BDEC vs IVV
Innovator US Equity Buffer ETF - December vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BDEC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $218M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +10.14% | +13.80% | |
| 1Y Return | +19.10% | +23.70% | |
| 3Y Return (annualized) | +14.28% | +21.49% | |
| 5Y Return (annualized) | +10.26% | +13.43% | |
| Volatility (annualized) | 12.0% | 15.1% | |
| Max Drawdown | -25.6% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 29, 2019 | May 15, 2000 |
BDEC vs IVV Performance
Innovator US Equity Buffer ETF - December (BDEC) is a ETF from Innovator ETFs Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BDEC returned +19.10% while IVV returned +23.70%. Year to date, BDEC is up 10.14% versus a gain of 13.80% for IVV.
Over three years, BDEC compounded at +14.28% per year against +21.49% for IVV; over five years the annualized figures are +10.26% and +13.43% respectively. Across the full 7-year window we track, BDEC has the edge at +11.56% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.0% for BDEC. 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 -25.6% for BDEC and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BDEC charges 0.79% per year while IVV charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, BDEC currently yields 0.00% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, BDEC or IVV?
BDEC has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, BDEC or IVV?
Over the past year BDEC returned +19.10% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), BDEC annualized +11.56% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, BDEC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.0% for BDEC. Worst drawdown: BDEC -25.6% vs IVV -56.5%.
Should I hold both BDEC and IVV?
BDEC and IVV have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, BDEC or IVV?
BDEC yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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