UPAR vs ZALT
UPAR Ultra Risk Parity ETF vs Innovator US Equity 10 Buffer ETF - Quarterly
Which is better, UPAR or ZALT?
Each has led over a different period.
UPAR has a lower expense ratio. UPAR led over 3Y and the full window, ZALT 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 | UPAR | ZALT |
|---|---|---|
| Expense Ratio | 0.68%Best | 0.69% |
| AUM | $54M | $794M |
| Dividend Yield | 3.47% | 0.00% |
| Holdings | 141 | 18 |
| YTD Return | -0.01% | +6.44%Best |
| 1Y Return | +1.17% | +9.12%Best |
| 3Y Return (annualized) | +12.12%Best | +10.33% |
| Volatility (annualized) | 15.9% | 3.8%Best |
| Max Drawdown | -16.0% | -8.2%Best |
| $10,000 over 3 years | $14,166Best | $13,518 |
| Fund Family | Rpar ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 3, 2022 | 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).
UPAR 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.
UPAR vs ZALT Performance
UPAR Ultra Risk Parity ETF (UPAR) is an ETF from Rpar ETF and Innovator US Equity 10 Buffer ETF - Quarterly (ZALT) is an ETF from Innovator ETFs Trust. Over the past year UPAR returned +1.17% while ZALT returned +9.12%. Year to date, UPAR is down 0.01% versus a gain of 6.44% for ZALT.
Over three years, UPAR compounded at +12.12% per year against +10.33% for ZALT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPAR has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -16.0% for UPAR 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
UPAR charges 0.68% per year while ZALT charges 0.69%. On a $10,000 position that is $68 vs $69 annually, a gap of $1 per year that compounds over a long holding period. On income, UPAR currently yields 3.47% against 0.00% for ZALT.
You are not choosing between two funds in isolation.
Whichever of UPAR 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, UPAR or ZALT?
UPAR has an expense ratio of 0.68% while ZALT charges 0.69%. UPAR is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, UPAR or ZALT?
Over the past year UPAR returned +1.17% 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, UPAR or ZALT?
UPAR has been the more volatile fund at 15.9% annualized versus 3.8% for ZALT. Worst drawdown: UPAR -16.0% vs ZALT -8.2%.
Should I hold both UPAR and ZALT?
UPAR and ZALT have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, UPAR or ZALT?
UPAR yields 3.47% while ZALT yields 0.00%, so UPAR currently pays the higher dividend yield.
Is ZALT better than UPAR?
UPAR has a lower expense ratio. UPAR led over 3Y and the full window, ZALT over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.