- ISIN
- US45783Y8553
- CUSIP
- 45783Y855
- Issuer
- Innovator
- Inception Date
- Jun 30, 2021
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Distribution Policy
- Accumulating
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
BALT Performance Chart
Innovator Defined Wealth Shield ETF (BALT) is up 2.1% since the beginning of the year. BALT is currently trading at $34 per share.
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Returns By Period
Innovator Defined Wealth Shield ETF (BALT) has returned 2.13% so far this year and 6.90% over the past 12 months.
Innovator Defined Wealth Shield ETF
- 1D
- 0.01%
- 1M
- 0.45%
- YTD
- 2.13%
- 6M
- 3.06%
- 1Y
- 6.90%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
BALT Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2021, BALT's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 83% of months were positive and 17% were negative. The best month was Nov 2023 with a return of +2.3%, while the worst month was Sep 2022 at -1.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 2 months.
On a daily basis, BALT closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +2.7%, while the worst single day was Apr 4, 2025 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.55% | 0.19% | -0.87% | 1.54% | 0.50% | 0.22% | 2.13% | ||||||
| 2025 | 0.91% | 0.11% | -1.13% | 0.06% | 1.53% | 0.63% | 0.75% | 0.84% | 0.71% | 0.61% | 0.45% | 1.03% | 6.65% |
| 2024 | 0.63% | 1.15% | 0.62% | -0.68% | 1.48% | 1.83% | 0.67% | 1.12% | 0.85% | 0.16% | 1.62% | 0.13% | 9.98% |
| 2023 | 1.06% | 0.07% | 1.26% | 0.70% | 0.29% | 1.42% | 0.90% | 0.04% | -1.24% | -0.07% | 2.27% | 0.56% | 7.45% |
| 2022 | -0.46% | -0.08% | 0.31% | -1.28% | 0.86% | 0.27% | 1.16% | 0.15% | -1.45% | 1.40% | 1.15% | 0.52% | 2.54% |
| 2021 | 0.23% | 0.27% | -0.06% | 0.21% | 0.02% | 0.23% | 0.91% |
Benchmark Metrics
Innovator Defined Wealth Shield ETF has an annualized alpha of 3.91%, beta of 0.16, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since July 01, 2021.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.19%) than losses (6.21%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.91% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.16 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.91%
- Beta
- 0.16
- R²
- 0.67
- Upside Capture
- 19.19%
- Downside Capture
- 6.21%
Expense Ratio
BALT has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BALT ranks 94 for risk / return — in the top 94% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator Defined Wealth Shield ETF (BALT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BALT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.36 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 2.71 | +3.31 |
| Martin ratioReturn relative to average drawdown | 22.44 | 12.15 | +10.28 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator Defined Wealth Shield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator Defined Wealth Shield ETF was 4.89%, occurring on Apr 8, 2025. Recovery took 38 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.89%Apr 2025 | 1mo 16d | 1mo 26d | 3mo 12dFeb 2025 - Jun 2025 |
Bear market2022 | -2.16%Jun 2022 | 5mo 12d | 22d | 6mo 4dJan 2022 - Jul 2022 |
Bear market2022 | -1.98%Oct 2022 | 29d | 29d | 1mo 28dSep 2022 - Nov 2022 |
2024 pullback2024 | -1.85%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2023 pullback2023 | -1.84%Oct 2023 | 1mo 11d | 19d | 2moSep 2023 - Nov 2023 |
Drawdown Indicators
| BALT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.89% | -56.78% | +51.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -9.10% | +7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -4.89% | -18.90% | +14.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -10.72% | +10.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 2.02% | -1.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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