EALT vs HF
Innovator US Equity 5 to 15 Buffer ETF - Quarterly vs DGA Core Plus Absolute Return ETF
Which is better, EALT or HF?
Each has led over a different period.
EALT has a lower expense ratio. EALT led over the full window, HF over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EALT | HF |
|---|---|---|
| Expense Ratio | 0.69%Best | 1.70% |
| AUM | $189M | $21M |
| Dividend Yield | 0.00% | 0.89% |
| Holdings | 23 | 57 |
| Volatility (annualized) | 7.8% | 7.4%Best |
| Max Drawdown | -5.8% | -3.9%Best |
| $10,000 over 1.2 years | $12,950Best | $11,863 |
| Fund Family | Innovator ETFs Trust | Days Global Advisors |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | Aug 2, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 671 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. EALT has data through Oct 14, 2026 and HF through Dec 12, 2024.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Oct 2, 2023 to Dec 12, 2024 (1.2 years).
Risk: Volatility and Drawdowns
EALT has been the more volatile fund, with annualized monthly volatility of 7.8% compared with 7.4% for HF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.8% for EALT and -3.9% for HF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EALT charges 0.69% per year while HF charges 1.70%. On a $10,000 position that is $69 vs $170 annually, a gap of $101 per year that compounds over a long holding period. On income, EALT currently yields 0.00% against 0.89% for HF.
Holdings Overlap
At least 6.7% of HF's money is in holdings EALT also owns.
Stated as a floor: for EALT, our book for it covers 100.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
HF and EALT share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in EALT and 16 in HF, against full books of 23 and 57.
Top Shared Holdings
| Stock | Weight in EALT | Weight in HF | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 99.95% | 6.74% | 93.21% |
You are not choosing between two funds in isolation.
Whichever of EALT and HF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EALT or HF?
EALT has an expense ratio of 0.69% while HF charges 1.70%. EALT is the cheaper option, by $101 a year on a $10,000 investment.
Which is riskier, EALT or HF?
EALT has been the more volatile fund at 7.8% annualized versus 7.4% for HF. Worst drawdown: EALT -5.8% vs HF -3.9%.
Should I hold both EALT and HF?
EALT and HF have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EALT and HF?
At least 6.7% of HF's money is in holdings EALT also owns. Our book for EALT is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 1 positions we hold weights for in EALT and 16 in HF.
Which pays a higher dividend, EALT or HF?
EALT yields 0.00% while HF yields 0.89%, so HF currently pays the higher dividend yield.
Is HF better than EALT?
EALT has a lower expense ratio. EALT led over the full window, HF over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.