ZDEK vs. FFTY
ZDEK (Innovator Equity Defined Protection ETF - 1 Yr December) and FFTY (Innovator IBD 50 ETF) are both exchange-traded funds - ZDEK is a Defined Outcome fund actively managed by Innovator, while FFTY is a Large Cap Growth Equities fund tracking the IBD 50 Index. ZDEK is actively managed, while FFTY is passively managed. Over the past year, ZDEK returned 9.03% vs 38.14% for FFTY. A 0.61 correlation means they provide meaningful diversification when combined. ZDEK charges 0.79%/yr vs 0.80%/yr for FFTY.
Performance
ZDEK vs. FFTY - Performance Comparison
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Returns By Period
In the year-to-date period, ZDEK achieves a 2.56% return, which is significantly lower than FFTY's 20.11% return.
ZDEK
- 1D
- -0.04%
- 1M
- 0.84%
- YTD
- 2.56%
- 6M
- 2.82%
- 1Y
- 9.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFTY
- 1D
- -0.14%
- 1M
- 7.67%
- YTD
- 20.11%
- 6M
- 21.02%
- 1Y
- 38.14%
- 3Y*
- 21.57%
- 5Y*
- -0.60%
- 10Y*
- 7.57%
ZDEK vs. FFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 2.56% | 7.78% | -0.38% |
FFTY Innovator IBD 50 ETF | 20.11% | 23.38% | -7.34% |
Correlation
The correlation between ZDEK and FFTY is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | 0.62 |
The correlation between ZDEK and FFTY has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.
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Return for Risk
ZDEK vs. FFTY — Risk / Return Rank
ZDEK
FFTY
ZDEK vs. FFTY - 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 Innovator IBD 50 ETF (FFTY). 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.
| ZDEK | FFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.20 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 1.65 | +4.37 |
| Martin ratioReturn relative to average drawdown | 30.78 | 4.36 | +26.42 |
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
| ZDEK | FFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.28 | 1.12 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.02 | 0.20 | +1.83 |
Drawdowns
ZDEK vs. FFTY - Drawdown Comparison
The maximum ZDEK drawdown since its inception was -3.40%, smaller than the maximum FFTY drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for ZDEK and FFTY.
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Drawdown Indicators
| ZDEK | FFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.40% | -59.46% | +56.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -23.29% | +21.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.46% | — |
Current DrawdownCurrent decline from peak | -0.04% | -15.34% | +15.30% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -22.38% | +21.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 8.77% | -8.48% |
Volatility
ZDEK vs. FFTY - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) is 0.36%, while Innovator IBD 50 ETF (FFTY) has a volatility of 9.42%. This indicates that ZDEK experiences smaller price fluctuations and is considered to be less risky than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZDEK | FFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 9.42% | -9.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 26.18% | -24.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 34.09% | -31.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 29.14% | -25.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 27.41% | -24.10% |
ZDEK vs. FFTY - Expense Ratio Comparison
ZDEK has a 0.79% expense ratio, which is lower than FFTY's 0.80% expense ratio.
Dividends
ZDEK vs. FFTY - Dividend Comparison
ZDEK has not paid dividends to shareholders, while FFTY's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFTY Innovator IBD 50 ETF | 1.12% | 1.35% | 0.91% | 0.65% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
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% |
Frequently Asked Questions
ZDEK and FFTY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFTY has higher volatility (9.42%) compared to ZDEK (0.36%). In terms of maximum drawdown, ZDEK dropped -3.40% vs FFTY's -59.46%.
On 1-year performance, FFTY leads with 38.14% vs 9.03% for ZDEK. On fees, ZDEK is cheaper at 0.79% per year. On volatility, ZDEK has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFTY has performed better with a 38.14% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZDEK is cheaper with a 0.79% expense ratio, compared with 0.80% for FFTY.
FFTY has the higher dividend yield at 1.12%, compared with 0.00% for ZDEK.
ZDEK is categorized as Defined Outcome, while FFTY is Large Cap Growth Equities. Their fees differ too: 0.79% for ZDEK and 0.80% for FFTY.
ZDEK currently has the higher Sharpe Ratio (3.28 vs 1.12), 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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