Data as of Nov 4, 2026.
BDEC vs DECP: Cap, Buffer & Days Left
As of Nov 4, 2026 BDEC can fall 11.0% before its buffer engages and DECP 10.6%.
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Net assets on Nov 4, 2026: $214m for Innovator U.S. Equity Buffer ETF - Dec and $39m for PGIM S&P 500 Buffer 12 ETF - December.
BDEC: reference +12.2% since period start, fund +11.4%; buffer 0 to −9; cap +17.4%; Between buffer and cap. Data to Nov 4, 2026.
BDEC: reference +12.2% since period start, fund +11.4%; buffer 0 to −9; cap +17.4%; Between buffer and cap. Data to Nov 4, 2026.DECP: reference +12.2% since period start, fund +11.3%; buffer 0 to −12; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.
DECP: reference +12.2% since period start, fund +11.3%; buffer 0 to −12; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
DECP costs 0.29 points a year less; their one-year returns differ by 0.3 points; BDEC is 5.5 times larger.
Points (pts) are percentage points.
| Measure | BDEC | DECP |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.2% | +13.5% |
| Drawdown | ||
| Index fall to the buffer | 10.8% | 10.9% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.50% |
| Net assets | $214m | $39m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | BDEC | DECP | BDEC | DECP |
| 3 months | +0.9% | +1.7% | +1.3 pts | +2.0 pts |
| 6 months | +5.0% | +5.3% | +0.5 pts | +0.8 pts |
| 1 year | +13.2% | +13.5% | −0.4 pts | −0.1 pts |
| 3 years | +55.1% | – | −21.3 pts | – |
| Since launchNot the same days: BDEC Dec 2019 · DECP May 2024 | +109.1% | +34.3% | −37.0 pts | −10.5 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
BDEC resets first, on Nov 30, 2026, 26 days from now; DECP runs to Nov 30, 2026, 26 days. BDEC can still gain 4.7% before its cap, DECP 2.8%. A fall from here reaches BDEC’s buffer after 11.0% and DECP’s after 10.6%. Both track SPY, so what separates them is where each is in its own period.
BDEC
From its price on Nov 4, 2026, the fund can gain about 4.7% more before it reaches its cap. The fund's price can fall 11.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.8% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 26 days remained on Nov 4, 2026. On Nov 30, 2026 the period ends and a new cap is set.
DECP
From its price on Nov 4, 2026, the fund can gain about 2.8% more before it reaches its cap. The fund's price can fall 10.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.9% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BDEC against DECP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bdec-vs-decp
ETFIQ. (Nov 4, 2026). BDEC against DECP. Retrieved from https://etfiq.com/compare/buffer/bdec-vs-decp
[BDEC against DECP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/bdec-vs-decp)
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