PNOV vs FETH
Comparison between Innovator U.S. Equity Power Buffer ETF - November (PNOV, ETF) and Fidelity Ethereum Fund (FETH, ETF).
PNOV vs FETH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PNOV
$883M
FETH
$881M
Expense Ratio
PNOV
0.79%
Winner
FETH
0.25%
Max Drawdown
Winner
PNOV
18.51%
FETH
67.94%
Sharpe Ratio
Winner
PNOV
1.23
FETH
-0.61
5Y Beta
Winner
PNOV
0.48
FETH
1.98
PNOV vs FETH - Historical Returns
Returns include dividend reinvestment.
1M
PNOV
+1.58%
Winner
FETH
+25.65%
3M
PNOV
+3.00%
Winner
FETH
+12.75%
6M
PNOV
+7.53%
Winner
FETH
+22.39%
1Y
Winner
PNOV
+12.47%
FETH
-43.00%
5Y(CAGR)
PNOV
+8.32%
FETH
N/A
Max(CAGR)
Winner
PNOV
+8.72%
FETH
-16.13%
PNOV vs FETH - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | PNOV | FETH |
|---|---|---|
| 2026 | +8.19% | -22.72% |
| 2025 | +10.47% | -14.37% |
| 2024 | +10.23% | -3.61% |
| 2023 | +14.34% | N/A |
| 2022 | -2.61% | N/A |
| 2021 | +7.75% | N/A |
| 2020 | +9.99% | N/A |
| 2019 | +2.27% | N/A |
PNOV vs FETH Drawdown Comparison
The maximum drawdown for PNOV was -18.51%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The maximum drawdown for FETH was -67.94%, occurring on Jun 25, 2026. This drawdown has not yet recovered.
The current PNOV drawdown is -0.33%. The current FETH drawdown is -50.31%.
| Rank | PNOV | FETH |
|---|---|---|
| #1 | -18.51% Feb 19, 2020 - Jul 31, 2020 | -67.94% Aug 22, 2025 - Jun 25, 2026 |
| #2 | -10.63% Dec 29, 2021 - Nov 30, 2022 | -64.00% Dec 6, 2024 - Aug 11, 2025 |
| #3 | -10.35% Feb 19, 2025 - Jun 6, 2025 | -35.89% Jul 23, 2024 - Nov 25, 2024 |
| #4 | -8.55% Sep 14, 2023 - Jan 19, 2024 | -12.85% Aug 13, 2025 - Aug 22, 2025 |
| #5 | -4.85% Feb 2, 2026 - Apr 14, 2026 | -5.47% Nov 25, 2024 - Nov 27, 2024 |
| #6 | -4.72% Feb 2, 2023 - Apr 13, 2023 | -1.82% Dec 4, 2024 - Dec 6, 2024 |
| #7 | -3.79% Dec 1, 2022 - Jan 23, 2023 | -1.32% Nov 27, 2024 - Dec 4, 2024 |
| #8 | -2.95% Jul 31, 2023 - Sep 14, 2023 | N/A |
| #9 | -2.37% Nov 12, 2025 - Nov 28, 2025 | N/A |
| #10 | -2.17% Nov 16, 2021 - Dec 23, 2021 | N/A |
| #11 | -1.95% May 1, 2023 - May 18, 2023 | N/A |
| #12 | -1.88% Jan 21, 2021 - Feb 4, 2021 | N/A |
| #13 | -1.84% Jul 31, 2024 - Aug 13, 2024 | N/A |
| #14 | -1.79% Jun 2, 2026 - Jul 6, 2026 | N/A |
| #15 | -1.78% Sep 2, 2020 - Oct 7, 2020 | N/A |
Correlation
Correlation between PNOV and FETH is -0.19 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.19
-101
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