ETF Evaluator:
FT Vest NVDA & Target Income ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Derivative Income - Non-Diversified Over the Last Year
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ETF Details
FT Vest NVDA & Target Income ETF Overview
FT Vest NVDA & Target Income ETF (XVNV) is an actively managed Nontraditional Equity Derivative Income - Non-Diversified exchange-traded fund (ETF). First Trust launched the ETF in 2026.
The investment seeks to provide investors with current income with a secondary objective of providing capital appreciation.
Under normal market conditions, the fund will pursue its investment objectives by investing primarily in a portfolio of common stock and options contracts, including standardized listed options and/or FLexible EXchange options (“FLEX Options”) that utilize the common stock of NVIDIA Corporation as the reference asset (the “Underlying Security”). It is non-diversified.
About FT Vest NVDA & Target Income ETF (XVNV)
There are 2 members of the management team with an average tenure of 0.20 years: Karan Sood (2026) and Trevor Lack (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
FT Vest NVDA & Target Income ETF has 4 securities in its portfolio. The top 10 holdings constitute 99.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
FT Vest NVDA & Target Income ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. FT Vest NVDA & Target Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FT Vest NVDA & Target Income ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $106 million average for the Derivative Income - Non-Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XVNV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FT Vest NVDA & Target Income ETF expense ratio is high compared to funds in the Derivative Income - Non-Diversified category. FT Vest NVDA & Target Income ETF has an expense ratio of 0.85%, which is 11% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FT Vest NVDA & Target Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 52% for the Derivative Income - Non-Diversified category.
Recently, in the month of October 2026, FT Vest NVDA & Target Income ETF returned -10.2%, which earned it a grade of D, as the Derivative Income - Non-Diversified category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
FT Vest NVDA & Target Income ETF has a trailing yield of 0.00%, which is below the 30.55% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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XVNV Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XVNV Return (NAV) | -10.2% | na | na | na | na | na |
| XVNV Return (Price) | -10.4% | na | na | na | na | na |
| NAV +/- Price Return | 0.189% | na | na | na | na | na |
| Derivative Income - Non-Diversified Avg | -4.1% | 2.9% | -0.1% | 18.1% | 14.0% | 4.3% |
| XVNV Grade (NAV) | D | na | na | na | na | na |
| +/- Category (NAV) | -6.1% | na | na | na | na | na |
| XVNV Tax-Cost Ratio | na | na | na | na | na | na |
XVNV Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XVNV Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XVNV Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income - Non-Diversified Avg | 1.1% | 6.2% | 22.5% | 30.3% | 9.9% | 24.2% | -30.4% | 18.6% | -19.8% | -6.7% | 21.9% |
| XVNV Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | na |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Sood Karan (2026), Lack Trevor (2026) | |||
Portfolio Composition (as of 10/29/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 99.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Inception Date: | August 18, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.96% |
