OARK vs PDEC
YieldMax Innovation Option Income Strategy ETF vs Innovator US Equity Power Buffer ETF - December
Which is better, OARK or PDEC?
Each has led over a different period.
PDEC has a lower expense ratio. OARK led over 3Y and the full window, PDEC over 1Y.
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 | OARK | PDEC |
|---|---|---|
| Expense Ratio | 1.00% | 0.79%Best |
| AUM | $32M | $990M |
| Dividend Yield | 60.05% | 0.00% |
| Holdings | 28 | 18 |
| YTD Return | +9.78%Best | +9.75% |
| 1Y Return | +2.22% | +13.43%Best |
| 3Y Return (annualized) | +19.31%Best | +13.17% |
| 5Y Return (annualized) | - | +9.07% |
| Volatility (annualized) | 29.1% | 7.8%Best |
| Max Drawdown | -35.5% | -10.8%Best |
| $10,000 over 3.9 years | $15,869Best | $15,509 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 22, 2022 | Dec 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 23, 2022 to Oct 13, 2026 (3.9 years).
OARK vs PDEC 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 3.9 years both funds cover.
OARK vs PDEC Performance
YieldMax Innovation Option Income Strategy ETF (OARK) is an ETF from YieldMax ETF and Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust. Over the past year OARK returned +2.22% while PDEC returned +13.43%. Year to date, OARK is up 9.78% versus a gain of 9.75% for PDEC.
Over three years, OARK compounded at +19.31% per year against +13.17% for PDEC. Across the full 4-year window we track, OARK has the edge at +12.57% annualized vs +11.91%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OARK has been the more volatile fund, with annualized monthly volatility of 29.1% compared with 7.8% 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 -35.5% for OARK and -10.8% for PDEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OARK charges 1.00% per year while PDEC charges 0.79%. On a $10,000 position that is $100 vs $79 annually, a gap of $21 per year that compounds over a long holding period. On income, OARK currently yields 60.05% against 0.00% for PDEC.
You are not choosing between two funds in isolation.
Whichever of OARK and PDEC 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, OARK or PDEC?
OARK has an expense ratio of 1.00% while PDEC charges 0.79%. PDEC is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, OARK or PDEC?
Over the past year OARK returned +2.22% vs +13.43% for PDEC, so PDEC leads on 1-year performance. Over the longest common window we track (4 years), OARK annualized +12.57% vs +11.91% for PDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OARK or PDEC?
OARK has been the more volatile fund at 29.1% annualized versus 7.8% for PDEC. Worst drawdown: OARK -35.5% vs PDEC -10.8%.
Should I hold both OARK and PDEC?
OARK and PDEC have a monthly-return correlation of 0.64, 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, OARK or PDEC?
OARK yields 60.05% while PDEC yields 0.00%, so OARK currently pays the higher dividend yield.
Is PDEC better than OARK?
PDEC has a lower expense ratio. OARK led over 3Y and the full window, PDEC over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.