ZJAN vs HECO
Comparison between Innovator Equity Defined Protection ETF 1 Yr January (ZJAN, ETF) and SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF (HECO, ETF).
ZJAN vs HECO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ZJAN
$116M
HECO
$116M
Expense Ratio
Winner
ZJAN
0.79%
HECO
0.90%
Max Drawdown
Winner
ZJAN
3.20%
HECO
45.90%
Sharpe Ratio
ZJAN
1.54
Winner
HECO
2.21
5Y Beta
Winner
ZJAN
0.15
HECO
1.84
P/E Ratio
ZJAN
N/A
HECO
-35.71
Forward P/E
ZJAN
N/A
HECO
27.29
PEG Ratio
ZJAN
N/A
HECO
-0.10
5Y EPS CAGR
ZJAN
N/A
HECO
39.57%
P/S Ratio
ZJAN
N/A
HECO
4.67
P/B Ratio
ZJAN
N/A
HECO
7.38
ZJAN vs HECO - Historical Returns
Returns include dividend reinvestment.
1M
ZJAN
+0.25%
Winner
HECO
+16.06%
3M
ZJAN
+2.17%
Winner
HECO
+58.15%
6M
ZJAN
+2.59%
Winner
HECO
+57.25%
1Y
ZJAN
+6.96%
Winner
HECO
+123.35%
Max(CAGR)
ZJAN
+6.20%
Winner
HECO
+76.58%
ZJAN vs HECO - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | ZJAN | HECO |
|---|---|---|
| 2026 | +2.01% | +57.50% |
| 2025 | +6.79% | +23.32% |
| 2024 | N/A | +27.48% |
ZJAN vs HECO Drawdown Comparison
The maximum drawdown for ZJAN was -3.20%, occurring on Apr 8, 2025. Recovery took 61 trading sessions.
The maximum drawdown for HECO was -44.54%, occurring on Apr 8, 2025. Recovery took 185 trading sessions.
The current ZJAN drawdown is -0.20%. The current HECO drawdown is -3.18%.
| Rank | ZJAN | HECO |
|---|---|---|
| #1 | -3.20% Feb 19, 2025 - May 16, 2025 | -44.54% Dec 16, 2024 - Sep 15, 2025 |
| #2 | -1.36% Feb 25, 2026 - Apr 13, 2026 | -21.03% Jan 16, 2026 - Apr 15, 2026 |
| #3 | -0.62% Nov 12, 2025 - Nov 25, 2025 | -19.38% Oct 15, 2025 - Jan 16, 2026 |
| #4 | -0.62% May 19, 2025 - Jun 2, 2025 | -9.16% Nov 11, 2024 - Dec 4, 2024 |
| #5 | -0.52% Oct 9, 2025 - Oct 20, 2025 | -8.57% Dec 6, 2024 - Dec 16, 2024 |
| #6 | -0.51% Jan 6, 2025 - Jan 17, 2025 | -8.13% Jun 1, 2026 - Jun 10, 2026 |
| #7 | -0.50% Jun 2, 2026 - Jun 10, 2026 | -7.93% Oct 29, 2024 - Nov 6, 2024 |
| #8 | -0.44% Jan 12, 2026 - Jan 27, 2026 | -5.53% Apr 24, 2026 - May 4, 2026 |
| #9 | -0.42% Jul 28, 2025 - Aug 6, 2025 | -5.32% Sep 26, 2024 - Oct 11, 2024 |
| #10 | -0.36% Feb 10, 2026 - Feb 25, 2026 | -5.27% May 14, 2026 - May 21, 2026 |
| #11 | -0.33% Jan 28, 2026 - Feb 10, 2026 | -3.38% Sep 22, 2025 - Sep 29, 2025 |
| #12 | -0.28% Jan 24, 2025 - Feb 13, 2025 | -2.22% Oct 22, 2024 - Oct 28, 2024 |
| #13 | -0.26% Aug 28, 2025 - Sep 4, 2025 | -2.12% Apr 20, 2026 - Apr 22, 2026 |
| #14 | -0.22% Jun 12, 2025 - Jun 23, 2025 | -1.98% Oct 9, 2025 - Oct 13, 2025 |
| #15 | -0.20% Sep 22, 2025 - Oct 1, 2025 | -1.55% Oct 6, 2025 - Oct 8, 2025 |
Correlation
Correlation between ZJAN and HECO is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
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