Innovator U.S. Equity Power Buffer ETF - December (PDEC) Alternatives

Innovator U.S. Equity Power Buffer ETF - December (PDEC) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PDEC. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to PDEC

PDEC charges 0.79% annually. Among ETFs in the Defined Outcome category, these options have the lowest expense ratios among PDEC alternatives.

Symbol	Name	Expense Ratio	Inception
FBUF	Fidelity Dynamic Buffered Equity ETF	0.48%	Apr 9, 2024	PDEC vs FBUF
SMAX	iShares Large Cap Max Buffer Sep ETF	0.50%	Sep 30, 2024	PDEC vs SMAX
BUFP	PGIM Laddered S&P 500 Buffer 12 ETF	0.50%	Jun 11, 2024	PDEC vs BUFP
DMAX	iShares Large Cap Max Buffer December ETF	0.50%	Dec 31, 2024	PDEC vs DMAX
PBFR	PGIM Laddered S&P 500 Buffer 20 ETF	0.50%	Jun 11, 2024	PDEC vs PBFR

Best Risk-Adjusted Alternatives to PDEC

Among ETFs in the Defined Outcome category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	96	Dec 1, 2024	PDEC vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	96	Feb 3, 2025	PDEC vs ZFEB
DMAX	iShares Large Cap Max Buffer December ETF	95	Dec 31, 2024	PDEC vs DMAX
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	95	Mar 3, 2025	PDEC vs ZMAR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	95	Dec 31, 2024	PDEC vs ZJAN

Top Performing PDEC Alternatives (YTD)

PDEC alternatives from the Defined Outcome category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
IAPR	Innovator International Developed Power Buffer ETF...	3.70%	Mar 31, 2021	PDEC vs IAPR
KAPR	Innovator Russell 2000 Power Buffer ETF - April	3.36%	Mar 31, 2020	PDEC vs KAPR
BAPR	Innovator U.S. Equity Buffer ETF - April	2.86%	Mar 29, 2019	PDEC vs BAPR
FMAR	FT Vest U.S. Equity Buffer ETF - March	2.73%	Mar 19, 2021	PDEC vs FMAR
EAPR	Innovator Emerging Markets Power Buffer ETF - Apri...	2.56%	Mar 31, 2021	PDEC vs EAPR

Lowest Volatility Alternatives to PDEC

PDEC alternatives from the Defined Outcome category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ZMAY	Innovator Equity Defined Protection ETF - 1 Yr May	1.50%	May 1, 2025	PDEC vs ZMAY
ZJUN	Innovator Equity Defined Protection ETF - 1 Yr Jun...	1.91%	May 30, 2025	PDEC vs ZJUN
AIOO	AllianzIM U.S. Equity Buffer100 Protection ETF	1.98%	Jun 30, 2025	PDEC vs AIOO
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	2.61%	Apr 1, 2025	PDEC vs ZAPR
MMAX	iShares Large Cap Max Buffer Mar ETF	2.61%	Mar 31, 2025	PDEC vs MMAX

Lowest Drawdown Alternatives to PDEC

PDEC alternatives from the Defined Outcome category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	-1.56%	Feb 3, 2025	PDEC vs ZFEB
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	-1.57%	Dec 1, 2024	PDEC vs ZDEK
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	-1.72%	Apr 1, 2025	PDEC vs ZAPR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	-1.87%	Dec 31, 2024	PDEC vs ZJAN
ZOCT	Innovator Equity Defined Protection ETF - 1 Yr Oct...	-1.91%	Oct 1, 2024	PDEC vs ZOCT

Other ETFs from Innovator

Most popular Innovator ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BALT	Innovator Defined Wealth Shield ETF	Defined Outcome	84	0.00%	Jun 30, 2021	PDEC vs BALT
FFTY	Innovator IBD 50 ETF	Large Cap Growth Equities	41	-2.33%	Apr 9, 2015	PDEC vs FFTY
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	74	-0.54%	Oct 20, 2016	PDEC vs BUFF
LOUP	Innovator Deepwater Frontier Tech ETF	Technology Equities	78	-8.46%	Jul 24, 2018	PDEC vs LOUP
SFLR	Innovator Equity Managed Floor ETF	Options Trading	71	-3.03%	Nov 8, 2022	PDEC vs SFLR
PJAN	Innovator U.S. Equity Power Buffer ETF - January	Defined Outcome	67	-1.66%	Jan 2, 2019	PDEC vs PJAN
PJUL	Innovator U.S. Equity Power Buffer ETF - July	Defined Outcome	81	-0.60%	Aug 7, 2018	PDEC vs PJUL
POCT	Innovator U.S. Equity Power Buffer ETF October	Defined Outcome	64	-1.42%	Sep 28, 2018	PDEC vs POCT
UAUG	Innovator U.S. Equity Ultra Buffer ETF - August	Defined Outcome	81	-1.08%	Jul 31, 2019	PDEC vs UAUG
BOUT	Innovator IBD Breakout Opportunities ETF	Mid Cap Growth Equities	25	9.59%	Sep 13, 2018	PDEC vs BOUT

Often Compared With PDEC

What investors most often compare with PDEC, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BDEC	Innovator U.S. Equity Buffer ETF - December	Defined Outcome	66	-2.53%	Nov 29, 2019	PDEC vs BDEC
JEPI	JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	34	0.46%	May 20, 2020	PDEC vs JEPI
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	65	-4.76%	Mar 10, 1999	PDEC vs QQQ
DIVO	Amplify CWP Enhanced Dividend Income ETF	Derivative Income	76	2.19%	Dec 13, 2016	PDEC vs DIVO
VOO	Vanguard S&P 500 ETF	S&P 500	60	-3.66%	Sep 7, 2010	PDEC vs VOO
KSEP	Innovator U.S. Small Cap Power Buffer ETF - Septem...	Defined Outcome	64	1.59%	Aug 30, 2024	PDEC vs KSEP
PSCW	Pacer Swan SOS Conservative (April) ETF	Defined Outcome	83	1.80%	Mar 31, 2021	PDEC vs PSCW
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	Defined Outcome	85	2.50%	Mar 31, 2020	PDEC vs NAPR
PSMR	Pacer Swan SOS Moderate (April) ETF	Defined Outcome	77	1.88%	Mar 31, 2021	PDEC vs PSMR

Compare PDEC with Any Fund or Stock

Compare PDEC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Innovator U.S. Equity Power Buffer ETF - December

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