- CUSIP
- 45784N536
- Issuer
- Innovator
- Inception Date
- Jun 30, 2025
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 163K
- Avg. Volume Value (1M)
- $3.47M
Share Price Chart
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Performance
DDFL Performance Chart
Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) is up 3.6% since the beginning of the year. DDFL is currently trading at $21 per share.
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Returns By Period
Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) has returned 3.63% so far this year and 8.10% over the past 12 months.
Innovator Equity Dual Directional 15 Buffer ETF - July
- 1D
- 0.24%
- 1M
- 0.52%
- 6M
- 3.32%
- YTD
- 3.63%
- 1Y
- 8.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.07%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DDFL Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2025, DDFL's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 85% of months were positive and 15% were negative. The best month was Apr 2026 with a return of +2.1%, while the worst month was Jul 2025 at -1.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, DDFL closed higher 56% of trading days. The best single day was Mar 31, 2026 with a return of +0.9%, while the worst single day was Jul 1, 2025 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.24% | -0.56% | 2.05% | 0.81% | 0.45% | 0.31% | 3.63% | |||||
| 2025 | -1.00% | 1.08% | 1.01% | 0.35% | 0.54% | 0.85% | 2.85% |
Benchmark Metrics
Innovator Equity Dual Directional 15 Buffer ETF - July has an annualized alpha of 2.25%, beta of 0.21, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since July 01, 2025.
- This ETF captured 16.51% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -19.32%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.21 may look defensive, but with R2 of 0.48 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.25%
- Beta
- 0.21
- R²
- 0.48
- Upside Capture
- 16.51%
- Downside Capture
- -19.32%
Expense Ratio
DDFL has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DDFL ranks 93 for risk / return — above 93% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DDFL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.25 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 2.00 | +2.71 |
| Martin ratioReturn relative to average drawdown | 23.00 | 8.49 | +14.51 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator Equity Dual Directional 15 Buffer ETF - July. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator Equity Dual Directional 15 Buffer ETF - July was 1.83%, occurring on Jul 1, 2025. Recovery took 30 trading sessions.
The current Innovator Equity Dual Directional 15 Buffer ETF - July drawdown is 0.07%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.83%Jul 2025 | 1d | 1mo 13d | 1mo 13dJul 2025 - Aug 2025 | — |
-1.63%Mar 2026 | 1mo 2d | 9d | 1mo 11dFeb 2026 - Apr 2026 | — |
-0.89%Jul 2026 | 14d | — | 18dJul 2026 - now | — |
-0.86%Nov 2025 | 23d | 6d | 29dOct 2025 - Nov 2025 | — |
-0.68%Jan 2026 | 7d | 7d | 14dJan 2026 - Jan 2026 | — |
Drawdown Indicators
| DDFL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -56.78% | +54.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -9.10% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.07% | -1.58% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -10.70% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.14% | -1.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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