Correlation
The correlation between EALT and BALT is 0.83, 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.
EALT vs. BALT
Compare and contrast key facts about Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator Defined Wealth Shield ETF (BALT).
EALT and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EALT or BALT.
Performance
EALT vs. BALT - Performance Comparison
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Key characteristics
EALT:
0.80
BALT:
1.71
EALT:
1.06
BALT:
2.36
EALT:
1.15
BALT:
1.41
EALT:
0.63
BALT:
1.60
EALT:
2.26
BALT:
8.03
EALT:
4.13%
BALT:
0.98%
EALT:
13.33%
BALT:
4.96%
EALT:
-14.76%
BALT:
-4.89%
EALT:
-4.37%
BALT:
-0.03%
Returns By Period
In the year-to-date period, EALT achieves a -0.94% return, which is significantly lower than BALT's 1.46% return.
EALT
-0.94%
4.28%
-3.04%
10.56%
N/A
N/A
N/A
BALT
1.46%
1.53%
1.59%
8.44%
7.36%
N/A
N/A
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EALT vs. BALT - Expense Ratio Comparison
Both EALT and BALT have an expense ratio of 0.69%.
Risk-Adjusted Performance
EALT vs. BALT — Risk-Adjusted Performance Rank
EALT
BALT
EALT vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator Defined Wealth Shield ETF (BALT). 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.
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Dividends
EALT vs. BALT - Dividend Comparison
Neither EALT nor BALT has paid dividends to shareholders.
Drawdowns
EALT vs. BALT - Drawdown Comparison
The maximum EALT drawdown since its inception was -14.76%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for EALT and BALT.
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Volatility
EALT vs. BALT - Volatility Comparison
Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) has a higher volatility of 2.69% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.74%. This indicates that EALT's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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