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TNXT vs ZSEP

T. Rowe Price Innovation Leaders ETF vs Innovator Equity Defined Protection ETF - 1 Yr September

TNXT

T. Rowe Price Innovation Leaders ETF

T. Rowe Price

Annual cost

0.49%

Fund size

$17M

ZSEP

Innovator Equity Defined Protection ETF - 1 Yr September

Innovator ETFs

Annual cost

0.79%

Fund size

$145M

Key differences

  • TNXT costs 0.30% less per year.
  • ZSEP is significantly larger than TNXT — larger funds tend to be more liquid and less likely to close.
  • TNXT is classified as equity, while ZSEP is alternative — different risk/return profiles.
  • TNXT follows a index tracking strategy; ZSEP uses structured outcome.

Side-by-side comparison

TNXTZSEP
Annual cost (TER)0.49%0.79%
Fund size (AUM)$17M$145M
Since20262024
Dividend yield0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingstructured outcome
CAGR 1YN/A+8.2%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y2.55%
Max drawdown-12.96%-3.97%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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