ZMARvsHEGDETF Comparison
ETF 1
ZMAR
Innovator Equity Defined Protection (1Y March) ETF
This fund is part of
Options Strategies
+0.26%
VS
Innovator Equity Defined Protection (1Y March) ETF (ZMAR) and Swan Hedged Equity US Large Cap ETF (HEGD) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. ZMAR is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.87% for HEGD. ZMAR is up 1.87% year-to-date (YTD) with +$39M in YTD flows. HEGD performs better with 2.85% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of ZMAR and HEGD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ZMAR vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ZMAR HEGD | +1.96%+4.96% | +1.39%+1.92% | +1.87%+2.85% | +8.97%+18.83% | n/a+48.19% | n/a+47.65% |
| Flows | ZMAR HEGD | +$32M+$28M | +$44M+$30M | +$39M+$41M | +$18M+$202M | -+$419M | -+$512M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ZMAR HEGD | +2.76%+7.39% | +2.24%+7.02% | n/a+8.16% | n/a+9.17% |
| Max drawdown | ZMAR HEGD | -1.24%-4.33% | -1.24%-4.33% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | ZMAR HEGD | 38d77d | 38d77d | n/a124d | n/a721d |
Trading data
ZMAR | HEGD | |
Last sale 4/27/2026 at 1:30 PM | $27.97 | $26.00 |
| Previous close 04/24/2026 | $27.99 | $25.98 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
ZMAR | HEGD | |
|---|---|---|
| Last price | $27.97 | $26.00 |
| 1D performance | -0.05% | +0.08% |
| AuM | $132.33 M | $660.50 M |
| E/R | 0.79% | 0.87% |
Characteristics
ZMAR | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 3, 2025 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
ZMAR
USA
88.95%
Other
11.05%
HEGD
USA
82.45%
Other
17.55%
Sectors
ZMAR
Information Techn.
31.17%
Financials
9.42%
Communication Ser.
9.41%
Consumer Discreti.
9.21%
Health Care
8.57%
Industrials
7.65%
Other
24.57%
HEGD
Information Techn.
28.86%
Financials
8.83%
Communication Ser.
8.7%
Consumer Discreti.
8.52%
Health Care
7.93%
Industrials
7.08%
Other
30.08%
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Diversification
ZMAR
Total weight of top 15 holdings out of 15
38.99%
HEGD
Total weight of top 15 holdings out of 15
36.14%
Top 15 holdings
Data as of March 31, 2026
ZMAR
NVIDIA
6.97%
APPLE
6.12%
MICROSOFT-T
4.52%
AMAZON.COM INC
3.34%
ALPHABET INC-CL
2.75%
BROADCOM LIMITED
2.41%
ALPHABET INC-CL
2.20%
META PLATFORMS
2.06%
TESLA
1.72%
BERKSHIRE HATHWAY
1.44%
JPMORGAN CHASE
1.23%
LILLY
1.20%
EXXON
1.17%
JOHNSON&JOHNSON
0.97%
WALMART INC
0.90%
HEGD
NVIDIA
6.44%
APPLE
5.67%
MICROSOFT-T
4.18%
AMAZON.COM INC
3.09%
ALPHABET INC-CL
2.55%
BROADCOM LIMITED
2.23%
ALPHABET INC-CL
2.04%
META PLATFORMS
1.90%
TESLA
1.59%
BERKSHIRE HATHWAY
1.34%
JPMORGAN CHASE
1.21%
LILLY
1.11%
EXXON
1.08%
JOHNSON&JOHNSON
0.90%
WALMART INC
0.83%
Frequently asked questions about ZMAR and HEGD
How have the ZMAR and HEGD ETFs performed in 2026?
As of April 24, 2026, ZMAR is up 1.87% year-to-date (YTD), while HEGD has returned 2.85%. That puts HEGD better performer ahead so far this year.
Which ETF is attracting more investor money: ZMAR or HEGD?
Year-to-date, the ZMAR ETF saw +$39M in flows, compared to +$41M for HEGD.
Which ETF is more volatile: ZMAR or HEGD?
Over the past year, ZMAR had a volatility of 2.24%, while HEGD experienced 7.02%.
Which ETF is bigger: ZMAR or HEGD?
As of April 24, 2026, ZMAR holds $132.33 M in assets under management (AUM), while HEGD manages $660.50 M.
What sectors do the ZMAR and HEGD ETFs invest in?
ZMAR leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, HEGD focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the ZMAR ETF and HEGD ETF?
ZMAR top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: ZMAR or HEGD?
ZMAR holds 503 securities with 38.99% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 36.14%.
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