Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZALT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ZALT
ZALT charges 0.69% annually. There are 28 ETFs in the Options Trading category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Tax-Aware Collateral ETF | 0.14% | 1.21B | Apr 2026 | ZALT vs CBOX | |
| Parametric Hedged Equity ETF | 0.29% | 139.40M | Oct 2023 | ZALT vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.87M | Jul 2025 | ZALT vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | ZALT vs HEQT | |
| Castellan Targeted Income ETF | 0.45% | — | Jun 2025 | ZALT vs CTIF |
Best Risk-Adjusted Alternatives to ZALT
ZALT has a PortfoliosLab risk / return rank of 93. There are 17 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | ZALT vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.22M | Mar 2023 | ZALT vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 199.47M | May 2020 | ZALT vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | ZALT vs PBAP | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 153.67M | Mar 2023 | ZALT vs XMAR |
Top Performing ZALT Alternatives (YTD)
ZALT is at 5.55% YTD. There are 108 ETFs in the Options Trading category with higher YTD returns, going as high as 105.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | ZALT vs AMDY | |
| Defiance Oil Enhanced Options Income ETF | 37.86% | 64.41M | May 2024 | ZALT vs USOY | |
| Simplify Piper Sandler US Small-Cap PLUS Income ET... | 20.54% | 6.72M | Apr 2025 | ZALT vs LITL | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 17.47% | 180.69M | Sep 2023 | ZALT vs QQQY | |
| Defiance R2000 Weekly Distribution ETF | 17.15% | 95.57M | Oct 2023 | ZALT vs IWMY |
Lowest Volatility Alternatives to ZALT
ZALT has 4.21% 1-year volatility. There are 32 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.30% | — | Mar 2024 | ZALT vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.22M | Mar 2023 | ZALT vs APRJ | |
| Alpha Architect Tail Risk ETF | 1.57% | 709.87M | Aug 2013 | ZALT vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.68% | 13.68M | Jun 2023 | ZALT vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.06% | — | Mar 2024 | ZALT vs XIMR |
Lowest Drawdown Alternatives to ZALT
ZALT has a 1-year max drawdown of -1.71%. There are 17 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | ZALT vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.22M | Mar 2023 | ZALT vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.68M | Jun 2023 | ZALT vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 709.87M | Aug 2013 | ZALT vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 199.47M | May 2020 | ZALT vs APRW |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, BUFF, SFLR and span 5 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 96 | 3.34% | 2.72B | Jun 2021 | ZALT vs BALT | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 90 | 7.50% | 923.55M | Oct 2016 | ZALT vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 50 | 5.77% | 2.11B | Nov 2022 | ZALT vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 48 | 18.96% | 200.31M | Jul 2018 | ZALT vs LOUP | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 13.51% | 22.69M | Apr 2021 | ZALT vs XTAP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 84 | 7.00% | 1.44B | Jan 2019 | ZALT vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 12.86% | 403.09M | Mar 2019 | ZALT vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 81 | 7.33% | 963.46M | Sep 2018 | ZALT vs POCT | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 42 | 4.20% | 524.31M | Jan 2024 | ZALT vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 89 | 7.09% | 1.25B | Aug 2018 | ZALT vs PJUL |
Often Compared With ZALT
Investors most often compare ZALT with EALT, UJUL, MOOD. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare ZALT with Any Fund or Stock
Compare ZALT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ZALT with funds that move differently
Innovator U.S. Equity 10 Buffer ETF - Quarterly alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZALT.
Explore ZALT Diversifiers