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ZFEB vs PWB

Innovator Equity Defined Protection ETF - 1 Yr February vs Invesco Dynamic Large Cap Growth ETF

ZFEB

Innovator Equity Defined Protection ETF - 1 Yr February

Innovator ETFs

Annual cost

0.79%

Fund size

$163M

PWB

Invesco Dynamic Large Cap Growth ETF

Invesco

Annual cost

0.55%

Fund size

$1.9B

Key differences

  • PWB costs 0.24% less per year.
  • PWB is significantly larger than ZFEB — larger funds tend to be more liquid and less likely to close.
  • ZFEB is classified as alternative, while PWB is equity — different risk/return profiles.
  • ZFEB follows a structured outcome strategy; PWB uses index tracking.
  • PWB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ZFEBPWB
Annual cost (TER)0.79%0.55%
Fund size (AUM)$163M$1.9B
Since20252005
Dividend yield0.00%0.00%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+8.4%+47.6%
CAGR 3YN/A+34.1%
CAGR 5YN/A+18.7%
Sharpe 3YN/A1.45
Volatility 1Y2.23%18.57%
Max drawdown-3.00%-32.36%

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

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