ZDEK vs. UAUG
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG).
ZDEK and UAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDEK is an actively managed fund by Innovator. It was launched on Dec 1, 2024. UAUG is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Jul 31, 2019.
Performance
ZDEK vs. UAUG - Performance Comparison
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ZDEK vs. UAUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | -0.30% | 7.78% | -0.38% |
UAUG Innovator U.S. Equity Ultra Buffer ETF - August | -1.08% | 12.42% | -1.01% |
Returns By Period
In the year-to-date period, ZDEK achieves a -0.30% return, which is significantly higher than UAUG's -1.08% return.
ZDEK
- 1D
- 0.14%
- 1M
- -0.70%
- YTD
- -0.30%
- 6M
- 1.51%
- 1Y
- 8.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAUG
- 1D
- 0.37%
- 1M
- -1.82%
- YTD
- -1.08%
- 6M
- 0.37%
- 1Y
- 13.67%
- 3Y*
- 13.45%
- 5Y*
- 6.91%
- 10Y*
- —
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ZDEK vs. UAUG - Expense Ratio Comparison
Both ZDEK and UAUG have an expense ratio of 0.79%.
Return for Risk
ZDEK vs. UAUG — Risk / Return Rank
ZDEK
UAUG
ZDEK vs. UAUG - 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 U.S. Equity Ultra Buffer ETF - August (UAUG). 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 | UAUG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.43 | 1.46 | +0.97 |
Sortino ratioReturn per unit of downside risk | 3.69 | 2.15 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.35 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 5.32 | 2.23 | +3.09 |
Martin ratioReturn relative to average drawdown | 21.69 | 11.11 | +10.58 |
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 | UAUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.46 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.82 | +0.72 |
Correlation
The correlation between ZDEK and UAUG is 0.88, 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.
Dividends
ZDEK vs. UAUG - Dividend Comparison
Neither ZDEK nor UAUG has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
UAUG Innovator U.S. Equity Ultra Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% |
Drawdowns
ZDEK vs. UAUG - Drawdown Comparison
The maximum ZDEK drawdown since its inception was -3.40%, smaller than the maximum UAUG drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for ZDEK and UAUG.
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Drawdown Indicators
| ZDEK | UAUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.40% | -13.91% | +10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -6.31% | +4.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.91% | — |
Current DrawdownCurrent decline from peak | -0.87% | -2.16% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -2.41% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.27% | -0.88% |
Volatility
ZDEK vs. UAUG - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) is 0.97%, while Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) has a volatility of 2.86%. This indicates that ZDEK experiences smaller price fluctuations and is considered to be less risky than UAUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZDEK | UAUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.86% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 4.32% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 9.43% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 7.85% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 8.80% | -5.35% |