BALT vs ETY

Comparison between Innovator Defined Wealth Shield ETF (BALT, ETF) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF).

5-Year PerformanceETY has outperformed BALT, delivering a return of +9.1% compared to +5.9%

BALT vs ETY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BALT(ETF)	ETY(ETF)
Net Assets	$2.50B	$2.50B
Expense Ratio	0.69%	N/A
Max Drawdown	4.89%	64.57%
Sharpe Ratio	1.34	0.04
5Y Beta	0.20	0.93
5Y Dividends CAGR	N/A	4.98%

Net Assets

BALT

$2.50B

ETY

$2.50B

Expense Ratio

BALT

0.69%

ETY

N/A

Max Drawdown

Winner

BALT

4.89%

ETY

64.57%

Sharpe Ratio

Winner

BALT

1.34

ETY

0.04

5Y Beta

Winner

BALT

0.20

ETY

0.93

5Y Dividends CAGR

BALT

N/A

ETY

4.98%

BALT vs ETY - Historical Returns

Returns include dividend reinvestment.

Period	BALT	ETY
1 month	+0.35%	-0.69%
3 months	+2.00%	+3.20%
6 months	+3.34%	+0.71%
1 year	+7.01%	+4.07%
5 years(CAGR)	+5.91%	+9.13%
10 years(CAGR)	N/A	+12.58%
Max(CAGR)	+5.91%	+8.52%

Winner

BALT

+0.35%

ETY

-0.69%

BALT

+2.00%

Winner

ETY

+3.20%

Winner

BALT

+3.34%

ETY

+0.71%

Winner

BALT

+7.01%

ETY

+4.07%

5Y(CAGR)

BALT

+5.91%

Winner

ETY

+9.13%

10Y(CAGR)

BALT

N/A

ETY

+12.58%

Max(CAGR)

BALT

+5.91%

Winner

ETY

+8.52%

BALT vs ETY - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	BALT	ETY
2026	+1.97%	-1.73%
2025	+6.57%	+11.01%
2024	+10.32%	+35.10%
2023	+7.61%	+21.52%
2022	+2.48%	-20.72%
2021	+0.82%	+34.82%
2020	N/A	+6.29%
2019	N/A	+31.23%
2018	N/A	-10.18%
2017	N/A	+29.36%
2016	N/A	+4.62%
2015	N/A	+9.12%
2014	N/A	+12.87%
2013	N/A	+25.11%
2012	N/A	+16.30%
2011	N/A	-13.08%
2010	N/A	-2.81%
2009	N/A	+36.46%
2008	N/A	-25.83%
2007	N/A	-8.21%
2006	N/A	+0.25%

BALT vs ETY Drawdown Comparison

The maximum drawdown for BALT was -4.89%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.

The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.

The current BALT drawdown is -0.07%. The current ETY drawdown is -4.26%.

Rank	BALT	ETY
#1	-4.89% Feb 20, 2025 - Jun 3, 2025	-52.91% Jun 1, 2007 - Jan 18, 2013
#2	-2.16% Jan 4, 2022 - Jul 8, 2022	-42.40% Feb 12, 2020 - Nov 17, 2020
#3	-1.98% Aug 25, 2022 - Nov 10, 2022	-24.43% Sep 13, 2018 - Jun 20, 2019
#4	-1.85% Jul 16, 2024 - Aug 19, 2024	-24.03% Dec 31, 2021 - Feb 5, 2024
#5	-1.84% Sep 14, 2023 - Nov 14, 2023	-21.28% Feb 19, 2025 - Jun 25, 2025
#6	-1.15% Feb 25, 2026 - Apr 14, 2026	-14.39% Sep 22, 2025 - Mar 30, 2026
#7	-1.14% Aug 30, 2024 - Sep 13, 2024	-13.90% Nov 3, 2015 - Aug 5, 2016
#8	-1.03% Mar 28, 2024 - May 9, 2024	-12.52% Sep 3, 2014 - Nov 5, 2014
#9	-0.85% Jul 31, 2023 - Aug 30, 2023	-11.93% Jul 20, 2015 - Nov 3, 2015
#10	-0.85% Nov 11, 2025 - Nov 25, 2025	-8.97% Jan 26, 2018 - May 8, 2018
#11	-0.76% Dec 16, 2024 - Dec 24, 2024	-8.63% Sep 8, 2016 - Jan 26, 2017
#12	-0.76% Mar 6, 2023 - Mar 21, 2023	-8.09% May 21, 2013 - Jul 15, 2013
#13	-0.62% Dec 11, 2025 - Dec 22, 2025	-7.21% Jul 10, 2024 - Aug 30, 2024
#14	-0.58% Sep 27, 2021 - Oct 19, 2021	-6.77% Nov 28, 2014 - Feb 27, 2015
#15	-0.55% Oct 8, 2025 - Oct 20, 2025	-6.17% Jan 22, 2014 - Feb 18, 2014