UDEC vs FMAG

Comparison between Innovator U.S. Equity Ultra Buffer ETF - December (UDEC, ETF) and FIDELITY MAGELLAN ETF (FMAG, ETF).

5-Year PerformanceFMAG has outperformed UDEC, delivering a return of +9.0% compared to +7.5%

UDEC vs FMAG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UDEC(ETF)	FMAG(ETF)
Net Assets	$247M	$246M
Expense Ratio	0.79%	0.57%
Max Drawdown	13.37%	33.02%
Sharpe Ratio	1.39	0.06
5Y Beta	0.42	1.08
P/E Ratio	N/A	31.87
Forward P/E	N/A	25.41
PEG Ratio	N/A	0.44
5Y EPS CAGR	N/A	34.44%
P/S Ratio	N/A	3.48
P/B Ratio	N/A	9.65

Net Assets

Winner

UDEC

$247M

FMAG

$246M

Expense Ratio

UDEC

0.79%

Winner

FMAG

0.57%

Max Drawdown

Winner

UDEC

13.37%

FMAG

33.02%

Sharpe Ratio

Winner

UDEC

1.39

FMAG

0.06

5Y Beta

Winner

UDEC

0.42

FMAG

1.08

P/E Ratio

UDEC

N/A

FMAG

31.87

Forward P/E

UDEC

N/A

FMAG

25.41

PEG Ratio

UDEC

N/A

FMAG

0.44

5Y EPS CAGR

UDEC

N/A

FMAG

34.44%

P/S Ratio

UDEC

N/A

FMAG

3.48

P/B Ratio

UDEC

N/A

FMAG

9.65

UDEC vs FMAG - Historical Returns

Returns include dividend reinvestment.

Period	UDEC	FMAG
1 month	+2.03%	+2.72%
3 months	+2.43%	-1.00%
6 months	+6.40%	+6.08%
1 year	+13.72%	+4.06%
5 years(CAGR)	+7.48%	+9.00%
Max(CAGR)	+7.37%	+11.27%

UDEC

+2.03%

Winner

FMAG

+2.72%

Winner

UDEC

+2.43%

FMAG

-1.00%

Winner

UDEC

+6.40%

FMAG

+6.08%

Winner

UDEC

+13.72%

FMAG

+4.06%

5Y(CAGR)

UDEC

+7.48%

Winner

FMAG

+9.00%

Max(CAGR)

UDEC

+7.37%

Winner

FMAG

+11.27%

UDEC vs FMAG - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	UDEC	FMAG
2026	+7.16%	+5.80%
2025	+13.00%	+10.44%
2024	+9.89%	+30.08%
2023	+17.36%	+31.66%
2022	-9.56%	-26.44%
2021	+7.04%	+25.37%
2020	+6.31%	N/A
2019	+1.16%	N/A

UDEC vs FMAG Drawdown Comparison

The maximum drawdown for UDEC was -13.37%, occurring on Mar 20, 2020. Recovery took 116 trading sessions.

The maximum drawdown for FMAG was -32.93%, occurring on Oct 14, 2022. Recovery took 548 trading sessions.

The current UDEC drawdown is -0.19%. The current FMAG drawdown is -2.72%.

Rank	UDEC	FMAG
#1	-13.37% Feb 19, 2020 - Aug 4, 2020	-32.93% Nov 19, 2021 - Jan 29, 2024
#2	-10.26% Jan 4, 2022 - Jul 13, 2023	-20.12% Jan 23, 2025 - Jun 4, 2025
#3	-8.94% Feb 19, 2025 - Jun 24, 2025	-13.97% Oct 28, 2025 - Apr 24, 2026
#4	-8.15% Jul 28, 2023 - Nov 15, 2023	-10.20% Jul 10, 2024 - Sep 19, 2024
#5	-4.44% Jan 28, 2026 - Apr 14, 2026	-8.12% Feb 12, 2021 - Apr 5, 2021
#6	-2.81% Jul 16, 2024 - Aug 15, 2024	-8.03% Jun 2, 2026 - Aug 13, 2026
#7	-2.70% Oct 12, 2020 - Nov 5, 2020	-6.95% Sep 3, 2021 - Oct 25, 2021
#8	-2.46% Nov 12, 2025 - Nov 25, 2025	-6.17% Apr 29, 2021 - Jun 14, 2021
#9	-2.31% Sep 2, 2020 - Oct 9, 2020	-6.16% Mar 21, 2024 - May 15, 2024
#10	-2.16% Dec 6, 2024 - Jan 21, 2025	-4.65% Dec 4, 2024 - Jan 21, 2025
#11	-1.96% Mar 28, 2024 - May 6, 2024	-4.02% Oct 14, 2024 - Nov 6, 2024
#12	-1.79% Oct 8, 2025 - Oct 21, 2025	-3.53% Aug 13, 2026 - Aug 24, 2026
#13	-1.56% Jun 4, 2026 - Jul 6, 2026	-3.33% Nov 8, 2024 - Dec 4, 2024
#14	-1.45% Jul 25, 2025 - Aug 8, 2025	-3.21% Sep 22, 2025 - Oct 27, 2025
#15	-1.26% Jul 15, 2026 - Jul 31, 2026	-3.15% May 14, 2026 - May 28, 2026