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SNOV is an actively managed “buffered outcome” ETF designed to shape your one-year return profile on IWM (iShares Russell 2000). It uses exchange-traded FLEX options (customizable options contracts) to target a defined downside buffer (about the first 15% of losses) in exchange for giving up upside beyond a cap that resets each November.
You mostly own option contracts tied to the price movement of IWM, plus collateral to back those options. It’s like buying a one-year seatbelt for small-cap stocks: some protection on the way down, but a speed limit on the way up.
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Provides downside buffer protection with capped upside over a defined outcome period.
Showing the largest holdings by weight in SNOV
| Logo | Ticker | ETF Weight | Market Value | |
|---|---|---|---|---|
4I | 4IWM 261120C00002360 2026-11-20 iShares Russell 2000 ETF C 2.36 | 2026-11-20 iShares Russell 2000 ETF C 2.36 | 95.98% | $117.0M |
4I | 4IWM 261120P00235600 2026-11-20 iShares Russell 2000 ETF P 235.60 | 2026-11-20 iShares Russell 2000 ETF P 235.60 | 3.31% | $4.0M |
$U | $USD US Dollar | US Dollar | 0.71% | $868.6K |
Breakdown of SNOV by sector weightings (%)
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Top countries by weight (%)
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