Correlation
The correlation between PDEC and BALT is 0.78, 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.
PDEC vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - December (PDEC) and Innovator Defined Wealth Shield ETF (BALT).
PDEC and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDEC is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect December Series Index. It was launched on Dec 2, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDEC or BALT.
Performance
PDEC vs. BALT - Performance Comparison
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Key characteristics
PDEC:
0.48
BALT:
1.71
PDEC:
0.73
BALT:
2.36
PDEC:
1.12
BALT:
1.41
PDEC:
0.42
BALT:
1.60
PDEC:
1.76
BALT:
8.03
PDEC:
2.58%
BALT:
0.98%
PDEC:
9.92%
BALT:
4.96%
PDEC:
-19.31%
BALT:
-4.89%
PDEC:
-1.70%
BALT:
-0.03%
Returns By Period
In the year-to-date period, PDEC achieves a 0.94% return, which is significantly lower than BALT's 1.46% return.
PDEC
0.94%
2.29%
-0.13%
4.57%
9.11%
8.09%
N/A
BALT
1.46%
1.01%
1.59%
8.10%
7.36%
N/A
N/A
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PDEC vs. BALT - Expense Ratio Comparison
PDEC has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
PDEC vs. BALT — Risk-Adjusted Performance Rank
PDEC
BALT
PDEC vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - December (PDEC) and Innovator Defined Wealth Shield ETF (BALT). 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.
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Dividends
PDEC vs. BALT - Dividend Comparison
Neither PDEC nor BALT has paid dividends to shareholders.
Drawdowns
PDEC vs. BALT - Drawdown Comparison
The maximum PDEC drawdown since its inception was -19.31%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for PDEC and BALT.
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Volatility
PDEC vs. BALT - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - December (PDEC) has a higher volatility of 2.53% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.74%. This indicates that PDEC's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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