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Innovator U.S. Small Cap Power Buffer ETF - Decemb...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Innovator U.S. Small Cap Power Buffer ETF - December (KDEC)

ETF · Currency in USD · Last updated Apr 1, 2026

The Innovator U.S. Small Cap Power Buffer ETF™ aims to track the return of the iShares Russell 2000 ETF (IWM) up to a predetermined cap while providing a buffer against the first 15% of losses over the outcome period, before fees and expenses.

ETF Info

Issuer
Innovator
Inception Date
Nov 29, 2024
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend

Share Price Chart

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Innovator U.S. Small Cap Power Buffer ETF - December

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Innovator U.S. Small Cap Power Buffer ETF - December, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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S&P 500 Index

Returns By Period

Innovator U.S. Small Cap Power Buffer ETF - December (KDEC) has returned 0.61% so far this year and 12.16% over the past 12 months.

Innovator U.S. Small Cap Power Buffer ETF - December

1D
1.82%
1M
-2.40%
YTD
0.61%
6M
0.90%
1Y
12.16%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 2, 2024, KDEC's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, your investment would double in approximately 28.9 years.

Historically, 63% of months were positive and 38% were negative. The best month was May 2025 with a return of +3.5%, while the worst month was Dec 2024 at -4.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, KDEC closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +5.9%, while the worst single day was Apr 3, 2025 at -3.9%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.69%0.38%-2.40%0.61%
20251.71%-2.75%-3.41%-1.39%3.50%2.76%0.94%3.38%1.57%0.61%-0.69%0.36%6.52%
2024-4.08%-4.08%

Benchmark Metrics

Innovator U.S. Small Cap Power Buffer ETF - December has an annualized alpha of -1.84%, beta of 0.65, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since December 03, 2024.

  • This ETF participated in 81.50% of S&P 500 Index downside but only 62.01% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.65 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
-1.84%
Beta
0.65
R²
0.80
Upside Capture
62.01%
Downside Capture
81.50%

Expense Ratio

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

Return for Risk

Risk / Return Rank

KDEC ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

KDEC Risk / Return Rank: 4949
Overall Rank
KDEC Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
KDEC Sortino Ratio Rank: 5050
Sortino Ratio Rank
KDEC Omega Ratio Rank: 4747
Omega Ratio Rank
KDEC Calmar Ratio Rank: 4646
Calmar Ratio Rank
KDEC Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - December (KDEC) and compare them to a chosen benchmark (S&P 500 Index).

KDECBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.91

0.90

+0.01

Sortino ratio

Return per unit of downside risk

1.38

1.39

0.00

Omega ratio

Gain probability vs. loss probability

1.19

1.21

-0.02

Calmar ratio

Return relative to maximum drawdown

1.25

1.40

-0.15

Martin ratio

Return relative to average drawdown

5.55

6.61

-1.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore KDEC risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

KDEC Sortino RatioKDEC Sharpe Ratio

Dividends

Dividend History

Innovator U.S. Small Cap Power 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. Small Cap Power 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. Small Cap Power Buffer ETF - December was 16.52%, occurring on Apr 8, 2025. Recovery took 94 trading sessions.

The current Innovator U.S. Small Cap Power Buffer ETF - December drawdown is 3.66%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.52%Dec 3, 202486Apr 8, 202594Aug 22, 2025180
-5.38%Jan 23, 202646Mar 30, 2026———
-4.61%Oct 16, 202526Nov 20, 202514Dec 11, 202540
-2.18%Oct 7, 20254Oct 10, 20252Oct 14, 20256
-1.85%Dec 12, 20254Dec 17, 202512Jan 6, 202616

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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