EALT vs ZALT
Innovator US Equity 5 to 15 Buffer ETF - Quarterly vs Innovator US Equity 10 Buffer ETF - Quarterly
Which is better, EALT or ZALT?
Each has led over a different period.
EALT led over 3Y and the full window, ZALT over 1Y. The two have moved almost in lockstep, correlation 0.95.
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 | ZALT |
|---|---|---|
| Expense Ratio | 0.69%Tie | 0.69%Tie |
| AUM | $189M | $794M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 23 | 18 |
| YTD Return | +3.94% | +6.44%Best |
| 1Y Return | +6.78% | +9.12%Best |
| 3Y Return (annualized) | +12.25%Best | +10.33% |
| Volatility (annualized) | 8.7% | 3.8%Best |
| Max Drawdown | -14.8% | -8.2%Best |
| $10,000 over 3 years | $14,322Best | $13,518 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | Oct 2, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 14, 2026 (3 years).
EALT vs ZALT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
EALT vs ZALT Performance
Innovator US Equity 5 to 15 Buffer ETF - Quarterly (EALT) is an ETF from Innovator ETFs Trust and Innovator US Equity 10 Buffer ETF - Quarterly (ZALT) is an ETF from Innovator ETFs Trust. Over the past year EALT returned +6.78% while ZALT returned +9.12%. Year to date, EALT is up 3.94% versus a gain of 6.44% for ZALT.
Over three years, EALT compounded at +12.25% per year against +10.33% for ZALT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EALT has been the more volatile fund, with annualized monthly volatility of 8.7% compared with 3.8% for ZALT. 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 -14.8% for EALT and -8.2% for ZALT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EALT charges 0.69% per year while ZALT charges 0.69%. On a $10,000 position that is $69 vs $69 annually. On income, EALT currently yields 0.00% against 0.00% for ZALT.
You are not choosing between two funds in isolation.
Whichever of EALT and ZALT 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 ZALT?
EALT has an expense ratio of 0.69% while ZALT charges 0.69%. At the precision these are quoted to, they cost the same.
Which performed better, EALT or ZALT?
Over the past year EALT returned +6.78% vs +9.12% for ZALT, so ZALT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EALT or ZALT?
EALT has been the more volatile fund at 8.7% annualized versus 3.8% for ZALT. Worst drawdown: EALT -14.8% vs ZALT -8.2%.
Should I hold both EALT and ZALT?
EALT and ZALT have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, EALT or ZALT?
EALT yields 0.00% while ZALT yields 0.00%, so ZALT currently pays the higher dividend yield.
Is ZALT better than EALT?
EALT led over 3Y and the full window, ZALT over 1Y. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.