BDEC vs ONEZ
Innovator US Equity Buffer ETF - December vs TrueShares Seasonality Laddered Buffered ETF
Which is better, BDEC or ONEZ?
BDEC has been ahead.
BDEC has a lower expense ratio. BDEC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | ONEZ |
|---|---|---|
| Expense Ratio | 0.79%Best | 0.96% |
| AUM | $217M | $356M |
| Dividend Yield | 0.00% | 3.63% |
| Holdings | 18 | 32 |
| YTD Return | +11.06%Best | +7.97% |
| 1Y Return | +15.24%Best | +6.09% |
| 3Y Return (annualized) | +15.68% | - |
| 5Y Return (annualized) | +10.19% | - |
| Volatility (annualized) | 8.9%Best | 9.4% |
| Max Drawdown | -13.9% | -13.2%Best |
| $10,000 over 1.7 years | $12,566Best | $11,314 |
| Fund Family | Innovator ETFs Trust | TrueShares |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 29, 2019 | Jan 27, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 27, 2025 to Oct 14, 2026 (1.7 years).
BDEC vs ONEZ 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 1.7 years both funds cover.
BDEC vs ONEZ Performance
Innovator US Equity Buffer ETF - December (BDEC) is an ETF from Innovator ETFs Trust and TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares. Over the past year BDEC returned +15.24% while ONEZ returned +6.09%. Year to date, BDEC is up 11.06% versus a gain of 7.97% for ONEZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEZ has been the more volatile fund, with annualized monthly volatility of 9.4% compared with 8.9% for BDEC. 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 -13.9% for BDEC and -13.2% for ONEZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 ONEZ charges 0.96%. On a $10,000 position that is $79 vs $96 annually, a gap of $17 per year that compounds over a long holding period. On income, BDEC currently yields 0.00% against 3.63% for ONEZ.
You are not choosing between two funds in isolation.
Whichever of BDEC and ONEZ 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 ONEZ?
BDEC has an expense ratio of 0.79% while ONEZ charges 0.96%. BDEC is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, BDEC or ONEZ?
Over the past year BDEC returned +15.24% vs +6.09% for ONEZ, so BDEC leads on 1-year performance. Over the longest common window we track (2 years), BDEC annualized +14.38% vs +7.53% for ONEZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDEC or ONEZ?
ONEZ has been the more volatile fund at 9.4% annualized versus 8.9% for BDEC. Worst drawdown: BDEC -13.9% vs ONEZ -13.2%.
Should I hold both BDEC and ONEZ?
BDEC and ONEZ have a monthly-return correlation of 0.93, 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 ONEZ?
BDEC yields 0.00% while ONEZ yields 3.63%, so ONEZ currently pays the higher dividend yield.
Is ONEZ better than BDEC?
BDEC has a lower expense ratio. BDEC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.