MARZ vs. ZDEK
Compare and contrast key facts about TrueShares Structured Outcome (March) ETF (MARZ) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK).
MARZ and ZDEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MARZ is a passively managed fund by TrueShares that tracks the performance of the S&P 500 Price Index. It was launched on Feb 26, 2021. ZDEK is an actively managed fund by Innovator. It was launched on Dec 1, 2024.
Performance
MARZ vs. ZDEK - Performance Comparison
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MARZ vs. ZDEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MARZ TrueShares Structured Outcome (March) ETF | -3.19% | 12.90% | -2.34% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | -0.30% | 7.78% | -0.38% |
Returns By Period
In the year-to-date period, MARZ achieves a -3.19% return, which is significantly lower than ZDEK's -0.30% return.
MARZ
- 1D
- 0.70%
- 1M
- -3.27%
- YTD
- -3.19%
- 6M
- -1.80%
- 1Y
- 12.87%
- 3Y*
- 13.24%
- 5Y*
- 9.08%
- 10Y*
- —
ZDEK
- 1D
- 0.14%
- 1M
- -0.70%
- YTD
- -0.30%
- 6M
- 1.51%
- 1Y
- 8.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MARZ vs. ZDEK - Expense Ratio Comparison
Both MARZ and ZDEK have an expense ratio of 0.79%.
Return for Risk
MARZ vs. ZDEK — Risk / Return Rank
MARZ
ZDEK
MARZ vs. ZDEK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (March) ETF (MARZ) 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.
| MARZ | ZDEK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 2.43 | -1.52 |
Sortino ratioReturn per unit of downside risk | 1.38 | 3.69 | -2.31 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.50 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 5.32 | -3.95 |
Martin ratioReturn relative to average drawdown | 6.07 | 21.69 | -15.61 |
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
| MARZ | ZDEK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.43 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.54 | -0.77 |
Correlation
The correlation between MARZ and ZDEK is 0.89, 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
MARZ vs. ZDEK - Dividend Comparison
MARZ's dividend yield for the trailing twelve months is around 3.41%, while ZDEK has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MARZ TrueShares Structured Outcome (March) ETF | 3.41% | 3.30% | 4.55% | 7.33% | 0.78% | 2.43% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MARZ vs. ZDEK - Drawdown Comparison
The maximum MARZ drawdown since its inception was -18.89%, which is greater than ZDEK's maximum drawdown of -3.40%. Use the drawdown chart below to compare losses from any high point for MARZ and ZDEK.
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Drawdown Indicators
| MARZ | ZDEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -3.40% | -15.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -1.57% | -7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | — | — |
Current DrawdownCurrent decline from peak | -4.85% | -0.87% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.50% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.39% | +1.75% |
Volatility
MARZ vs. ZDEK - Volatility Comparison
TrueShares Structured Outcome (March) ETF (MARZ) has a higher volatility of 4.18% compared to Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) at 0.97%. This indicates that MARZ'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
| MARZ | ZDEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 0.97% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 2.01% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.27% | 3.33% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 3.45% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 3.45% | +8.84% |