SOLT vs ZNOV

Comparison between 2x Solana ETF (SOLT, ETF) and Innovator Equity Defined Protection ETF 1 Yr November (ZNOV, ETF).

SOLT vs ZNOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SOLT(ETF)	ZNOV(ETF)
Net Assets	$141M	$141M
Expense Ratio	N/A	0.79%
Max Drawdown	96.31%	3.31%
Sharpe Ratio	-1.03	1.15
5Y Beta	3.48	0.16

Net Assets

SOLT

$141M

ZNOV

$141M

Expense Ratio

SOLT

N/A

ZNOV

0.79%

Max Drawdown

SOLT

96.31%

Winner

ZNOV

3.31%

Sharpe Ratio

SOLT

-1.03

Winner

ZNOV

1.15

5Y Beta

SOLT

3.48

Winner

ZNOV

0.16

SOLT vs ZNOV - Historical Returns

Returns include dividend reinvestment.

Period	SOLT	ZNOV
1 month	-48.59%	+0.52%
3 months	-54.16%	+2.04%
6 months	-83.23%	+2.65%
1 year	-91.50%	+7.07%
Max(CAGR)	-86.17%	+5.98%

SOLT

-48.59%

Winner

ZNOV

+0.52%

SOLT

-54.16%

Winner

ZNOV

+2.04%

SOLT

-83.23%

Winner

ZNOV

+2.65%

SOLT

-91.50%

Winner

ZNOV

+7.07%

Max(CAGR)

SOLT

-86.17%

Winner

ZNOV

+5.98%

SOLT vs ZNOV - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	SOLT	ZNOV
2026	-82.30%	+2.44%
2025	-53.74%	+6.10%
2024	N/A	+0.76%

SOLT vs ZNOV Drawdown Comparison

The maximum drawdown for SOLT was -96.27%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for ZNOV was -3.31%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.

The current SOLT drawdown is -96.27%. The current ZNOV drawdown is -0.44%.

Rank	SOLT	ZNOV
#1	-96.27% Sep 18, 2025 - Jun 5, 2026	-3.31% Feb 19, 2025 - May 13, 2025
#2	-52.65% Mar 25, 2025 - May 8, 2025	-1.64% Feb 10, 2026 - Apr 13, 2026
#3	-44.42% May 13, 2025 - Jul 21, 2025	-0.98% Oct 31, 2025 - Dec 10, 2025
#4	-37.42% Jul 22, 2025 - Sep 8, 2025	-0.59% Dec 26, 2024 - Jan 17, 2025
#5	-7.41% Sep 12, 2025 - Sep 18, 2025	-0.54% Dec 11, 2025 - Dec 24, 2025
#6	-1.09% May 9, 2025 - May 13, 2025	-0.53% Dec 6, 2024 - Dec 26, 2024
#7	-0.49% Sep 8, 2025 - Sep 10, 2025	-0.53% May 16, 2025 - Jun 2, 2025
#8	N/A	-0.50% Jan 9, 2026 - Jan 26, 2026
#9	N/A	-0.50% Jan 26, 2026 - Feb 10, 2026
#10	N/A	-0.44% Jun 4, 2026 - Jun 5, 2026
#11	N/A	-0.41% Jul 28, 2025 - Aug 8, 2025
#12	N/A	-0.40% Jun 30, 2025 - Jul 16, 2025
#13	N/A	-0.39% Jan 24, 2025 - Feb 13, 2025
#14	N/A	-0.36% Nov 7, 2024 - Nov 25, 2024
#15	N/A	-0.34% Aug 18, 2025 - Aug 27, 2025

Correlation

Correlation between SOLT and ZNOV is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

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