DDFF vs. OILK

Last updated Jun 6, 2026

DDFF (Innovator Equity Dual Directional 15 Buffer ETF - February) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - DDFF is a Defined Outcome fund actively managed by Innovator, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. DDFF is actively managed, while OILK is passively managed. At a correlation of -0.39, they often move in opposite directions. DDFF charges 0.79%/yr vs 0.68%/yr for OILK.

Performance

DDFF vs. OILK - 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 ProShares K-1 Free Crude Oil Strategy ETF (OILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFF

• 1D: -0.75%
• 1M: 0.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILK

• 1D: -1.50%
• 1M: 2.45%
• YTD: 58.67%
• 6M: 52.94%
• 1Y: 53.67%
• 3Y*: 17.93%
• 5Y*: 16.92%
• 10Y*: —

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

DDFF vs. OILK - Yearly Performance Comparison

	2026 (YTD)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	2.54%
OILK ProShares K-1 Free Crude Oil Strategy ETF	48.28%

Correlation

The correlation between DDFF and OILK is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	-0.39

DDFF vs. OILK - Sectors Allocation Comparison

Sectors	DDFF	OILK
Technology	36.2%	-
Financial Services	11.9%	-
Communication Services	10.9%	-
Consumer Cyclical	10.1%	100.0%
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

DDFF vs. OILK — Risk / Return Rank

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

OILK

OILK Risk / Return Rank: 53
OILK Sharpe Ratio Rank: 57
OILK Sortino Ratio Rank: 52
OILK Omega Ratio Rank: 52
OILK Calmar Ratio Rank: 65
OILK Martin Ratio Rank: 41

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.

DDFF vs. OILK - 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 ProShares K-1 Free Crude Oil Strategy ETF (OILK). 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

	DDFF	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.11	+1.19

Drawdowns

DDFF vs. OILK - Drawdown Comparison

The maximum DDFF drawdown since its inception was -3.72%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for DDFF and OILK.

Drawdown Indicators

	DDFF	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-3.72%	-83.76%	+80.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.69%	—
Current Drawdown Current decline from peak	-0.80%	-6.91%	+6.11%
Average Drawdown Average peak-to-trough decline	-0.62%	-32.59%	+31.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.58%	—

Volatility

Volatility by Period

	DDFF	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.90%	28.86%	-22.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	30.12%	-24.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	35.96%	-30.06%

DDFF vs. OILK - Expense Ratio Comparison

DDFF has a 0.79% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

DDFF vs. OILK - Dividend Comparison

DDFF has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 8.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OILK ProShares K-1 Free Crude Oil Strategy ETF	8.46%	4.79%	3.11%	5.80%	17.32%	68.82%	0.13%	0.94%	0.58%	6.17%

Frequently Asked Questions

Can I hold both DDFF and OILK in my portfolio?

DDFF and OILK have a correlation of -0.39, 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 OILK?

On fees, OILK is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFF or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 0.79% for DDFF.

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

OILK has the higher dividend yield at 8.46%, compared with 0.00% for DDFF.

What is the main difference between DDFF and OILK?

DDFF is categorized as Defined Outcome, while OILK is Oil & Gas. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDFF and 0.68% for OILK.