Innovator Defined Wealth Shield ETF (BALT) Alternatives

Innovator Defined Wealth Shield ETF (BALT) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BALT. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to BALT

BALT charges 0.69% annually. Among ETFs in the Defined Outcome category, these options have the lowest expense ratios among BALT alternatives.

Symbol	Name	Expense Ratio	Inception
FBUF	Fidelity Dynamic Buffered Equity ETF	0.48%	Apr 9, 2024	BALT vs FBUF
SMAX	iShares Large Cap Max Buffer Sep ETF	0.50%	Sep 30, 2024	BALT vs SMAX
BUFP	PGIM Laddered S&P 500 Buffer 12 ETF	0.50%	Jun 11, 2024	BALT vs BUFP
DMAX	iShares Large Cap Max Buffer December ETF	0.50%	Dec 31, 2024	BALT vs DMAX
PBFR	PGIM Laddered S&P 500 Buffer 20 ETF	0.50%	Jun 11, 2024	BALT vs PBFR

Best Risk-Adjusted Alternatives to BALT

Among ETFs in the Defined Outcome category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	96	Dec 1, 2024	BALT vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	96	Feb 3, 2025	BALT vs ZFEB
DMAX	iShares Large Cap Max Buffer December ETF	95	Dec 31, 2024	BALT vs DMAX
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	95	Mar 3, 2025	BALT vs ZMAR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	95	Dec 31, 2024	BALT vs ZJAN

Top Performing BALT Alternatives (YTD)

BALT alternatives from the Defined Outcome category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
IAPR	Innovator International Developed Power Buffer ETF...	3.70%	Mar 31, 2021	BALT vs IAPR
KAPR	Innovator Russell 2000 Power Buffer ETF - April	3.36%	Mar 31, 2020	BALT vs KAPR
BAPR	Innovator U.S. Equity Buffer ETF - April	2.86%	Mar 29, 2019	BALT vs BAPR
FMAR	FT Vest U.S. Equity Buffer ETF - March	2.73%	Mar 19, 2021	BALT vs FMAR
EAPR	Innovator Emerging Markets Power Buffer ETF - Apri...	2.56%	Mar 31, 2021	BALT vs EAPR

Lowest Volatility Alternatives to BALT

BALT alternatives from the Defined Outcome category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ZMAY	Innovator Equity Defined Protection ETF - 1 Yr May	1.50%	May 1, 2025	BALT vs ZMAY
ZJUN	Innovator Equity Defined Protection ETF - 1 Yr Jun...	1.91%	May 30, 2025	BALT vs ZJUN
AIOO	AllianzIM U.S. Equity Buffer100 Protection ETF	1.98%	Jun 30, 2025	BALT vs AIOO
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	2.61%	Apr 1, 2025	BALT vs ZAPR
MMAX	iShares Large Cap Max Buffer Mar ETF	2.61%	Mar 31, 2025	BALT vs MMAX

Lowest Drawdown Alternatives to BALT

BALT alternatives from the Defined Outcome category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	-1.56%	Feb 3, 2025	BALT vs ZFEB
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	-1.57%	Dec 1, 2024	BALT vs ZDEK
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	-1.72%	Apr 1, 2025	BALT vs ZAPR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	-1.87%	Dec 31, 2024	BALT vs ZJAN
ZOCT	Innovator Equity Defined Protection ETF - 1 Yr Oct...	-1.91%	Oct 1, 2024	BALT vs ZOCT

Other ETFs from Innovator

Most popular Innovator ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FFTY	Innovator IBD 50 ETF	Large Cap Growth Equities	41	-2.33%	Apr 9, 2015	BALT vs FFTY
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	74	-0.54%	Oct 20, 2016	BALT vs BUFF
LOUP	Innovator Deepwater Frontier Tech ETF	Technology Equities	78	-8.46%	Jul 24, 2018	BALT vs LOUP
SFLR	Innovator Equity Managed Floor ETF	Options Trading	71	-3.03%	Nov 8, 2022	BALT vs SFLR
PJAN	Innovator U.S. Equity Power Buffer ETF - January	Defined Outcome	67	-1.66%	Jan 2, 2019	BALT vs PJAN
PJUL	Innovator U.S. Equity Power Buffer ETF - July	Defined Outcome	81	-0.60%	Aug 7, 2018	BALT vs PJUL
POCT	Innovator U.S. Equity Power Buffer ETF October	Defined Outcome	64	-1.42%	Sep 28, 2018	BALT vs POCT
UAUG	Innovator U.S. Equity Ultra Buffer ETF - August	Defined Outcome	81	-1.08%	Jul 31, 2019	BALT vs UAUG
BOUT	Innovator IBD Breakout Opportunities ETF	Mid Cap Growth Equities	25	9.59%	Sep 13, 2018	BALT vs BOUT
QFLR	Innovator Nasdaq-100 Managed Floor ETF	Options Trading	89	-2.22%	Jan 24, 2024	BALT vs QFLR

Often Compared With BALT

What investors most often compare with BALT, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	-3.65%	Jan 22, 1993	BALT vs SPY
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	Corporate Bonds	85	0.13%	Sep 12, 2019	BALT vs BSCT
XST.TO	iShares S&P/TSX Capped Consumer Staples Index ETF	Consumer Staples Equities	53	2.54%	Apr 12, 2011	BALT vs XST.TO
BUFD	FT Vest Laddered Deep Buffer ETF	Defined Outcome	78	-0.60%	Jan 20, 2021	BALT vs BUFD
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	Corporate Bonds	94	0.22%	Aug 9, 2018	BALT vs BSCS
RSPN	Invesco S&P 500® Equal Weight Industrials ETF	Industrials Equities, S&P 500	54	3.02%	Jan 11, 2006	BALT vs RSPN
MUSA	Murphy USA Inc.		42	22.82%	—	BALT vs MUSA
HLIPX	JPMorgan Core Plus Bond Fund	Intermediate Core-Plus Bond	57	-0.17%	Mar 5, 1993	BALT vs HLIPX
ZALT	Innovator U.S. Equity 10 Buffer ETF - Quarterly	Options Trading	67	0.15%	Sep 29, 2023	BALT vs ZALT
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	50	0.09%	Sep 22, 2003	BALT vs AGG
DODIX	Dodge & Cox Income Fund	Total Bond Market	62	0.04%	—	BALT vs DODIX
BJUL	Innovator U.S. Equity Buffer ETF - July	Defined Outcome	70	-1.72%	Aug 28, 2018	BALT vs BJUL
PSEP	Innovator U.S. Equity Power Buffer ETF - September	Defined Outcome	74	-1.12%	Aug 30, 2019	BALT vs PSEP
UJUL	Innovator U.S. Equity Ultra Buffer ETF - July	Defined Outcome	80	-0.72%	Aug 7, 2018	BALT vs UJUL
BSEP	Innovator U.S. Equity Buffer ETF - September	Defined Outcome	70	-1.80%	Aug 30, 2019	BALT vs BSEP
PDEC	Innovator U.S. Equity Power Buffer ETF - December	Defined Outcome	74	-1.52%	Nov 29, 2019	BALT vs PDEC
BUFB	Innovator Laddered Allocation Buffer ETF	Defined Outcome	68	-1.16%	Feb 8, 2022	BALT vs BUFB
FOUR	Shift4 Payments, Inc.		8	-32.33%	—	BALT vs FOUR
PJUN	Innovator U.S. Equity Power Buffer ETF - June	Defined Outcome	77	0.05%	May 31, 2019	BALT vs PJUN
EALT	Innovator U.S. Equity 5 To 15 Buffer ETF - Quarter...	Options Trading	44	-4.36%	Sep 29, 2023	BALT vs EALT

Compare BALT with Any Fund or Stock

Compare BALT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Innovator Defined Wealth Shield ETF

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