PDEC vs. BDEC
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - December (PDEC) and Innovator U.S. Equity Buffer ETF - December (BDEC).
PDEC and BDEC 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. 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. Both PDEC and BDEC 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: PDEC or BDEC.
Correlation
The correlation between PDEC and BDEC is 0.92, 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
PDEC vs. BDEC - Performance Comparison
Key characteristics
PDEC:
2.11
BDEC:
1.89
PDEC:
2.94
BDEC:
2.56
PDEC:
1.47
BDEC:
1.40
PDEC:
4.03
BDEC:
3.04
PDEC:
16.86
BDEC:
14.04
PDEC:
0.58%
BDEC:
0.88%
PDEC:
4.67%
BDEC:
6.60%
PDEC:
-19.31%
BDEC:
-25.60%
PDEC:
0.00%
BDEC:
0.00%
Returns By Period
In the year-to-date period, PDEC achieves a 2.50% return, which is significantly lower than BDEC's 2.92% return.
PDEC
2.50%
1.38%
3.85%
9.75%
7.66%
N/A
BDEC
2.92%
1.49%
4.36%
12.22%
9.91%
N/A
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PDEC vs. BDEC - Expense Ratio Comparison
Both PDEC and BDEC have an expense ratio of 0.79%.
Risk-Adjusted Performance
PDEC vs. BDEC — Risk-Adjusted Performance Rank
PDEC
BDEC
PDEC vs. BDEC - 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 U.S. Equity Buffer ETF - December (BDEC). 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
PDEC vs. BDEC - Dividend Comparison
Neither PDEC nor BDEC has paid dividends to shareholders.
Drawdowns
PDEC vs. BDEC - Drawdown Comparison
The maximum PDEC drawdown since its inception was -19.31%, smaller than the maximum BDEC drawdown of -25.60%. Use the drawdown chart below to compare losses from any high point for PDEC and BDEC. For additional features, visit the drawdowns tool.
Volatility
PDEC vs. BDEC - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - December (PDEC) is 1.66%, while Innovator U.S. Equity Buffer ETF - December (BDEC) has a volatility of 2.14%. This indicates that PDEC experiences smaller price fluctuations and is considered to be less risky than BDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.