NVBW vs AFSM

Comparison between ALLIANZIM U.S. EQUITY BUFFER20 NOV ETF (NVBW, ETF) and FIRST TRUST ACTIVE FACTOR SMALL CAP ETF (AFSM, ETF).

NVBW vs AFSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NVBW(ETF)	AFSM(ETF)
Net Assets	$99M	$99M
Expense Ratio	0.74%	0.75%
Max Drawdown	8.41%	43.54%
Sharpe Ratio	1.38	1.40
5Y Beta	0.38	1.03
P/E Ratio	N/A	20.53
Forward P/E	N/A	13.07
5Y Dividends CAGR	N/A	14.72%
5Y EPS CAGR	N/A	11.71%
Debt to Equity	N/A	-18.16%
P/S Ratio	N/A	1.15
P/B Ratio	N/A	2.22

Net Assets

Winner

NVBW

$99M

AFSM

$99M

Expense Ratio

Winner

NVBW

0.74%

AFSM

0.75%

Max Drawdown

Winner

NVBW

8.41%

AFSM

43.54%

Sharpe Ratio

NVBW

1.38

Winner

AFSM

1.40

5Y Beta

Winner

NVBW

0.38

AFSM

1.03

P/E Ratio

NVBW

N/A

AFSM

20.53

Forward P/E

NVBW

N/A

AFSM

13.07

5Y Dividends CAGR

NVBW

N/A

AFSM

14.72%

5Y EPS CAGR

NVBW

N/A

AFSM

11.71%

Debt to Equity

NVBW

N/A

AFSM

-18.16%

P/S Ratio

NVBW

N/A

AFSM

1.15

P/B Ratio

NVBW

N/A

AFSM

2.22

NVBW vs AFSM - Historical Returns

Returns include dividend reinvestment.

Period	NVBW	AFSM
1 month	+0.54%	+5.09%
3 months	+5.41%	+21.46%
6 months	+5.05%	+17.45%
1 year	+11.25%	+34.37%
5 years(CAGR)	N/A	+9.09%
Max(CAGR)	+10.01%	+11.74%

NVBW

+0.54%

Winner

AFSM

+5.09%

NVBW

+5.41%

Winner

AFSM

+21.46%

NVBW

+5.05%

Winner

AFSM

+17.45%

NVBW

+11.25%

Winner

AFSM

+34.37%

5Y(CAGR)

NVBW

N/A

AFSM

+9.09%

Max(CAGR)

NVBW

+10.01%

Winner

AFSM

+11.74%

NVBW vs AFSM - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	NVBW	AFSM
2026	+4.56%	+19.60%
2025	+9.47%	+9.99%
2024	+9.21%	+10.93%
2023	+12.73%	+22.85%
2022	+0.54%	-17.86%
2021	N/A	+27.36%
2020	N/A	+8.73%
2019	N/A	+2.63%

NVBW vs AFSM Drawdown Comparison

The maximum drawdown for NVBW was -8.41%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.

The maximum drawdown for AFSM was -43.54%, occurring on Mar 23, 2020. Recovery took 224 trading sessions.

The current NVBW drawdown is -0.63%.

Rank	NVBW	AFSM
#1	-8.41% Feb 19, 2025 - Jun 3, 2025	-43.54% Jan 16, 2020 - Dec 4, 2020
#2	-7.20% Sep 14, 2023 - Dec 28, 2023	-28.27% Nov 16, 2021 - Feb 15, 2024
#3	-4.03% Feb 2, 2026 - Apr 14, 2026	-25.07% Nov 11, 2024 - Sep 11, 2025
#4	-3.66% Feb 2, 2023 - Apr 3, 2023	-9.56% Feb 26, 2026 - Apr 14, 2026
#5	-2.87% Nov 30, 2022 - Jan 13, 2023	-9.26% Jul 31, 2024 - Oct 14, 2024
#6	-2.15% Nov 1, 2022 - Nov 10, 2022	-8.21% Mar 15, 2021 - Apr 26, 2021
#7	-1.92% Nov 3, 2025 - Nov 26, 2025	-8.17% Feb 12, 2021 - Mar 12, 2021
#8	-1.88% Jul 31, 2023 - Aug 30, 2023	-8.05% Sep 18, 2025 - Dec 10, 2025
#9	-1.56% Jul 31, 2024 - Aug 13, 2024	-7.71% Jul 1, 2021 - Aug 27, 2021
#10	-1.46% Jun 4, 2026 - Jun 10, 2026	-7.54% Mar 28, 2024 - May 15, 2024
#11	-1.40% May 1, 2023 - May 17, 2023	-6.30% Apr 27, 2021 - Jun 1, 2021
#12	-1.28% Dec 5, 2024 - Jan 17, 2025	-5.51% May 15, 2024 - Jul 15, 2024
#13	-1.21% Jan 17, 2023 - Jan 23, 2023	-4.91% Sep 2, 2021 - Oct 20, 2021
#14	-1.19% Jan 9, 2026 - Jan 27, 2026	-4.84% Jun 8, 2021 - Jul 1, 2021
#15	-1.17% Apr 19, 2023 - Apr 28, 2023	-4.45% Jan 22, 2021 - Feb 4, 2021