DDFF vs. LOUP

Last updated Aug 1, 2026

DDFF (Innovator Equity Dual Directional 15 Buffer ETF - February) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - DDFF is a Defined Outcome fund actively managed by Innovator, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. DDFF is actively managed, while LOUP is passively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. DDFF charges 0.79%/yr vs 0.70%/yr for LOUP.

Performance

DDFF vs. LOUP - 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 Innovator Deepwater Frontier Tech ETF (LOUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFF

• 1D: 0.22%
• 1M: 0.60%
• 6M: 3.99%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LOUP

• 1D: -1.29%
• 1M: -11.40%
• 6M: 9.89%
• YTD: 11.39%
• 1Y: 37.12%
• 3Y*: 27.47%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 16.49%

*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)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	$85.90K	$147.25K	$327.77K
LOUP Innovator Deepwater Frontier Tech ETF	$926.73K	$920.97K	$1.38M

DDFF vs. LOUP - Yearly Performance Comparison

	2026 (YTD)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	3.99%
LOUP Innovator Deepwater Frontier Tech ETF	9.89%

Correlation

The correlation between DDFF and LOUP is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.73

DDFF vs. LOUP - Sectors Allocation Comparison

Sectors	DDFF	LOUP
Technology	37.9%	57.5%
Financial Services	11.7%	3.6%
Communication Services	10.0%	3.0%
Consumer Cyclical	9.6%	10.2%
Healthcare	9.1%	2.8%
Industrials	8.4%	16.0%
Consumer Defensive	4.6%	-
Energy	3.0%	3.2%
Utilities	2.3%	3.6%
Real Estate	1.9%	-
Basic Materials	1.7%	-

Return for Risk

DDFF vs. LOUP — 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.

LOUP

LOUP Risk / Return Rank: 42
LOUP Sharpe Ratio Rank: 42
LOUP Sortino Ratio Rank: 41
LOUP Omega Ratio Rank: 38
LOUP Calmar Ratio Rank: 44
LOUP Martin Ratio Rank: 42

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. LOUP - 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 Innovator Deepwater Frontier Tech ETF (LOUP). 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	LOUP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	1.54	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.55	—
Martin ratio: Return relative to average drawdown	—	4.59	—

Drawdowns

DDFF vs. LOUP - Drawdown Comparison

The maximum DDFF drawdown since its inception was -3.72%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for DDFF and LOUP.

Drawdown Indicators

	DDFF	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-3.72%	-58.68%	+54.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.63%	—
Current Drawdown Current decline from peak	0.00%	-14.75%	+14.75%
Average Drawdown Average peak-to-trough decline	-0.52%	-19.79%	+19.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.09%	—

Volatility

Volatility by Period

	DDFF	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	31.22%	-25.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	32.84%	-27.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.38%	32.07%	-26.69%

DDFF vs. LOUP - Expense Ratio Comparison

DDFF has a 0.79% expense ratio, which is higher than LOUP's 0.70% expense ratio.

Dividends

DDFF vs. LOUP - Dividend Comparison

Neither DDFF nor LOUP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFF and LOUP in my portfolio?

DDFF and LOUP have a correlation of 0.73, 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 LOUP?

On fees, LOUP is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFF or LOUP?

LOUP is cheaper with a 0.70% expense ratio, compared with 0.79% for DDFF.

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

DDFF and LOUP have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFF and LOUP?

DDFF is categorized as Defined Outcome, while LOUP is Technology Equities. Their fees differ too: 0.79% for DDFF and 0.70% for LOUP.