BALT vs VTEC
Comparison between Innovator Defined Wealth Shield ETF (BALT, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
BALT vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BALT
$2.20B
VTEC
$2.20B
Expense Ratio
BALT
0.69%
Winner
VTEC
0.06%
Max Drawdown
Winner
BALT
4.89%
VTEC
5.70%
Sharpe Ratio
Winner
BALT
1.74
VTEC
0.86
5Y Beta
BALT
0.21
Winner
VTEC
0.04
BALT vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BALT
+0.89%
VTEC
+0.29%
3M
Winner
BALT
+0.70%
VTEC
-0.55%
6M
Winner
BALT
+3.17%
VTEC
+1.13%
1Y
Winner
BALT
+7.68%
VTEC
+6.28%
5Y(CAGR)
BALT
+5.92%
VTEC
N/A
Max(CAGR)
Winner
BALT
+5.92%
VTEC
+2.60%
BALT vs VTEC - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | BALT | VTEC |
|---|---|---|
| 2026 | +1.37% | +0.48% |
| 2025 | +6.57% | +3.86% |
| 2024 | +10.32% | +1.42% |
| 2023 | +7.61% | N/A |
| 2022 | +2.48% | N/A |
| 2021 | +0.82% | N/A |
BALT vs VTEC Drawdown Comparison
The maximum drawdown for BALT was -4.89%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current BALT drawdown is -0.06%. The current VTEC drawdown is -1.28%.
| Rank | BALT | VTEC |
|---|---|---|
| #1 | -4.89% Feb 20, 2025 - Jun 3, 2025 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -2.16% Jan 4, 2022 - Jul 8, 2022 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -1.98% Aug 25, 2022 - Nov 10, 2022 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -1.85% Jul 16, 2024 - Aug 19, 2024 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -1.84% Sep 14, 2023 - Nov 14, 2023 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -1.15% Feb 25, 2026 - Apr 14, 2026 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -1.14% Aug 30, 2024 - Sep 13, 2024 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -1.03% Mar 28, 2024 - May 9, 2024 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -0.85% Jul 31, 2023 - Aug 30, 2023 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -0.85% Nov 11, 2025 - Nov 25, 2025 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -0.76% Dec 16, 2024 - Dec 24, 2024 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -0.76% Mar 6, 2023 - Mar 21, 2023 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -0.62% Dec 11, 2025 - Dec 22, 2025 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -0.58% Sep 27, 2021 - Oct 19, 2021 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -0.55% Oct 8, 2025 - Oct 20, 2025 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between BALT and VTEC is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
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