BDEC vs SMCX

Comparison between Innovator U.S. Equity Buffer ETF - December (BDEC, ETF) and DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX, ETF).

BDEC vs SMCX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BDEC(ETF)	SMCX(ETF)
Net Assets	$265M	$266M
Expense Ratio	0.79%	N/A
Max Drawdown	25.60%	99.06%
Sharpe Ratio	1.65	-0.20
5Y Beta	0.64	4.72

Net Assets

BDEC

$265M

Winner

SMCX

$266M

Expense Ratio

BDEC

0.79%

SMCX

N/A

Max Drawdown

Winner

BDEC

25.60%

SMCX

99.06%

Sharpe Ratio

Winner

BDEC

1.65

SMCX

-0.20

5Y Beta

Winner

BDEC

0.64

SMCX

4.72

BDEC vs SMCX - Historical Returns

Returns include dividend reinvestment.

Period	BDEC	SMCX
1 month	+1.57%	-24.10%
3 months	+9.07%	-54.97%
6 months	+8.18%	-60.71%
1 year	+20.78%	-86.57%
5 years(CAGR)	+10.12%	N/A
Max(CAGR)	+11.44%	-90.30%

Winner

BDEC

+1.57%

SMCX

-24.10%

Winner

BDEC

+9.07%

SMCX

-54.97%

Winner

BDEC

+8.18%

SMCX

-60.71%

Winner

BDEC

+20.78%

SMCX

-86.57%

5Y(CAGR)

BDEC

+10.12%

SMCX

N/A

Max(CAGR)

Winner

BDEC

+11.44%

SMCX

-90.30%

BDEC vs SMCX - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	BDEC	SMCX
2026	+7.59%	-58.55%
2025	+15.13%	-68.89%
2024	+12.85%	-89.57%
2023	+20.26%	N/A
2022	-9.52%	N/A
2021	+16.72%	N/A
2020	+12.85%	N/A
2019	+2.40%	N/A

BDEC vs SMCX Drawdown Comparison

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

The maximum drawdown for SMCX was -99.02%, occurring on Mar 20, 2026. This drawdown has not yet recovered.

The current BDEC drawdown is -0.14%. The current SMCX drawdown is -98.58%.

Rank	BDEC	SMCX
#1	-25.60% Feb 19, 2020 - Aug 6, 2020	-99.02% Aug 23, 2024 - Mar 20, 2026
#2	-16.44% Jan 4, 2022 - Jun 12, 2023	N/A
#3	-13.95% Feb 19, 2025 - Jun 24, 2025	N/A
#4	-9.02% Jul 31, 2023 - Dec 1, 2023	N/A
#5	-6.52% Jan 28, 2026 - Apr 14, 2026	N/A
#6	-4.64% Oct 12, 2020 - Nov 6, 2020	N/A
#7	-4.28% Sep 2, 2020 - Oct 9, 2020	N/A
#8	-4.08% Jul 16, 2024 - Aug 16, 2024	N/A
#9	-3.84% Nov 11, 2025 - Nov 26, 2025	N/A
#10	-2.83% Dec 6, 2024 - Jan 22, 2025	N/A
#11	-2.79% Mar 28, 2024 - May 7, 2024	N/A
#12	-2.61% Jan 20, 2021 - Feb 8, 2021	N/A
#13	-2.46% Jun 2, 2026 - Jun 10, 2026	N/A
#14	-2.43% Feb 24, 2021 - Mar 11, 2021	N/A
#15	-2.24% May 7, 2021 - May 27, 2021	N/A

Correlation

Correlation between BDEC and SMCX is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

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