ZFEB vs PPI

Comparison between Innovator Equity Defined Protection ETF 1 Yr February (ZFEB, ETF) and Investment Managers Series Trust II Astoria Real Assets ETF (PPI, ETF).

ZFEB vs PPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZFEB(ETF)	PPI(ETF)
Net Assets	$155M	$155M
Expense Ratio	0.79%	0.58%
Max Drawdown	3.00%	25.73%
Sharpe Ratio	1.16	1.29
5Y Beta	0.14	1.20
P/E Ratio	N/A	18.75
Forward P/E	N/A	15.42
PEG Ratio	N/A	0.19
5Y EPS CAGR	N/A	22.47%
Debt to Equity	N/A	104.76%
P/S Ratio	N/A	2.24
P/B Ratio	N/A	3.15

Net Assets

ZFEB

$155M

Winner

PPI

$155M

Expense Ratio

ZFEB

0.79%

Winner

PPI

0.58%

Max Drawdown

Winner

ZFEB

3.00%

PPI

25.73%

Sharpe Ratio

ZFEB

1.16

Winner

PPI

1.29

5Y Beta

Winner

ZFEB

0.14

PPI

1.20

P/E Ratio

ZFEB

N/A

PPI

18.75

Forward P/E

ZFEB

N/A

PPI

15.42

PEG Ratio

ZFEB

N/A

PPI

0.19

5Y EPS CAGR

ZFEB

N/A

PPI

22.47%

Debt to Equity

ZFEB

N/A

PPI

104.76%

P/S Ratio

ZFEB

N/A

PPI

2.24

P/B Ratio

ZFEB

N/A

PPI

3.15

ZFEB vs PPI - Historical Returns

Returns include dividend reinvestment.

Period	ZFEB	PPI
1 month	+0.46%	-1.53%
3 months	+1.38%	N/A
6 months	+2.26%	N/A
1 year	+6.41%	+37.75%
5 years(CAGR)	N/A	+14.02%
Max(CAGR)	+6.08%	+14.02%

Winner

ZFEB

+0.46%

PPI

-1.53%

ZFEB

+1.38%

PPI

N/A

ZFEB

+2.26%

PPI

N/A

ZFEB

+6.41%

Winner

PPI

+37.75%

5Y(CAGR)

ZFEB

N/A

PPI

+14.02%

Max(CAGR)

ZFEB

+6.08%

Winner

PPI

+14.02%

ZFEB vs PPI - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	ZFEB	PPI
2026	+2.66%	-1.72%
2025	+6.10%	N/A
2024	N/A	+13.73%
2023	N/A	+12.51%
2022	N/A	+3.12%
2021	N/A	+0.23%

ZFEB vs PPI Drawdown Comparison

The maximum drawdown for ZFEB was -3.00%, occurring on Apr 7, 2025. Recovery took 61 trading sessions.

The maximum drawdown for PPI was -24.56%, occurring on Jul 14, 2022. Recovery took 455 trading sessions.

The current ZFEB drawdown is -0.07%. The current PPI drawdown is -1.72%.

Rank	ZFEB	PPI
#1	-3.00% Feb 18, 2025 - May 15, 2025	-24.56% Apr 20, 2022 - Feb 12, 2024
#2	-1.35% Feb 25, 2026 - Apr 14, 2026	-11.43% Apr 8, 2024 - May 28, 2026
#3	-0.80% Nov 12, 2025 - Nov 26, 2025	-6.82% Jan 14, 2022 - Feb 9, 2022
#4	-0.50% May 19, 2025 - Jun 3, 2025	-5.18% Mar 25, 2022 - Apr 20, 2022
#5	-0.47% Jun 1, 2026 - Jun 15, 2026	-4.27% May 28, 2026 - Jun 10, 2026
#6	-0.45% Jul 25, 2025 - Aug 8, 2025	-3.58% Feb 9, 2022 - Feb 28, 2022
#7	-0.42% Oct 6, 2025 - Oct 20, 2025	-2.85% Mar 2, 2022 - Mar 16, 2022
#8	-0.35% Feb 2, 2026 - Feb 9, 2026	-1.71% Feb 12, 2024 - Feb 15, 2024
#9	-0.33% Jun 12, 2025 - Jun 23, 2025	-1.18% Feb 28, 2022 - Mar 2, 2022
#10	-0.33% Jun 15, 2026 - Jul 6, 2026	-0.87% Mar 7, 2024 - Mar 13, 2024
#11	-0.30% Aug 28, 2025 - Sep 4, 2025	-0.77% Apr 3, 2024 - Apr 5, 2024
#12	-0.29% Feb 9, 2026 - Feb 25, 2026	-0.72% Jan 12, 2022 - Jan 14, 2022
#13	-0.27% Jul 15, 2026 - Jul 17, 2026	-0.58% Jan 4, 2022 - Jan 6, 2022
#14	-0.26% Oct 27, 2025 - Nov 10, 2025	-0.41% Feb 16, 2024 - Feb 21, 2024
#15	-0.25% Feb 6, 2025 - Feb 13, 2025	-0.39% Jan 7, 2022 - Jan 11, 2022

Correlation

Correlation between ZFEB and PPI is -0.58 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.58

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