NDEC vs SPY
Innovator Growth-100 Power Buffer ETF - December vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NDEC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $62M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +9.42% | +13.75% | |
| 1Y Return | +14.71% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 9.0% | 15.3% | |
| Max Drawdown | -13.0% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 29, 2024 | Jan 22, 1993 |
NDEC vs SPY Performance
Innovator Growth-100 Power Buffer ETF - December (NDEC) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NDEC returned +14.71% while SPY returned +22.91%. Year to date, NDEC is up 9.42% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.0% for NDEC. 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 -13.0% for NDEC and -56.5% for SPY. 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
NDEC charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, NDEC currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, NDEC or SPY?
NDEC has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, NDEC or SPY?
Over the past year NDEC returned +14.71% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NDEC annualized +13.65% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, NDEC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.0% for NDEC. Worst drawdown: NDEC -13.0% vs SPY -56.5%.
Should I hold both NDEC and SPY?
NDEC and SPY 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, NDEC or SPY?
NDEC yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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