UDEC vs. FFTY

Last updated Aug 4, 2026

UDEC (Innovator U.S. Equity Ultra Buffer ETF - December) and FFTY (CapForce IBD 50 ETF) are both exchange-traded funds - UDEC is a Defined Outcome fund tracking the S&P 500, while FFTY is a Mid Cap Growth Equities fund tracking the IBD 50 Index. Both are passively managed. Over the past 5 years, UDEC returned 7.38%/yr vs -3.22%/yr for FFTY. Their 0.68 correlation means they have sometimes moved together and sometimes differently. UDEC charges 0.79%/yr vs 0.80%/yr for FFTY.

Performance

UDEC vs. FFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) and CapForce IBD 50 ETF (FFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UDEC having a 6.52% return and FFTY slightly higher at 6.64%.

UDEC

• 1D: 0.47%
• 1M: 1.33%
• 6M: 5.40%
• YTD: 6.52%
• 1Y: 15.43%
• 3Y*: 11.63%
• 5Y*: 7.38%
• 10Y*: —
• ALL TIME*: 7.30%

FFTY

• 1D: 0.35%
• 1M: -8.71%
• 6M: 3.25%
• YTD: 6.64%
• 1Y: 13.68%
• 3Y*: 15.53%
• 5Y*: -3.22%
• 10Y*: 5.49%
• ALL TIME*: 4.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFTY CapForce IBD 50 ETF	$850.81K	$1.10M	$1.54M
UDEC Innovator U.S. Equity Ultra Buffer ETF - December	$499.11K	$383.21K	$1.53M

UDEC vs. FFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UDEC Innovator U.S. Equity Ultra Buffer ETF - December	6.52%	12.97%	9.52%	16.80%	-9.44%	6.44%	6.72%	1.00%
FFTY CapForce IBD 50 ETF	6.64%	23.38%	18.36%	12.40%	-51.08%	11.92%	18.20%	-1.50%

Correlation

The correlation between UDEC and FFTY is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019	0.68

The correlation between UDEC and FFTY has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

UDEC vs. FFTY - Sectors Allocation Comparison

Sectors	UDEC	FFTY
Technology	37.9%	18.5%
Financial Services	11.7%	20.9%
Communication Services	10.0%	0.9%
Consumer Cyclical	9.6%	3.6%
Healthcare	9.1%	43.7%
Industrials	8.4%	5.7%
Consumer Defensive	4.6%	1.0%
Energy	3.0%	2.6%
Utilities	2.3%	2.1%
Real Estate	1.9%	0.5%
Basic Materials	1.7%	3.6%

Return for Risk

UDEC vs. FFTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UDEC

UDEC Risk / Return Rank: 90
UDEC Sharpe Ratio Rank: 90
UDEC Sortino Ratio Rank: 91
UDEC Omega Ratio Rank: 91
UDEC Calmar Ratio Rank: 85
UDEC Martin Ratio Rank: 92

FFTY

FFTY Risk / Return Rank: 21
FFTY Sharpe Ratio Rank: 20
FFTY Sortino Ratio Rank: 21
FFTY Omega Ratio Rank: 21
FFTY Calmar Ratio Rank: 21
FFTY Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UDEC vs. FFTY - 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 CapForce IBD 50 ETF (FFTY). 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.

	UDEC	FFTY	Difference
Sharpe ratio: Return per unit of total volatility	2.35	0.38	+1.97
Sortino ratio: Return per unit of downside risk	3.42	0.73	+2.70
Omega ratio: Gain probability vs. loss probability	1.46	1.09	+0.36
Calmar ratio: Return relative to maximum drawdown	3.49	0.59	+2.90
Martin ratio: Return relative to average drawdown	16.73	1.43	+15.30

UDEC vs. FFTY - Sharpe Ratio Comparison

The current UDEC Sharpe Ratio is 2.35, which is higher than the FFTY Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of UDEC and FFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UDEC vs. FFTY - Drawdown Comparison

The maximum UDEC drawdown since its inception was -13.37%, smaller than the maximum FFTY drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for UDEC and FFTY.

Drawdown Indicators

	UDEC	FFTY	Difference
Max Drawdown Largest peak-to-trough decline	-13.37%	-59.46%	+46.09%
Max Drawdown (1Y) Largest decline over 1 year	-4.44%	-23.29%	+18.85%
Max Drawdown (3Y) Largest decline over 3 years	-8.94%	-29.60%	+20.66%
Max Drawdown (5Y) Largest decline over 5 years	-10.26%	-59.46%	+49.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.46%	—
Current Drawdown Current decline from peak	0.00%	-24.84%	+24.84%
Average Drawdown Average peak-to-trough decline	-2.12%	-22.32%	+20.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	9.56%	-8.64%

Volatility

UDEC vs. FFTY - Volatility Comparison

The current volatility for Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) is 1.81%, while CapForce IBD 50 ETF (FFTY) has a volatility of 7.60%. This indicates that UDEC experiences smaller price fluctuations and is considered to be less risky than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDEC	FFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	7.60%	-5.79%
Volatility (6M) Calculated over the trailing 6-month period	4.63%	28.17%	-23.54%
Volatility (1Y) Calculated over the trailing 1-year period	6.61%	36.43%	-29.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.27%	29.75%	-22.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.98%	27.80%	-19.82%

UDEC vs. FFTY - Expense Ratio Comparison

UDEC has a 0.79% expense ratio, which is lower than FFTY's 0.80% expense ratio.

Dividends

UDEC vs. FFTY - Dividend Comparison

UDEC has not paid dividends to shareholders, while FFTY's dividend yield for the trailing twelve months is around 1.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFTY CapForce IBD 50 ETF	1.26%	1.35%	0.91%	0.65%	2.75%	0.22%	0.00%	0.00%	0.00%	0.17%
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%	0.00%

Frequently Asked Questions

Can I hold both UDEC and FFTY in my portfolio?

UDEC and FFTY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDEC or FFTY?

FFTY has higher volatility (7.60%) compared to UDEC (1.81%). In terms of maximum drawdown, UDEC dropped -13.37% vs FFTY's -59.46%.

Which ETF is better, UDEC or FFTY?

On 5-year performance, UDEC leads with 7.38% vs -3.22% for FFTY. On fees, UDEC is cheaper at 0.79% per year. On volatility, UDEC has been the lower-risk option at 1.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDEC or FFTY?

Over the 5-year period, UDEC has performed better with a 7.38% return vs -3.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDEC or FFTY?

UDEC is cheaper with a 0.79% expense ratio, compared with 0.80% for FFTY.

Which ETF pays a higher dividend yield, UDEC or FFTY?

FFTY has the higher dividend yield at 1.26%, compared with 0.00% for UDEC.

What is the main difference between UDEC and FFTY?

UDEC is categorized as Defined Outcome, while FFTY is Mid Cap Growth Equities. UDEC tracks S&P 500, while FFTY tracks IBD 50 Index. They also come from different issuers: Innovator and CapForce. Their fees differ too: 0.79% for UDEC and 0.80% for FFTY.

Which has better risk-adjusted returns?

UDEC currently has the higher Sharpe Ratio (2.35 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.