PortfoliosLab logo
ZALT vs. HEQT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ZALT and HEQT 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.


-0.50.00.51.0
Correlation: 0.8

Performance

ZALT vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and Simplify Hedged Equity ETF (HEQT). The values are adjusted to include any dividend payments, if applicable.

10.00%15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
17.16%
23.71%
ZALT
HEQT

Key characteristics

Sharpe Ratio

ZALT:

1.18

HEQT:

1.19

Sortino Ratio

ZALT:

1.72

HEQT:

1.69

Omega Ratio

ZALT:

1.31

HEQT:

1.24

Calmar Ratio

ZALT:

1.29

HEQT:

1.16

Martin Ratio

ZALT:

6.78

HEQT:

4.19

Ulcer Index

ZALT:

1.56%

HEQT:

2.91%

Daily Std Dev

ZALT:

9.01%

HEQT:

10.20%

Max Drawdown

ZALT:

-8.19%

HEQT:

-11.51%

Current Drawdown

ZALT:

-1.45%

HEQT:

-5.37%

Returns By Period

In the year-to-date period, ZALT achieves a 0.71% return, which is significantly higher than HEQT's -2.04% return.


ZALT

YTD

0.71%

1M

6.13%

6M

2.25%

1Y

9.88%

5Y*

N/A

10Y*

N/A

HEQT

YTD

-2.04%

1M

4.69%

6M

0.27%

1Y

10.47%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ZALT vs. HEQT - Expense Ratio Comparison

ZALT has a 0.69% expense ratio, which is higher than HEQT's 0.53% expense ratio.


Expense ratio chart for ZALT: current value is 0.69%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ZALT: 0.69%
Expense ratio chart for HEQT: current value is 0.53%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEQT: 0.53%

Risk-Adjusted Performance

ZALT vs. HEQT — Risk-Adjusted Performance Rank

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

ZALT
The Risk-Adjusted Performance Rank of ZALT is 8686
Overall Rank
The Sharpe Ratio Rank of ZALT is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of ZALT is 8383
Sortino Ratio Rank
The Omega Ratio Rank of ZALT is 9090
Omega Ratio Rank
The Calmar Ratio Rank of ZALT is 8585
Calmar Ratio Rank
The Martin Ratio Rank of ZALT is 8888
Martin Ratio Rank

HEQT
The Risk-Adjusted Performance Rank of HEQT is 8282
Overall Rank
The Sharpe Ratio Rank of HEQT is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of HEQT is 8282
Sortino Ratio Rank
The Omega Ratio Rank of HEQT is 8383
Omega Ratio Rank
The Calmar Ratio Rank of HEQT is 8282
Calmar Ratio Rank
The Martin Ratio Rank of HEQT is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ZALT vs. HEQT - 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 Simplify Hedged Equity ETF (HEQT). 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.


The chart of Sharpe ratio for ZALT, currently valued at 1.18, compared to the broader market-1.000.001.002.003.004.00
ZALT: 1.18
HEQT: 1.19
The chart of Sortino ratio for ZALT, currently valued at 1.72, compared to the broader market-2.000.002.004.006.008.00
ZALT: 1.72
HEQT: 1.69
The chart of Omega ratio for ZALT, currently valued at 1.31, compared to the broader market0.501.001.502.002.50
ZALT: 1.31
HEQT: 1.24
The chart of Calmar ratio for ZALT, currently valued at 1.29, compared to the broader market0.002.004.006.008.0010.0012.00
ZALT: 1.29
HEQT: 1.16
The chart of Martin ratio for ZALT, currently valued at 6.78, compared to the broader market0.0020.0040.0060.00
ZALT: 6.78
HEQT: 4.19

The current ZALT Sharpe Ratio is 1.18, which is comparable to the HEQT Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of ZALT and HEQT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
1.18
1.19
ZALT
HEQT

Dividends

ZALT vs. HEQT - Dividend Comparison

ZALT has not paid dividends to shareholders, while HEQT's dividend yield for the trailing twelve months is around 1.25%.


TTM2024202320222021
ZALT
Innovator U.S. Equity 10 Buffer ETF - Quarterly
0.00%0.00%0.00%0.00%0.00%
HEQT
Simplify Hedged Equity ETF
1.25%1.29%4.10%3.94%0.27%

Drawdowns

ZALT vs. HEQT - Drawdown Comparison

The maximum ZALT drawdown since its inception was -8.19%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for ZALT and HEQT. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-1.45%
-5.37%
ZALT
HEQT

Volatility

ZALT vs. HEQT - Volatility Comparison

Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) has a higher volatility of 7.32% compared to Simplify Hedged Equity ETF (HEQT) at 5.33%. This indicates that ZALT's price experiences larger fluctuations and is considered to be riskier than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%December2025FebruaryMarchAprilMay
7.32%
5.33%
ZALT
HEQT