ZDEK vs OVLH
Comparison between Innovator Equity Defined Protection ETF 1 Yr December (ZDEK, ETF) and OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF).
ZDEK vs OVLH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ZDEK
$112M
OVLH
$112M
Expense Ratio
Winner
ZDEK
0.79%
OVLH
0.80%
Max Drawdown
Winner
ZDEK
3.40%
OVLH
21.00%
Sharpe Ratio
Winner
ZDEK
1.24
OVLH
0.89
5Y Beta
Winner
ZDEK
0.16
OVLH
0.56
ZDEK vs OVLH - Historical Returns
Returns include dividend reinvestment.
1M
ZDEK
+0.93%
Winner
OVLH
+2.73%
3M
Winner
ZDEK
+1.37%
OVLH
+0.73%
6M
ZDEK
+3.21%
Winner
OVLH
+6.85%
1Y
ZDEK
+7.10%
Winner
OVLH
+12.40%
5Y(CAGR)
ZDEK
N/A
OVLH
+8.55%
Max(CAGR)
ZDEK
+6.48%
Winner
OVLH
+10.49%
ZDEK vs OVLH - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | ZDEK | OVLH |
|---|---|---|
| 2026 | +3.85% | +7.52% |
| 2025 | +7.71% | +15.91% |
| 2024 | -0.38% | +19.10% |
| 2023 | N/A | +17.29% |
| 2022 | N/A | -16.38% |
| 2021 | N/A | +20.91% |
ZDEK vs OVLH Drawdown Comparison
The maximum drawdown for ZDEK was -3.40%, occurring on Apr 8, 2025. Recovery took 75 trading sessions.
The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.
The current ZDEK drawdown is -0.02%. The current OVLH drawdown is -1.54%.
| Rank | ZDEK | OVLH |
|---|---|---|
| #1 | -3.40% Feb 19, 2025 - Jun 6, 2025 | -20.69% Dec 27, 2021 - Feb 2, 2024 |
| #2 | -1.51% Feb 25, 2026 - Apr 9, 2026 | -8.81% Feb 19, 2025 - May 12, 2025 |
| #3 | -0.79% Dec 6, 2024 - Jan 21, 2025 | -6.36% Jan 27, 2026 - Apr 17, 2026 |
| #4 | -0.75% Nov 11, 2025 - Nov 24, 2025 | -5.22% Jul 16, 2024 - Sep 13, 2024 |
| #5 | -0.67% Oct 9, 2025 - Oct 20, 2025 | -5.22% Sep 3, 2021 - Oct 28, 2021 |
| #6 | -0.63% Jul 25, 2025 - Aug 8, 2025 | -3.89% Feb 16, 2021 - Mar 15, 2021 |
| #7 | -0.59% Jun 4, 2026 - Jun 15, 2026 | -3.83% May 7, 2021 - Jun 11, 2021 |
| #8 | -0.49% Jun 12, 2025 - Jun 24, 2025 | -3.83% Mar 27, 2024 - May 15, 2024 |
| #9 | -0.49% Aug 13, 2025 - Aug 26, 2025 | -3.82% Jun 2, 2026 - Aug 4, 2026 |
| #10 | -0.43% Jan 12, 2026 - Jan 26, 2026 | -3.16% Oct 28, 2025 - Jan 12, 2026 |
| #11 | -0.42% Jun 15, 2026 - Jul 2, 2026 | -3.06% Dec 6, 2024 - Feb 19, 2025 |
| #12 | -0.41% Jan 23, 2025 - Feb 10, 2025 | -2.72% Jul 12, 2021 - Jul 23, 2021 |
| #13 | -0.41% Dec 11, 2025 - Dec 23, 2025 | -2.64% Nov 24, 2021 - Dec 10, 2021 |
| #14 | -0.41% Jan 28, 2026 - Feb 9, 2026 | -2.57% Dec 15, 2021 - Dec 27, 2021 |
| #15 | -0.36% Aug 28, 2025 - Sep 4, 2025 | -2.43% Jan 26, 2021 - Feb 4, 2021 |
Correlation
Correlation between ZDEK and OVLH is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
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