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ZFEB vs SPDF

Innovator Equity Defined Protection ETF - 1 Yr February vs Defender Risk Adaptive 500 ETF

ZFEB

Innovator Equity Defined Protection ETF - 1 Yr February

Innovator ETFs

Annual cost

0.79%

Fund size

$163M

SPDF

Defender Risk Adaptive 500 ETF

Tamarisk Capital Management LLC

Annual cost

0.69%

Fund size

$5M

Key differences

  • SPDF costs 0.10% less per year.
  • ZFEB is significantly larger than SPDF — larger funds tend to be more liquid and less likely to close.
  • ZFEB is classified as alternative, while SPDF is equity — different risk/return profiles.
  • ZFEB follows a structured outcome strategy; SPDF uses active selection.

Side-by-side comparison

ZFEBSPDF
Annual cost (TER)0.79%0.69%
Fund size (AUM)$163M$5M
Since20252026
Dividend yield0.00%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeactive selection
CAGR 1Y+8.3%N/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y2.25%
Max drawdown-3.00%-1.90%

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

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