Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Buffer ETFs

DECU vs PDEC: Cap, Buffer & Days Left

Share
Share on XDownload as PDF

As of Nov 4, 2026 PDEC can fall 10.1% before its buffer engages and DECU 7.9%.

askIQ about this page

askIQ about DECU and PDEC

Net assets: $52m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Dec, and $987m on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Dec.

At a glance
7.9%
DECU can fall this far before its buffer
10.1%
PDEC can fall this far before its buffer
uncapped
DECU can still gain
1.8%
PDEC can still gain
DECU No cap
No capDECU: reference +12.2% since period start, fund +7.7%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer+12.2% gained, no cap−15.0% floor0% period startno capTODAY · SPY +12.2%No capDECU: reference +12.2% since period start, fund +7.7%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+12.2% gained, no capTODAY · SPY +12.2%

DECU: reference +12.2% since period start, fund +7.7%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

DECU: reference +12.2% since period start, fund +7.7%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
PDEC Between buffer and cap
Between buffer and capPDEC: reference +12.2% since period start, fund +10.3%; buffer 0 to −15; cap +13.1%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+12.2% gain captured−15.0% floor0% period start+13.1% cap+1% more to the capTODAY · SPY +12.2%Between buffer and capPDEC: reference +12.2% since period start, fund +10.3%; buffer 0 to −15; cap +13.1%; Between buffer and cap. Data to Nov 4, 2026.15 pts+12.2%−15.0% floor0% start+13.1% cap+1% more to the capTODAY · SPY +12.2%

PDEC: reference +12.2% since period start, fund +10.3%; buffer 0 to −15; cap +13.1%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

DECU costs 0.05 points a year less; their one-year returns differ by 3.2 points; PDEC is 18.8 times larger.

Points (pts) are percentage points.

DECU vs PDEC: Cap, Buffer & Days Left
MeasureDECUPDEC
Return
Total return, 1 year+9.0%+12.2%
Drawdown
Index fall to the buffer10.9%10.8%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.79%
Net assets, as of Nov 3, 2026$52m$975m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · DECU scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score59.4DECU30.1PDEC

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: DECU vs PDEC: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDECUPDECDECUPDEC
3 months−1.4%+1.8%−1.0 pts+2.2 pts
6 months+2.3%+5.1%−2.2 pts+0.6 pts
1 year+9.0%+12.2%−4.6 pts−1.4 pts
3 years–+45.8%–−30.6 pts
Since launchNot the same days: DECU Dec 2024 · PDEC Dec 2019+17.7%+80.7%−9.3 pts−65.4 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

DECU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Dec · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Nov 30, 2026 PDEC Innovator U.S. Equity Power Buffer ETF - Dec · Absorbs the first 15% of loss on SPY and caps the gain at 13.1%, over a period ending Nov 30, 2026
Reference index SPY SPY
Buffer 15% 15%
Outcome period Dec 1, 2025 to Nov 30, 2026 Nov 30, 2025 to Nov 30, 2026
Days left 26 26
Starting cap uncapped +13.1%
Can still gain uncapped 1.8%
Fall before buffer 7.9% 10.1%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +12.2% +12.2%
Fund return this period +7.7% +10.3%
State today Uncapped Open
Expense ratio 0.74% 0.79%
Net assets, DECU as of Nov 3, 2026 and PDEC as of Nov 4, 2026 $52m $987m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

DECU resets first, on Nov 30, 2026, 26 days from now; PDEC runs to Nov 30, 2026, 26 days. A fall from here reaches DECU’s buffer after 7.9% and PDEC’s after 10.1%. Both track SPY, so what separates them is where each is in its own period.

Alert

PDEC flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
DECU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 7.9% 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: 15.0% of the 15.0% buffer still sits below today's SPY level. 26 days remained on Nov 4, 2026. On Nov 30, 2026 the period ends and new terms are set.

PDEC

From its price on Nov 4, 2026, the fund can gain about 1.8% more before it reaches its cap. The fund's price can fall 10.1% 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. On Nov 30, 2026 the period ends and a new cap is set.

Questions people ask

Which resets first, DECU or PDEC?
DECU ends its outcome period on Nov 30, 2026 and PDEC on Nov 30, 2026. New terms are set the day after each.
Which is cheaper, DECU or PDEC?
DECU charges 0.74% a year and PDEC charges 0.79%, so DECU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Sources and dates

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.

Cite this pageCitation, APA and Markdown

ETFIQ, DECU against PDEC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/decu-vs-pdec

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.