BALT vs SPYX

Comparison between Innovator Defined Wealth Shield ETF (BALT, ETF) and STATE STREET(R) SPDR(R) S&P 500(R) FOSSIL FUEL RESERVES FREE ETF (SPYX, ETF).

5-Year PerformanceSPYX has outperformed BALT, delivering a return of +12.6% compared to +6.0%

BALT vs SPYX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BALT(ETF)	SPYX(ETF)
Net Assets	$2.60B	$2.70B
Expense Ratio	0.69%	0.20%
Max Drawdown	4.89%	33.23%
Sharpe Ratio	1.36	1.29
5Y Beta	0.20	0.99
P/E Ratio	N/A	28.12
Forward P/E	N/A	21.26
5Y Dividends CAGR	N/A	5.35%
5Y EPS CAGR	N/A	28.07%
Debt to Equity	N/A	36.09%
P/S Ratio	N/A	3.68
P/B Ratio	N/A	5.70

Net Assets

BALT

$2.60B

Winner

SPYX

$2.70B

Expense Ratio

BALT

0.69%

Winner

SPYX

0.20%

Max Drawdown

Winner

BALT

4.89%

SPYX

33.23%

Sharpe Ratio

Winner

BALT

1.36

SPYX

1.29

5Y Beta

Winner

BALT

0.20

SPYX

0.99

P/E Ratio

BALT

N/A

SPYX

28.12

Forward P/E

BALT

N/A

SPYX

21.26

5Y Dividends CAGR

BALT

N/A

SPYX

5.35%

5Y EPS CAGR

BALT

N/A

SPYX

28.07%

Debt to Equity

BALT

N/A

SPYX

36.09%

P/S Ratio

BALT

N/A

SPYX

3.68

P/B Ratio

BALT

N/A

SPYX

5.70

BALT vs SPYX - Historical Returns

Returns include dividend reinvestment.

Period	BALT	SPYX
1 month	+0.55%	+0.06%
3 months	+1.71%	+8.78%
6 months	+2.36%	+9.16%
1 year	+6.83%	+21.22%
5 years(CAGR)	+5.99%	+12.63%
10 years(CAGR)	N/A	+15.21%
Max(CAGR)	+5.95%	+14.67%

Winner

BALT

+0.55%

SPYX

+0.06%

BALT

+1.71%

Winner

SPYX

+8.78%

BALT

+2.36%

Winner

SPYX

+9.16%

BALT

+6.83%

Winner

SPYX

+21.22%

5Y(CAGR)

BALT

+5.99%

Winner

SPYX

+12.63%

10Y(CAGR)

BALT

N/A

SPYX

+15.21%

Max(CAGR)

BALT

+5.95%

Winner

SPYX

+14.67%

BALT vs SPYX - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	BALT	SPYX
2026	+2.59%	+10.15%
2025	+6.57%	+18.23%
2024	+10.32%	+26.04%
2023	+7.61%	+27.44%
2022	+2.48%	-19.97%
2021	+0.82%	+30.12%
2020	N/A	+18.84%
2019	N/A	+31.63%
2018	N/A	-4.86%
2017	N/A	+22.61%
2016	N/A	+12.60%
2015	N/A	-2.02%

BALT vs SPYX Drawdown Comparison

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

The maximum drawdown for SPYX was -32.83%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The current SPYX drawdown is -0.57%.

Rank	BALT	SPYX
#1	-4.89% Feb 20, 2025 - Jun 3, 2025	-32.83% Feb 19, 2020 - Aug 6, 2020
#2	-2.16% Jan 4, 2022 - Jul 8, 2022	-26.15% Dec 29, 2021 - Dec 14, 2023
#3	-1.98% Aug 25, 2022 - Nov 10, 2022	-19.19% Sep 20, 2018 - Apr 12, 2019
#4	-1.85% Jul 16, 2024 - Aug 19, 2024	-18.74% Feb 19, 2025 - Jun 26, 2025
#5	-1.84% Sep 14, 2023 - Nov 14, 2023	-12.46% Dec 1, 2015 - Apr 19, 2016
#6	-1.15% Feb 25, 2026 - Apr 14, 2026	-9.84% Jan 12, 2026 - Apr 15, 2026
#7	-1.14% Aug 30, 2024 - Sep 13, 2024	-9.67% Jan 26, 2018 - Jul 25, 2018
#8	-1.03% Mar 28, 2024 - May 9, 2024	-9.55% Sep 2, 2020 - Nov 11, 2020
#9	-0.85% Jul 31, 2023 - Aug 30, 2023	-8.45% Jul 16, 2024 - Sep 19, 2024
#10	-0.85% Nov 11, 2025 - Nov 25, 2025	-7.14% May 3, 2019 - Jun 20, 2019
#11	-0.76% Dec 16, 2024 - Dec 24, 2024	-6.19% Jul 26, 2019 - Oct 21, 2019
#12	-0.76% Mar 6, 2023 - Mar 21, 2023	-5.71% Jun 8, 2016 - Jul 8, 2016
#13	-0.62% Dec 11, 2025 - Dec 22, 2025	-5.57% Sep 3, 2021 - Oct 25, 2021
#14	-0.58% Sep 27, 2021 - Oct 19, 2021	-5.44% Mar 28, 2024 - May 15, 2024
#15	-0.55% Oct 8, 2025 - Oct 20, 2025	-5.17% Oct 28, 2025 - Dec 11, 2025