ZALT vs. XIMR

Last updated Jun 25, 2026

ZALT (Innovator U.S. Equity 10 Buffer ETF - Quarterly) and XIMR (FT Vest U.S. Equity Buffer & Premium Income ETF - March) are both Options Trading funds. Both are actively managed. Over the past year, ZALT returned 9.73% vs 7.77% for XIMR. A 0.59 correlation means they provide meaningful diversification when combined. ZALT charges 0.69%/yr vs 0.85%/yr for XIMR.

Performance

ZALT vs. XIMR - 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 FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZALT achieves a 3.84% return, which is significantly lower than XIMR's 4.18% return.

ZALT

• 1D: 0.03%
• 1M: 0.45%
• YTD: 3.84%
• 6M: 3.08%
• 1Y: 9.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XIMR

• 1D: 0.03%
• 1M: 0.15%
• YTD: 4.18%
• 6M: 4.31%
• 1Y: 7.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZALT vs. XIMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ZALT Innovator U.S. Equity 10 Buffer ETF - Quarterly	3.84%	9.44%	8.95%
XIMR FT Vest U.S. Equity Buffer & Premium Income ETF - March	4.18%	6.80%	5.75%

Correlation

The correlation between ZALT and XIMR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.59

The correlation between ZALT and XIMR has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

Return for Risk

ZALT vs. XIMR — Risk / Return Rank

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

ZALT

ZALT Risk / Return Rank: 89
ZALT Sharpe Ratio Rank: 84
ZALT Sortino Ratio Rank: 85
ZALT Omega Ratio Rank: 90
ZALT Calmar Ratio Rank: 93
ZALT Martin Ratio Rank: 92

XIMR

XIMR Risk / Return Rank: 97
XIMR Sharpe Ratio Rank: 97
XIMR Sortino Ratio Rank: 98
XIMR Omega Ratio Rank: 98
XIMR Calmar Ratio Rank: 95
XIMR Martin Ratio Rank: 98

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.

ZALT vs. XIMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR). 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.

	ZALT	XIMR	Difference
Sharpe ratio: Return per unit of total volatility	2.39	3.82	-1.44
Sortino ratio: Return per unit of downside risk	3.37	6.91	-3.54
Omega ratio: Gain probability vs. loss probability	1.51	2.19	-0.68
Calmar ratio: Return relative to maximum drawdown	5.72	7.20	-1.48
Martin ratio: Return relative to average drawdown	20.43	57.80	-37.37

ZALT vs. XIMR - Sharpe Ratio Comparison

The current ZALT Sharpe Ratio is 2.39, which is lower than the XIMR Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of ZALT and XIMR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ZALT vs. XIMR - Drawdown Comparison

The maximum ZALT drawdown since its inception was -8.19%, which is greater than XIMR's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for ZALT and XIMR.

Drawdown Indicators

	ZALT	XIMR	Difference
Max Drawdown Largest peak-to-trough decline	-8.19%	-5.12%	-3.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.71%	-1.08%	-0.63%
Current Drawdown Current decline from peak	-0.03%	-0.27%	+0.24%
Average Drawdown Average peak-to-trough decline	-0.47%	-0.17%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.13%	+0.35%

Volatility

ZALT vs. XIMR - Volatility Comparison

The current volatility for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) is 0.36%, while FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR) has a volatility of 0.78%. This indicates that ZALT experiences smaller price fluctuations and is considered to be less risky than XIMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZALT	XIMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	0.78%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	1.79%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	2.04%	+2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.31%	4.34%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.31%	4.34%	+1.97%

ZALT vs. XIMR - Expense Ratio Comparison

ZALT has a 0.69% expense ratio, which is lower than XIMR's 0.85% expense ratio.

Dividends

ZALT vs. XIMR - Dividend Comparison

ZALT has not paid dividends to shareholders, while XIMR's dividend yield for the trailing twelve months is around 6.43%.

Position	TTM	2025	2024
XIMR FT Vest U.S. Equity Buffer & Premium Income ETF - March	6.43%	6.41%	4.44%
ZALT Innovator U.S. Equity 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZALT and XIMR in my portfolio?

ZALT and XIMR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZALT or XIMR?

XIMR has higher volatility (0.78%) compared to ZALT (0.36%). In terms of maximum drawdown, ZALT dropped -8.19% vs XIMR's -5.12%.

Which ETF is better, ZALT or XIMR?

On 1-year performance, ZALT leads with 9.73% vs 7.77% for XIMR. On fees, ZALT is cheaper at 0.69% per year. On volatility, ZALT has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZALT or XIMR?

Over the 1-year period, ZALT has performed better with a 9.73% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZALT or XIMR?

ZALT is cheaper with a 0.69% expense ratio, compared with 0.85% for XIMR.

Which ETF pays a higher dividend yield, ZALT or XIMR?

XIMR has the higher dividend yield at 6.43%, compared with 0.00% for ZALT.

What is the main difference between ZALT and XIMR?

They also come from different issuers: Innovator and FT Vest. Their fees differ too: 0.69% for ZALT and 0.85% for XIMR.

Which has better risk-adjusted returns?

XIMR currently has the higher Sharpe Ratio (3.82 vs 2.39), 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.