BSEP vs PDEC
Innovator U.S. Equity Buffer ETF - September vs Innovator US Equity Power Buffer ETF - December
Which is better, BSEP or PDEC?
BSEP has been ahead.
BSEP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | BSEP | PDEC |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $470M | $996M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 1,520 | 18 |
| YTD Return | +10.32%Best | +9.31% |
| 1Y Return | +13.43%Best | +13.15% |
| 3Y Return (annualized) | +16.86%Best | +13.00% |
| 5Y Return (annualized) | +11.29%Best | +8.90% |
| Volatility (annualized) | 11.8% | 8.9%Best |
| Max Drawdown | -24.0% | -19.3%Best |
| $10,000 over 5 years | $17,072Best | $15,316 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | 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).
BSEP 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.
BSEP vs PDEC Performance
Innovator U.S. Equity Buffer ETF - September (BSEP) 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 BSEP returned +13.43% while PDEC returned +13.15%. Year to date, BSEP is up 10.32% versus a gain of 9.31% for PDEC.
Over three years, BSEP compounded at +16.86% per year against +13.00% for PDEC; over five years the annualized figures are +11.29% and +8.90% respectively. Across the full 7-year window we track, BSEP has the edge at +11.74% annualized vs +8.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BSEP has been the more volatile fund, with annualized monthly volatility of 11.8% 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 -24.0% for BSEP 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSEP charges 0.79% per year while PDEC charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BSEP currently yields 0.00% against 0.00% for PDEC.
You are not choosing between two funds in isolation.
Whichever of BSEP 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, BSEP or PDEC?
BSEP 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, BSEP or PDEC?
Over the past year BSEP returned +13.43% vs +13.15% for PDEC, so BSEP leads on 1-year performance. Over the longest common window we track (7 years), BSEP annualized +11.74% vs +8.95% for PDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSEP or PDEC?
BSEP has been the more volatile fund at 11.8% annualized versus 8.9% for PDEC. Worst drawdown: BSEP -24.0% vs PDEC -19.3%.
Should I hold both BSEP and PDEC?
BSEP and PDEC have a monthly-return correlation of 0.96, 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, BSEP or PDEC?
BSEP yields 0.00% while PDEC yields 0.00%, so PDEC currently pays the higher dividend yield.
Is PDEC better than BSEP?
BSEP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.