NOVZTrueShares Structured Outcome (November) ETF
Tracks the S&P 500 Price Return Index while providing a buffer against the first 8% to 12% of losses over a twelve-month period.
By TrueShares · Launched 2020
Annual Cost
0.79%
#4,370 of 6,040 · expensive
Fund Size
$37M
#4,053 of 6,040 · small
Return (1Y)
+11.4%
Track Record
5 years
#2,196 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,112+11.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Structured outcome
Index tracked
S&P 500 Price Return Index
Holdings
By weightConcentration
Top 8 holdings = 100.0% of fundconcentrated
Treasury Bill
100.3%
The Options Clearing Corp
3.1%
The Options Clearing Corp
0.4%
The Options Clearing Corp
0.1%
The Options Clearing Corp
0.1%
STATE STREET INSTITUTIONAL US
0.1%
The Options Clearing Corp
0.0%
The Options Clearing Corp
-4.2%
Asset allocation
Cash
100.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
9.9%Low
Year-on-year price swings
Max drawdown
-16.6%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.94Decent risk-adjusted returns
Sortino (3Y)
1.37Good downside protection
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the S&P 500 Price Return Index while providing a buffer against the first 8% to 12% of losses over a twelve-month period.
- Strategy
- Actively managed ETF that invests substantially all assets in options on the S&P 500 Price Index, employing a buffer protect strategy to mitigate the first 8% to 12% decline. Seeks to track returns of the S&P 500 Price Index while providing downside protection during the Investment Period.
- Inception date
- October 30, 2020
- Fund family
- TrueShares
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save NOVZ to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18