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Innovator U.S. Equity Buffer ETF - December (BDEC)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Issuer

Innovator

Inception Date

Dec 1, 2019

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Cboe S&P 500 Buffer Protect Index December

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

BDEC has an expense ratio of 0.79%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

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Performance

Performance Chart


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S&P 500

Returns By Period

Innovator U.S. Equity Buffer ETF - December (BDEC) returned 0.90% year-to-date (YTD) and 5.98% over the past 12 months.


BDEC

YTD

0.90%

1M

4.59%

6M

-0.62%

1Y

5.98%

3Y*

10.56%

5Y*

10.73%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of BDEC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.94%-0.90%-3.89%-0.64%4.59%0.90%
20241.46%3.00%1.58%-1.63%3.17%1.70%0.60%1.35%0.82%0.48%1.11%-1.51%12.71%
20235.07%-1.85%2.81%1.16%0.30%5.53%2.66%-1.44%-4.61%-2.04%8.38%3.03%19.86%
2022-3.45%-2.08%2.84%-6.69%0.72%-5.45%6.38%-1.95%-6.83%7.07%5.25%-4.26%-9.42%
2021-1.00%1.96%3.40%2.01%1.11%1.12%0.51%0.84%-0.56%1.60%0.43%3.13%15.46%
20200.10%-6.37%-8.32%8.98%3.70%1.02%3.69%4.07%-1.43%-1.83%8.20%2.31%13.38%
20192.40%2.40%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BDEC is 43, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BDEC is 4343
Overall Rank
The Sharpe Ratio Rank of BDEC is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of BDEC is 3838
Sortino Ratio Rank
The Omega Ratio Rank of BDEC is 4747
Omega Ratio Rank
The Calmar Ratio Rank of BDEC is 4343
Calmar Ratio Rank
The Martin Ratio Rank of BDEC is 4545
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - December (BDEC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Innovator U.S. Equity Buffer ETF - December Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 0.46
  • 5-Year: 0.87
  • All Time: 0.64

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Innovator U.S. Equity Buffer ETF - December compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


Innovator U.S. Equity Buffer ETF - December doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Innovator U.S. Equity Buffer ETF - December. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Innovator U.S. Equity Buffer ETF - December was 25.60%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.

The current Innovator U.S. Equity Buffer ETF - December drawdown is 2.29%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-25.6%Feb 20, 202023Mar 23, 202095Aug 6, 2020118
-16.44%Jan 5, 2022194Oct 12, 2022166Jun 12, 2023360
-13.95%Feb 20, 202534Apr 8, 2025
-9.02%Aug 1, 202363Oct 27, 202324Dec 1, 202387
-4.64%Oct 13, 202012Oct 28, 20207Nov 6, 202019
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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