Which has more room to gain, KDEC or SNOV?

From their prices on Oct 1, 2026, KDEC can gain about 6.4% before its cap and SNOV about 3.2%, so KDEC has more room left this period.

Which resets first, KDEC or SNOV?

KDEC ends its outcome period on Nov 30, 2026 and SNOV on Nov 20, 2026. A new cap is set the day after each.

Which is cheaper, KDEC or SNOV?

KDEC charges 0.79% a year and SNOV charges 0.90%, so KDEC is cheaper. Fees come from each fund's prospectus.

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KDEC vs SNOV: which one stands where?

As of Oct 1, 2026 SNOV can fall 13.0% before its buffer engages and KDEC 10.0%, and SNOV resets 10 days sooner. Innovator U.S. Small Cap Power Buffer ETF - Dec and FT Vest U.S. Small Cap Moderate Buffer ETF - November.

10.0%

KDEC can fall this far before its buffer

13.0%

SNOV can fall this far before its buffer

6.4%

KDEC can still gain

3.2%

SNOV can still gain

KDECBetween buffer and cap

KDEC: reference +11.7% since period start, fund +10.3%; buffer 0 to −15; cap +18.1%; Between buffer and cap.

SNOVBetween buffer and cap

SNOV: reference +18.0% since period start, fund +13.9%; buffer 0 to −15; cap +18.4%; Between buffer and cap.

ETFIQ Downside Cover Score · KDEC scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

KDEC 26.1

SNOV 5.3

0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

SNOV resets first, on Nov 20, 2026, 51 days from now; KDEC runs to Nov 30, 2026, 61 days. KDEC can still gain 6.4% before its cap, SNOV 3.2%. A fall from here reaches KDEC’s buffer after 10.0% and SNOV’s after 13.0%. Both track IWM, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	KDEC	SNOV	KDEC	SNOV
3 months	−0.9%	+0.5%	+6.0 pts	+7.4 pts
6 months	+8.8%	+9.2%	−3.1 pts	−2.7 pts
1 year	+10.4%	+10.2%	−5.7 pts	−5.9 pts

KDEC and SNOV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

KDEC

Innovator U.S. Small Cap Power Buffer ETF - Dec · Absorbs the first 15% of loss on IWM and caps the gain at 18.1%, over a period ending Nov 30, 2026

SNOV

FT Vest U.S. Small Cap Moderate Buffer ETF - November · Absorbs the first 15% of loss on IWM and caps the gain at 18.4%, over a period ending Nov 20, 2026

Issuer Innovator First Trust

Reference index IWM IWM

Buffer 15% 15%

Outcome period Nov 30, 2025 to Nov 30, 2026 Nov 24, 2025 to Nov 20, 2026

Days left 61 51

Starting cap +18.1% +18.4%

Can still gain 6.4% 3.2%

Fall before buffer 10.0% 13.0%

Protection left, index points 15.0% of 15.0% 15.0% of 15.0%

Index return this period +11.7% +18.0%

Fund return this period +10.3% +13.9%

State today Open Open

Expense ratio 0.79% 0.90%

Net assets $70m $113m

KDEC and SNOV on the same fields, as of Oct 1, 2026. Source: ETFIQ.

KDEC in plain words

From its price on Oct 1, 2026, the fund can gain about 6.4% more before it reaches its cap. The fund's price can fall 10.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IWM can fall 10.5% 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 IWM level. 61 days remained on Oct 1, 2026. On Nov 30, 2026 the period ends and a new cap is set.

SNOV in plain words

From its price on Oct 1, 2026, the fund can gain about 3.2% more before it reaches its cap. The fund's price can fall 13.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IWM can fall 15.2% from today's level to the point where the buffer begins. 51 days remained on Oct 1, 2026. On Nov 20, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, KDEC or SNOV?: From their prices on Oct 1, 2026, KDEC can gain about 6.4% before its cap and SNOV about 3.2%, so KDEC has more room left this period.
Which resets first, KDEC or SNOV?: KDEC ends its outcome period on Nov 30, 2026 and SNOV on Nov 20, 2026. A new cap is set the day after each.
Which is cheaper, KDEC or SNOV?: KDEC charges 0.79% a year and SNOV charges 0.90%, so KDEC is cheaper. Fees come from each fund's prospectus.

Other comparisons

IWM →KDEC on its own →SNOV on its own →How every figure is computed →Standards and sources →

Where these figures came from

KDEC filings on SEC EDGAR ↗Innovator page for KDEC ↗SNOV filings on SEC EDGAR ↗First Trust page for SNOV ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, KDEC against SNOV, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/kdec-vs-snov

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.