ZNOV vs FRGN

Comparison between Innovator Equity Defined Protection ETF 1 Yr November (ZNOV, ETF) and Horizon International Equity ETF (FRGN, ETF).

ZNOV vs FRGN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZNOV(ETF)	FRGN(ETF)
Net Assets	$109M	$110M
Expense Ratio	0.79%	0.75%
Max Drawdown	3.31%	12.40%
Sharpe Ratio	0.74	1.32
5Y Beta	0.16	1.32

Net Assets

ZNOV

$109M

Winner

FRGN

$110M

Expense Ratio

ZNOV

0.79%

Winner

FRGN

0.75%

Max Drawdown

Winner

ZNOV

3.31%

FRGN

12.40%

Sharpe Ratio

ZNOV

0.74

Winner

FRGN

1.32

5Y Beta

Winner

ZNOV

0.16

FRGN

1.32

ZNOV vs FRGN - Historical Returns

Returns include dividend reinvestment.

Period	ZNOV	FRGN
1 month	+0.57%	-1.59%
3 months	+1.38%	+4.41%
6 months	+2.71%	+11.39%
1 year	+5.83%	N/A
Max(CAGR)	+5.94%	+34.85%

Winner

ZNOV

+0.57%

FRGN

-1.59%

ZNOV

+1.38%

Winner

FRGN

+4.41%

ZNOV

+2.71%

Winner

FRGN

+11.39%

ZNOV

+5.83%

FRGN

N/A

Max(CAGR)

ZNOV

+5.94%

Winner

FRGN

+34.85%

ZNOV vs FRGN - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	ZNOV	FRGN
2026	+3.17%	+16.79%
2025	+6.10%	+1.47%
2024	+0.76%	N/A

ZNOV vs FRGN Drawdown Comparison

The maximum drawdown for ZNOV was -3.31%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.

The maximum drawdown for FRGN was -12.40%, occurring on Mar 30, 2026. Recovery took 45 trading sessions.

The current ZNOV drawdown is -0.22%. The current FRGN drawdown is -5.37%.

Rank	ZNOV	FRGN
#1	-3.31% Feb 19, 2025 - May 13, 2025	-12.40% Feb 25, 2026 - Apr 30, 2026
#2	-1.64% Feb 10, 2026 - Apr 13, 2026	-5.60% Jun 22, 2026 - Jul 20, 2026
#3	-0.98% Oct 31, 2025 - Dec 10, 2025	-5.47% Jun 2, 2026 - Jun 18, 2026
#4	-0.63% Jun 4, 2026 - Jun 18, 2026	-3.88% May 13, 2026 - May 29, 2026
#5	-0.59% Dec 26, 2024 - Jan 17, 2025	-3.02% Jan 29, 2026 - Feb 9, 2026
#6	-0.54% Dec 11, 2025 - Dec 24, 2025	-2.62% Dec 10, 2025 - Dec 23, 2025
#7	-0.53% Dec 6, 2024 - Dec 26, 2024	-1.79% Jan 15, 2026 - Jan 22, 2026
#8	-0.53% May 16, 2025 - Jun 2, 2025	-1.78% May 11, 2026 - May 13, 2026
#9	-0.50% Jan 9, 2026 - Jan 26, 2026	-1.55% May 6, 2026 - May 8, 2026
#10	-0.50% Jan 26, 2026 - Feb 10, 2026	-1.34% Feb 11, 2026 - Feb 20, 2026
#11	-0.42% Jun 18, 2026 - Jun 30, 2026	-0.86% Jan 6, 2026 - Jan 12, 2026
#12	-0.41% Jul 28, 2025 - Aug 8, 2025	-0.76% Apr 30, 2026 - May 5, 2026
#13	-0.40% Jun 30, 2025 - Jul 16, 2025	-0.64% Dec 26, 2025 - Jan 2, 2026
#14	-0.39% Jan 24, 2025 - Feb 13, 2025	-0.46% Jan 27, 2026 - Jan 29, 2026
#15	-0.36% Nov 7, 2024 - Nov 25, 2024	-0.38% Jan 12, 2026 - Jan 14, 2026