PDEC vs. JEPI
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - December (PDEC) and JPMorgan Equity Premium Income ETF (JEPI).
PDEC and JEPI 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 S&P 500. It was launched on Nov 29, 2019. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.
Performance
PDEC vs. JEPI - Performance Comparison
Loading graphics...
PDEC vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PDEC Innovator U.S. Equity Power Buffer ETF - December | -2.03% | 12.91% | 9.46% | 17.43% | -5.95% | 9.59% | 12.09% |
JEPI JPMorgan Equity Premium Income ETF | 0.20% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, PDEC achieves a -2.03% return, which is significantly lower than JEPI's 0.20% return.
PDEC
- 1D
- 1.82%
- 1M
- -2.52%
- YTD
- -2.03%
- 6M
- 1.14%
- 1Y
- 13.03%
- 3Y*
- 10.56%
- 5Y*
- 7.39%
- 10Y*
- —
JEPI
- 1D
- 1.85%
- 1M
- -4.79%
- YTD
- 0.20%
- 6M
- 3.11%
- 1Y
- 7.84%
- 3Y*
- 9.57%
- 5Y*
- 8.26%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PDEC vs. JEPI - Expense Ratio Comparison
PDEC has a 0.79% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Return for Risk
PDEC vs. JEPI — Risk / Return Rank
PDEC
JEPI
PDEC vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - December (PDEC) and JPMorgan Equity Premium Income ETF (JEPI). 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.
| PDEC | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.60 | +0.66 |
Sortino ratioReturn per unit of downside risk | 1.90 | 0.93 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.85 | +1.07 |
Martin ratioReturn relative to average drawdown | 10.01 | 4.15 | +5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PDEC | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.60 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.75 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.03 | -0.32 |
Correlation
The correlation between PDEC and JEPI is 0.74, 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.
Dividends
PDEC vs. JEPI - Dividend Comparison
PDEC has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 8.40%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PDEC Innovator U.S. Equity Power Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.40% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
PDEC vs. JEPI - Drawdown Comparison
The maximum PDEC drawdown since its inception was -19.31%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PDEC and JEPI.
Loading graphics...
Drawdown Indicators
| PDEC | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.31% | -13.71% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -10.28% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -13.71% | +2.18% |
Current DrawdownCurrent decline from peak | -3.05% | -4.79% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -2.07% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.10% | -0.77% |
Volatility
PDEC vs. JEPI - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - December (PDEC) is 3.21%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 3.95%. This indicates that PDEC experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PDEC | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.95% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 6.36% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 13.26% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 11.06% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.07% | 10.89% | +0.18% |