PSEP vs WDTE
Innovator U.S. Equity Power Buffer ETF - September vs Defiance S&P 500 Weekly Distribution ETF
Which is better, PSEP or WDTE?
WDTE has been ahead.
PSEP has a lower expense ratio. WDTE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | PSEP | WDTE |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.03% |
| AUM | $1.2B | $73M |
| Dividend Yield | 0.00% | 32.78% |
| Holdings | 12 | 10 |
| YTD Return | +7.66% | +13.58%Best |
| 1Y Return | +10.18% | +16.98%Best |
| 3Y Return (annualized) | +12.76% | +14.59%Best |
| 5Y Return (annualized) | +9.76% | - |
| Volatility (annualized) | 6.0%Best | 10.2% |
| Max Drawdown | -9.9%Best | -15.8% |
| $10,000 over 3.1 years | $14,288 | $15,076Best |
| 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).
PSEP 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.
PSEP vs WDTE Performance
Innovator U.S. Equity Power Buffer ETF - September (PSEP) 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 PSEP returned +10.18% while WDTE returned +16.98%. Year to date, PSEP is up 7.66% versus a gain of 13.58% for WDTE.
Over three years, PSEP compounded at +12.76% 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 6.0% for PSEP. 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 -9.9% for PSEP 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PSEP 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, PSEP currently yields 0.00% against 32.78% for WDTE.
Holdings Overlap
We hold position weights for 494 holdings in PSEP and 1 in WDTE, totalling 98.1% 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 PSEP and 1 in WDTE, against full books of 12 and 10.
You are not choosing between two funds in isolation.
Whichever of PSEP 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, PSEP or WDTE?
PSEP has an expense ratio of 0.79% while WDTE charges 1.03%. PSEP is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, PSEP or WDTE?
Over the past year PSEP returned +10.18% 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, PSEP or WDTE?
WDTE has been the more volatile fund at 10.2% annualized versus 6.0% for PSEP. Worst drawdown: PSEP -9.9% vs WDTE -15.8%.
Should I hold both PSEP and WDTE?
PSEP and WDTE have a monthly-return correlation of 0.91, 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, PSEP or WDTE?
PSEP yields 0.00% while WDTE yields 32.78%, so WDTE currently pays the higher dividend yield.
Is WDTE better than PSEP?
PSEP has a lower expense ratio. WDTE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.