TLTD vs ZALT

Comparison between FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF) and Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT, ETF).

TLTD vs ZALT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TLTD(ETF)	ZALT(ETF)
Net Assets	$634M	$632M
Expense Ratio	0.39%	0.69%
Max Drawdown	44.58%	8.19%
Sharpe Ratio	1.31	1.49
5Y Beta	0.71	0.38
5Y Dividends CAGR	16.71%	N/A

Net Assets

Winner

TLTD

$634M

ZALT

$632M

Expense Ratio

Winner

TLTD

0.39%

ZALT

0.69%

Max Drawdown

TLTD

44.58%

Winner

ZALT

8.19%

Sharpe Ratio

TLTD

1.31

Winner

ZALT

1.49

5Y Beta

TLTD

0.71

Winner

ZALT

0.38

5Y Dividends CAGR

TLTD

16.71%

ZALT

N/A

TLTD vs ZALT - Historical Returns

Returns include dividend reinvestment.

Period	TLTD	ZALT
1 month	-0.24%	+0.79%
3 months	+2.38%	+2.80%
6 months	+9.87%	+3.78%
1 year	+24.35%	+10.26%
5 years(CAGR)	+9.17%	N/A
10 years(CAGR)	+9.23%	N/A
Max(CAGR)	+8.16%	+10.89%

TLTD

-0.24%

Winner

ZALT

+0.79%

TLTD

+2.38%

Winner

ZALT

+2.80%

Winner

TLTD

+9.87%

ZALT

+3.78%

Winner

TLTD

+24.35%

ZALT

+10.26%

5Y(CAGR)

TLTD

+9.17%

ZALT

N/A

10Y(CAGR)

TLTD

+9.23%

ZALT

N/A

Max(CAGR)

TLTD

+8.16%

Winner

ZALT

+10.89%

TLTD vs ZALT - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	TLTD	ZALT
2026	+5.84%	+3.47%
2025	+39.87%	+9.19%
2024	+5.94%	+12.17%
2023	+16.61%	+3.95%
2022	-14.24%	N/A
2021	+12.78%	N/A
2020	+3.29%	N/A
2019	+21.55%	N/A
2018	-18.30%	N/A
2017	+25.61%	N/A
2016	+6.81%	N/A
2015	-1.07%	N/A
2014	-5.04%	N/A
2013	+19.26%	N/A
2012	+5.81%	N/A

TLTD vs ZALT Drawdown Comparison

The maximum drawdown for TLTD was -40.60%, occurring on Mar 23, 2020. Recovery took 741 trading sessions.

The maximum drawdown for ZALT was -8.19%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.

The current TLTD drawdown is -3.92%. The current ZALT drawdown is -0.12%.

Rank	TLTD	ZALT
#1	-40.60% Jan 26, 2018 - Jan 6, 2021	-8.19% Feb 20, 2025 - May 15, 2025
#2	-28.93% Sep 3, 2021 - Mar 1, 2024	-3.28% Jul 16, 2024 - Aug 16, 2024
#3	-24.90% Jul 2, 2014 - Apr 25, 2017	-2.01% Oct 16, 2023 - Nov 3, 2023
#4	-13.10% Mar 19, 2025 - Apr 28, 2025	-1.86% Mar 28, 2024 - May 9, 2024
#5	-12.11% Feb 26, 2026 - Mar 20, 2026	-1.71% Feb 25, 2026 - Apr 8, 2026
#6	-10.13% May 21, 2013 - Aug 13, 2013	-1.52% Nov 11, 2025 - Nov 26, 2025
#7	-8.83% Sep 26, 2024 - Mar 5, 2025	-1.45% Aug 30, 2024 - Sep 12, 2024
#8	-7.25% Jul 16, 2024 - Aug 21, 2024	-1.41% Dec 26, 2024 - Jan 22, 2025
#9	-6.34% Jan 21, 2014 - Feb 24, 2014	-1.30% Oct 8, 2025 - Oct 20, 2025
#10	-6.16% Jun 14, 2021 - Sep 3, 2021	-1.26% Dec 16, 2024 - Dec 26, 2024
#11	-4.90% Oct 17, 2012 - Dec 4, 2012	-1.23% Dec 11, 2025 - Dec 22, 2025
#12	-4.76% Nov 12, 2025 - Nov 28, 2025	-0.94% Dec 26, 2025 - Jan 26, 2026
#13	-4.29% Mar 27, 2024 - May 9, 2024	-0.85% Feb 2, 2026 - Feb 11, 2026
#14	-4.09% Jan 8, 2021 - Feb 8, 2021	-0.85% Oct 22, 2024 - Nov 6, 2024
#15	-3.91% Aug 27, 2024 - Sep 19, 2024	-0.77% Jul 29, 2025 - Aug 8, 2025