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ZFEB vs IIGD

Innovator Equity Defined Protection ETF - 1 Yr February vs Invesco Investment Grade Defensive ETF

ZFEB

Innovator Equity Defined Protection ETF - 1 Yr February

Innovator ETFs

Annual cost

0.79%

Fund size

$163M

IIGD

Invesco Investment Grade Defensive ETF

Invesco

Annual cost

0.13%

Fund size

$31M

Key differences

  • IIGD costs 0.66% less per year.
  • ZFEB is significantly larger than IIGD — larger funds tend to be more liquid and less likely to close.
  • ZFEB is classified as alternative, while IIGD is fixed income — different risk/return profiles.
  • ZFEB follows a structured outcome strategy; IIGD uses index tracking.
  • IIGD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ZFEBIIGD
Annual cost (TER)0.79%0.13%
Fund size (AUM)$163M$31M
Since20252018
Dividend yield0.00%4.27%
Asset classalternativefixed income
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+8.3%+4.6%
CAGR 3YN/A+4.8%
CAGR 5YN/A+1.6%
Sharpe 3YN/A0.39
Volatility 1Y2.25%2.33%
Max drawdown-3.00%-11.48%

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

Similar to ZFEB and IIGD