BDEC vs. SPY
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - December (BDEC) and SPDR S&P 500 ETF (SPY).
BDEC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDEC is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index December. It was launched on Dec 1, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BDEC and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDEC or SPY.
Key characteristics
| BDEC | SPY | |
|---|---|---|
| YTD Return | 4.43% | 5.94% |
| 1Y Return | 16.69% | 22.56% |
| 3Y Return (Ann) | 7.15% | 7.95% |
| Sharpe Ratio | 1.87 | 1.93 |
| Daily Std Dev | 8.94% | 11.63% |
| Max Drawdown | -25.60% | -55.19% |
| Current Drawdown | -1.63% | -4.05% |
Correlation
The correlation between BDEC and SPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BDEC vs. SPY - Performance Comparison
In the year-to-date period, BDEC achieves a 4.43% return, which is significantly lower than SPY's 5.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BDEC vs. SPY - Expense Ratio Comparison
BDEC has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BDEC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - December (BDEC) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BDEC vs. SPY - Dividend Comparison
BDEC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDEC Innovator U.S. Equity Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BDEC vs. SPY - Drawdown Comparison
The maximum BDEC drawdown since its inception was -25.60%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BDEC and SPY. For additional features, visit the drawdowns tool.
Volatility
BDEC vs. SPY - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - December (BDEC) is 2.17%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.91%. This indicates that BDEC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.