BDEC vs UWM

Comparison between Innovator U.S. Equity Buffer ETF - December (BDEC, ETF) and PROSHARES ULTRA RUSSELL2000 (UWM, ETF).

5-Year PerformanceBDEC has outperformed UWM, delivering a return of +9.9% compared to +0.8%

BDEC vs UWM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BDEC(ETF)	UWM(ETF)
Net Assets	$248M	$248M
Expense Ratio	0.79%	N/A
Max Drawdown	25.60%	88.54%
Sharpe Ratio	1.69	1.48
5Y Beta	0.64	2.20
P/E Ratio	N/A	806.71
Forward P/E	N/A	14.22
5Y Dividends CAGR	N/A	80.23%
Debt to Equity	N/A	32.36%
P/S Ratio	N/A	1.38
P/B Ratio	N/A	2.12

Net Assets

BDEC

$248M

UWM

$248M

Expense Ratio

BDEC

0.79%

UWM

N/A

Max Drawdown

Winner

BDEC

25.60%

UWM

88.54%

Sharpe Ratio

Winner

BDEC

1.69

UWM

1.48

5Y Beta

Winner

BDEC

0.64

UWM

2.20

P/E Ratio

BDEC

N/A

UWM

806.71

Forward P/E

BDEC

N/A

UWM

14.22

5Y Dividends CAGR

BDEC

N/A

UWM

80.23%

Debt to Equity

BDEC

N/A

UWM

32.36%

P/S Ratio

BDEC

N/A

UWM

1.38

P/B Ratio

BDEC

N/A

UWM

2.12

BDEC vs UWM - Historical Returns

Returns include dividend reinvestment.

Period	BDEC	UWM
1 month	+1.39%	-1.56%
3 months	+6.20%	+17.76%
6 months	+6.24%	+22.03%
1 year	+20.42%	+70.12%
5 years(CAGR)	+9.88%	+0.82%
10 years(CAGR)	N/A	+11.43%
Max(CAGR)	+11.25%	+6.89%

Winner

BDEC

+1.39%

UWM

-1.56%

BDEC

+6.20%

Winner

UWM

+17.76%

BDEC

+6.24%

Winner

UWM

+22.03%

BDEC

+20.42%

Winner

UWM

+70.12%

5Y(CAGR)

Winner

BDEC

+9.88%

UWM

+0.82%

10Y(CAGR)

BDEC

N/A

UWM

+11.43%

Max(CAGR)

Winner

BDEC

+11.25%

UWM

+6.89%

BDEC vs UWM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	BDEC	UWM
2026	+6.13%	+23.68%
2025	+15.13%	+13.30%
2024	+12.85%	+12.80%
2023	+20.26%	+24.03%
2022	-9.52%	-45.05%
2021	+16.72%	+27.27%
2020	+12.85%	+16.54%
2019	+2.40%	+46.76%
2018	N/A	-27.28%
2017	N/A	+25.67%
2016	N/A	+48.22%
2015	N/A	-11.30%
2014	N/A	+8.63%
2013	N/A	+75.97%
2012	N/A	+26.65%
2011	N/A	-21.20%
2010	N/A	+43.30%
2009	N/A	+37.44%
2008	N/A	-65.83%
2007	N/A	-12.78%

BDEC vs UWM Drawdown Comparison

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

The maximum drawdown for UWM was -88.21%, occurring on Mar 9, 2009. Recovery took 1611 trading sessions.

The current BDEC drawdown is -1.50%. The current UWM drawdown is -7.68%.

Rank	BDEC	UWM
#1	-25.60% Feb 19, 2020 - Aug 6, 2020	-88.21% Jun 4, 2007 - Oct 24, 2013
#2	-16.44% Jan 4, 2022 - Jun 12, 2023	-71.47% Aug 31, 2018 - Dec 15, 2020
#3	-13.95% Feb 19, 2025 - Jun 24, 2025	-61.62% Nov 8, 2021 - Oct 27, 2023
#4	-9.02% Jul 31, 2023 - Dec 1, 2023	-46.62% Jun 23, 2015 - Nov 18, 2016
#5	-6.52% Jan 28, 2026 - Apr 14, 2026	-24.56% Mar 4, 2014 - Dec 26, 2014
#6	-4.64% Oct 12, 2020 - Nov 6, 2020	-19.71% Mar 15, 2021 - Nov 3, 2021
#7	-4.28% Sep 2, 2020 - Oct 9, 2020	-17.72% Jan 23, 2018 - May 17, 2018
#8	-4.08% Jul 16, 2024 - Aug 16, 2024	-16.78% Feb 22, 2007 - Apr 26, 2007
#9	-3.84% Nov 11, 2025 - Nov 26, 2025	-14.31% Jan 22, 2014 - Feb 27, 2014
#10	-2.83% Dec 6, 2024 - Jan 22, 2025	-13.43% Feb 9, 2021 - Mar 11, 2021
#11	-2.79% Mar 28, 2024 - May 7, 2024	-12.52% Jul 25, 2017 - Sep 25, 2017
#12	-2.61% Jan 20, 2021 - Feb 8, 2021	-10.36% Dec 29, 2014 - Feb 13, 2015
#13	-2.43% Feb 24, 2021 - Mar 11, 2021	-9.22% Mar 1, 2017 - Apr 26, 2017
#14	-2.24% May 7, 2021 - May 27, 2021	-9.12% Apr 15, 2015 - Jun 18, 2015
#15	-2.17% Oct 8, 2025 - Oct 21, 2025	-8.72% Jan 22, 2021 - Feb 4, 2021