IDEC vs INOV
Innovator International Developed Power Buffer ETF - December vs Innovator International Developed Power Buffer ETF - November
Which is better, IDEC or INOV?
Each has led over a different period.
IDEC led over 1Y, INOV over the full window. The two have moved almost in lockstep, correlation 0.94.
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 | IDEC | INOV |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $40M | $36M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 12 |
| YTD Return | +5.37%Best | +5.04% |
| 1Y Return | +9.95%Best | +8.95% |
| 3Y Return (annualized) | - | +13.42% |
| Volatility (annualized) | 7.1% | 6.4%Best |
| Max Drawdown | -8.5% | -8.0%Best |
| $10,000 over 2.9 years | $13,637 | $13,823Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 1, 2023 | Nov 1, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 1, 2023 to Oct 14, 2026 (2.9 years).
IDEC vs INOV 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 2.9 years both funds cover.
IDEC vs INOV Performance
Innovator International Developed Power Buffer ETF - December (IDEC) is an ETF from Innovator ETFs Trust and Innovator International Developed Power Buffer ETF - November (INOV) is an ETF from Innovator ETFs Trust. Over the past year IDEC returned +9.95% while INOV returned +8.95%. Year to date, IDEC is up 5.37% versus a gain of 5.04% for INOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IDEC has been the more volatile fund, with annualized monthly volatility of 7.1% compared with 6.4% for INOV. 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 -8.5% for IDEC and -8.0% for INOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IDEC charges 0.85% per year while INOV charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, IDEC currently yields 0.00% against 0.00% for INOV.
You are not choosing between two funds in isolation.
Whichever of IDEC and INOV 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, IDEC or INOV?
IDEC has an expense ratio of 0.85% while INOV charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, IDEC or INOV?
Over the past year IDEC returned +9.95% vs +8.95% for INOV, so IDEC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IDEC or INOV?
IDEC has been the more volatile fund at 7.1% annualized versus 6.4% for INOV. Worst drawdown: IDEC -8.5% vs INOV -8.0%.
Should I hold both IDEC and INOV?
IDEC and INOV have a monthly-return correlation of 0.94, 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, IDEC or INOV?
IDEC yields 0.00% while INOV yields 0.00%, so INOV currently pays the higher dividend yield.
Is INOV better than IDEC?
IDEC led over 1Y, INOV over the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.