UDEC vs. BOUT
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) and Innovator IBD Breakout Opportunities ETF (BOUT).
UDEC and BOUT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDEC is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Nov 29, 2019. BOUT is a passively managed fund by Innovator that tracks the performance of the IBD Breakout Stocks Total Return Index. It was launched on Sep 13, 2018. Both UDEC and BOUT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UDEC vs. BOUT - Performance Comparison
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UDEC vs. BOUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | -1.61% | 12.97% | 9.52% | 16.80% | -9.44% | 6.44% | 6.72% | 1.16% |
BOUT Innovator IBD Breakout Opportunities ETF | 9.59% | -6.77% | 18.82% | 13.27% | -22.60% | 22.69% | 50.56% | 4.33% |
Returns By Period
In the year-to-date period, UDEC achieves a -1.61% return, which is significantly lower than BOUT's 9.59% return.
UDEC
- 1D
- 0.41%
- 1M
- -2.08%
- YTD
- -1.61%
- 6M
- 1.40%
- 1Y
- 13.67%
- 3Y*
- 11.01%
- 5Y*
- 6.10%
- 10Y*
- —
BOUT
- 1D
- 1.26%
- 1M
- -3.95%
- YTD
- 9.59%
- 6M
- 2.35%
- 1Y
- 10.03%
- 3Y*
- 9.30%
- 5Y*
- 4.29%
- 10Y*
- —
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UDEC vs. BOUT - Expense Ratio Comparison
UDEC has a 0.79% expense ratio, which is lower than BOUT's 0.80% expense ratio.
Return for Risk
UDEC vs. BOUT — Risk / Return Rank
UDEC
BOUT
UDEC vs. BOUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) and Innovator IBD Breakout Opportunities ETF (BOUT). 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.
| UDEC | BOUT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.46 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.28 | 0.74 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.10 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.75 | 0.73 | +2.02 |
Martin ratioReturn relative to average drawdown | 11.92 | 2.03 | +9.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDEC | BOUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.46 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.22 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.31 | +0.49 |
Correlation
The correlation between UDEC and BOUT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UDEC vs. BOUT - Dividend Comparison
UDEC has not paid dividends to shareholders, while BOUT's dividend yield for the trailing twelve months is around 0.31%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BOUT Innovator IBD Breakout Opportunities ETF | 0.31% | 0.34% | 0.60% | 1.32% | 1.35% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
UDEC vs. BOUT - Drawdown Comparison
The maximum UDEC drawdown since its inception was -13.37%, smaller than the maximum BOUT drawdown of -36.75%. Use the drawdown chart below to compare losses from any high point for UDEC and BOUT.
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Drawdown Indicators
| UDEC | BOUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -36.75% | +23.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -13.73% | +8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -10.26% | -28.28% | +18.02% |
Current DrawdownCurrent decline from peak | -2.72% | -5.33% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -12.55% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 4.96% | -3.81% |
Volatility
UDEC vs. BOUT - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) is 2.58%, while Innovator IBD Breakout Opportunities ETF (BOUT) has a volatility of 7.26%. This indicates that UDEC experiences smaller price fluctuations and is considered to be less risky than BOUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDEC | BOUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 7.26% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 17.22% | -12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.75% | 21.77% | -13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 19.54% | -12.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 22.96% | -14.88% |