DDFD vs. BOUT

Last updated Jun 6, 2026

DDFD (Innovator Equity Dual Directional 15 Buffer ETF - December) and BOUT (Innovator IBD Breakout Opportunities ETF) are both exchange-traded funds - DDFD is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY), while BOUT is a Mid Cap Growth Equities fund tracking the IBD Breakout Stocks Total Return Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. DDFD charges 0.79%/yr vs 0.80%/yr for BOUT.

Performance

DDFD vs. BOUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - December (DDFD) and Innovator IBD Breakout Opportunities ETF (BOUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDFD achieves a 3.55% return, which is significantly lower than BOUT's 24.63% return.

DDFD

• 1D: -0.53%
• 1M: 0.35%
• YTD: 3.55%
• 6M: 4.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOUT

• 1D: -4.97%
• 1M: -2.63%
• YTD: 24.63%
• 6M: 23.13%
• 1Y: 27.55%
• 3Y*: 15.15%
• 5Y*: 7.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDFD vs. BOUT - Yearly Performance Comparison

	2026 (YTD)	2025
DDFD Innovator Equity Dual Directional 15 Buffer ETF - December	3.55%	0.64%
BOUT Innovator IBD Breakout Opportunities ETF	24.63%	-1.82%

Correlation

The correlation between DDFD and BOUT is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.70

DDFD vs. BOUT - Sectors Allocation Comparison

Sectors	DDFD	BOUT
Technology	36.2%	28.4%
Financial Services	11.9%	22.9%
Communication Services	10.9%	2.0%
Consumer Cyclical	10.1%	8.5%
Healthcare	8.4%	2.6%
Industrials	8.1%	9.7%
Consumer Defensive	4.9%	9.7%
Energy	3.5%	3.1%
Utilities	2.3%	7.0%
Real Estate	1.9%	3.5%
Basic Materials	1.8%	9.9%

Return for Risk

DDFD vs. BOUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOUT

BOUT Risk / Return Rank: 41
BOUT Sharpe Ratio Rank: 38
BOUT Sortino Ratio Rank: 37
BOUT Omega Ratio Rank: 37
BOUT Calmar Ratio Rank: 50
BOUT Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDFD vs. BOUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - December (DDFD) and Innovator IBD Breakout Opportunities ETF (BOUT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DDFD	BOUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	0.38	+1.29

Drawdowns

DDFD vs. BOUT - Drawdown Comparison

The maximum DDFD drawdown since its inception was -3.10%, smaller than the maximum BOUT drawdown of -36.75%. Use the drawdown chart below to compare losses from any high point for DDFD and BOUT.

Drawdown Indicators

	DDFD	BOUT	Difference
Max Drawdown Largest peak-to-trough decline	-3.10%	-36.75%	+33.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.28%	—
Current Drawdown Current decline from peak	-0.53%	-5.15%	+4.62%
Average Drawdown Average peak-to-trough decline	-0.43%	-12.28%	+11.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.94%	—

Volatility

Volatility by Period

	DDFD	BOUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	21.40%	-16.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.11%	19.60%	-14.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	22.99%	-17.88%

DDFD vs. BOUT - Expense Ratio Comparison

DDFD has a 0.79% expense ratio, which is lower than BOUT's 0.80% expense ratio.

Dividends

DDFD vs. BOUT - Dividend Comparison

DDFD has not paid dividends to shareholders, while BOUT's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BOUT Innovator IBD Breakout Opportunities ETF	0.28%	0.34%	0.60%	1.32%	1.35%	0.00%	0.00%	0.00%	0.22%
DDFD Innovator Equity Dual Directional 15 Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDFD and BOUT in my portfolio?

DDFD and BOUT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFD or BOUT?

On fees, DDFD is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFD or BOUT?

DDFD is cheaper with a 0.79% expense ratio, compared with 0.80% for BOUT.

Which ETF pays a higher dividend yield, DDFD or BOUT?

BOUT has the higher dividend yield at 0.28%, compared with 0.00% for DDFD.

What is the main difference between DDFD and BOUT?

DDFD is categorized as Defined Outcome, while BOUT is Mid Cap Growth Equities. DDFD tracks SPDR S&P 500 ETF Trust (SPY), while BOUT tracks IBD Breakout Stocks Total Return Index. Their fees differ too: 0.79% for DDFD and 0.80% for BOUT.