Skip to content
etf.net

DDEC vs UFEB

FT Vest U.S. Equity Deep Buffer ETF - December

DDECCCboe

Innovator U.S. Equity Ultra Buffer ETF

UFEBBCboe

Overlap

Expense ratio

UFEB −0.06pt a year

DDEC0.85%UFEB0.79%

Avg volume · 30D

UFEB 2.8×the volume

DDEC11.7KUFEB32.8K

5Y return · a year

DDEC +1.2pt

DDEC+8.5%UFEB+7.3%

DDEC vs UFEB Performance

Oct 29, 2021 – Oct 30, 2026

+50.1%DDEC+42.2%UFEB

Oct 29, 2021 to Oct 30, 2026. DDEC +50.1%. UFEB +42.2%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
DDEC 0.85%
UFEB 0.79%, better
Fund size
DDEC $436M
UFEB $167M
1Y total return
DDEC +10.2%, better
UFEB +9.7%
Holdings
DDEC 3
UFEB 3
Avg volume (30D)
DDEC 11.7K sh
UFEB 32.8K sh, better
NAV per share
DDEC $48.68
UFEB $39.55
52W range

ETF.net Grade

DDEC: Cost 31, Risk 49, Mission not scored, Tradability 52, Holdings 57, Durability 63. UFEB: Cost 67, Risk 64, Mission not scored, Tradability 63, Holdings not scored, Durability 45.
Pillar letters and Scores for DDEC, UFEB, with each pillar’s weight
PillarDDECUFEB
Cost30% weightD31B67Higher
Mission25% weightNot scoredNot scored
Risk15% weightC49B64Higher
Tradability15% weightC52B63Higher
Holdings10% weightB57Not scored
Durability5% weightB63HigherC45

Rank among S&P 500 Deep Buffer 25-30% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DDEC and UFEB are both graded against the same 19 S&P 500 Deep Buffer 25-30% funds, so their Grades compare head to head.

S&P 500 Deep Buffer 25-30%⁠

Category · 19 funds
See all 19 ›

UFEB ranks 1st and DDEC 15th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

  1. Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
  2. Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
  3. Rank 3BPSCQPacer Swan SOS Conservative (October) ETFScore 60
  4. Rank 14CDOCTFT Vest U.S. Equity Deep Buffer ETF - OctoberScore 45
  5. Rank 15CDDECFT Vest U.S. Equity Deep Buffer ETF - DecemberScore 44
  6. Rank 16CDMAYFT Vest U.S. Equity Deep Buffer ETF - MayScore 41

Our read on each fund

ETF.net Research

DDECCFT Vest U.S. Equity Deep Buffer ETF - December

UFEBBInnovator U.S. Equity Ultra Buffer ETF

In short

DDEC The deep-buffer version of the trade: DDEC lets the first 5% of an S&P 500 slide go, then absorbs the next 25 points of losses down to a 30% drop, in exchange for a capped upside that resets every December.

UFEB No data

Stated mandate

DDEC The Fund seeks to match the Underlying ETF’s price return up to an upside cap of 11.96%, while buffering losses in the range from 5% through 30% below the initial level during the current outcome period.

UFEB No data

Why people hold it

  • DDEC Deep, not standard. The first 5% of decline stays with you, then the fund cushions the next 25 points, covering losses down to 30% over the outcome period.ftportfolios.com
  • The reference asset is the SPDR S&P 500 ETF Trust, so the thing being hedged is plain large-cap US equity, and the payoff follows its price return.
  • One of twelve dated siblings, one per calendar month. The December reset lets holders stagger entry points across the series instead of betting on a single start date.
  • Live since 2020, so the structure has run through multiple complete reset cycles rather than one untested stretch.

UFEB No data

Worth knowing

  • DDEC 0.85% a year sits right at the deep-buffer median, but Pacer's conservative structured-outcome funds (PSCX, PSCW) charge 0.49% for a defensive brief in the same cohort.
  • Upside is capped and the cushion only starts after a 5% drop. Both terms are set for the one-year period, so buying mid-period changes the cushion and ceiling you actually get.
  • It trades lightly next to the category's largest funds, which can widen the spread between market price and underlying value at the moment of a trade.

UFEB No data

Full DDEC profile⁠

Full UFEB profile⁠

DDEC vs UFEB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DDEC vs UFEB Cost

Overpaying DDEC vs UFEB

$1,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DDEC 0.85%

    $16,199

  • UFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DDEC 0.85%
  • UFEB 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DDEC $16,199UFEB $15,174

Year by year

YearDDECUFEBOverpaying
10$1,508$1,405$103
20$5,706$5,331$375
30$16,199$15,174$1,025

Expense ratio

  • 0.85%DDEC
  • 0.79%UFEB, cheaper
  • Middle half of S&P 500 Deep Buffer 25-30% funds
  • Median 0.85%

UFEB 7th cheapest of 19 funds

DDEC 8th cheapest of 19 funds

DDEC vs UFEB Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
DDEC None
UFEB None

Distribution history

DDECAll DDEC payments⁠

No distribution history available.

UFEBAll UFEB payments⁠

No distribution history available.

DDEC vs UFEB Risk

Fall from peak · 5 years

  • DDEC
  • UFEB
Oct 29, 2021 to Oct 30, 2026. Worst fall: DDEC −10.2% · Jun 2022. Use the arrow keys to read each point.−10%−7.5%−5%−2.5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DDEC 6.1%UFEB 5.9%, better
Return per unit of riskSharpe ratio, 3 years
DDEC 1.42UFEB 1.43, better
Worst fallMax drawdown, 5 years
DDEC −10.2%UFEB −9.0%, better
Market sensitivityBeta, 5 years
DDEC 0.48UFEB 0.46

Popular comparisons

  • DDECCvsPSCXB

    FT Vest U.S. Equity Deep Buffer ETF - December · Pacer Swan SOS Conservative (January) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsPSCXB

    Innovator U.S. Equity Ultra Buffer ETF · Pacer Swan SOS Conservative (January) ETF

    Expense ratio
    0.79% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DDECCvsPSCQB

    FT Vest U.S. Equity Deep Buffer ETF - December · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsPSCQB

    Innovator U.S. Equity Ultra Buffer ETF · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.79% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DDECCvsDFEBC

    FT Vest U.S. Equity Deep Buffer ETF - December · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UFEBBvsDFEBC

    Innovator U.S. Equity Ultra Buffer ETF · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.79% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.