DDFF vs. PXE
DDFF (Innovator Equity Dual Directional 15 Buffer ETF - February) and PXE (Invesco Dynamic Energy Exploration & Production ETF) are both exchange-traded funds - DDFF is a Defined Outcome fund actively managed by Innovator, while PXE is a Energy Equities fund tracking the Dynamic Energy Exploration & Production Intellidex Index. DDFF is actively managed, while PXE is passively managed. At a correlation of -0.27, they often move in opposite directions. DDFF charges 0.79%/yr vs 0.63%/yr for PXE.
Performance
DDFF vs. PXE - Performance Comparison
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Returns By Period
DDFF
- 1D
- 0.23%
- 1M
- 0.45%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PXE
- 1D
- 2.00%
- 1M
- 12.78%
- 6M
- 34.72%
- YTD
- 35.83%
- 1Y
- 37.77%
- 3Y*
- 11.49%
- 5Y*
- 22.07%
- 10Y*
- 9.50%
- ALL TIME*
- 6.36%
DDFF vs. PXE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February | 3.78% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 25.17% |
Correlation
The correlation between DDFF and PXE is -0.27, 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 2, 2026 | -0.27 |
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Return for Risk
DDFF vs. PXE — Risk / Return Rank
DDFF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXE
DDFF vs. PXE - 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 Invesco Dynamic Energy Exploration & Production ETF (PXE). 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 | PXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.27 | — |
| Martin ratioReturn relative to average drawdown | — | 5.35 | — |
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Drawdowns
DDFF vs. PXE - Drawdown Comparison
The maximum DDFF drawdown since its inception was -3.72%, smaller than the maximum PXE drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for DDFF and PXE.
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Drawdown Indicators
| DDFF | PXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -83.99% | +80.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.17% | — |
Current DrawdownCurrent decline from peak | -0.13% | -6.05% | +5.92% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -27.89% | +27.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.07% | — |
Volatility
DDFF vs. PXE - Volatility Comparison
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Volatility by Period
| DDFF | PXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 27.64% | -22.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.48% | 33.29% | -27.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 36.96% | -31.48% |
DDFF vs. PXE - Expense Ratio Comparison
DDFF has a 0.79% expense ratio, which is higher than PXE's 0.63% expense ratio.
Dividends
DDFF vs. PXE - Dividend Comparison
DDFF has not paid dividends to shareholders, while PXE's dividend yield for the trailing twelve months is around 1.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.76% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
Frequently Asked Questions
DDFF and PXE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PXE is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PXE is cheaper with a 0.63% expense ratio, compared with 0.79% for DDFF.
PXE has the higher dividend yield at 1.76%, compared with 0.00% for DDFF.
DDFF is categorized as Defined Outcome, while PXE is Energy Equities. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for DDFF and 0.63% for PXE.
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