BSEP vs WDTE
Innovator U.S. Equity Buffer ETF - September vs Defiance S&P 500 Weekly Distribution ETF
Which is better, BSEP or WDTE?
Each has led over a different period.
BSEP has a lower expense ratio. BSEP led over 3Y and the full window, WDTE over 1Y. The two have moved almost in lockstep, correlation 0.92.
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 | WDTE |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.03% |
| AUM | $470M | $73M |
| Dividend Yield | 0.00% | 32.78% |
| Holdings | 1,520 | 10 |
| YTD Return | +10.32% | +13.58%Best |
| 1Y Return | +13.43% | +16.98%Best |
| 3Y Return (annualized) | +16.86%Best | +14.59% |
| 5Y Return (annualized) | +11.29% | - |
| Volatility (annualized) | 8.1%Best | 10.2% |
| Max Drawdown | -13.4%Best | -15.8% |
| $10,000 over 3.1 years | $15,821Best | $15,076 |
| Fund Family | Innovator ETFs Trust | Defiance ETFs, LLC |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Sep 18, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 19, 2023 to Oct 14, 2026 (3.1 years).
BSEP vs WDTE 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 3.1 years both funds cover.
BSEP vs WDTE Performance
Innovator U.S. Equity Buffer ETF - September (BSEP) is an ETF from Innovator ETFs Trust and Defiance S&P 500 Weekly Distribution ETF (WDTE) is an ETF from Defiance ETFs, LLC. Over the past year BSEP returned +13.43% while WDTE returned +16.98%. Year to date, BSEP is up 10.32% versus a gain of 13.58% for WDTE.
Over three years, BSEP compounded at +16.86% per year against +14.59% for WDTE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WDTE has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 8.1% for BSEP. 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 -13.4% for BSEP and -15.8% for WDTE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 WDTE charges 1.03%. On a $10,000 position that is $79 vs $103 annually, a gap of $24 per year that compounds over a long holding period. On income, BSEP currently yields 0.00% against 32.78% for WDTE.
Holdings Overlap
We hold position weights for 494 holdings in BSEP and 1 in WDTE, totalling 98.2% and 7.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in BSEP and 1 in WDTE, against full books of 1,520 and 10.
You are not choosing between two funds in isolation.
Whichever of BSEP and WDTE 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 WDTE?
BSEP has an expense ratio of 0.79% while WDTE charges 1.03%. BSEP is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, BSEP or WDTE?
Over the past year BSEP returned +13.43% vs +16.98% for WDTE, so WDTE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSEP or WDTE?
WDTE has been the more volatile fund at 10.2% annualized versus 8.1% for BSEP. Worst drawdown: BSEP -13.4% vs WDTE -15.8%.
Should I hold both BSEP and WDTE?
BSEP and WDTE have a monthly-return correlation of 0.92, 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 WDTE?
BSEP yields 0.00% while WDTE yields 32.78%, so WDTE currently pays the higher dividend yield.
Is WDTE better than BSEP?
BSEP has a lower expense ratio. BSEP led over 3Y and the full window, WDTE over 1Y. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.