# PDEC (Innovator U.S. Equity Power Buffer ETF - Dec)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, PDEC sits between its buffer and its cap, with SPY up 11.8% since the period began.

## Key facts

- PDEC, can still gain: 3.3%, as of Sep 11, 2026.
- PDEC, fall before the buffer: 8.8%, as of Sep 11, 2026.
- PDEC, protection left, index points: 15.0%, as of Sep 11, 2026.
- PDEC, days to reset: 80, as of Sep 11, 2026.
- PDEC, net assets: $986m (issuer page, as of Sep 11, 2026).
- PDEC, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## PDEC over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +3.1% | +3.3% | −0.2 pts |
| 6 months | +9.9% | +16.0% | −6.1 pts |
| 1 year | +12.9% | +17.5% | −4.6 pts |
| 3 years | +40.5% | +77.9% | −37.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Nov 30, 2025 to Nov 30, 2026 | ETFIQ |
| Starting cap | +13.1% | ETFIQ |
| SPY return since period start | +11.8% | ETFIQ |
| Fund return since period start | +8.9% | ETFIQ |
| Net assets | $986m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 3.3% | issuer, fund price |
| Fall before buffer | 8.8% | issuer, fund price |
| Fall to the buffer in index terms | 10.6% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 80 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can PDEC still gain?

About 3.3% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +13.1%.

### How far can PDEC fall before the buffer helps?

8.8% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.6% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the PDEC buffer is left?

15.0% of the 15.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does PDEC reset?

The outcome period ends on Nov 30, 2026, 80 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does PDEC cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, PDEC, data as of Sep 11, 2026. https://etfiq.com/funds/pdec
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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