IDEC vs. IVVB
IDEC (Innovator International Developed Power Buffer ETF - December) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, IDEC returned 17.21% vs 12.56% for IVVB. Their 0.67 correlation means they have sometimes moved together and sometimes differently. IDEC charges 0.85%/yr vs 0.50%/yr for IVVB.
Performance
IDEC vs. IVVB - Performance Comparison
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Returns By Period
In the year-to-date period, IDEC achieves a 7.83% return, which is significantly higher than IVVB's 4.99% return.
IDEC
- 1D
- -0.19%
- 1M
- 1.13%
- 6M
- 4.80%
- YTD
- 7.83%
- 1Y
- 17.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.16%
IVVB
- 1D
- 0.62%
- 1M
- 0.35%
- 6M
- 3.77%
- YTD
- 4.99%
- 1Y
- 12.56%
- 3Y*
- 11.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $59.29K | $40.98K | $55.83K | |
| $448.03K | $518.51K | $884.48K |
IDEC vs. IVVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IDEC Innovator International Developed Power Buffer ETF - December | 7.83% | 21.78% | 2.50% | 3.27% |
IVVB iShares Large Cap Deep Buffer ETF | 4.99% | 9.60% | 18.66% | 1.31% |
Correlation
The correlation between IDEC and IVVB is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023 | 0.67 |
The correlation between IDEC and IVVB has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
IDEC vs. IVVB — Risk / Return Rank
IDEC
IVVB
IDEC vs. IVVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - December (IDEC) and iShares Large Cap Deep Buffer ETF (IVVB). 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.
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.
| IDEC | IVVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.01 | +0.49 |
| Martin ratioReturn relative to average drawdown | 10.24 | 8.40 | +1.84 |
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Drawdowns
IDEC vs. IVVB - Drawdown Comparison
The maximum IDEC drawdown since its inception was -8.51%, smaller than the maximum IVVB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for IDEC and IVVB.
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Drawdown Indicators
| IDEC | IVVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.51% | -13.08% | +4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -5.75% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.08% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.52% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -1.55% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.37% | +0.30% |
Volatility
IDEC vs. IVVB - Volatility Comparison
Innovator International Developed Power Buffer ETF - December (IDEC) has a higher volatility of 2.81% compared to iShares Large Cap Deep Buffer ETF (IVVB) at 2.39%. This indicates that IDEC's price experiences larger fluctuations and is considered to be riskier than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDEC | IVVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.39% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 5.46% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.12% | 7.70% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.68% | 9.19% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.68% | 9.19% | +0.49% |
IDEC vs. IVVB - Expense Ratio Comparison
IDEC has a 0.85% expense ratio, which is higher than IVVB's 0.50% expense ratio.
Dividends
IDEC vs. IVVB - Dividend Comparison
IDEC has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IDEC Innovator International Developed Power Buffer ETF - December | 0.00% | 0.00% | 0.00% |
IVVB iShares Large Cap Deep Buffer ETF | 1.17% | 1.22% | 0.87% |
Frequently Asked Questions
IDEC and IVVB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDEC has higher volatility (2.81%) compared to IVVB (2.39%). In terms of maximum drawdown, IDEC dropped -8.51% vs IVVB's -13.08%.
On 1-year performance, IDEC leads with 17.21% vs 12.56% for IVVB. On fees, IVVB is cheaper at 0.50% per year. On volatility, IVVB has been the lower-risk option at 2.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IDEC has performed better with a 17.21% return vs 12.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVB is cheaper with a 0.50% expense ratio, compared with 0.85% for IDEC.
IVVB has the higher dividend yield at 1.17%, compared with 0.00% for IDEC.
They also come from different issuers: Innovator and iShares. Their fees differ too: 0.85% for IDEC and 0.50% for IVVB.
IDEC currently has the higher Sharpe Ratio (1.89 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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