ZAPR vs AMAX
Comparison between Innovator Equity Defined Protection ETF 1 Yr April (ZAPR, ETF) and ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF).
ZAPR vs AMAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ZAPR
$65M
Winner
AMAX
$65M
Expense Ratio
Winner
ZAPR
0.79%
AMAX
1.36%
Max Drawdown
Winner
ZAPR
1.72%
AMAX
28.31%
Sharpe Ratio
Winner
ZAPR
1.66
AMAX
0.20
5Y Beta
Winner
ZAPR
0.11
AMAX
0.38
ZAPR vs AMAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZAPR
+0.49%
AMAX
-1.22%
3M
Winner
ZAPR
+1.23%
AMAX
-2.05%
6M
Winner
ZAPR
+3.37%
AMAX
-2.50%
1Y
Winner
ZAPR
+6.33%
AMAX
+4.95%
5Y(CAGR)
ZAPR
N/A
AMAX
+3.00%
Max(CAGR)
Winner
ZAPR
+6.93%
AMAX
+3.00%
ZAPR vs AMAX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | ZAPR | AMAX |
|---|---|---|
| 2026 | +3.63% | +1.20% |
| 2025 | +5.29% | +10.82% |
| 2024 | N/A | +10.07% |
| 2023 | N/A | +6.91% |
| 2022 | N/A | -12.46% |
| 2021 | N/A | -0.20% |
ZAPR vs AMAX Drawdown Comparison
The maximum drawdown for ZAPR was -1.72%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.
The maximum drawdown for AMAX was -16.26%, occurring on Oct 14, 2022. Recovery took 595 trading sessions.
The current ZAPR drawdown is -0.07%. The current AMAX drawdown is -5.58%.
| Rank | ZAPR | AMAX |
|---|---|---|
| #1 | -1.72% Apr 2, 2025 - Apr 29, 2025 | -16.26% Nov 17, 2021 - Apr 3, 2024 |
| #2 | -0.48% May 15, 2025 - Jun 4, 2025 | -9.26% Feb 19, 2025 - May 14, 2025 |
| #3 | -0.40% Nov 12, 2025 - Nov 25, 2025 | -7.51% Jan 28, 2026 - May 8, 2026 |
| #4 | -0.38% May 29, 2026 - Jun 15, 2026 | -6.96% May 11, 2026 - Jun 30, 2026 |
| #5 | -0.30% Jun 15, 2026 - Jun 30, 2026 | -5.73% Jul 17, 2024 - Aug 19, 2024 |
| #6 | -0.23% Apr 17, 2026 - Apr 28, 2026 | -5.38% Oct 20, 2025 - Jan 22, 2026 |
| #7 | -0.22% Oct 6, 2025 - Oct 20, 2025 | -3.54% Apr 3, 2024 - May 20, 2024 |
| #8 | -0.22% Oct 27, 2025 - Nov 10, 2025 | -2.95% Dec 11, 2024 - Jan 22, 2025 |
| #9 | -0.21% Jan 9, 2026 - Jan 22, 2026 | -2.23% Nov 8, 2024 - Dec 11, 2024 |
| #10 | -0.21% Feb 10, 2026 - Feb 24, 2026 | -2.01% Jan 31, 2025 - Feb 19, 2025 |
| #11 | -0.20% Jun 18, 2025 - Jun 23, 2025 | -2.00% Jan 22, 2025 - Jan 31, 2025 |
| #12 | -0.20% May 2, 2025 - May 12, 2025 | -1.89% Jun 13, 2025 - Jul 2, 2025 |
| #13 | -0.18% Jun 12, 2025 - Jun 18, 2025 | -1.69% May 20, 2025 - Jun 6, 2025 |
| #14 | -0.17% May 18, 2026 - May 21, 2026 | -1.62% May 20, 2024 - Jun 17, 2024 |
| #15 | -0.16% Aug 28, 2025 - Sep 4, 2025 | -1.62% Jun 20, 2024 - Jul 9, 2024 |
Correlation
Correlation between ZAPR and AMAX is 0.80 which considered as a strong positive correlation - the stocks tend to move together.
0.80
-101
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