ZALT vs. BALT
Compare and contrast key facts about Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and Innovator Defined Wealth Shield ETF (BALT).
ZALT and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZALT or BALT.
Performance
ZALT vs. BALT - Performance Comparison
Returns By Period
In the year-to-date period, ZALT achieves a 12.07% return, which is significantly higher than BALT's 9.43% return.
ZALT
12.07%
1.29%
7.70%
13.29%
N/A
N/A
BALT
9.43%
1.03%
5.84%
10.28%
N/A
N/A
Key characteristics
| ZALT | BALT | |
|---|---|---|
| Sharpe Ratio | 2.97 | 3.44 |
| Sortino Ratio | 4.11 | 5.24 |
| Omega Ratio | 1.68 | 1.79 |
| Calmar Ratio | 4.05 | 5.57 |
| Martin Ratio | 24.28 | 30.02 |
| Ulcer Index | 0.55% | 0.34% |
| Daily Std Dev | 4.48% | 2.99% |
| Max Drawdown | -3.28% | -2.16% |
| Current Drawdown | -0.13% | 0.00% |
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ZALT vs. BALT - Expense Ratio Comparison
Both ZALT and BALT have an expense ratio of 0.69%.
Correlation
The correlation between ZALT and BALT is 0.75, 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.
Risk-Adjusted Performance
ZALT vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and Innovator Defined Wealth Shield ETF (BALT). 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.
Dividends
ZALT vs. BALT - Dividend Comparison
Neither ZALT nor BALT has paid dividends to shareholders.
Drawdowns
ZALT vs. BALT - Drawdown Comparison
The maximum ZALT drawdown since its inception was -3.28%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for ZALT and BALT. For additional features, visit the drawdowns tool.
Volatility
ZALT vs. BALT - Volatility Comparison
Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) has a higher volatility of 1.40% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.82%. This indicates that ZALT's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.