ZSEP vs FPA
Comparison between Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP, ETF) and FIRST TRUST ASIA PACIFIC EX-JAPAN ALPHADEX FUND (FPA, ETF).
ZSEP vs FPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ZSEP
$123M
Winner
FPA
$124M
Expense Ratio
Winner
ZSEP
0.79%
FPA
0.80%
Max Drawdown
Winner
ZSEP
3.97%
FPA
55.79%
Sharpe Ratio
ZSEP
1.01
Winner
FPA
1.11
5Y Beta
Winner
ZSEP
0.17
FPA
0.96
5Y Dividends CAGR
ZSEP
N/A
FPA
17.51%
ZSEP vs FPA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZSEP
+0.56%
FPA
-15.83%
3M
Winner
ZSEP
+1.73%
FPA
-0.29%
6M
ZSEP
+3.07%
Winner
FPA
+12.76%
1Y
ZSEP
+6.26%
Winner
FPA
+36.07%
5Y(CAGR)
ZSEP
N/A
FPA
+10.70%
10Y(CAGR)
ZSEP
N/A
FPA
+8.81%
Max(CAGR)
Winner
ZSEP
+6.52%
FPA
+6.11%
ZSEP vs FPA - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | ZSEP | FPA |
|---|---|---|
| 2026 | +3.13% | +26.21% |
| 2025 | +6.82% | +41.95% |
| 2024 | +2.12% | +5.55% |
| 2023 | N/A | +13.27% |
| 2022 | N/A | -14.58% |
| 2021 | N/A | +1.29% |
| 2020 | N/A | +13.32% |
| 2019 | N/A | +8.59% |
| 2018 | N/A | -22.54% |
| 2017 | N/A | +33.88% |
| 2016 | N/A | +2.79% |
| 2015 | N/A | +0.37% |
| 2014 | N/A | +5.58% |
| 2013 | N/A | +3.11% |
| 2012 | N/A | +24.72% |
| 2011 | N/A | -24.40% |
ZSEP vs FPA Drawdown Comparison
The maximum drawdown for ZSEP was -3.97%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The maximum drawdown for FPA was -52.90%, occurring on Mar 23, 2020. Recovery took 808 trading sessions.
The current ZSEP drawdown is -0.07%. The current FPA drawdown is -18.64%.
| Rank | ZSEP | FPA |
|---|---|---|
| #1 | -3.97% Feb 19, 2025 - May 15, 2025 | -52.90% Jan 26, 2018 - Apr 14, 2021 |
| #2 | -1.45% Feb 26, 2026 - Apr 9, 2026 | -37.78% Jul 26, 2011 - May 14, 2014 |
| #3 | -0.81% Nov 12, 2025 - Nov 26, 2025 | -35.36% Jun 2, 2021 - May 23, 2025 |
| #4 | -0.71% May 19, 2025 - Jun 2, 2025 | -24.59% Apr 28, 2015 - May 22, 2017 |
| #5 | -0.64% Oct 8, 2025 - Oct 22, 2025 | -21.26% Jun 1, 2026 - Jul 20, 2026 |
| #6 | -0.62% Oct 18, 2024 - Nov 6, 2024 | -15.34% Feb 26, 2026 - Apr 30, 2026 |
| #7 | -0.56% Dec 16, 2024 - Jan 15, 2025 | -13.25% Aug 26, 2014 - Apr 6, 2015 |
| #8 | -0.52% Feb 2, 2026 - Feb 26, 2026 | -7.08% May 14, 2026 - May 26, 2026 |
| #9 | -0.45% Jan 12, 2026 - Jan 26, 2026 | -6.98% Apr 26, 2011 - Jul 7, 2011 |
| #10 | -0.42% Nov 7, 2024 - Nov 26, 2024 | -6.39% Nov 3, 2025 - Jan 6, 2026 |
| #11 | -0.38% Sep 19, 2025 - Oct 1, 2025 | -4.74% Sep 16, 2025 - Oct 20, 2025 |
| #12 | -0.38% Jul 28, 2025 - Aug 6, 2025 | -4.40% Jul 26, 2017 - Sep 12, 2017 |
| #13 | -0.37% Jun 1, 2026 - Jun 15, 2026 | -4.40% May 6, 2026 - May 14, 2026 |
| #14 | -0.36% Sep 27, 2024 - Oct 11, 2024 | -4.08% Sep 18, 2017 - Oct 12, 2017 |
| #15 | -0.35% Jan 24, 2025 - Feb 6, 2025 | -3.80% May 7, 2021 - Jun 2, 2021 |
Correlation
Correlation between ZSEP and FPA is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
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