DDFF vs. BUFP

Last updated Aug 1, 2026

DDFF (Innovator Equity Dual Directional 15 Buffer ETF - February) and BUFP (PGIM Laddered S&P 500 Buffer 12 ETF) are both Defined Outcome funds. DDFF is actively managed, while BUFP is passively managed. Their correlation of 0.87 means they have usually moved in the same direction. DDFF charges 0.79%/yr vs 0.50%/yr for BUFP.

Performance

DDFF vs. BUFP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - February (DDFF) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFF

• 1D: 0.22%
• 1M: 0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BUFP

• 1D: 0.44%
• 1M: 0.69%
• 6M: 6.15%
• YTD: 7.12%
• 1Y: 14.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	$1.13M	$1.22M	$1.53M
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	$85.90K	$147.25K	$327.77K

DDFF vs. BUFP - Yearly Performance Comparison

	2026 (YTD)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	3.99%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	6.15%

Correlation

The correlation between DDFF and BUFP is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.87

DDFF vs. BUFP - Sectors Allocation Comparison

Sectors	DDFF	BUFP
Technology	37.9%	37.9%
Financial Services	11.7%	11.7%
Communication Services	10.0%	10.0%
Consumer Cyclical	9.6%	9.6%
Healthcare	9.1%	9.1%
Industrials	8.4%	8.4%
Consumer Defensive	4.6%	4.6%
Energy	3.0%	3.0%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.7%	1.7%

Return for Risk

DDFF vs. BUFP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDFF

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

BUFP

BUFP Risk / Return Rank: 88
BUFP Sharpe Ratio Rank: 86
BUFP Sortino Ratio Rank: 88
BUFP Omega Ratio Rank: 90
BUFP Calmar Ratio Rank: 82
BUFP Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDFF vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - February (DDFF) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). 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.

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.

	DDFF	BUFP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.06	—
Sortino ratio: Return per unit of downside risk	—	3.03	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.02	—
Martin ratio: Return relative to average drawdown	—	16.13	—

Drawdowns

DDFF vs. BUFP - Drawdown Comparison

The maximum DDFF drawdown since its inception was -3.72%, smaller than the maximum BUFP drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for DDFF and BUFP.

Drawdown Indicators

	DDFF	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-3.72%	-11.98%	+8.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.41%	—
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.97%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.83%	—

Volatility

Volatility by Period

	DDFF	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	6.48%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	9.30%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.38%	9.30%	-3.92%

DDFF vs. BUFP - Expense Ratio Comparison

DDFF has a 0.79% expense ratio, which is higher than BUFP's 0.50% expense ratio.

Dividends

DDFF vs. BUFP - Dividend Comparison

DDFF has not paid dividends to shareholders, while BUFP's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDFF and BUFP in my portfolio?

DDFF and BUFP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFF or BUFP?

On fees, BUFP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFF or BUFP?

BUFP is cheaper with a 0.50% expense ratio, compared with 0.79% for DDFF.

Which ETF pays a higher dividend yield, DDFF or BUFP?

BUFP has the higher dividend yield at 0.01%, compared with 0.00% for DDFF.

What is the main difference between DDFF and BUFP?

They also come from different issuers: Innovator and PGIM. Their fees differ too: 0.79% for DDFF and 0.50% for BUFP.