BDEC vs BSEP
Innovator US Equity Buffer ETF - December vs Innovator U.S. Equity Buffer ETF - September
Which is better, BDEC or BSEP?
Each has led over a different period.
BDEC led over 1Y, BSEP over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | BDEC | BSEP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $217M | $470M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 1,520 |
| YTD Return | +11.06%Best | +10.32% |
| 1Y Return | +15.24%Best | +13.43% |
| 3Y Return (annualized) | +15.68% | +16.86%Best |
| 5Y Return (annualized) | +10.19% | +11.29%Best |
| Volatility (annualized) | 11.8%Tie | 11.8%Tie |
| Max Drawdown | -25.6% | -24.0%Best |
| $10,000 over 5 years | $16,245 | $17,072Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 29, 2019 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2019 to Oct 14, 2026 (6.9 years).
BDEC vs BSEP 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 6.9 years both funds cover.
BDEC vs BSEP Performance
Innovator US Equity Buffer ETF - December (BDEC) is an ETF from Innovator ETFs Trust and Innovator U.S. Equity Buffer ETF - September (BSEP) is an ETF from Innovator ETFs Trust. Over the past year BDEC returned +15.24% while BSEP returned +13.43%. Year to date, BDEC is up 11.06% versus a gain of 10.32% for BSEP.
Over three years, BDEC compounded at +15.68% per year against +16.86% for BSEP; over five years the annualized figures are +10.19% and +11.29% respectively. Across the full 7-year window we track, BSEP has the edge at +11.74% annualized vs +11.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDEC and BSEP have been equally volatile, both at 11.8% annualized.
The deepest peak-to-trough decline in our data was -25.6% for BDEC and -24.0% for BSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BDEC charges 0.79% per year while BSEP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BDEC currently yields 0.00% against 0.00% for BSEP.
You are not choosing between two funds in isolation.
Whichever of BDEC and BSEP 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, BDEC or BSEP?
BDEC has an expense ratio of 0.79% while BSEP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BDEC or BSEP?
Over the past year BDEC returned +15.24% vs +13.43% for BSEP, so BDEC leads on 1-year performance. Over the longest common window we track (7 years), BDEC annualized +11.37% vs +11.74% for BSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDEC or BSEP?
BDEC and BSEP have been equally volatile, both at 11.8% annualized. Worst drawdown: BDEC -25.6% vs BSEP -24.0%.
Should I hold both BDEC and BSEP?
BDEC and BSEP have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BDEC or BSEP?
BDEC yields 0.00% while BSEP yields 0.00%, so BSEP currently pays the higher dividend yield.
Is BSEP better than BDEC?
BDEC led over 1Y, BSEP over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.