ZAUG vs. SPHD
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
ZAUG and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZAUG is an actively managed fund by Innovator. It was launched on Jul 31, 2024. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Performance
ZAUG vs. SPHD - Performance Comparison
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ZAUG vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZAUG Innovator Equity Defined Protection ETF - 1 Yr August | -0.33% | 7.38% | 3.62% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.64% | 3.41% | 2.77% |
Returns By Period
In the year-to-date period, ZAUG achieves a -0.33% return, which is significantly lower than SPHD's 4.64% return.
ZAUG
- 1D
- 0.63%
- 1M
- -0.97%
- YTD
- -0.33%
- 6M
- 0.63%
- 1Y
- 7.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- 0.55%
- 1M
- -4.99%
- YTD
- 4.64%
- 6M
- 2.81%
- 1Y
- 3.20%
- 3Y*
- 9.99%
- 5Y*
- 7.05%
- 10Y*
- 7.24%
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ZAUG vs. SPHD - Expense Ratio Comparison
ZAUG has a 0.79% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Return for Risk
ZAUG vs. SPHD — Risk / Return Rank
ZAUG
SPHD
ZAUG vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.
| ZAUG | SPHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.22 | +1.49 |
Sortino ratioReturn per unit of downside risk | 2.50 | 0.41 | +2.09 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.05 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 0.38 | +2.18 |
Martin ratioReturn relative to average drawdown | 13.53 | 1.22 | +12.30 |
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
| ZAUG | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.22 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.59 | +0.77 |
Correlation
The correlation between ZAUG and SPHD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZAUG vs. SPHD - Dividend Comparison
ZAUG has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 4.31%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZAUG Innovator Equity Defined Protection ETF - 1 Yr August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Drawdowns
ZAUG vs. SPHD - Drawdown Comparison
The maximum ZAUG drawdown since its inception was -4.83%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for ZAUG and SPHD.
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Drawdown Indicators
| ZAUG | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.83% | -41.39% | +36.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -11.33% | +8.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -1.10% | -5.14% | +4.04% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -4.70% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 3.67% | -3.08% |
Volatility
ZAUG vs. SPHD - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) is 1.22%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.21%. This indicates that ZAUG experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZAUG | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 3.21% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 7.91% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 14.51% | -9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 14.20% | -9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 17.65% | -12.88% |