IGTR vs. FWD

Last updated Jun 4, 2026

IGTR (Innovator Gradient Tactical Rotation Strategy ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, IGTR returned 17.59%/yr vs 39.48%/yr for FWD. A 0.74 correlation means they provide meaningful diversification when combined. IGTR charges 0.80%/yr vs 0.65%/yr for FWD.

Performance

IGTR vs. FWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Gradient Tactical Rotation Strategy ETF (IGTR) and AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGTR achieves a 21.49% return, which is significantly lower than FWD's 40.11% return.

IGTR

• 1D: -0.47%
• 1M: 13.18%
• YTD: 21.49%
• 6M: 24.80%
• 1Y: 43.30%
• 3Y*: 17.59%
• 5Y*: —
• 10Y*: —

FWD

• 1D: -0.27%
• 1M: 14.15%
• YTD: 40.11%
• 6M: 39.78%
• 1Y: 75.95%
• 3Y*: 39.48%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGTR vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IGTR Innovator Gradient Tactical Rotation Strategy ETF	21.49%	15.25%	4.02%	15.52%
FWD AB Disruptors ETF	40.11%	32.00%	29.23%	25.66%

Correlation

The correlation between IGTR and FWD is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023	0.74

The correlation between IGTR and FWD has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

IGTR vs. FWD - Sectors Allocation Comparison

Sectors	IGTR	FWD
Financial Services	25.7%	0.5%
Industrials	20.7%	17.7%
Technology	13.2%	52.6%
Healthcare	8.2%	6.6%
Consumer Cyclical	8.1%	2.4%
Basic Materials	8.1%	1.8%
Energy	4.8%	2.6%
Real Estate	3.5%	0.7%
Consumer Defensive	3.3%	0.8%
Communication Services	2.4%	2.6%
Utilities	2.0%	1.0%

Return for Risk

IGTR vs. FWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGTR

IGTR Risk / Return Rank: 71
IGTR Sharpe Ratio Rank: 70
IGTR Sortino Ratio Rank: 66
IGTR Omega Ratio Rank: 66
IGTR Calmar Ratio Rank: 77
IGTR Martin Ratio Rank: 74

FWD

FWD Risk / Return Rank: 87
FWD Sharpe Ratio Rank: 90
FWD Sortino Ratio Rank: 83
FWD Omega Ratio Rank: 83
FWD Calmar Ratio Rank: 91
FWD Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGTR vs. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Gradient Tactical Rotation Strategy ETF (IGTR) and AB Disruptors ETF (FWD). 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.

	IGTR	FWD	Difference
Sharpe ratio: Return per unit of total volatility	2.25	3.16	-0.91
Sortino ratio: Return per unit of downside risk	3.00	3.78	-0.77
Omega ratio: Gain probability vs. loss probability	1.39	1.50	-0.11
Calmar ratio: Return relative to maximum drawdown	3.89	5.86	-1.97
Martin ratio: Return relative to average drawdown	13.97	20.83	-6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGTR vs. FWD - Sharpe Ratio Comparison

The current IGTR Sharpe Ratio is 2.25, which is comparable to the FWD Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of IGTR and FWD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGTR	FWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	3.16	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.67	-1.04

Drawdowns

IGTR vs. FWD - Drawdown Comparison

The maximum IGTR drawdown since its inception was -20.06%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for IGTR and FWD.

Drawdown Indicators

	IGTR	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-29.02%	+8.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-13.03%	+1.85%
Max Drawdown (3Y) Largest decline over 3 years	-20.06%	-29.02%	+8.96%
Current Drawdown Current decline from peak	-0.47%	-0.27%	-0.20%
Average Drawdown Average peak-to-trough decline	-6.97%	-4.06%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.66%	-0.55%

Volatility

IGTR vs. FWD - Volatility Comparison

The current volatility for Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is 7.29%, while AB Disruptors ETF (FWD) has a volatility of 7.77%. This indicates that IGTR experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGTR	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	7.77%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	18.96%	-4.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	24.15%	-4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	24.72%	-7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	24.72%	-7.90%

IGTR vs. FWD - Expense Ratio Comparison

IGTR has a 0.80% expense ratio, which is higher than FWD's 0.65% expense ratio.

Dividends

IGTR vs. FWD - Dividend Comparison

IGTR's dividend yield for the trailing twelve months is around 0.66%, more than FWD's 0.08% yield.

Position	TTM	2025	2024	2023	2022
FWD AB Disruptors ETF	0.08%	0.11%	1.89%	0.00%	0.00%
IGTR Innovator Gradient Tactical Rotation Strategy ETF	0.66%	0.80%	2.40%	0.87%	0.31%

Frequently Asked Questions

Can I hold both IGTR and FWD in my portfolio?

IGTR and FWD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGTR or FWD?

FWD has higher volatility (7.77%) compared to IGTR (7.29%). In terms of maximum drawdown, IGTR dropped -20.06% vs FWD's -29.02%.

Which ETF is better, IGTR or FWD?

On 3-year performance, FWD leads with 39.48% vs 17.59% for IGTR. On fees, FWD is cheaper at 0.65% per year. On volatility, IGTR has been the lower-risk option at 7.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGTR or FWD?

Over the 3-year period, FWD has performed better with a 39.48% return vs 17.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGTR or FWD?

FWD is cheaper with a 0.65% expense ratio, compared with 0.80% for IGTR.

Which ETF pays a higher dividend yield, IGTR or FWD?

IGTR has the higher dividend yield at 0.66%, compared with 0.08% for FWD.

What is the main difference between IGTR and FWD?

They also come from different issuers: Innovator and AllianceBernstein. Their fees differ too: 0.80% for IGTR and 0.65% for FWD.

Which has better risk-adjusted returns?

FWD currently has the higher Sharpe Ratio (3.16 vs 2.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.