HECO vs ZJAN

Comparison between SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF (HECO, ETF) and Innovator Equity Defined Protection ETF 1 Yr January (ZJAN, ETF).

HECO vs ZJAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HECO(ETF)	ZJAN(ETF)
Net Assets	$116M	$116M
Expense Ratio	0.90%	0.79%
Max Drawdown	45.90%	3.20%
Sharpe Ratio	2.21	1.54
5Y Beta	1.84	0.15
P/E Ratio	-35.71	N/A
Forward P/E	27.29	N/A
PEG Ratio	-0.10	N/A
5Y EPS CAGR	39.57%	N/A
P/S Ratio	4.67	N/A
P/B Ratio	7.38	N/A

Net Assets

HECO

$116M

Winner

ZJAN

$116M

Expense Ratio

HECO

0.90%

Winner

ZJAN

0.79%

Max Drawdown

HECO

45.90%

Winner

ZJAN

3.20%

Sharpe Ratio

Winner

HECO

2.21

ZJAN

1.54

5Y Beta

HECO

1.84

Winner

ZJAN

0.15

P/E Ratio

HECO

-35.71

ZJAN

N/A

Forward P/E

HECO

27.29

ZJAN

N/A

PEG Ratio

HECO

-0.10

ZJAN

N/A

5Y EPS CAGR

HECO

39.57%

ZJAN

N/A

P/S Ratio

HECO

4.67

ZJAN

N/A

P/B Ratio

HECO

7.38

ZJAN

N/A

HECO vs ZJAN - Historical Returns

Returns include dividend reinvestment.

Period	HECO	ZJAN
1 month	+16.06%	+0.25%
3 months	+58.15%	+2.17%
6 months	+57.25%	+2.59%
1 year	+123.35%	+6.96%
Max(CAGR)	+76.58%	+6.20%

Winner

HECO

+16.06%

ZJAN

+0.25%

Winner

HECO

+58.15%

ZJAN

+2.17%

Winner

HECO

+57.25%

ZJAN

+2.59%

Winner

HECO

+123.35%

ZJAN

+6.96%

Max(CAGR)

Winner

HECO

+76.58%

ZJAN

+6.20%

HECO vs ZJAN - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	HECO	ZJAN
2026	+57.50%	+2.01%
2025	+23.32%	+6.79%
2024	+27.48%	N/A

HECO vs ZJAN Drawdown Comparison

The maximum drawdown for HECO was -44.54%, occurring on Apr 8, 2025. Recovery took 185 trading sessions.

The maximum drawdown for ZJAN was -3.20%, occurring on Apr 8, 2025. Recovery took 61 trading sessions.

The current HECO drawdown is -3.18%. The current ZJAN drawdown is -0.20%.

Rank	HECO	ZJAN
#1	-44.54% Dec 16, 2024 - Sep 15, 2025	-3.20% Feb 19, 2025 - May 16, 2025
#2	-21.03% Jan 16, 2026 - Apr 15, 2026	-1.36% Feb 25, 2026 - Apr 13, 2026
#3	-19.38% Oct 15, 2025 - Jan 16, 2026	-0.62% Nov 12, 2025 - Nov 25, 2025
#4	-9.16% Nov 11, 2024 - Dec 4, 2024	-0.62% May 19, 2025 - Jun 2, 2025
#5	-8.57% Dec 6, 2024 - Dec 16, 2024	-0.52% Oct 9, 2025 - Oct 20, 2025
#6	-8.13% Jun 1, 2026 - Jun 10, 2026	-0.51% Jan 6, 2025 - Jan 17, 2025
#7	-7.93% Oct 29, 2024 - Nov 6, 2024	-0.50% Jun 2, 2026 - Jun 10, 2026
#8	-5.53% Apr 24, 2026 - May 4, 2026	-0.44% Jan 12, 2026 - Jan 27, 2026
#9	-5.32% Sep 26, 2024 - Oct 11, 2024	-0.42% Jul 28, 2025 - Aug 6, 2025
#10	-5.27% May 14, 2026 - May 21, 2026	-0.36% Feb 10, 2026 - Feb 25, 2026
#11	-3.38% Sep 22, 2025 - Sep 29, 2025	-0.33% Jan 28, 2026 - Feb 10, 2026
#12	-2.22% Oct 22, 2024 - Oct 28, 2024	-0.28% Jan 24, 2025 - Feb 13, 2025
#13	-2.12% Apr 20, 2026 - Apr 22, 2026	-0.26% Aug 28, 2025 - Sep 4, 2025
#14	-1.98% Oct 9, 2025 - Oct 13, 2025	-0.22% Jun 12, 2025 - Jun 23, 2025
#15	-1.55% Oct 6, 2025 - Oct 8, 2025	-0.20% Sep 22, 2025 - Oct 1, 2025