UNOV vs. WLTG
UNOV (Innovator U.S. Equity Ultra Buffer ETF - November) and WLTG (WealthTrust DBS Long Term Growth ETF) are both exchange-traded funds - UNOV is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect November Series Index, while WLTG is a Large Cap Blend Equities fund actively managed by WealthTrust. UNOV is passively managed, while WLTG is actively managed. Over the past 3 years, UNOV returned 9.62%/yr vs 22.33%/yr for WLTG. Their correlation of 0.86 means they have usually moved in the same direction. UNOV charges 0.79%/yr vs 0.75%/yr for WLTG.
Performance
UNOV vs. WLTG - Performance Comparison
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Returns By Period
In the year-to-date period, UNOV achieves a 6.92% return, which is significantly lower than WLTG's 9.48% return.
UNOV
- 1D
- 0.67%
- 1M
- 1.37%
- 6M
- 5.74%
- YTD
- 6.92%
- 1Y
- 12.07%
- 3Y*
- 9.62%
- 5Y*
- 6.86%
- 10Y*
- —
- ALL TIME*
- 7.08%
WLTG
- 1D
- 1.27%
- 1M
- 2.54%
- 6M
- 5.69%
- YTD
- 9.48%
- 1Y
- 23.62%
- 3Y*
- 22.33%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $167.14K | $174.47K | $1.54M | |
| $496.70K | $342.40K | $441.53K |
UNOV vs. WLTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UNOV Innovator U.S. Equity Ultra Buffer ETF - November | 6.92% | 9.92% | 9.42% | 14.18% | -6.23% | 1.39% |
WLTG WealthTrust DBS Long Term Growth ETF | 9.48% | 24.55% | 26.90% | 17.00% | -22.64% | 1.43% |
Correlation
The correlation between UNOV and WLTG is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.86 |
The correlation between UNOV and WLTG has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
UNOV vs. WLTG — Risk / Return Rank
UNOV
WLTG
UNOV vs. WLTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) and WealthTrust DBS Long Term Growth ETF (WLTG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UNOV | WLTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.48 | +0.20 |
| Martin ratioReturn relative to average drawdown | 12.59 | 10.68 | +1.92 |
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Drawdowns
UNOV vs. WLTG - Drawdown Comparison
The maximum UNOV drawdown since its inception was -13.84%, smaller than the maximum WLTG drawdown of -25.14%. Use the drawdown chart below to compare losses from any high point for UNOV and WLTG.
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Drawdown Indicators
| UNOV | WLTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.84% | -25.14% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -9.56% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -17.12% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.10% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -8.80% | +7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.22% | -1.26% |
Volatility
UNOV vs. WLTG - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) is 2.02%, while WealthTrust DBS Long Term Growth ETF (WLTG) has a volatility of 3.78%. This indicates that UNOV experiences smaller price fluctuations and is considered to be less risky than WLTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNOV | WLTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 3.78% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 10.92% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 14.29% | -8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 15.15% | -8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 15.15% | -7.45% |
UNOV vs. WLTG - Expense Ratio Comparison
UNOV has a 0.79% expense ratio, which is higher than WLTG's 0.75% expense ratio.
Dividends
UNOV vs. WLTG - Dividend Comparison
UNOV has not paid dividends to shareholders, while WLTG's dividend yield for the trailing twelve months is around 4.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
UNOV Innovator U.S. Equity Ultra Buffer ETF - November | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WLTG WealthTrust DBS Long Term Growth ETF | 4.05% | 4.43% | 0.55% | 0.71% | 0.44% | 0.02% |
Frequently Asked Questions
UNOV and WLTG have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WLTG has higher volatility (3.78%) compared to UNOV (2.02%). In terms of maximum drawdown, UNOV dropped -13.84% vs WLTG's -25.14%.
On 3-year performance, WLTG leads with 22.33% vs 9.62% for UNOV. On fees, WLTG is cheaper at 0.75% per year. On volatility, UNOV has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WLTG has performed better with a 22.33% return vs 9.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WLTG is cheaper with a 0.75% expense ratio, compared with 0.79% for UNOV.
WLTG has the higher dividend yield at 4.05%, compared with 0.00% for UNOV.
UNOV is categorized as Defined Outcome, while WLTG is Large Cap Blend Equities. They also come from different issuers: Innovator and WealthTrust. Their fees differ too: 0.79% for UNOV and 0.75% for WLTG.
UNOV currently has the higher Sharpe Ratio (2.02 vs 1.66), 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.
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