UDEC vs. TDTF
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) and FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF).
UDEC and TDTF 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. TDTF is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 5-Year Target Duration TIPS. It was launched on Sep 19, 2011. Both UDEC and TDTF 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. TDTF - Performance Comparison
Loading graphics...
UDEC vs. TDTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | -2.02% | 12.97% | 9.52% | 16.80% | -9.44% | 6.44% | 6.72% | 1.16% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 0.61% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 0.77% |
Returns By Period
In the year-to-date period, UDEC achieves a -2.02% return, which is significantly lower than TDTF's 0.61% return.
UDEC
- 1D
- 1.38%
- 1M
- -2.49%
- YTD
- -2.02%
- 6M
- 1.22%
- 1Y
- 13.24%
- 3Y*
- 10.86%
- 5Y*
- 6.01%
- 10Y*
- —
TDTF
- 1D
- 0.08%
- 1M
- -0.92%
- YTD
- 0.61%
- 6M
- 0.78%
- 1Y
- 3.85%
- 3Y*
- 3.71%
- 5Y*
- 2.01%
- 10Y*
- 2.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UDEC vs. TDTF - Expense Ratio Comparison
UDEC has a 0.79% expense ratio, which is higher than TDTF's 0.18% expense ratio.
Return for Risk
UDEC vs. TDTF — Risk / Return Rank
UDEC
TDTF
UDEC vs. TDTF - 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 FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF). 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 | TDTF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.02 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.45 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.65 | +1.05 |
Martin ratioReturn relative to average drawdown | 11.87 | 6.16 | +5.72 |
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
| UDEC | TDTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.02 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.35 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.46 | +0.32 |
Correlation
The correlation between UDEC and TDTF is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UDEC vs. TDTF - Dividend Comparison
UDEC has not paid dividends to shareholders, while TDTF's dividend yield for the trailing twelve months is around 4.37%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.37% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Drawdowns
UDEC vs. TDTF - Drawdown Comparison
The maximum UDEC drawdown since its inception was -13.37%, which is greater than TDTF's maximum drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for UDEC and TDTF.
Loading graphics...
Drawdown Indicators
| UDEC | TDTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -12.02% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -2.56% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -10.26% | -12.02% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.02% | — |
Current DrawdownCurrent decline from peak | -3.12% | -0.92% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -2.94% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.69% | +0.45% |
Volatility
UDEC vs. TDTF - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) has a higher volatility of 2.54% compared to FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) at 1.15%. This indicates that UDEC's price experiences larger fluctuations and is considered to be riskier than TDTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| UDEC | TDTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.15% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.15% | 2.11% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.75% | 3.82% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 5.70% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 5.08% | +3.00% |