DGOC vs. ZAPR
DGOC (FT Vest U.S. Equity Buffer & Digital Return ETF - October) and ZAPR (Innovator Equity Defined Protection ETF - 1 Yr April) are both Defined Outcome funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. DGOC charges 0.85%/yr vs 0.79%/yr for ZAPR.
Performance
DGOC vs. ZAPR - Performance Comparison
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Returns By Period
In the year-to-date period, DGOC achieves a 3.62% return, which is significantly higher than ZAPR's 2.99% return.
DGOC
- 1D
- -0.34%
- 1M
- 0.62%
- YTD
- 3.62%
- 6M
- 4.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZAPR
- 1D
- -0.28%
- 1M
- 0.26%
- YTD
- 2.99%
- 6M
- 3.39%
- 1Y
- 6.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGOC vs. ZAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGOC FT Vest U.S. Equity Buffer & Digital Return ETF - October | 3.62% | 1.49% |
ZAPR Innovator Equity Defined Protection ETF - 1 Yr April | 2.99% | 1.02% |
Correlation
The correlation between DGOC and ZAPR is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.62 |
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Return for Risk
DGOC vs. ZAPR — Risk / Return Rank
DGOC
ZAPR
DGOC vs. ZAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - October (DGOC) and Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DGOC | ZAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 2.84 | -1.04 |
Drawdowns
DGOC vs. ZAPR - Drawdown Comparison
The maximum DGOC drawdown since its inception was -2.95%, which is greater than ZAPR's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for DGOC and ZAPR.
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Drawdown Indicators
| DGOC | ZAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -1.72% | -1.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.40% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.28% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -0.09% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.08% | — |
Volatility
DGOC vs. ZAPR - Volatility Comparison
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Volatility by Period
| DGOC | ZAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 1.49% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 2.52% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 2.52% | +2.18% |
DGOC vs. ZAPR - Expense Ratio Comparison
DGOC has a 0.85% expense ratio, which is higher than ZAPR's 0.79% expense ratio.
Dividends
DGOC vs. ZAPR - Dividend Comparison
Neither DGOC nor ZAPR has paid dividends to shareholders.
Frequently Asked Questions
DGOC and ZAPR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZAPR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZAPR is cheaper with a 0.79% expense ratio, compared with 0.85% for DGOC.
DGOC and ZAPR have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Innovator. Their fees differ too: 0.85% for DGOC and 0.79% for ZAPR.
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