ZALT vs CLSE

Comparison between Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT, ETF) and CONVERGENCE LONG/SHORT EQUITY ETF (CLSE, ETF).

ZALT vs CLSE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZALT(ETF)	CLSE(ETF)
Net Assets	$619M	$614M
Expense Ratio	0.69%	1.52%
Max Drawdown	8.19%	16.55%
Sharpe Ratio	1.49	2.85
5Y Beta	0.37	0.65
P/E Ratio	N/A	17.02
Forward P/E	N/A	16.77
5Y EPS CAGR	N/A	34.38%
Debt to Equity	N/A	6.82%
P/S Ratio	N/A	1.17
P/B Ratio	N/A	5.05

Net Assets

Winner

ZALT

$619M

CLSE

$614M

Expense Ratio

Winner

ZALT

0.69%

CLSE

1.52%

Max Drawdown

Winner

ZALT

8.19%

CLSE

16.55%

Sharpe Ratio

ZALT

1.49

Winner

CLSE

2.85

5Y Beta

Winner

ZALT

0.37

CLSE

0.65

P/E Ratio

ZALT

N/A

CLSE

17.02

Forward P/E

ZALT

N/A

CLSE

16.77

5Y EPS CAGR

ZALT

N/A

CLSE

34.38%

Debt to Equity

ZALT

N/A

CLSE

6.82%

P/S Ratio

ZALT

N/A

CLSE

1.17

P/B Ratio

ZALT

N/A

CLSE

5.05

ZALT vs CLSE - Historical Returns

Returns include dividend reinvestment.

Period	ZALT	CLSE
1 month	+0.68%	+4.46%
3 months	+3.74%	+22.82%
6 months	+4.27%	+27.45%
1 year	+10.06%	+51.49%
5 years(CAGR)	N/A	+21.87%
Max(CAGR)	+10.89%	+21.87%

ZALT

+0.68%

Winner

CLSE

+4.46%

ZALT

+3.74%

Winner

CLSE

+22.82%

ZALT

+4.27%

Winner

CLSE

+27.45%

ZALT

+10.06%

Winner

CLSE

+51.49%

5Y(CAGR)

ZALT

N/A

CLSE

+21.87%

Max(CAGR)

ZALT

+10.89%

Winner

CLSE

+21.87%

ZALT vs CLSE - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	ZALT	CLSE
2026	+3.74%	+24.91%
2025	+9.19%	+19.81%
2024	+12.17%	+36.85%
2023	+3.95%	+17.91%
2022	N/A	-3.03%

ZALT vs CLSE Drawdown Comparison

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

The maximum drawdown for CLSE was -16.45%, occurring on Apr 4, 2025. Recovery took 130 trading sessions.

Rank	ZALT	CLSE
#1	-8.19% Feb 20, 2025 - May 15, 2025	-16.45% Jan 23, 2025 - Jul 31, 2025
#2	-3.28% Jul 16, 2024 - Aug 16, 2024	-14.28% Apr 20, 2022 - Jul 17, 2023
#3	-2.01% Oct 16, 2023 - Nov 3, 2023	-7.41% Jul 10, 2024 - Sep 19, 2024
#4	-1.86% Mar 28, 2024 - May 9, 2024	-4.85% Feb 25, 2026 - Apr 7, 2026
#5	-1.71% Feb 25, 2026 - Apr 8, 2026	-4.78% Oct 11, 2023 - Nov 9, 2023
#6	-1.52% Nov 11, 2025 - Nov 26, 2025	-4.66% Apr 5, 2024 - May 8, 2024
#7	-1.45% Aug 30, 2024 - Sep 12, 2024	-4.40% Nov 10, 2025 - Nov 28, 2025
#8	-1.41% Dec 26, 2024 - Jan 22, 2025	-4.22% Dec 6, 2024 - Jan 21, 2025
#9	-1.30% Oct 8, 2025 - Oct 20, 2025	-3.66% Mar 25, 2022 - Apr 20, 2022
#10	-1.26% Dec 16, 2024 - Dec 26, 2024	-3.56% Mar 3, 2022 - Mar 15, 2022
#11	-1.23% Dec 11, 2025 - Dec 22, 2025	-3.36% Jul 18, 2023 - Aug 31, 2023
#12	-0.94% Dec 26, 2025 - Jan 26, 2026	-3.21% Sep 19, 2025 - Oct 24, 2025
#13	-0.85% Feb 2, 2026 - Feb 11, 2026	-3.14% Jun 3, 2026 - Jun 15, 2026
#14	-0.85% Oct 22, 2024 - Nov 6, 2024	-2.62% Feb 2, 2026 - Feb 6, 2026
#15	-0.77% Jul 29, 2025 - Aug 8, 2025	-2.62% Nov 12, 2024 - Dec 6, 2024