+10.99%

FEBP

N/A

Max(CAGR)

Winner

NOVZ

+13.69%

FEBP

+13.20%

NOVZ vs FEBP - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	NOVZ	FEBP
2026	+6.42%	+5.65%
2025	+13.16%	+12.14%
2024	+19.69%	+12.73%
2023	+18.35%	N/A
2022	-9.93%	N/A
2021	+22.93%	N/A
2020	+10.30%	N/A

NOVZ vs FEBP Drawdown Comparison

The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.

The maximum drawdown for FEBP was -12.11%, occurring on Apr 8, 2025. Recovery took 86 trading sessions.

The current NOVZ drawdown is -2.20%. The current FEBP drawdown is -1.17%.

Rank	NOVZ	FEBP
#1	-16.62% Dec 29, 2021 - Jun 15, 2023	-12.11% Feb 19, 2025 - Jun 24, 2025
#2	-14.63% Feb 19, 2025 - Jun 27, 2025	-5.47% Feb 2, 2026 - Apr 14, 2026
#3	-8.30% Jul 31, 2023 - Dec 8, 2023	-3.85% Jul 16, 2024 - Aug 16, 2024
#4	-7.19% Jul 16, 2024 - Sep 19, 2024	-2.60% Mar 28, 2024 - May 7, 2024
#5	-6.72% Jan 12, 2026 - Apr 15, 2026	-2.05% Nov 12, 2025 - Nov 26, 2025
#6	-4.53% Sep 3, 2021 - Oct 20, 2021	-1.72% Aug 30, 2024 - Sep 16, 2024
#7	-4.50% Mar 28, 2024 - May 15, 2024	-1.53% Oct 8, 2025 - Oct 20, 2025
#8	-3.90% Oct 29, 2025 - Dec 23, 2025	-1.37% Jul 28, 2025 - Aug 8, 2025
#9	-3.57% Feb 12, 2021 - Mar 11, 2021	-1.17% Jun 2, 2026 - Jun 5, 2026
#10	-3.50% Dec 6, 2024 - Jan 23, 2025	-1.00% Jan 16, 2026 - Jan 22, 2026
#11	-3.46% May 7, 2021 - Jun 11, 2021	-1.00% Dec 11, 2025 - Dec 22, 2025
#12	-3.14% Nov 18, 2021 - Dec 23, 2021	-0.88% Oct 29, 2025 - Nov 12, 2025
#13	-2.89% Jan 21, 2021 - Feb 4, 2021	-0.86% Feb 9, 2024 - Feb 15, 2024
#14	-2.51% Jul 12, 2021 - Jul 23, 2021	-0.86% Aug 14, 2025 - Aug 22, 2025
#15	-2.47% Oct 14, 2024 - Nov 6, 2024	-0.79% Oct 22, 2024 - Nov 6, 2024