BJAN vs PDEC
Innovator US Equity Buffer ETF - January vs Innovator US Equity Power Buffer ETF - December
Which is better, BJAN or PDEC?
BJAN has been ahead.
BJAN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | BJAN | PDEC |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $351M | $996M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +10.65%Best | +9.31% |
| 1Y Return | +15.29%Best | +13.15% |
| 3Y Return (annualized) | +17.60%Best | +13.00% |
| 5Y Return (annualized) | +10.73%Best | +8.90% |
| Volatility (annualized) | 12.0% | 8.9%Best |
| Max Drawdown | -26.9% | -19.3%Best |
| $10,000 over 5 years | $16,647Best | $15,316 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 31, 2018 | Dec 1, 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).
BJAN vs PDEC 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.
BJAN vs PDEC Performance
Innovator US Equity Buffer ETF - January (BJAN) is an ETF from Innovator ETFs Trust and Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust. Over the past year BJAN returned +15.29% while PDEC returned +13.15%. Year to date, BJAN is up 10.65% versus a gain of 9.31% for PDEC.
Over three years, BJAN compounded at +17.60% per year against +13.00% for PDEC; over five years the annualized figures are +10.73% and +8.90% respectively. Across the full 7-year window we track, BJAN has the edge at +11.54% annualized vs +8.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BJAN has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 8.9% for PDEC. 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 -26.9% for BJAN and -19.3% for PDEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BJAN charges 0.79% per year while PDEC charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BJAN currently yields 0.00% against 0.00% for PDEC.
You are not choosing between two funds in isolation.
Whichever of BJAN and PDEC 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, BJAN or PDEC?
BJAN has an expense ratio of 0.79% while PDEC charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BJAN or PDEC?
Over the past year BJAN returned +15.29% vs +13.15% for PDEC, so BJAN leads on 1-year performance. Over the longest common window we track (7 years), BJAN annualized +11.54% vs +8.95% for PDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BJAN or PDEC?
BJAN has been the more volatile fund at 12.0% annualized versus 8.9% for PDEC. Worst drawdown: BJAN -26.9% vs PDEC -19.3%.
Should I hold both BJAN and PDEC?
BJAN and PDEC have a monthly-return correlation of 0.97, 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, BJAN or PDEC?
BJAN yields 0.00% while PDEC yields 0.00%, so PDEC currently pays the higher dividend yield.
Is PDEC better than BJAN?
BJAN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.