PDEC vs UOCT
Innovator US Equity Power Buffer ETF - December vs Innovator US Equity Ultra Buffer ETF - October
Which is better, PDEC or UOCT?
PDEC has been ahead.
PDEC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | PDEC | UOCT |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $996M | $200M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +9.31%Best | +9.03% |
| 1Y Return | +13.15%Best | +11.19% |
| 3Y Return (annualized) | +13.00%Best | +11.39% |
| 5Y Return (annualized) | +8.90%Best | +8.71% |
| Volatility (annualized) | 8.9% | 6.4%Best |
| Max Drawdown | -19.3% | -13.7%Best |
| $10,000 over 5 years | $15,316Best | $15,183 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 1, 2019 | Sep 28, 2018 |
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 14, 2026 (6.9 years).
PDEC vs UOCT 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.
PDEC vs UOCT Performance
Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust and Innovator US Equity Ultra Buffer ETF - October (UOCT) is an ETF from Innovator ETFs Trust. Over the past year PDEC returned +13.15% while UOCT returned +11.19%. Year to date, PDEC is up 9.31% versus a gain of 9.03% for UOCT.
Over three years, PDEC compounded at +13.00% per year against +11.39% for UOCT; over five years the annualized figures are +8.90% and +8.71% respectively. Across the full 7-year window we track, PDEC has the edge at +8.95% annualized vs +8.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDEC has been the more volatile fund, with annualized monthly volatility of 8.9% compared with 6.4% for UOCT. 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 -19.3% for PDEC and -13.7% for UOCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PDEC charges 0.79% per year while UOCT charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PDEC currently yields 0.00% against 0.00% for UOCT.
You are not choosing between two funds in isolation.
Whichever of PDEC and UOCT 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, PDEC or UOCT?
PDEC has an expense ratio of 0.79% while UOCT charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PDEC or UOCT?
Over the past year PDEC returned +13.15% vs +11.19% for UOCT, so PDEC leads on 1-year performance. Over the longest common window we track (7 years), PDEC annualized +8.95% vs +8.27% for UOCT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDEC or UOCT?
PDEC has been the more volatile fund at 8.9% annualized versus 6.4% for UOCT. Worst drawdown: PDEC -19.3% vs UOCT -13.7%.
Should I hold both PDEC and UOCT?
PDEC and UOCT have a monthly-return correlation of 0.92, 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, PDEC or UOCT?
PDEC yields 0.00% while UOCT yields 0.00%, so UOCT currently pays the higher dividend yield.
Is UOCT better than PDEC?
PDEC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.