NOVZ vs MRCP
Comparison between TrueShares Structured Outcome (November) ETF (NOVZ, ETF) and PGIM S&P 500 BUFFER 12 ETF - MARCH (MRCP, ETF).
NOVZ vs MRCP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NOVZ
$21M
MRCP
$21M
Expense Ratio
NOVZ
0.79%
Winner
MRCP
0.50%
Max Drawdown
NOVZ
16.96%
Winner
MRCP
10.73%
Sharpe Ratio
NOVZ
1.46
Winner
MRCP
1.95
5Y Beta
NOVZ
0.74
Winner
MRCP
0.56
NOVZ vs MRCP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOVZ
+1.72%
MRCP
+1.08%
3M
Winner
NOVZ
+6.48%
MRCP
+4.79%
6M
NOVZ
+6.08%
Winner
MRCP
+7.14%
1Y
Winner
NOVZ
+19.20%
MRCP
+17.45%
5Y(CAGR)
NOVZ
+10.99%
MRCP
N/A
Max(CAGR)
NOVZ
+13.69%
Winner
MRCP
+14.29%
NOVZ vs MRCP - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | NOVZ | MRCP |
|---|---|---|
| 2026 | +6.42% | +6.21% |
| 2025 | +13.16% | +14.13% |
| 2024 | +19.69% | +11.42% |
| 2023 | +18.35% | N/A |
| 2022 | -9.93% | N/A |
| 2021 | +22.93% | N/A |
| 2020 | +10.30% | N/A |
NOVZ vs MRCP Drawdown Comparison
The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.
The maximum drawdown for MRCP was -10.73%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current NOVZ drawdown is -2.20%. The current MRCP drawdown is -1.04%.
| Rank | NOVZ | MRCP |
|---|---|---|
| #1 | -16.62% Dec 29, 2021 - Jun 15, 2023 | -10.73% Feb 28, 2025 - May 16, 2025 |
| #2 | -14.63% Feb 19, 2025 - Jun 27, 2025 | -4.81% Mar 2, 2026 - Apr 13, 2026 |
| #3 | -8.30% Jul 31, 2023 - Dec 8, 2023 | -4.79% Jul 16, 2024 - Aug 19, 2024 |
| #4 | -7.19% Jul 16, 2024 - Sep 19, 2024 | -3.12% Mar 27, 2024 - May 9, 2024 |
| #5 | -6.72% Jan 12, 2026 - Apr 15, 2026 | -2.42% Aug 30, 2024 - Sep 19, 2024 |
| #6 | -4.53% Sep 3, 2021 - Oct 20, 2021 | -1.68% Nov 11, 2025 - Nov 26, 2025 |
| #7 | -4.50% Mar 28, 2024 - May 15, 2024 | -1.63% May 19, 2025 - Jun 3, 2025 |
| #8 | -3.90% Oct 29, 2025 - Dec 23, 2025 | -1.25% Dec 26, 2024 - Jan 17, 2025 |
| #9 | -3.57% Feb 12, 2021 - Mar 11, 2021 | -1.23% Oct 8, 2025 - Oct 20, 2025 |
| #10 | -3.50% Dec 6, 2024 - Jan 23, 2025 | -1.20% Dec 16, 2024 - Dec 24, 2024 |
| #11 | -3.46% May 7, 2021 - Jun 11, 2021 | -1.19% Jul 28, 2025 - Aug 8, 2025 |
| #12 | -3.14% Nov 18, 2021 - Dec 23, 2021 | -1.04% Jun 2, 2026 - Jun 5, 2026 |
| #13 | -2.89% Jan 21, 2021 - Feb 4, 2021 | -0.99% Feb 19, 2025 - Feb 28, 2025 |
| #14 | -2.51% Jul 12, 2021 - Jul 23, 2021 | -0.96% Feb 11, 2026 - Feb 18, 2026 |
| #15 | -2.47% Oct 14, 2024 - Nov 6, 2024 | -0.95% Feb 2, 2026 - Feb 9, 2026 |
Correlation
Correlation between NOVZ and MRCP is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
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