BDEC vs PSEP
Innovator US Equity Buffer ETF - December vs Innovator U.S. Equity Power Buffer ETF - September
Which is better, BDEC or PSEP?
BDEC has been ahead.
BDEC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | BDEC | PSEP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $217M | $1.2B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 12 |
| YTD Return | +11.42%Best | +7.94% |
| 1Y Return | +15.33%Best | +10.31% |
| 3Y Return (annualized) | +15.79%Best | +12.85% |
| 5Y Return (annualized) | +10.24%Best | +9.75% |
| Volatility (annualized) | 11.8% | 8.5%Best |
| Max Drawdown | -25.6% | -17.9%Best |
| $10,000 over 5 years | $16,282Best | $15,923 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 29, 2019 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2019 to Oct 15, 2026 (6.9 years).
BDEC vs PSEP 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 6.9 years both funds cover.
BDEC vs PSEP Performance
Innovator US Equity Buffer ETF - December (BDEC) is an ETF from Innovator ETFs Trust and Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust. Over the past year BDEC returned +15.33% while PSEP returned +10.31%. Year to date, BDEC is up 11.42% versus a gain of 7.94% for PSEP.
Over three years, BDEC compounded at +15.79% per year against +12.85% for PSEP; over five years the annualized figures are +10.24% and +9.75% respectively. Across the full 7-year window we track, BDEC has the edge at +11.42% annualized vs +9.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDEC has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 8.5% 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 -25.6% for BDEC and -17.9% for PSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 PSEP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BDEC currently yields 0.00% against 0.00% for PSEP.
You are not choosing between two funds in isolation.
Whichever of BDEC and PSEP 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, BDEC or PSEP?
BDEC has an expense ratio of 0.79% while PSEP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BDEC or PSEP?
Over the past year BDEC returned +15.33% vs +10.31% for PSEP, so BDEC leads on 1-year performance. Over the longest common window we track (7 years), BDEC annualized +11.42% vs +9.41% for PSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDEC or PSEP?
BDEC has been the more volatile fund at 11.8% annualized versus 8.5% for PSEP. Worst drawdown: BDEC -25.6% vs PSEP -17.9%.
Should I hold both BDEC and PSEP?
BDEC and PSEP have a monthly-return correlation of 0.97, 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, BDEC or PSEP?
BDEC yields 0.00% while PSEP yields 0.00%, so PSEP currently pays the higher dividend yield.
Is PSEP better than BDEC?
BDEC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.