NDEC vs. MSOO

Last updated Jun 23, 2026

NDEC (Innovator Growth-100 Power Buffer ETF - December) and MSOO (Leverage Shares 2x Capped Accelerated MSTR Monthly ETF) are both Defined Outcome funds. NDEC is passively managed, while MSOO is actively managed. At a 0.48 correlation, their price movements are largely independent. NDEC charges 0.79%/yr vs 0.78%/yr for MSOO.

Performance

NDEC vs. MSOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - December (NDEC) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDEC achieves a 8.11% return, which is significantly higher than MSOO's -26.25% return.

NDEC

• 1D: -0.05%
• 1M: 0.61%
• YTD: 8.11%
• 6M: 7.78%
• 1Y: 19.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSOO

• 1D: 0.00%
• 1M: -23.48%
• YTD: -26.25%
• 6M: -32.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NDEC vs. MSOO - Yearly Performance Comparison

	2026 (YTD)	2025
NDEC Innovator Growth-100 Power Buffer ETF - December	8.11%	4.41%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	-26.25%	-61.39%

Correlation

The correlation between NDEC and MSOO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.48

Return for Risk

NDEC vs. MSOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NDEC

NDEC Risk / Return Rank: 79
NDEC Sharpe Ratio Rank: 82
NDEC Sortino Ratio Rank: 84
NDEC Omega Ratio Rank: 86
NDEC Calmar Ratio Rank: 64
NDEC Martin Ratio Rank: 78

MSOO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NDEC vs. MSOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - December (NDEC) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). 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.

	NDEC	MSOO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	—	—
Sortino ratio: Return per unit of downside risk	3.58	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.09	—	—
Martin ratio: Return relative to average drawdown	14.52	—	—

Drawdowns

NDEC vs. MSOO - Drawdown Comparison

The maximum NDEC drawdown since its inception was -12.98%, smaller than the maximum MSOO drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for NDEC and MSOO.

Drawdown Indicators

	NDEC	MSOO	Difference
Max Drawdown Largest peak-to-trough decline	-12.98%	-73.17%	+60.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	—	—
Current Drawdown Current decline from peak	-0.24%	-71.52%	+71.28%
Average Drawdown Average peak-to-trough decline	-1.42%	-49.30%	+47.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	—	—

Volatility

Volatility by Period

	NDEC	MSOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	69.26%	-61.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.59%	69.26%	-57.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.59%	69.26%	-57.67%

NDEC vs. MSOO - Expense Ratio Comparison

NDEC has a 0.79% expense ratio, which is higher than MSOO's 0.78% expense ratio.

Dividends

NDEC vs. MSOO - Dividend Comparison

NDEC has not paid dividends to shareholders, while MSOO's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	2.20%	1.63%
NDEC Innovator Growth-100 Power Buffer ETF - December	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDEC and MSOO in my portfolio?

NDEC and MSOO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDEC or MSOO?

On fees, MSOO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDEC or MSOO?

MSOO is cheaper with a 0.78% expense ratio, compared with 0.79% for NDEC.

Which ETF pays a higher dividend yield, NDEC or MSOO?

MSOO has the higher dividend yield at 2.20%, compared with 0.00% for NDEC.

What is the main difference between NDEC and MSOO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for NDEC and 0.78% for MSOO.