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NOVZ
+0.93 · +2.15%
$44.38 · BATS

Listed Funds Trust - TrueShares Structured Outcome (November) ETF (NOVZ) ETF Analysis | Defined Outcome

TrueShares · USA
AUM:$19.9M
#– of – in Defined Outcome ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 11.2% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.79% — above average for this category.

What is NOVZ?

The fund is an actively-managed ETF that seeks to achieve its investment objective by investing substantially all of its assets in options on the S&P 500 Price Index. It will purchase call options and sell put options on the S&P 500 Price Index or an ETF that seeks to track the performance of the S&P 500 Price Index on each Initial Investment Day with an expiration on the next Roll Date.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Positive 1-Year Return
NOVZ returned 11.2% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 0.79% is above average. Verify whether the strategy justifies the cost.
Broadly Diversified
Top 10 holdings represent just 0.1% of the ETF — exposure spread across many positions.
ETF Information
AUM$19.9M
Expense Ratio0.79%
Dividend Yield3.54%
Holdings1
Inception DateOct 2020
Domicile–
Distribution–
Index–
ProviderTrueShares
Beta-87.41
CategoryDefined Outcome
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+8.9%
1Y
+14.1%
3Y
+56.3%
5Y
+65.2%
OpenBook InsightIf you had invested £10,000 in NOVZ 5 years ago, it would have grown to £16,521 — a gain of £6,521.

Annual Returns

Calendar year performance

NOVZ delivered positive returns in 4 of the last 5 calendar years.
YearNOVZ
2026 YTD+8.4%
2025+13.2%
2024+19.7%
2023+18.4%
2022-9.9%
CAGR 4yr+9.6%
4/5 positive yearsAvg return: +9.9%Worst year: -9.9% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
67%
Positive
Volatility
8.9%
Low
Momentum
+2.5%
30-day change
Support Level
47.45
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.
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