BAPR vs UDEC
Innovator US Equity Buffer ETF - April vs Innovator US Equity Ultra Buffer ETF - December
Which is better, BAPR or UDEC?
BAPR has been ahead.
BAPR led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BAPR | UDEC |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $418M | $244M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +14.20%Best | +8.52% |
| 1Y Return | +17.24%Best | +12.63% |
| 3Y Return (annualized) | +15.56%Best | +12.90% |
| 5Y Return (annualized) | +11.13%Best | +7.67% |
| Volatility (annualized) | 10.2% | 7.3%Best |
| Max Drawdown | -23.9% | -13.4%Best |
| $10,000 over 5 years | $16,949Best | $14,470 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2019 | Dec 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2019 to Oct 14, 2026 (7.5 years).
BAPR vs UDEC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.5 years both funds cover.
BAPR vs UDEC Performance
Innovator US Equity Buffer ETF - April (BAPR) is an ETF from Innovator ETFs Trust and Innovator US Equity Ultra Buffer ETF - December (UDEC) is an ETF from Innovator ETFs Trust. Over the past year BAPR returned +17.24% while UDEC returned +12.63%. Year to date, BAPR is up 14.20% versus a gain of 8.52% for UDEC.
Over three years, BAPR compounded at +15.56% per year against +12.90% for UDEC; over five years the annualized figures are +11.13% and +7.67% respectively. Across the full 7-year window we track, BAPR has the edge at +10.83% annualized vs +7.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAPR has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 7.3% for UDEC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.9% for BAPR and -13.4% for UDEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
BAPR charges 0.79% per year while UDEC charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BAPR currently yields 0.00% against 0.00% for UDEC.
You are not choosing between two funds in isolation.
Whichever of BAPR and UDEC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BAPR or UDEC?
BAPR has an expense ratio of 0.79% while UDEC charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BAPR or UDEC?
Over the past year BAPR returned +17.24% vs +12.63% for UDEC, so BAPR leads on 1-year performance. Over the longest common window we track (7 years), BAPR annualized +10.83% vs +7.41% for UDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAPR or UDEC?
BAPR has been the more volatile fund at 10.2% annualized versus 7.3% for UDEC. Worst drawdown: BAPR -23.9% vs UDEC -13.4%.
Should I hold both BAPR and UDEC?
BAPR and UDEC have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BAPR or UDEC?
BAPR yields 0.00% while UDEC yields 0.00%, so UDEC currently pays the higher dividend yield.
Is UDEC better than BAPR?
BAPR led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.