Innovator U.S. Small Cap Power Buffer ETF… (KDEC) Performance
KDEC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.9% since Dec 31, 2025
- 1 year
- +9.3% total return
- Since first price
- +12.3% since 2024
KDEC trailing returns vs SPY, QQQ, AGG
| Period | KDEC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −0.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +9.9% | +9.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.3% | +9.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 2, 2024 | +12.3% | +12.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KDEC vs SPY
From Dec 2, 2024: KDEC grew to $11,227, SPY to $12,881.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KDEC returns by calendar year
1 of 1 full years positive. Best 2025 (+6.5%), worst 2025 (+6.5%). 2026 is year to date.
KDEC annual returns table
| Year | KDEC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.9% | −5.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.5% | −15.1% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KDEC largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 2, 2024 | −16.5% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KDEC risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +9.5% |
| Volatility (annualized) | 8.3% |
| Sharpe ratio | 0.68 |
| Sortino ratio | 1.16 |
| Best month | +6.4% |
| Worst month | −3.4% |
| Best 12 months | +21.0% |
| Worst 12 months | +6.5% |
| Positive months | 71% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KDEC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | +6.5% | +12.2% | +21.0% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
KDEC performance overview
Innovator U.S. Small Cap Power Buffer ETF… (KDEC) returned +9.3% over the past year, with distributions reinvested. Since its first recorded price on Dec 2, 2024 it has returned +12.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.5%, from Dec 2, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 8.3% a year.
Related: KDEC chart. See the KDEC overview for the latest quote and fund facts.
KDEC performance FAQ
What is the KDEC return over the past year?
KDEC returned +9.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.3%.
How much would $10,000 invested in KDEC be worth?
$10,000 invested in KDEC at its first recorded close on December 2, 2024 would be worth about $11,227 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of KDEC?
The largest peak-to-trough decline was −16.5% between December 2, 2024 and April 8, 2025. It recovered to the old high on August 22, 2025, 4 months after the bottom.
How volatile is KDEC?
Over the past history KDEC had an annualized volatility of 8.3% and a Sharpe ratio of 0.68 (excess return over 1–3 month T-bills per unit of risk).