FBT vs BALT

Comparison between FIRST TRUST NYSE ARCA BIOTECHNOLOGY INDEX FUND (FBT, ETF) and Innovator Defined Wealth Shield ETF (BALT, ETF).

5-Year PerformanceFBT has outperformed BALT, delivering a return of +6.0% compared to +5.9%

FBT vs BALT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FBT(ETF)	BALT(ETF)
Net Assets	$2.30B	$2.40B
Expense Ratio	0.55%	0.69%
Max Drawdown	40.52%	4.89%
Sharpe Ratio	1.30	1.68
5Y Beta	0.81	0.21
P/E Ratio	62.70	N/A
Forward P/E	18.39	N/A
5Y EPS CAGR	13.84%	N/A
Debt to Equity	195.08%	N/A
P/S Ratio	4.60	N/A
P/B Ratio	3.56	N/A

Net Assets

FBT

$2.30B

Winner

BALT

$2.40B

Expense Ratio

Winner

FBT

0.55%

BALT

0.69%

Max Drawdown

FBT

40.52%

Winner

BALT

4.89%

Sharpe Ratio

FBT

1.30

Winner

BALT

1.68

5Y Beta

FBT

0.81

Winner

BALT

0.21

P/E Ratio

FBT

62.70

BALT

N/A

Forward P/E

FBT

18.39

BALT

N/A

5Y EPS CAGR

FBT

13.84%

BALT

N/A

Debt to Equity

FBT

195.08%

BALT

N/A

P/S Ratio

FBT

4.60

BALT

N/A

P/B Ratio

FBT

3.56

BALT

N/A

FBT vs BALT - Historical Returns

Returns include dividend reinvestment.

Period	FBT	BALT
1 month	+3.76%	+0.82%
3 months	-0.28%	+0.74%
6 months	+3.67%	+2.81%
1 year	+31.40%	+7.10%
5 years(CAGR)	+6.00%	+5.91%
10 years(CAGR)	+9.43%	N/A
Max(CAGR)	+12.75%	+5.91%

Winner

FBT

+3.76%

BALT

+0.82%

FBT

-0.28%

Winner

BALT

+0.74%

Winner

FBT

+3.67%

BALT

+2.81%

Winner

FBT

+31.40%

BALT

+7.10%

5Y(CAGR)

Winner

FBT

+6.00%

BALT

+5.91%

10Y(CAGR)

FBT

+9.43%

BALT

N/A

Max(CAGR)

Winner

FBT

+12.75%

BALT

+5.91%

FBT vs BALT - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	FBT	BALT
2026	+0.78%	+1.37%
2025	+23.89%	+6.57%
2024	+4.46%	+10.32%
2023	+2.90%	+7.61%
2022	-5.48%	+2.48%
2021	-2.32%	+0.82%
2020	+13.34%	N/A
2019	+19.88%	N/A
2018	-2.54%	N/A
2017	+35.28%	N/A
2016	-17.31%	N/A
2015	+10.42%	N/A
2014	+46.91%	N/A
2013	+45.15%	N/A
2012	+39.16%	N/A
2011	-17.13%	N/A
2010	+35.28%	N/A
2009	+42.95%	N/A
2008	-18.38%	N/A
2007	+3.82%	N/A
2006	+18.56%	N/A

FBT vs BALT Drawdown Comparison

The maximum drawdown for FBT was -40.51%, occurring on Feb 11, 2016. Recovery took 628 trading sessions.

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

The current FBT drawdown is -5.64%. The current BALT drawdown is -0.06%.

Rank	FBT	BALT
#1	-40.51% Jul 17, 2015 - Jan 12, 2018	-4.89% Feb 20, 2025 - Jun 3, 2025
#2	-39.83% Aug 14, 2008 - Aug 4, 2009	-2.16% Jan 4, 2022 - Jul 8, 2022
#3	-34.04% Apr 28, 2011 - Jul 18, 2012	-1.98% Aug 25, 2022 - Nov 10, 2022
#4	-32.38% Feb 8, 2021 - Jan 30, 2025	-1.85% Jul 16, 2024 - Aug 19, 2024
#5	-28.05% Sep 27, 2018 - May 11, 2020	-1.84% Sep 14, 2023 - Nov 14, 2023
#6	-22.02% Oct 15, 2007 - Jul 31, 2008	-1.15% Feb 25, 2026 - Apr 14, 2026
#7	-20.88% Mar 23, 2010 - Dec 17, 2010	-1.14% Aug 30, 2024 - Sep 13, 2024
#8	-20.05% Feb 5, 2025 - Oct 1, 2025	-1.03% Mar 28, 2024 - May 9, 2024
#9	-19.74% Feb 25, 2014 - Aug 19, 2014	-0.85% Jul 31, 2023 - Aug 30, 2023
#10	-16.48% Jul 20, 2020 - Jan 22, 2021	-0.85% Nov 11, 2025 - Nov 25, 2025
#11	-14.91% Sep 21, 2009 - Jan 7, 2010	-0.76% Dec 16, 2024 - Dec 24, 2024
#12	-14.26% Jan 22, 2026 - Mar 27, 2026	-0.76% Mar 6, 2023 - Mar 21, 2023
#13	-13.83% Jan 29, 2018 - Jun 20, 2018	-0.62% Dec 11, 2025 - Dec 22, 2025
#14	-13.03% Oct 5, 2012 - Jan 3, 2013	-0.58% Sep 27, 2021 - Oct 19, 2021
#15	-11.45% Mar 19, 2015 - Jun 22, 2015	-0.55% Oct 8, 2025 - Oct 20, 2025