PDEC vs XBAP
Innovator US Equity Power Buffer ETF - December vs Innovator US Equity Accelerated 9 Buffer ETF - April
Which is better, PDEC or XBAP?
XBAP has been ahead.
XBAP led over 1Y, 3Y, 5Y and 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 | PDEC | XBAP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $996M | $129M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 27 |
| YTD Return | +9.50% | +11.62%Best |
| 1Y Return | +13.12% | +14.12%Best |
| 3Y Return (annualized) | +13.06% | +13.89%Best |
| 5Y Return (annualized) | +8.94% | +9.89%Best |
| Volatility (annualized) | 8.3%Best | 8.5% |
| Max Drawdown | -11.5%Best | -14.6% |
| $10,000 over 5 years | $15,344 | $16,025Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 1, 2019 | Mar 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Oct 15, 2026 (5.5 years).
PDEC vs XBAP 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 5.5 years both funds cover.
PDEC vs XBAP Performance
Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust and Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP) is an ETF from Innovator ETFs Trust. Over the past year PDEC returned +13.12% while XBAP returned +14.12%. Year to date, PDEC is up 9.50% versus a gain of 11.62% for XBAP.
Over three years, PDEC compounded at +13.06% per year against +13.89% for XBAP; over five years the annualized figures are +8.94% and +9.89% respectively. Across the full 6-year window we track, XBAP has the edge at +9.94% annualized vs +8.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XBAP has been the more volatile fund, with annualized monthly volatility of 8.5% compared with 8.3% 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 -11.5% for PDEC and -14.6% for XBAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDEC charges 0.79% per year while XBAP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PDEC currently yields 0.00% against 0.00% for XBAP.
You are not choosing between two funds in isolation.
Whichever of PDEC and XBAP 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, PDEC or XBAP?
PDEC has an expense ratio of 0.79% while XBAP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PDEC or XBAP?
Over the past year PDEC returned +13.12% vs +14.12% for XBAP, so XBAP leads on 1-year performance. Over the longest common window we track (6 years), PDEC annualized +8.81% vs +9.94% for XBAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDEC or XBAP?
XBAP has been the more volatile fund at 8.5% annualized versus 8.3% for PDEC. Worst drawdown: PDEC -11.5% vs XBAP -14.6%.
Should I hold both PDEC and XBAP?
PDEC and XBAP have a monthly-return correlation of 0.86, 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, PDEC or XBAP?
PDEC yields 0.00% while XBAP yields 0.00%, so XBAP currently pays the higher dividend yield.
Is XBAP better than PDEC?
XBAP led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.