ZNOV vs SOLT

Comparison between Innovator Equity Defined Protection ETF 1 Yr November (ZNOV, ETF) and 2x Solana ETF (SOLT, ETF).

ZNOV vs SOLT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZNOV(ETF)	SOLT(ETF)
Net Assets	$141M	$141M
Expense Ratio	0.79%	N/A
Max Drawdown	3.31%	96.31%
Sharpe Ratio	1.15	-1.03
5Y Beta	0.16	3.48

Net Assets

ZNOV

$141M

SOLT

$141M

Expense Ratio

ZNOV

0.79%

SOLT

N/A

Max Drawdown

Winner

ZNOV

3.31%

SOLT

96.31%

Sharpe Ratio

Winner

ZNOV

1.15

SOLT

-1.03

5Y Beta

Winner

ZNOV

0.16

SOLT

3.48

ZNOV vs SOLT - Historical Returns

Returns include dividend reinvestment.

Period	ZNOV	SOLT
1 month	+0.52%	-48.59%
3 months	+2.04%	-54.16%
6 months	+2.65%	-83.23%
1 year	+7.07%	-91.50%
Max(CAGR)	+5.98%	-86.17%

Winner

ZNOV

+0.52%

SOLT

-48.59%

Winner

ZNOV

+2.04%

SOLT

-54.16%

Winner

ZNOV

+2.65%

SOLT

-83.23%

Winner

ZNOV

+7.07%

SOLT

-91.50%

Max(CAGR)

Winner

ZNOV

+5.98%

SOLT

-86.17%

ZNOV vs SOLT - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	ZNOV	SOLT
2026	+2.44%	-82.30%
2025	+6.10%	-53.74%
2024	+0.76%	N/A

ZNOV vs SOLT Drawdown Comparison

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

The maximum drawdown for SOLT was -96.27%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current ZNOV drawdown is -0.44%. The current SOLT drawdown is -96.27%.

Rank	ZNOV	SOLT
#1	-3.31% Feb 19, 2025 - May 13, 2025	-96.27% Sep 18, 2025 - Jun 5, 2026
#2	-1.64% Feb 10, 2026 - Apr 13, 2026	-52.65% Mar 25, 2025 - May 8, 2025
#3	-0.98% Oct 31, 2025 - Dec 10, 2025	-44.42% May 13, 2025 - Jul 21, 2025
#4	-0.59% Dec 26, 2024 - Jan 17, 2025	-37.42% Jul 22, 2025 - Sep 8, 2025
#5	-0.54% Dec 11, 2025 - Dec 24, 2025	-7.41% Sep 12, 2025 - Sep 18, 2025
#6	-0.53% Dec 6, 2024 - Dec 26, 2024	-1.09% May 9, 2025 - May 13, 2025
#7	-0.53% May 16, 2025 - Jun 2, 2025	-0.49% Sep 8, 2025 - Sep 10, 2025
#8	-0.50% Jan 9, 2026 - Jan 26, 2026	N/A
#9	-0.50% Jan 26, 2026 - Feb 10, 2026	N/A
#10	-0.44% Jun 4, 2026 - Jun 5, 2026	N/A
#11	-0.41% Jul 28, 2025 - Aug 8, 2025	N/A
#12	-0.40% Jun 30, 2025 - Jul 16, 2025	N/A
#13	-0.39% Jan 24, 2025 - Feb 13, 2025	N/A
#14	-0.36% Nov 7, 2024 - Nov 25, 2024	N/A
#15	-0.34% Aug 18, 2025 - Aug 27, 2025	N/A

Correlation

Correlation between ZNOV and SOLT is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

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