OCTZ vs. ZDEK

Last updated Apr 2, 2026

Compare and contrast key facts about TrueShares Structured Outcome (October) ETF (OCTZ) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK).

OCTZ and ZDEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTZ is an actively managed fund by TrueShares. It was launched on Sep 30, 2020. ZDEK is an actively managed fund by Innovator. It was launched on Dec 1, 2024.

Performance

OCTZ vs. ZDEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (October) ETF (OCTZ) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK). The values are adjusted to include any dividend payments, if applicable.

OCTZ vs. ZDEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTZ TrueShares Structured Outcome (October) ETF	-3.02%	12.89%	-2.66%
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December	-0.30%	7.78%	-0.38%

Returns By Period

In the year-to-date period, OCTZ achieves a -3.02% return, which is significantly lower than ZDEK's -0.30% return.

OCTZ

• 1D: 0.41%
• 1M: -3.34%
• YTD: -3.02%
• 6M: -1.42%
• 1Y: 12.82%
• 3Y*: 13.47%
• 5Y*: 9.54%
• 10Y*: —

ZDEK

• 1D: 0.14%
• 1M: -0.70%
• YTD: -0.30%
• 6M: 1.51%
• 1Y: 8.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTZ vs. ZDEK - Expense Ratio Comparison

Both OCTZ and ZDEK have an expense ratio of 0.79%.

OCTZ

TrueShares Structured Outcome (October) ETF

ZDEK

Innovator Equity Defined Protection ETF - 1 Yr December

Return for Risk

OCTZ vs. ZDEK — Risk / Return Rank

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

OCTZ

OCTZ Risk / Return Rank: 51
OCTZ Sharpe Ratio Rank: 49
OCTZ Sortino Ratio Rank: 50
OCTZ Omega Ratio Rank: 52
OCTZ Calmar Ratio Rank: 49
OCTZ Martin Ratio Rank: 57

ZDEK

ZDEK Risk / Return Rank: 96
ZDEK Sharpe Ratio Rank: 94
ZDEK Sortino Ratio Rank: 97
ZDEK Omega Ratio Rank: 96
ZDEK Calmar Ratio Rank: 97
ZDEK Martin Ratio Rank: 97

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.

OCTZ vs. ZDEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) 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.

	OCTZ	ZDEK	Difference
Sharpe ratio Return per unit of total volatility	0.94	2.43	-1.48
Sortino ratio Return per unit of downside risk	1.43	3.69	-2.26
Omega ratio Gain probability vs. loss probability	1.21	1.50	-0.30
Calmar ratio Return relative to maximum drawdown	1.43	5.32	-3.89
Martin ratio Return relative to average drawdown	6.21	21.69	-15.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTZ vs. ZDEK - Sharpe Ratio Comparison

The current OCTZ Sharpe Ratio is 0.94, which is lower than the ZDEK Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of OCTZ and ZDEK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OCTZ	ZDEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.43	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.54	-0.63

Correlation

The correlation between OCTZ and ZDEK is 0.88, 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

OCTZ vs. ZDEK - Dividend Comparison

OCTZ's dividend yield for the trailing twelve months is around 4.12%, while ZDEK has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
OCTZ TrueShares Structured Outcome (October) ETF	4.12%	3.99%	1.26%	3.28%	0.67%
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

OCTZ vs. ZDEK - Drawdown Comparison

The maximum OCTZ drawdown since its inception was -15.82%, which is greater than ZDEK's maximum drawdown of -3.40%. Use the drawdown chart below to compare losses from any high point for OCTZ and ZDEK.

Drawdown Indicators

	OCTZ	ZDEK	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	-3.40%	-12.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-1.57%	-7.52%
Max Drawdown (5Y) Largest decline over 5 years	-15.82%	—	—
Current Drawdown Current decline from peak	-5.04%	-0.87%	-4.17%
Average Drawdown Average peak-to-trough decline	-3.23%	-0.50%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	0.39%	+1.70%

Volatility

OCTZ vs. ZDEK - Volatility Comparison

TrueShares Structured Outcome (October) ETF (OCTZ) has a higher volatility of 4.07% compared to Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) at 0.97%. This indicates that OCTZ'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.

Volatility by Period

	OCTZ	ZDEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	0.97%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	2.01%	+5.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	3.33%	+10.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	3.45%	+8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	3.45%	+9.00%