(BDEC) Innovator SP500 Buffer - Overview
Etf: ETF, FLEX, S&P, Buffer
| Risk 5d forecast | |
|---|---|
| Volatility | 10.5% |
| Relative Tail Risk | 3.67% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.74 |
| Alpha | 1.39 |
| Character TTM | |
|---|---|
| Beta | 0.694 |
| Beta Downside | 0.705 |
| Drawdowns 3y | |
|---|---|
| Max DD | 13.95% |
| CAGR/Max DD | 1.00 |
Description: BDEC Innovator SP500 Buffer January 01, 2026
The Innovator S&P 500 Buffer ETF – December (ticker BDEC) is a U.S.–based “Defined Outcome” ETF that seeks to deliver upside participation in the S&P 500 while limiting downside risk through a built-in buffer. Under normal market conditions it must hold at least 80 % of its net assets (plus any investment-purpose borrowings) in the SPDR ® S&P 500 ® ETF Trust, which serves as the underlying equity exposure.
To create the buffer, BDEC writes customized FLEX options on the underlying SPDR S&P 500 ETF. These exchange-traded contracts allow the manager to set specific strike prices and expirations, thereby defining the maximum loss (the “buffer”) and the upside participation rate. The fund is classified as non-diversified because a single underlying security (the SPDR S&P 500 ETF) dominates its holdings.
Key quantitative points (as of the most recent filing): the expense ratio is 0.75 %, assets under management are roughly $250 million, and the 12-month rolling buffer performance has historically limited losses to about 10 % while delivering roughly 70 % of S&P 500 upside in calm markets. The fund’s performance is highly sensitive to macro drivers such as Federal Reserve policy, U.S. inflation trends (CPI), and earnings momentum in the technology sector, which comprises about 25 % of the underlying index.
For a deeper, data-driven assessment of BDEC’s risk-return profile and how its buffer mechanics compare to peers, you may find ValueRay’s analytical tools useful.
What is the price of BDEC shares?
Over the past week, the price has changed by -0.20%, over one month by -0.04%, over three months by +2.37% and over the past year by +13.80%.
Is BDEC a buy, sell or hold?
What are the forecasts/targets for the BDEC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 56.5 | 12.6% |
BDEC Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 241.6m USD (241.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 241.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 241.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.47% (E(241.6m)/V(241.6m) * Re(8.47%) + (debt-free company))
Discount Rate = 8.47% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)