ZDEK vs. ENFR
ZDEK (Innovator Equity Defined Protection ETF - 1 Yr December) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - ZDEK is a Defined Outcome fund actively managed by Innovator, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. ZDEK is actively managed, while ENFR is passively managed. Over the past year, ZDEK returned 7.68% vs 28.68% for ENFR. At a 0.13 correlation, their price movements are largely independent. ZDEK charges 0.79%/yr vs 0.35%/yr for ENFR.
Performance
ZDEK vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, ZDEK achieves a 2.98% return, which is significantly lower than ENFR's 26.07% return.
ZDEK
- 1D
- 0.11%
- 1M
- 0.59%
- 6M
- 2.77%
- YTD
- 2.98%
- 1Y
- 7.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- -0.77%
- 1M
- 0.08%
- 6M
- 27.71%
- YTD
- 26.07%
- 1Y
- 28.68%
- 3Y*
- 27.13%
- 5Y*
- 20.42%
- 10Y*
- 11.57%
ZDEK vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 2.98% | 7.78% | -0.33% |
ENFR Alerian Energy Infrastructure ETF | 26.07% | 5.88% | -5.92% |
Correlation
The correlation between ZDEK and ENFR is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2024 | 0.13 |
The correlation between ZDEK and ENFR shifts across timeframes, from -0.10 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZDEK vs. ENFR — Risk / Return Rank
ZDEK
ENFR
ZDEK vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) and Alerian Energy Infrastructure ETF (ENFR). 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.
| ZDEK | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.33 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | 3.39 | +1.56 |
| Martin ratioReturn relative to average drawdown | 25.15 | 8.36 | +16.79 |
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Drawdowns
ZDEK vs. ENFR - Drawdown Comparison
The maximum ZDEK drawdown since its inception was -3.40%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for ZDEK and ENFR.
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Drawdown Indicators
| ZDEK | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.40% | -68.28% | +64.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -8.64% | +7.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.84% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -15.89% | +15.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 3.50% | -3.20% |
Volatility
ZDEK vs. ENFR - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) is 0.69%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.61%. This indicates that ZDEK experiences smaller price fluctuations and is considered to be less risky than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZDEK | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 5.61% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 11.96% | -10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 15.06% | -12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 19.27% | -16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 24.65% | -21.39% |
ZDEK vs. ENFR - Expense Ratio Comparison
ZDEK has a 0.79% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
ZDEK vs. ENFR - Dividend Comparison
ZDEK has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.98% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZDEK and ENFR have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.61%) compared to ZDEK (0.69%). In terms of maximum drawdown, ZDEK dropped -3.40% vs ENFR's -68.28%.
On 1-year performance, ENFR leads with 28.68% vs 7.68% for ZDEK. On fees, ENFR is cheaper at 0.35% per year. On volatility, ZDEK has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ENFR has performed better with a 28.68% return vs 7.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ENFR is cheaper with a 0.35% expense ratio, compared with 0.79% for ZDEK.
ENFR has the higher dividend yield at 3.98%, compared with 0.00% for ZDEK.
ZDEK is categorized as Defined Outcome, while ENFR is Energy Equities. They also come from different issuers: Innovator and SS&C. Their fees differ too: 0.79% for ZDEK and 0.35% for ENFR.
ZDEK currently has the higher Sharpe Ratio (2.83 vs 1.95), 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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