ZSEP vs PAI
Comparison between Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP, ETF) and Western Asset Investment Grade Income Fund Inc (PAI, ETF).
ZSEP vs PAI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ZSEP
$123M
PAI
$122M
Expense Ratio
ZSEP
0.79%
PAI
N/A
Max Drawdown
Winner
ZSEP
3.97%
PAI
45.93%
Sharpe Ratio
Winner
ZSEP
0.89
PAI
-0.64
5Y Beta
Winner
ZSEP
0.16
PAI
0.22
5Y Dividends CAGR
ZSEP
N/A
PAI
2.33%
ZSEP vs PAI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZSEP
+0.69%
PAI
+0.36%
3M
Winner
ZSEP
+1.55%
PAI
-0.43%
6M
Winner
ZSEP
+3.47%
PAI
-3.43%
1Y
Winner
ZSEP
+5.96%
PAI
-0.67%
5Y(CAGR)
ZSEP
N/A
PAI
-0.84%
10Y(CAGR)
ZSEP
N/A
PAI
+1.91%
Max(CAGR)
Winner
ZSEP
+6.55%
PAI
+5.98%
ZSEP vs PAI - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ZSEP | PAI |
|---|---|---|
| 2026 | +3.84% | -1.79% |
| 2025 | +6.82% | +7.09% |
| 2024 | +2.12% | +9.44% |
| 2023 | N/A | +7.42% |
| 2022 | N/A | -21.03% |
| 2021 | N/A | +1.88% |
| 2020 | N/A | +6.17% |
| 2019 | N/A | +20.23% |
| 2018 | N/A | -11.78% |
| 2017 | N/A | +16.74% |
| 2016 | N/A | +15.58% |
| 2015 | N/A | +1.70% |
| 2014 | N/A | +7.73% |
| 2013 | N/A | -7.43% |
| 2012 | N/A | +12.40% |
| 2011 | N/A | +13.11% |
| 2010 | N/A | +6.63% |
| 2009 | N/A | +29.99% |
| 2008 | N/A | -16.92% |
| 2007 | N/A | -5.46% |
| 2006 | N/A | +16.18% |
| 2005 | N/A | -0.98% |
| 2004 | N/A | +10.46% |
| 2003 | N/A | +15.49% |
| 2002 | N/A | +6.03% |
| 2001 | N/A | +14.94% |
| 2000 | N/A | +25.82% |
| 1999 | N/A | -2.13% |
ZSEP vs PAI Drawdown Comparison
The maximum drawdown for ZSEP was -3.97%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The maximum drawdown for PAI was -38.96%, occurring on Nov 24, 2008. Recovery took 575 trading sessions.
The current PAI drawdown is -11.79%.
| Rank | ZSEP | PAI |
|---|---|---|
| #1 | -3.97% Feb 19, 2025 - May 15, 2025 | -38.96% Jun 1, 2007 - Sep 11, 2009 |
| #2 | -1.45% Feb 26, 2026 - Apr 9, 2026 | -33.71% Dec 2, 2021 - Oct 20, 2022 |
| #3 | -0.81% Nov 12, 2025 - Nov 26, 2025 | -30.98% Nov 15, 2019 - Jul 15, 2020 |
| #4 | -0.71% May 19, 2025 - Jun 2, 2025 | -22.02% Nov 26, 2012 - Apr 22, 2016 |
| #5 | -0.64% Oct 8, 2025 - Oct 22, 2025 | -19.82% Sep 28, 2017 - Jun 11, 2019 |
| #6 | -0.62% Oct 18, 2024 - Nov 6, 2024 | -13.79% May 24, 2010 - Sep 1, 2011 |
| #7 | -0.56% Dec 16, 2024 - Jan 15, 2025 | -13.48% Aug 30, 2016 - Jun 19, 2017 |
| #8 | -0.52% Feb 2, 2026 - Feb 26, 2026 | -10.99% Mar 17, 2004 - Sep 15, 2004 |
| #9 | -0.45% Jan 12, 2026 - Jan 26, 2026 | -9.79% Nov 9, 2012 - Nov 21, 2012 |
| #10 | -0.42% Nov 7, 2024 - Nov 26, 2024 | -9.55% Sep 28, 2020 - Aug 20, 2021 |
| #11 | -0.38% Sep 19, 2025 - Oct 1, 2025 | -9.15% Sep 24, 2002 - Dec 16, 2002 |
| #12 | -0.38% Jul 28, 2025 - Aug 6, 2025 | -8.91% Jun 20, 2003 - Nov 20, 2003 |
| #13 | -0.37% Jun 1, 2026 - Jun 15, 2026 | -8.83% Sep 30, 2009 - Mar 17, 2010 |
| #14 | -0.36% Sep 27, 2024 - Oct 11, 2024 | -8.29% Sep 15, 2021 - Nov 19, 2021 |
| #15 | -0.35% Jan 24, 2025 - Feb 6, 2025 | -8.08% Feb 10, 2005 - Jun 30, 2005 |
Correlation
Correlation between ZSEP and PAI is 0.58 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.58
-101
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