UDEC vs XSLV

Comparison between Innovator U.S. Equity Ultra Buffer ETF - December (UDEC, ETF) and INVESCO S&P SMALLCAP LOW VOLATILITY ETF (XSLV, ETF).

5-Year PerformanceUDEC has outperformed XSLV, delivering a return of +7.5% compared to +4.4%

UDEC vs XSLV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UDEC(ETF)	XSLV(ETF)
Net Assets	$247M	$246M
Expense Ratio	0.79%	0.25%
Max Drawdown	13.37%	45.26%
Sharpe Ratio	1.39	0.76
5Y Beta	0.42	0.54
P/E Ratio	N/A	17.63
Forward P/E	N/A	15.86
5Y Dividends CAGR	N/A	11.21%
5Y EPS CAGR	N/A	6.52%
Debt to Equity	N/A	45.11%
P/S Ratio	N/A	1.71
P/B Ratio	N/A	1.53

Net Assets

Winner

UDEC

$247M

XSLV

$246M

Expense Ratio

UDEC

0.79%

Winner

XSLV

0.25%

Max Drawdown

Winner

UDEC

13.37%

XSLV

45.26%

Sharpe Ratio

Winner

UDEC

1.39

XSLV

0.76

5Y Beta

Winner

UDEC

0.42

XSLV

0.54

P/E Ratio

UDEC

N/A

XSLV

17.63

Forward P/E

UDEC

N/A

XSLV

15.86

5Y Dividends CAGR

UDEC

N/A

XSLV

11.21%

5Y EPS CAGR

UDEC

N/A

XSLV

6.52%

Debt to Equity

UDEC

N/A

XSLV

45.11%

P/S Ratio

UDEC

N/A

XSLV

1.71

P/B Ratio

UDEC

N/A

XSLV

1.53

UDEC vs XSLV - Historical Returns

Returns include dividend reinvestment.

Period	UDEC	XSLV
1 month	+2.03%	-1.13%
3 months	+2.43%	+6.05%
6 months	+6.40%	+8.01%
1 year	+13.72%	+14.87%
5 years(CAGR)	+7.48%	+4.37%
10 years(CAGR)	N/A	+5.61%
Max(CAGR)	+7.37%	+8.08%

Winner

UDEC

+2.03%

XSLV

-1.13%

UDEC

+2.43%

Winner

XSLV

+6.05%

UDEC

+6.40%

Winner

XSLV

+8.01%

UDEC

+13.72%

Winner

XSLV

+14.87%

5Y(CAGR)

Winner

UDEC

+7.48%

XSLV

+4.37%

10Y(CAGR)

UDEC

N/A

XSLV

+5.61%

Max(CAGR)

UDEC

+7.37%

Winner

XSLV

+8.08%

UDEC vs XSLV - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	UDEC	XSLV
2026	+7.16%	+15.32%
2025	+13.00%	+1.00%
2024	+9.89%	+9.74%
2023	+17.36%	+0.99%
2022	-9.56%	-12.21%
2021	+7.04%	+30.14%
2020	+6.31%	-17.01%
2019	+1.16%	+22.71%
2018	N/A	-5.35%
2017	N/A	+8.33%
2016	N/A	+34.46%
2015	N/A	+3.05%
2014	N/A	+12.21%
2013	N/A	+25.16%

UDEC vs XSLV Drawdown Comparison

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

The maximum drawdown for XSLV was -44.30%, occurring on Mar 23, 2020. Recovery took 451 trading sessions.

The current UDEC drawdown is -0.19%. The current XSLV drawdown is -2.26%.

Rank	UDEC	XSLV
#1	-13.37% Feb 19, 2020 - Aug 4, 2020	-44.30% Jan 17, 2020 - Nov 1, 2021
#2	-10.26% Jan 4, 2022 - Jul 13, 2023	-24.74% Jan 4, 2022 - Nov 6, 2024
#3	-8.94% Feb 19, 2025 - Jun 24, 2025	-18.67% Aug 31, 2018 - Sep 13, 2019
#4	-8.15% Jul 28, 2023 - Nov 15, 2023	-18.34% Nov 25, 2024 - Feb 5, 2026
#5	-4.44% Jan 28, 2026 - Apr 14, 2026	-11.04% Dec 1, 2015 - Mar 30, 2016
#6	-2.81% Jul 16, 2024 - Aug 15, 2024	-9.75% Nov 29, 2017 - May 24, 2018
#7	-2.70% Oct 12, 2020 - Nov 5, 2020	-8.88% Jul 16, 2015 - Oct 23, 2015
#8	-2.46% Nov 12, 2025 - Nov 25, 2025	-7.54% Jul 1, 2014 - Oct 30, 2014
#9	-2.31% Sep 2, 2020 - Oct 9, 2020	-7.46% Feb 6, 2026 - Apr 17, 2026
#10	-2.16% Dec 6, 2024 - Jan 21, 2025	-6.47% Jul 23, 2013 - Oct 11, 2013
#11	-1.96% Mar 28, 2024 - May 6, 2024	-6.38% Sep 7, 2016 - Nov 11, 2016
#12	-1.79% Oct 8, 2025 - Oct 21, 2025	-6.11% Nov 11, 2021 - Dec 27, 2021
#13	-1.56% Jun 4, 2026 - Jul 6, 2026	-5.91% Jan 22, 2014 - Mar 4, 2014
#14	-1.45% Jul 25, 2025 - Aug 8, 2025	-5.76% Apr 2, 2014 - Jun 6, 2014
#15	-1.26% Jul 15, 2026 - Jul 31, 2026	-5.62% Mar 23, 2015 - Jul 16, 2015