FIAT vs PDEC
YieldMax Short COIN Option Income Strategy ETF vs Innovator US Equity Power Buffer ETF - December
Which is better, FIAT or PDEC?
Each has led over a different period.
PDEC has a lower expense ratio. FIAT led over 1Y, PDEC over the full window.
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 | FIAT | PDEC |
|---|---|---|
| Expense Ratio | 1.05% | 0.79%Best |
| AUM | $30M | $996M |
| Dividend Yield | 122.18% | 0.00% |
| Holdings | 15 | 18 |
| YTD Return | +4.11% | +9.31%Best |
| 1Y Return | +35.51%Best | +13.15% |
| 3Y Return (annualized) | - | +13.00% |
| 5Y Return (annualized) | - | +8.90% |
| Volatility (annualized) | 55.0% | 6.0%Best |
| Max Drawdown | -70.5% | -10.8%Best |
| $10,000 over 2.3 years | $5,438 | $12,613Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 9, 2024 | Dec 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 10, 2024 to Oct 14, 2026 (2.3 years).
FIAT 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 2.3 years both funds cover.
FIAT vs PDEC Performance
YieldMax Short COIN Option Income Strategy ETF (FIAT) is an ETF from YieldMax ETF and Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust. Over the past year FIAT returned +35.51% while PDEC returned +13.15%. Year to date, FIAT is up 4.11% versus a gain of 9.31% for PDEC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 55.0% compared with 6.0% 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 -70.5% for FIAT and -10.8% 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 -0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FIAT charges 1.05% per year while PDEC charges 0.79%. On a $10,000 position that is $105 vs $79 annually, a gap of $26 per year that compounds over a long holding period. On income, FIAT currently yields 122.18% against 0.00% for PDEC.
You are not choosing between two funds in isolation.
Whichever of FIAT 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, FIAT or PDEC?
FIAT has an expense ratio of 1.05% while PDEC charges 0.79%. PDEC is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, FIAT or PDEC?
Over the past year FIAT returned +35.51% vs +13.15% for PDEC, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -23.27% vs +10.62% for PDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FIAT or PDEC?
FIAT has been the more volatile fund at 55.0% annualized versus 6.0% for PDEC. Worst drawdown: FIAT -70.5% vs PDEC -10.8%.
Should I hold both FIAT and PDEC?
FIAT and PDEC have a monthly-return correlation of -0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FIAT or PDEC?
FIAT yields 122.18% while PDEC yields 0.00%, so FIAT currently pays the higher dividend yield.
Is PDEC better than FIAT?
PDEC has a lower expense ratio. FIAT led over 1Y, PDEC over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.