UAPR vs. ZDEK
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK).
UAPR and ZDEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UAPR is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Mar 29, 2019. ZDEK is an actively managed fund by Innovator. It was launched on Dec 1, 2024.
Performance
UAPR vs. ZDEK - Performance Comparison
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UAPR vs. ZDEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UAPR Innovator U.S. Equity Ultra Buffer ETF - April | 2.08% | 6.27% | -0.92% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | -0.30% | 7.78% | -0.38% |
Returns By Period
In the year-to-date period, UAPR achieves a 2.08% return, which is significantly higher than ZDEK's -0.30% return.
UAPR
- 1D
- 0.24%
- 1M
- 1.12%
- YTD
- 2.08%
- 6M
- 3.96%
- 1Y
- 11.75%
- 3Y*
- 10.28%
- 5Y*
- 5.84%
- 10Y*
- —
ZDEK
- 1D
- 0.14%
- 1M
- -0.70%
- YTD
- -0.30%
- 6M
- 1.51%
- 1Y
- 8.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UAPR vs. ZDEK - Expense Ratio Comparison
Both UAPR and ZDEK have an expense ratio of 0.79%.
Return for Risk
UAPR vs. ZDEK — Risk / Return Rank
UAPR
ZDEK
UAPR vs. ZDEK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) 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.
| UAPR | ZDEK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 2.43 | -0.77 |
Sortino ratioReturn per unit of downside risk | 2.50 | 3.69 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.50 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 5.32 | -3.17 |
Martin ratioReturn relative to average drawdown | 14.54 | 21.69 | -7.15 |
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
| UAPR | ZDEK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.43 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.54 | -1.01 |
Correlation
The correlation between UAPR and ZDEK is 0.82, 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
UAPR vs. ZDEK - Dividend Comparison
Neither UAPR nor ZDEK has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UAPR Innovator U.S. Equity Ultra Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.17% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UAPR vs. ZDEK - Drawdown Comparison
The maximum UAPR drawdown since its inception was -14.61%, which is greater than ZDEK's maximum drawdown of -3.40%. Use the drawdown chart below to compare losses from any high point for UAPR and ZDEK.
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Drawdown Indicators
| UAPR | ZDEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.61% | -3.40% | -11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.58% | -1.57% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.87% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -0.50% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.39% | +0.44% |
Volatility
UAPR vs. ZDEK - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) has a higher volatility of 1.16% compared to Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) at 0.97%. This indicates that UAPR'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
| UAPR | ZDEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.97% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.01% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 3.33% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 3.45% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 3.45% | +5.05% |