BDEC vs PBE

Comparison between Innovator U.S. Equity Buffer ETF - December (BDEC, ETF) and INVESCO BIOTECHNOLOGY & GENOME ETF (PBE, ETF).

5-Year PerformanceBDEC has outperformed PBE, delivering a return of +9.9% compared to +3.3%

BDEC vs PBE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BDEC(ETF)	PBE(ETF)
Net Assets	$248M	$247M
Expense Ratio	0.79%	0.58%
Max Drawdown	25.60%	45.69%
Sharpe Ratio	1.69	1.34
5Y Beta	0.64	0.76
P/E Ratio	N/A	34.32
Forward P/E	N/A	18.77
5Y Dividends CAGR	N/A	98.81%
5Y EPS CAGR	N/A	13.01%
Debt to Equity	N/A	55.71%
P/S Ratio	N/A	4.97
P/B Ratio	N/A	4.45

Net Assets

Winner

BDEC

$248M

PBE

$247M

Expense Ratio

BDEC

0.79%

Winner

PBE

0.58%

Max Drawdown

Winner

BDEC

25.60%

PBE

45.69%

Sharpe Ratio

Winner

BDEC

1.69

PBE

1.34

5Y Beta

Winner

BDEC

0.64

PBE

0.76

P/E Ratio

BDEC

N/A

PBE

34.32

Forward P/E

BDEC

N/A

PBE

18.77

5Y Dividends CAGR

BDEC

N/A

PBE

98.81%

5Y EPS CAGR

BDEC

N/A

PBE

13.01%

Debt to Equity

BDEC

N/A

PBE

55.71%

P/S Ratio

BDEC

N/A

PBE

4.97

P/B Ratio

BDEC

N/A

PBE

4.45

BDEC vs PBE - Historical Returns

Returns include dividend reinvestment.

Period	BDEC	PBE
1 month	+1.39%	+3.45%
3 months	+6.20%	+6.06%
6 months	+6.24%	+2.77%
1 year	+20.42%	+31.27%
5 years(CAGR)	+9.88%	+3.29%
10 years(CAGR)	N/A	+7.50%
Max(CAGR)	+11.25%	+8.87%

BDEC

+1.39%

Winner

PBE

+3.45%

Winner

BDEC

+6.20%

PBE

+6.06%

Winner

BDEC

+6.24%

PBE

+2.77%

BDEC

+20.42%

Winner

PBE

+31.27%

5Y(CAGR)

Winner

BDEC

+9.88%

PBE

+3.29%

10Y(CAGR)

BDEC

N/A

PBE

+7.50%

Max(CAGR)

Winner

BDEC

+11.25%

PBE

+8.87%

BDEC vs PBE - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	BDEC	PBE
2026	+6.13%	+1.48%
2025	+15.13%	+23.76%
2024	+12.85%	-0.05%
2023	+20.26%	+4.60%
2022	-9.52%	-11.11%
2021	+16.72%	+1.21%
2020	+12.85%	+25.68%
2019	+2.40%	+18.35%
2018	N/A	-2.62%
2017	N/A	+20.54%
2016	N/A	-20.66%
2015	N/A	+1.36%
2014	N/A	+36.45%
2013	N/A	+57.53%
2012	N/A	+13.17%
2011	N/A	-7.24%
2010	N/A	+29.99%
2009	N/A	+19.16%
2008	N/A	-25.84%
2007	N/A	+6.24%
2006	N/A	+0.45%
2005	N/A	+17.45%

BDEC vs PBE Drawdown Comparison

The maximum drawdown for BDEC was -25.60%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The maximum drawdown for PBE was -45.69%, occurring on Mar 9, 2009. Recovery took 644 trading sessions.

The current BDEC drawdown is -1.50%. The current PBE drawdown is -2.53%.

Rank	BDEC	PBE
#1	-25.60% Feb 19, 2020 - Aug 6, 2020	-45.69% Oct 15, 2007 - May 6, 2010
#2	-16.44% Jan 4, 2022 - Jun 12, 2023	-44.56% Jul 17, 2015 - Jul 20, 2020
#3	-13.95% Feb 19, 2025 - Jun 24, 2025	-37.84% Feb 8, 2021 - Nov 26, 2025
#4	-9.02% Jul 31, 2023 - Dec 1, 2023	-35.71% May 6, 2010 - Apr 2, 2013
#5	-6.52% Jan 28, 2026 - Apr 14, 2026	-21.12% Feb 27, 2006 - Apr 23, 2007
#6	-4.64% Oct 12, 2020 - Nov 6, 2020	-18.86% Feb 24, 2014 - Aug 25, 2014
#7	-4.28% Sep 2, 2020 - Oct 9, 2020	-14.38% Jul 20, 2020 - Nov 27, 2020
#8	-4.08% Jul 16, 2024 - Aug 16, 2024	-11.73% Jan 7, 2026 - Mar 27, 2026
#9	-3.84% Nov 11, 2025 - Nov 26, 2025	-10.65% Mar 19, 2015 - Jun 18, 2015
#10	-2.83% Dec 6, 2024 - Jan 22, 2025	-10.08% Sep 12, 2005 - Nov 17, 2005
#11	-2.79% Mar 28, 2024 - May 7, 2024	-9.07% Apr 25, 2007 - Sep 26, 2007
#12	-2.61% Jan 20, 2021 - Feb 8, 2021	-8.60% Aug 29, 2014 - Oct 23, 2014
#13	-2.43% Feb 24, 2021 - Mar 11, 2021	-7.84% May 28, 2013 - Jul 5, 2013
#14	-2.24% May 7, 2021 - May 27, 2021	-7.21% Nov 29, 2013 - Jan 7, 2014
#15	-2.17% Oct 8, 2025 - Oct 21, 2025	-6.59% Oct 2, 2013 - Oct 24, 2013