ZNOV vs CVY
Comparison between Innovator Equity Defined Protection ETF 1 Yr November (ZNOV, ETF) and INVESCO ZACKS MULTI-ASSET INCOME ETF (CVY, ETF).
ZNOV vs CVY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ZNOV
$121M
CVY
$121M
Expense Ratio
Winner
ZNOV
0.79%
CVY
1.21%
Max Drawdown
Winner
ZNOV
3.31%
CVY
70.55%
Sharpe Ratio
ZNOV
1.12
Winner
CVY
1.26
5Y Beta
Winner
ZNOV
0.16
CVY
0.66
P/E Ratio
ZNOV
N/A
CVY
13.94
Forward P/E
ZNOV
N/A
CVY
9.61
5Y Dividends CAGR
ZNOV
N/A
CVY
10.25%
5Y EPS CAGR
ZNOV
N/A
CVY
16.52%
P/S Ratio
ZNOV
N/A
CVY
0.77
P/B Ratio
ZNOV
N/A
CVY
1.50
ZNOV vs CVY - Historical Returns
Returns include dividend reinvestment.
1M
ZNOV
+0.46%
Winner
CVY
+2.96%
3M
ZNOV
+2.57%
Winner
CVY
+9.76%
6M
ZNOV
+2.77%
Winner
CVY
+9.82%
1Y
ZNOV
+6.81%
Winner
CVY
+18.15%
5Y(CAGR)
ZNOV
N/A
CVY
+7.48%
10Y(CAGR)
ZNOV
N/A
CVY
+8.91%
Max(CAGR)
Winner
ZNOV
+6.04%
CVY
+5.84%
ZNOV vs CVY - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | ZNOV | CVY |
|---|---|---|
| 2026 | +2.64% | +9.78% |
| 2025 | +6.10% | +10.03% |
| 2024 | +0.76% | +10.47% |
| 2023 | N/A | +18.77% |
| 2022 | N/A | -9.89% |
| 2021 | N/A | +26.69% |
| 2020 | N/A | -10.46% |
| 2019 | N/A | +24.93% |
| 2018 | N/A | -11.08% |
| 2017 | N/A | +14.70% |
| 2016 | N/A | +16.73% |
| 2015 | N/A | -14.38% |
| 2014 | N/A | -3.71% |
| 2013 | N/A | +16.68% |
| 2012 | N/A | +11.95% |
| 2011 | N/A | +7.09% |
| 2010 | N/A | +16.12% |
| 2009 | N/A | +45.08% |
| 2008 | N/A | -40.40% |
| 2007 | N/A | -7.36% |
| 2006 | N/A | +7.55% |
ZNOV vs CVY Drawdown Comparison
The maximum drawdown for ZNOV was -3.31%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The maximum drawdown for CVY was -66.87%, occurring on Mar 9, 2009. Recovery took 1171 trading sessions.
The current ZNOV drawdown is -0.24%.
| Rank | ZNOV | CVY |
|---|---|---|
| #1 | -3.31% Feb 19, 2025 - May 13, 2025 | -66.87% Jun 4, 2007 - Jan 25, 2012 |
| #2 | -1.64% Feb 10, 2026 - Apr 13, 2026 | -50.47% Jan 17, 2020 - Feb 24, 2021 |
| #3 | -0.98% Oct 31, 2025 - Dec 10, 2025 | -31.87% Jul 1, 2014 - Dec 4, 2017 |
| #4 | -0.63% Jun 4, 2026 - Jun 10, 2026 | -21.61% Jan 12, 2022 - Dec 14, 2023 |
| #5 | -0.59% Dec 26, 2024 - Jan 17, 2025 | -18.51% Jan 23, 2018 - Apr 17, 2019 |
| #6 | -0.54% Dec 11, 2025 - Dec 24, 2025 | -16.80% Nov 29, 2024 - Jul 10, 2025 |
| #7 | -0.53% Dec 6, 2024 - Dec 26, 2024 | -9.00% Jul 24, 2019 - Sep 13, 2019 |
| #8 | -0.53% May 16, 2025 - Jun 2, 2025 | -8.62% Sep 14, 2012 - Jan 4, 2013 |
| #9 | -0.50% Jan 9, 2026 - Jan 26, 2026 | -8.58% May 21, 2013 - Oct 17, 2013 |
| #10 | -0.50% Jan 26, 2026 - Feb 10, 2026 | -8.20% Mar 13, 2012 - Jul 19, 2012 |
| #11 | -0.41% Jul 28, 2025 - Aug 8, 2025 | -7.80% Jun 11, 2021 - Oct 20, 2021 |
| #12 | -0.40% Jun 30, 2025 - Jul 16, 2025 | -7.43% Feb 10, 2026 - Apr 30, 2026 |
| #13 | -0.39% Jan 24, 2025 - Feb 13, 2025 | -6.87% Nov 12, 2021 - Jan 4, 2022 |
| #14 | -0.36% Nov 7, 2024 - Nov 25, 2024 | -6.83% Jul 30, 2024 - Aug 30, 2024 |
| #15 | -0.34% Aug 18, 2025 - Aug 27, 2025 | -6.28% May 3, 2019 - Jun 28, 2019 |
Correlation
Correlation between ZNOV and CVY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
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