BDEC vs SPY
Comparison between Innovator U.S. Equity Buffer ETF - December (BDEC, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BDEC, delivering a return of +13.3% compared to +9.9%
BDEC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BDEC vs SPY - Historical Returns
Returns include dividend reinvestment.
BDEC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BDEC | SPY |
|---|---|---|
| 2026 | +6.13% | +8.26% |
| 2025 | +15.13% | +18.00% |
| 2024 | +12.85% | +25.59% |
| 2023 | +20.26% | +26.72% |
| 2022 | -9.52% | -18.64% |
| 2021 | +16.72% | +30.52% |
| 2020 | +12.85% | +17.28% |
| 2019 | +2.40% | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BDEC vs SPY Drawdown Comparison
The maximum drawdown for BDEC was -25.60%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BDEC drawdown is -1.50%. The current SPY drawdown is -2.90%.
| Rank | BDEC | SPY |
|---|---|---|
| #1 | -25.60% Feb 19, 2020 - Aug 6, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -16.44% Jan 4, 2022 - Jun 12, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -13.95% Feb 19, 2025 - Jun 24, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -9.02% Jul 31, 2023 - Dec 1, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -6.52% Jan 28, 2026 - Apr 14, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.64% Oct 12, 2020 - Nov 6, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.28% Sep 2, 2020 - Oct 9, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.08% Jul 16, 2024 - Aug 16, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.84% Nov 11, 2025 - Nov 26, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.83% Dec 6, 2024 - Jan 22, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.79% Mar 28, 2024 - May 7, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.61% Jan 20, 2021 - Feb 8, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.43% Feb 24, 2021 - Mar 11, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.24% May 7, 2021 - May 27, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.17% Oct 8, 2025 - Oct 21, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BDEC and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
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