Skip to Content
ETFs

Innovator U.S. Equity Power Buffer ETF - December

PDEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 01 2019
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$1,553,111
AUM
$606,057,500
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SPY 11/30/2023 4.08 C
99.09%
n/a
SPY 11/30/2023 407.68 P
0.91%
n/a
Cash & Other
0.20%
n/a
SPY 11/30/2023 482.61 C
-0.04%
n/a
SPY 11/30/2023 346.53 P
-0.16%
Invest with PDEC

What is PDEC?

The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toPDEC

ETFs correlated to PDEC include GAUG, GJUL, AUGW

PDEC
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - December
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
PSEP
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - September
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPDEC

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PDEC using Composer

FAQ

PDEC is a US Equities ETF. The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

PDEC tracks the S&P 500 Index.

No, PDEC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PDEC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PDEC is -0.0097%. This is the percent change in the value of PDEC over the most recent 1-month period. The 3-month return on PDEC is -0.0003%. This is the percent change in the value of PDEC over the most recent 3-month period.

The standard deviation of PDEC for the past year is 0.1018%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PDEC include SSO, IVV, and UPRO.

ETFs correlated to PDEC include GAUG, GJUL, and AUGW.

ETFs that are inversely correlated to PDEC include SPDN, SH, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.