- Issuer
- Innovator
- Inception Date
- Nov 29, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $984M
Highlights
- Avg. Volume (1M)
- 22K
- Avg. Volume Value (1M)
- $1.01M
Share Price Chart
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Performance
PDEC Performance Chart
Innovator U.S. Equity Power Buffer ETF - December (PDEC) is up 7.1% since the beginning of the year. PDEC is currently trading at $46 per share. Investors who bought $1,000 worth of PDEC shares 5 years ago would now be looking at an investment worth $1,515.
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Returns By Period
Innovator U.S. Equity Power Buffer ETF - December (PDEC) has returned 7.08% so far this year and 15.66% over the past 12 months.
Innovator U.S. Equity Power Buffer ETF - December
- 1D
- 0.48%
- 1M
- 1.21%
- 6M
- 6.00%
- YTD
- 7.08%
- 1Y
- 15.66%
- 3Y*
- 11.53%
- 5Y*
- 8.66%
- 10Y*
- —
- ALL TIME*
- 8.78%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
PDEC Monthly Returns History
Based on dividend-adjusted daily data since Dec 2, 2019, PDEC's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2023 with a return of +8.4%, while the worst month was Mar 2020 at -6.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PDEC closed higher 55% of trading days. The best single day was Mar 13, 2020 with a return of +5.6%, while the worst single day was Mar 12, 2020 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | -0.18% | -2.52% | 5.62% | 2.29% | -0.07% | 0.74% | 0.48% | 7.08% | ||||
| 2025 | 1.64% | -0.72% | -3.02% | -0.40% | 3.55% | 3.17% | 1.42% | 1.33% | 2.19% | 1.26% | 1.41% | 0.53% | 12.91% |
| 2024 | 1.03% | 2.03% | 1.15% | -1.00% | 2.36% | 1.15% | 0.59% | 0.93% | 0.60% | 0.65% | 0.70% | -1.06% | 9.46% |
| 2023 | 3.95% | -1.35% | 2.61% | 0.76% | 0.25% | 4.75% | 2.25% | -0.97% | -3.98% | -2.38% | 8.42% | 2.48% | 17.43% |
| 2022 | -2.20% | -1.64% | 2.16% | -5.01% | 0.64% | -3.66% | 4.47% | -1.22% | -4.03% | 5.23% | 2.77% | -2.95% | -5.95% |
| 2021 | -1.06% | 1.53% | 2.16% | 1.48% | 0.50% | 0.51% | 0.28% | 0.69% | -0.17% | 0.82% | 0.16% | 2.35% | 9.59% |
Benchmark Metrics
Innovator U.S. Equity Power Buffer ETF - December has an annualized alpha of 1.30%, beta of 0.50, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since December 02, 2019.
- This ETF participated in 49.41% of S&P 500 Index downside but only 46.10% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 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
- 1.30%
- Beta
- 0.50
- R²
- 0.89
- Upside Capture
- 46.10%
- Downside Capture
- 49.41%
Expense Ratio
PDEC has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PDEC ranks 89 for risk / return — above 89% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - December (PDEC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDEC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.31 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.41 | +0.88 |
| Martin ratioReturn relative to average drawdown | 16.60 | 10.22 | +6.38 |
Dividends
Dividend History
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 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. Equity Power Buffer ETF - December was 19.31%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.31%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 | COVID crash2020 |
-11.53%Jun 2022 | 5mo 13d | 11mo 6d | 1y 4moJan 2022 - May 2023 | Bear market2022 |
-10.77%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-7.90%Oct 2023 | 2mo 27d | 24d | 3mo 21dAug 2023 - Nov 2023 | — |
-4.78%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| PDEC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.31% | -56.78% | +37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.78% | -9.10% | +4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.77% | -18.90% | +8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -25.43% | +13.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -10.70% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.14% | -1.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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