DECZ vs. ZDEK
Compare and contrast key facts about TrueShares Structured Outcome (December) ETF (DECZ) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK).
DECZ and ZDEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DECZ is a passively managed fund by TrueShares that tracks the performance of the S&P 500. It was launched on Nov 30, 2020. ZDEK is an actively managed fund by Innovator. It was launched on Dec 1, 2024.
Performance
DECZ vs. ZDEK - Performance Comparison
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DECZ vs. ZDEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DECZ TrueShares Structured Outcome (December) ETF | -3.57% | 12.34% | -2.09% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | -0.44% | 7.78% | -0.38% |
Returns By Period
In the year-to-date period, DECZ achieves a -3.57% return, which is significantly lower than ZDEK's -0.44% return.
DECZ
- 1D
- 2.04%
- 1M
- -3.73%
- YTD
- -3.57%
- 6M
- -1.59%
- 1Y
- 11.87%
- 3Y*
- 13.04%
- 5Y*
- 9.56%
- 10Y*
- —
ZDEK
- 1D
- 0.51%
- 1M
- -0.87%
- YTD
- -0.44%
- 6M
- 1.44%
- 1Y
- 8.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DECZ vs. ZDEK - Expense Ratio Comparison
Both DECZ and ZDEK have an expense ratio of 0.79%.
Return for Risk
DECZ vs. ZDEK — Risk / Return Rank
DECZ
ZDEK
DECZ vs. ZDEK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (December) ETF (DECZ) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DECZ | ZDEK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 2.48 | -1.63 |
Sortino ratioReturn per unit of downside risk | 1.31 | 3.79 | -2.47 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.52 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 5.23 | -3.94 |
Martin ratioReturn relative to average drawdown | 5.68 | 21.54 | -15.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DECZ | ZDEK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 2.48 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.51 | -0.68 |
Correlation
The correlation between DECZ and ZDEK is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DECZ vs. ZDEK - Dividend Comparison
DECZ's dividend yield for the trailing twelve months is around 3.40%, while ZDEK has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DECZ TrueShares Structured Outcome (December) ETF | 3.40% | 3.28% | 2.55% | 1.23% | 1.44% | 0.46% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DECZ vs. ZDEK - Drawdown Comparison
The maximum DECZ drawdown since its inception was -16.57%, which is greater than ZDEK's maximum drawdown of -3.40%. Use the drawdown chart below to compare losses from any high point for DECZ and ZDEK.
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Drawdown Indicators
| DECZ | ZDEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.57% | -3.40% | -13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -1.57% | -7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.57% | — | — |
Current DrawdownCurrent decline from peak | -5.64% | -1.00% | -4.64% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -0.49% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.38% | +1.76% |
Volatility
DECZ vs. ZDEK - Volatility Comparison
TrueShares Structured Outcome (December) ETF (DECZ) has a higher volatility of 4.00% compared to Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) at 0.96%. This indicates that DECZ's price experiences larger fluctuations and is considered to be riskier than ZDEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DECZ | ZDEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 0.96% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 2.01% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.99% | 3.32% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 3.45% | +9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 3.45% | +9.03% |